Deutsche Telekom hopes major investments in Germany and the United States and a long-awaited iPhone deal will turn around its fortunes, compensating for the dividend cut it plans to pay for them.
The company said it would increase investments by more than an annual 1 billion euros ($1.3 billion) to 9.5 billion euros in 2015 from an estimated 8.3 billion euros this year, rolling out faster broadband and next generation 4G networks, as it cut its dividend by almost 30 percent.
France Telecom's Polish unit TPSA expects its home telecoms market, which it dominates, to shrink by over seven percent next year because of economic woes and further regulatory cuts in mobile charges, its top executive said.
TPSA (Warsaw, Poland), the former state monopolist, already slashed its 2012 outlook and future dividend payout last month due to economic factors and aggressive competitors, dragging its shares to levels unseen in nine years.
France Telecom’s chief executive has said an acquisition of Vivendi’s stake in Maroc Telecom would have “strategic interest” in an interview with France’s Le Figaro newspaper.
Stephane Richards said valuing the Moroccan business was out of the question, but that an acquisition could make sense for the French telecoms incumbent.
He acknowledged, however, that France Telecom (Paris, France) would struggle to fund a purchase given its current high level of debt and depressed share price.
UK telecoms incumbent BT is to slash the wholesale price of its superfast broadband service, although broadband operators interested in its forthcoming on-demand offer may face substantial set-up fees.
From June 2013, the rental price of BT’s 330Mbps fibre-to-the-premises (FTTP) service will fall to just £38 ($61) a month, from £60 currently.
BT (London, UK) says those rates will also apply to the FTTP on-demand (FoD) service it plans to launch in the first half of 2013.
Cable & Wireless Communications (CWC) is to sell most of its Monaco & Islands division businesses to Bahrain’s Batelco for the cash fee of $680 million as it looks to reduce debt and focus on operations in Central America and the Caribbean.
The UK-headquartered operator will sell all its shareholdings in the Maldives, Channel Islands and Isle of Man, the Seychelles, South Atlantic and Diego Garcia, as well as a 25% stake in Compagnie Monegasque de Communication (CMC), which owns 55% of Monaco Telecom.
U.S.-Israeli media magnate Haim Saban agreed to buy a controlling stake in Israel's second largest telecoms operator, Partner Communications
Saban Capital (Los Angeles, USA) will pay Israeli holding company Scailex Corp
New Zealand’s Chorus has issued a stark warning that new pricing regulation could slash NZD180 million ($148 million) off its annual earnings in future and hinder the take-up of new fibre-based broadband services.
The operator, which was carved out of Telecom Corp of New Zealand (Wellington, New Zealand) last December, owns most of New Zealand’s copper-line networks and provides wholesale fixed-line and broadband services over this infrastructure.
The Asia Communication Awards are back for their third year, and promise to be even bigger and better! The Awards recognise the achievements of Asian telecoms companies and the individuals responsible for the innovations, achievements and great new services that are helping to build tomorrows industry.
Far from fearing the coming investment from Europe's telecom giants into superfast broadband, smaller cable firms believe they will still beat the big guns to the trigger.
Cable operators Liberty Global (Amsterdam, Netherlands), Ziggo (Utrecht, Netherlands), Kabel Deutschland (Unterfoehring, Germany) and Virgin Media (Hook, UK) have already stolen a march on their less nimble rivals, winning customers and investors with their expansion into broadband.
Weaker sales and the rising cost of device subsidies triggered declines in third-quarter revenues and net income at Maxis, Malaysia’s biggest telecoms operator.
While revenues dropped 1.2%, to 2.21 billion ringgits ($723 million), compared with the same period of 2011, net profit was down an alarming 17.7%, to 443 million ringgits.
Maxis (Kuala Lumpur, Malaysia) faces particularly aggressive competition in the mobile-phone sector and has been forced to cut prices and increase device discounts to attract and retain customers.