Saudi Telecom has flagged a sharp increase in quarterly profits thanks to the implementation of new cost-cutting measures, and says it is considering the sale of further assets to improve its fiscal position.
The Saudi Arabian incumbent reported a 73% increase in net income for the third quarter, to SAR3.39 billion ($904 million), compared with the same period a year earlier, while revenues for the first nine months of the year edged up by 2.5%, to SAR34.3 billion.
Croatia’s Hrvatski Telekom has reported a slump in revenues and profits for the three months ending September, with the country’s beleaguered economy taking a heavy toll on earnings performance.
Majority owned by Germany’s Deutsche Telekom (Bonn), the Croatian incumbent flagged a 32.1% drop in net income, to HRK394 million ($71.22 million), and said revenues fell by HRK1.77 billion, compared with the same period the year before.
UK-headquartered mobile operator Vodafone is reported to be seeking approval from authorities to take full control of its India business, in which it currently holds a stake of 64.4%.
According to a report from Dow Jones, the operator has sought permission from India’s Foreign Investment Protection Board to buy remaining shares in the company in a deal likely to cost around $1.65 billion.
M2M and digital security specialist Gemalto has flagged a double-digit revenue increase for the three months ending September, citing improving demand for its range of M2M products and services in both the Americas and Europe.
The company announced a 10% increase in sales, to €596 million ($820 million), compared with the third quarter of 2012, with revenues up across all of its main divisions.
Belgian telecoms incumbent Belgacom has followed several European peers into the field of M2M application management, launching a new platform for M2M developers and companies looking to take advantage of M2M services.
Branded the “Belgacom M2M factory”, the new platform will allow customers to design and manage M2M applications using the various hardware, applications and connectivity building blocks available though Belgacom’s (Brussels, Belgium) fixed and mobile networks.
Europe is set to be the next big growth market for M2M-enabled healthcare services, after North America, according to new research from Frost & Sullivan.
While the potential telehealth opportunity in North America is widely recognized, Europe has tended to lag in this area, with most M2M companies focused on the rollout of smart home, connected car and telematics services.
Module maker u-blox has partnered with semiconductor designer ARM on the development of a “cellular kit” for the design of wirelessly connected location-aware devices used to support M2M services.
The companies have branded their joint offering the C027 “Internet of Things Starter Kit” and plan to conduct a demonstration of the technology at this week’s ARM TechCon conference being hosted in California.
Croatian incumbent Hrvatski Telekom has filed an application to participate in an auction of 800MHz airwaves that regulatory authorities failed to sell a year ago.
The operator – controlled by Germany’s Deutsche Telekom (Bonn) – was one of two companies to win a 2x10MHz block of 800MHz spectrum during an auction in October 2012, paying €20 million ($27.6 million) for its license.
Rival operator Vipnet, the other license winner, also paid €20 million for its concession, but the remaining 2x10MHz block remained unsold at the auction’s conclusion.
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.
The GSM Association (GSMA) has announced that Telenor’s Jon Fredrik Baksaas will serve as its chairman for the remainder of the current Board term, which is set to expire in December 2014.
Baksaas had been appointed as acting chairman following the resignation of Telecom Italia’s (Milan, Italy) Franco Bernabe, who quit his GSMA shortly after stepping down as boss of the Italian phone incumbent.