Financial

Intel shares drop as Wall Street questions mobile growth

Reuters

Shares of Intel Corp fell nearly 5 percent on Friday after Wall Street came away from its investor meeting craving more evidence that the chipmaker can forge a strong mobile presence to drive up revenue and margins.

Investors wanted the company at the vanguard of personal-computer technology to lay out a plan to get higher-margin chips into tablets and smartphones, which are rapidly eroding sales of traditional PCs.

Microsoft to win EU okay for $7.3 billion Nokia deal: sources

Reuters

Microsoft is set to secure unconditional EU regulatory approval for its proposed 5.4-billion-euro ($7.30 billion) takeover of Nokia's mobile phone business, two people familiar with the matter said on Friday.

The deal, announced in September and which includes a 10-year licensing agreement of Nokia's (Helsinki, Finland) patent portfolio, underscores Microsoft's (Seattle, WA, USA) push into the competitive consumer devices market.

It faces fierce competition from market leader Samsung Electronics (Seoul, South Korea) and Apple (Cupertino, CA, USA).

T-Mobile US eyes airwaves buy from Verizon Wireless: source

Reuters

T-Mobile US is looking to buy wireless airwaves from larger rival Verizon Wireless to bolster its mobile network capacity for data services, a source familiar with the matter said on Tuesday.

While T-Mobile (Bellevue, WA, USA) has approached Verizon (New York City, NY, USA) about buying the spectrum, the process is still in the early stages, according to the source, who asked not to be named. The source was not authorized to discuss the matter.

Rostelecom grows earnings on broadband, TV demand

Russian telecoms incumbent Rostelecom has flagged growth in revenues and profits on the back of rising demand for broadband and pay-TV services.

The state-controlled operator reported a 12% increase in net profit for the three months ending September, to RUB10.5 billion ($319 million), and a 2% rise in revenues, to RUB78.2 billion, compared with the same period of 2012.

Newcomers miss out in Czech 4G mobile licence auction

Reuters

The three existing Czech mobile operators, Telefonica Czech Republic, T-Mobile and Vodafone, won an auction of radio spectrum for 4G high-speed mobile data networks, the telecoms regulator said on Tuesday.

The regulator, CTU, said two newcomers, Revolution Mobile and Sazka Telecommunications, did not win any frequencies - a surprise given that auction conditions included setting aside space for a fourth operator.

Deutsche Telekom close to selling Scout24 to Hellman & Friedman: Financial Times

Deutsche Telekom is reported to be holding exclusive talks with private-equity player Hellman & Friedman over the sale of its Scout24 online classifieds portal.

According to a report from the UK’s Financial Times newspaper, citing sources familiar with the matter, the German incumbent is on the verge of selling a 70% stake in Scout24 to Hellman & Friedman (San Francisco, CA, USA) for the fee of about €1.5 billion ($2 billion).

European telcos' merger hopes help close Atlantic gap

Reuters

A rally in European telecom stocks has closed the big valuation gap with U.S. peers seen nine months ago, boosted by hopes that regulators will allow more mergers in the industry as it starts to recover from the bruising recession.

A series of telecoms and cable industry deals this year has helped fuel speculation that competition regulators will loosen the leash on mobile firms wanting to merge to encourage the investment needed for Europe to catch up on building faster broadband networks.

Italian PM to set telecoms investment targets: Reuters

Italian Prime Minister Enrico Letta has reportedly unveiled plans to set investment targets for the country’s telecoms sector to ensure it does not fall behind other parts of Europe.

According to a report from Reuters, Letta has appointed a group of telecoms and economics experts – including former Cable & Wireless (London, UK) chief executive Francesco Caio, French economist Gerard Pogorel, and former FCC advisor Scott Marcus – to produce a report on investment requirements by the end of the year.

Belgacom seeking CEO replacement after Bellens sacking

Belgacom has announced that chief financial officer Ray Stewart and chairman Stefaan De Clerck will jointly assume chief executive responsibilities following the sacking of Didier Bellens last week.

Stewart and De Clerck are to lead the Belgian incumbent until a full-time replacement for Bellens has been found.

The operator’s board of directors appears to have recruited an external headhunting agency to find a successor by drawing up a shortlist of qualified candidates.

Chorus withdraws dividend guidance on regulatory uncertainty

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.

Syndicate content