Dutch incumbent KPN reported declining profits and revenues for the third quarter, with tough competition in Germany’s mobile-phone market largely blamed for the slump.
The operator’s net income fell by 38%, to €250 million ($324 million), compared with the third quarter of 2011, while revenues dropped 3.6% to about €3.1 billion.
Qtel, Qatar’s state-controlled operator, is interested in purchasing Vivendi’s stake in Maroc Telecom, the largest telecoms business in Morocco, reports the Financial Times.
Thought to be interested in concentrating on its media business henceforth, the French conglomerate is reviewing its ownership of various telecoms businesses, including Maroc Telecom (Rabat, Morocco), in which it holds a 53% stake, and SFR (Paris, France), a French mobile-phone operator.
AT&T said on Friday it will contribute a stake in its wireless business to the company's pension plan worth $9.5 billion in an effort to secure the fund, according to a U.S. Securities and Exchange Commission filing.
AT&T (Dallas, USA) filed for approval for the proposal with the U.S. Department of Labor on Thursday. It said the move would not significantly affect company earnings.
AT&T's pension plan was underfunded by about $10.2 billion at the end of 2011, a company spokeswoman said.
U.S. telecommunications group Verizon Communications Inc posted a 16 percent increase in quarterly profit, helped by higher revenue in its wireless business after it raised data prices and started selling the latest Apple iPhone.
Verizon (New York, USA) said on Thursday it was on track to meet 2012 financial goals, with capital spending for the year expected to be lower than the $16.2 billion total in 2011.
It's this year's biggest technology acquisition and the largest outbound deal in Japan's history. But game-changing, it is not.
Softbank Corp's <9984.T> pricey $20 billion bid to buy control of No. 3 U.S. telecoms company Sprint Nextel Corp
Telefonica hopes to raise around 1.5 billion euros ($2 billion) by selling part of its O2-branded German subsidiary on the stock market.
Europe's largest telecoms company by revenue has said it could also sell businesses in Latin America as it tries to cut its 58 billion euro debt pile and hang on to its prized investment-grade rating, under pressure from the euro crisis in its Spanish home market.
The FTTH Council Europe has risked embarrassing the UK government by drawing attention to the country’s lack of superfast broadband investment and adoption despite authorities’ bold plans to have “the best superfast broadband network in Europe by 2015”.
In its latest set of FTTH rankings, showing which countries in Europe have the most superfast broadband subscribers, the lobby group singles out the UK as “conspicuously absent”.
TPSA, Poland’s former state-owned telecoms monopoly, has warned investors it will fail to meet previous full-year earnings objectives because of the harsh macroeconomic conditions and intensification of a price war in the mobile-phone market.
The warning came as the operator, majority owned by French incumbent France Telecom (Paris), published third-quarter results that showed a 5.5% drop in revenues, to 3,473 million zlotys ($1.11 billion), compared with the same period last year, and an 18.6% decline in net income, to 307 million zlotys, before adjusting for tax relief.
Japanese mobile operator Softbank Corp said it will buy about 70 percent of Sprint Nextel Corp, the third-largest U.S. carrier, for $20.1 billion - the most a Japanese firm has spent on an overseas acquisition.
Vivendi is exploring a merger between SFR, its French mobile-phone business, and Numericable, a cable operator in the country, reports the Financial Times.
Sources claim the French media conglomerate has been in discussions with Caryle, Cinven and Altice, the private-equity owners of Numericable (Paris, France), about combining the separate operations in a new company, in which Vivendi (Paris, France) would hold a 49% share and Numericable’s owners the controlling stake.