Financial

Iliad shares drop 4% as mobile phone growth slows

Reuters

Shares in France's Iliad fell more than 4 percent after the low-cost telecoms operator founded by billionaire Xavier Niel reported slower growth at its mobile phone business Free.

Iliad said the number of new mobile customers fell to 640,000 in the third quarter from 720,000 in the second, suggesting that a price war with more established mobile operators is making it harder for Iliad's (Paris, France) Free Mobile service to lure away their customers.

The Future of Money and Technology Summit IV

Date
Start Date: 
Monday, December 9, 2013
End Date: 
Monday, December 9, 2013

San Francisco:

The Future of Money and Technology Summit brings together the best and brightest thinkers around money, including visionaries, entrepreneurial business people, developers, press, investors, authors, solution providers, service providers, and organizations who work with them at the convergence of cash and commerce. We meet to discuss the evolving money ecosystem in a proactive, conducive to dealmaking environment.

Mobile data demand boosts MegaFon earnings

Russia’s MegaFon has flagged growth in revenue and profits on the back of rising demand for mobile data services and an increase in smartphone sales.

The operator – Russia’s third biggest after MTS (Moscow, Russia) and VimpelCom (Amsterdam, Netherlands) – said revenues for the three months ending September were up by 9%, to RUB77.5 billion ($2.37 billion), while net profit rose by 2.9%, to RUB15.3 billion, compared with the same period last year.

Portugal Telecom hit by forex weakness, domestic sales decline

Portugal Telecom has reported drops in revenue and earnings for the three months ending September due to the weakness of the Brazilian real and a slump in domestic sales.

The Portuguese incumbent flagged an 11.3% fall in operating revenues, to €1.45 billion ($1.95 billion), and said net income plummeted by 66.4%, to just €21 million, between the third quarters of 2012 and 2013.

Portugal Telecom (Lisbon, Portugal) said its performance in its domestic market continued to be affected by intense competition and poor macroeconomic conditions.

Barclay's Kheradpir to succeed Johnson as Juniper CEO

Network equipment maker Juniper Networks says Barclays executive Shaygan Kheradpir will take over from Kevin Johnson as chief executive at the start of 2014.

Johnson had announced plans to retire in July, having led the company since 2008, when he joined from software giant Microsoft (Seattle, WA, USA).

Kheradpir is currently chief operations and technology officer at financial services provider Barclays (London, UK), and before that he worked as executive vice president and chief information and technology officer at Verizon Communications (New York City, NY, USA).

T-Mobile considering buying spectrum from private party

Reuters

T-Mobile US Inc is considering buying spectrum from an unidentified private party and would use some of the proceeds of a planned $2 billion share offering to finance such a deal, the company said in a regulatory filing on Tuesday.

On Monday, after the market close, the company announced an offering of up to roughly 72 million shares and said it could buy wireless airwaves using proceeds from the sale. The share sale could represent the fourth biggest secondary offering so far this year, according to Reuters data.

Vodafone to ramp up investment as trading suffers

Reuters

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.

Novatel Wireless narrows quarterly loss on M2M progress

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.

Deutsche Telekom agrees 546 million euros takeover of GTS Central Europe

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.

Vodacom revenues up 6.6% on customer growth, data explosion

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.

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