Financial

T-Mobile US third quarter subscriber growth tops street estimate

Reuters

T-Mobile US Inc, the No. 4 U.S. mobile provider, reported much better-than-expected subscriber growth, outpacing bigger rival AT&T and also putting pressure on other competitors, including market leader Verizon Wireless.

This was the second straight quarter of growth after four years of customer losses at T-Mobile US (Bellevue, WA, USA), which is 74 percent owned by Deutsche Telekom AG (Bonn, Germany). It made inroads against bigger rivals by criticizing them in its marketing and selling itself as more consumer-friendly with cheaper prices and more flexibility.

Alcatel-Lucent seeks to raise $2 billion for recovery drive

Reuters

Loss-making telecom equipment maker Alcatel-Lucent plans to raise 955 million euros ($1.3 billion) from shareholders and $750 million from a high-yield bond to cut debt and drive what its boss has called a last-ditch effort to save the group.

Chorus says regulation will jeopardize fiber investment plans

New Zealand network player Chorus has lashed out at new pricing regulations for jeopardizing its plans to invest in a new fiber-optic network.

In a statement published on its website, the operator described recent regulatory proposals as a “black hole” that would put funding at risk.

PPF Group to pay 2.5 billion euros for Telefonica Czech Republic: report

Investment firm PPF Group is on the verge of agreeing a €2.5 billion ($3.38 billion) deal to acquire a controlling stake in Telefonica’s Czech business, reports the Financial Times.

According to sources cited by the UK newspaper, the companies are set to reach an agreement over the next few days.

Telefonica (Madrid, Spain) has been reported to be looking for a buyer of its 66% stake in Telefonica Czech Republic ever since regulatory authorities decided to reserve spectrum in a forthcoming frequency auction for a new entrant to the telecoms sector.

Leap shareholders approve AT&T takeover

Leap Wireless shareholders have given their seal of approval to a $1.2 billion takeover of the company by mobile giant AT&T.

According to the company’s press release, more than 99% of votes cast were in favor of the transaction, which will boost AT&T’s (Dallas, TX, USA) position in the US prepaid market besides shoring up its spectrum holdings.

Vodafone rises on report of AT&T takeover interest

Reuters

Shares in Vodafone Group rose on Friday after a media report that U.S. mobile operator AT&T was exploring strategies for a potential takeover of the British telecoms firm.

AT&T (Dallas, TX, USA) Chief Executive Randall Stephenson has said there is a "huge opportunity" to invest in mobile broadband in Europe and he would buy wireless assets if they were available at the right price.

Saudi Telecom reports 73% profit rise in third quarter

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.

Hrvatski Telekom hit by economic woes, EU accession

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.

Vodafone seeking full control of India unit: report

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.

Bharti Airtel's operating performance boosts outlook

Reuters

Bharti Airtel Ltd's better-than-expected operating performance and higher margins reinforced expectations that India's long-suffering mobile phone services market is turning the corner even as the market leader reported its 15th consecutive quarter of declining profit.

Bharti (New Delhi, India) shares were trading up 3.5 percent at 353.70 rupees in morning trade after rising as much as 5.5 percent in a Mumbai market that was up 0.2 percent.

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