UK operator BT has announced that Liv Garfield, the chief executive of its Openreach division, will step down in Spring 2014 to join water company Severn Trent.
Garfield has been responsible for overseeing a £2.5 billion ($4 billion) commercial rollout of fiber broadband services by Openreach, BT’s (London, UK) local access network business.
BT also says she played a “pivotal role” in developing the business case for that fiber deployment in her previous role as Group Strategy Director.
New Zealand’s Chorus has withdrawn its full-year dividend guidance, blaming the ongoing regulatory uncertainty over wholesale pricing for its move.
The company – which rents capacity on its broadband network to retail service providers, including Telecom New Zealand (Auckland, New Zealand) – had previously issued dividend guidance of NZD0.25 per share, but its financial plans have recently been thrown into disarray by regulatory proposals to lower the price of it services.
France’s Numericable is reported to have announced plans for an initial public offering valuing the cable company at some €5.57 billion ($7.69 billion).
According to a report from Dow Jones Newswires, the operator plans to raise around €652.5 million in new capital, including €250 million from a capital increase.
Meanwhile, private-equity owners Carlyle and Cinven are looking to sell another €402.2 million as part of the offering, which would give Numericable (Paris, France) an enterprise value of between €5.06 billion and €5.57 billion, including €2.75 billion in debt.
French telecoms incumbent Orange has reported a slump in earnings and revenues for the three months ending September, with regulation and competition weighing heavily on the operator in its economically challenged European heartlands.
The operator witnessed a 4% drop in revenues, to €10.16 billion ($14 billion), and saw restated earnings before interest, taxation, depreciation and amortization (EBITDA) fall by 7%, to €3.37 billion, in its third quarter.
Telecoms industry executives have rated interoperability as the key challenge they face in deploying superfast broadband networks, according to a recent survey conducted by Informa Telecoms & Media.
The market-research company surveyed a total of 237 so-called “broadband stakeholders” and said that 54% of respondents cited interoperability as one of the top three challenges they face, with 25% of operators viewing it as the main challenge.
Telecom equipment maker Alcatel-Lucent said on Tuesday it would cut 10,000 jobs worldwide, calling it the last chance to turn the company around from heavy losses.
It was the latest step in a plan to focus on high-growth areas ranging from 4G mobile to high-speed broadband, and to lower fixed costs by more than 15 percent, saving a total of 1 billion euros ($1.36 billion).
The product of a 2006 Franco-U.S. merger aimed at creating a global giant, Alcatel-Lucent (Paris, France) told a European works council meeting it intends to axe nearly one in seven of its employees.
US operator AT&T is responding to Google’s entry into the high-speed broadband market by promising to launch its own ultra-fast offer in Austin, Texas – where the internet giant plans to switch on a 1Gbps service in mid-2014.
The operator this week said it had begun work on the deployment of a network in Austin that would match Google’s (Mountain View, CA, USA) on connection speeds when finally developed.
Liberty Global has given up efforts to acquire Kabel Deutschland, recently the target of a €7.7 billion ($10.1 billion) offer from Vodafone, and will instead focus takeover efforts on the southern Europe region, reports Bloomberg.
Liberty’s (Meridian, CO, USA) interest had forced Vodafone (Newbury, UK) to raise the price of its original offer but the UK operator now looks free to complete its move for Germany’s biggest cable company later this year.
European Union (EU) commissioner Neelie Kroes has said a single European telecoms market could provide the region’s economy by as much as €110 billion ($140 billion) annually.
In a speech delivered this week to the European Parliament in Brussels, Kroes said that Europe’s telecoms industry is lagging those in other parts of the world because of “border checkpoints” that discourage investment and weaken competitiveness.
Italian phone incumbent Telecom Italia has won support from Italy’s regulator for its plans to spin off its fixed-line business, reports Reuters.
In a speech to the Italian parliament, Angelo Marcello Cardani, the president of regulatory authority AGCOM, is reported to have praised the plans, saying that a broad and deep separation would pay regulatory dividends.
Telecom Italia’s board approved the separation scheme in May and will hope the move helps the operator to slash its substantial debt of more than €28 billion ($35.8 billion).