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.
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 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).
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 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 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.
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.
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.
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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.