Britain's Vodafone will spend 7 billion pounds - more than expected and earlier than expected - to increase the speed and coverage of its networks and reverse a record fall in revenues resulting from its struggling European business.
The world's second-largest mobile operator, which is using some of the proceeds from the $130 billion sale of its U.S. arm to upgrade its infrastructure, said it would spend 3 billion pounds in Europe, 1.5 billion in its emerging markets and the rest on fixed-line assets, enterprise and its retail arm.
Module maker Novatel Wireless has flagged a substantial increase in revenues and narrowing of its net loss for the three months ending September thanks to good progress at both its mobile computing and M2M businesses.
The company said revenue rose by 30.5%, to $92.7 million, compared with the same period last year, while net losses narrowed to $5.1 million from $32 million in the same period of 2012.
Germany’s Deutsche Telekom has announced a €546 million ($731 million) takeover of GTS Central Europe aimed at allowing it to provide fixed-line services in parts of central Europe where it is currently a ‘mobile-only’ player.
The German incumbent said the takeover would also allow it to provide cross-border services to business customers – addressing an important pillar of its strategy for European regeneration.
South Africa’s Vodacom has reported a rise in revenues and earnings over the first six months of the year on the back of growth at its international operations and improved trends in its domestic market.
Majority owned by the UK’s Vodafone (Newbury), the operator said revenues were up by 6.6%, to ZAR36.7 billion ($3.55 billion), compared with the same period in 2012, while earnings before interest, taxation, depreciation and amortization rose by 9.6%, to ZAR13.2 billion, over the same period.
Cable company Liberty Global has reported widening losses due to derivative instruments plus higher interest and tax expenses, while the company’s revenues have received a major boost from its acquisition of UK operator Virgin Media earlier this year.
For the three months ending September, the company saw its net loss grow to $830 million from just $22 million in the same period last year.
French telecoms and media conglomerate Vivendi says it has reached a €4.2 billion ($5.67 billion) deal with Etisalat over the sale of its 53% stake in Maroc Telecom.
The transaction still requires sign-off by regulatory authorities but Vivendi (Paris, France) is confident of concluding the sale by early 2014.
The French company describes the deal as a part of its strategy to refocus activities around media and content and away from telecoms.
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.
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.
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.
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.