Financial

Qtel interested in Vivendi's Morocco business

Qtel, Qatar’s state-controlled operator, is interested in purchasing Vivendi’s stake in Maroc Telecom, the largest telecoms business in Morocco, reports the Financial Times.

Thought to be interested in concentrating on its media business henceforth, the French conglomerate is reviewing its ownership of various telecoms businesses, including Maroc Telecom (Rabat, Morocco), in which it holds a 53% stake, and SFR (Paris, France), a French mobile-phone operator.

China Mobile revenue up 6.4% on growing data usage

China Mobile reported a 1.4% rise in net profit, to 93.3 billion yuan ($14.9 billion), for the first nine months of the year, with growing take-up of mobile data services spurring a 6.4% increase in revenues, to 408.6 billion yuan.

China’s biggest mobile-phone operator has been focusing on improvements to service quality as the market matures, economic growth slows and competition intensifies.

Orascom seeks full control of Wind Mobile

Egypt-based Orascom Telecom Holding is planning to exploit a change in legislation that will allow it to take full control of Wind Mobile, its Canadian mobile-phone subsidiary.

The company has asked shareholders to approve a proposal that would let it convert non-voting shares in Globalive (Toronto, Canada), the holding company that owns Wind, into voting shares.

AT&T will boost pension fund with $9.5 billion equity stake

AT&T said on Friday it will contribute a stake in its wireless business to the company's pension plan worth $9.5 billion in an effort to secure the fund, according to a U.S. Securities and Exchange Commission filing.

AT&T (Dallas, USA) filed for approval for the proposal with the U.S. Department of Labor on Thursday. It said the move would not significantly affect company earnings.

AT&T's pension plan was underfunded by about $10.2 billion at the end of 2011, a company spokeswoman said.

Alcatel-Lucent to cut 5,490 jobs worldwide

Reuters

Telecoms equipment maker Alcatel-Lucent plans to axe 5,490 jobs worldwide as part of a cost-saving program unveiled in July, with more than a quarter of the cuts coming in France.

Union representatives in France on Thursday pledged to fight the 1,430 job cuts in France and called on the government to intervene, creating another headache for the new Socialist government as it tries to tackle unemployment which is at a 13-year high.

"We are in shock," Isabelle Guillemot, of the CFDT union, said, calling on workers to hold protests on Friday.

Verizon third-quarter profit rises, boosted by wireless unit

Reuters

U.S. telecommunications group Verizon Communications Inc posted a 16 percent increase in quarterly profit, helped by higher revenue in its wireless business after it raised data prices and started selling the latest Apple iPhone.

Verizon (New York, USA) said on Thursday it was on track to meet 2012 financial goals, with capital spending for the year expected to be lower than the $16.2 billion total in 2011.

Softbank deal's big on size, small on change

Reuters

It's this year's biggest technology acquisition and the largest outbound deal in Japan's history. But game-changing, it is not.

Softbank Corp's <9984.T> pricey $20 billion bid to buy control of No. 3 U.S. telecoms company Sprint Nextel Corp (Overland Park, USA) marks a bold move by billionaire CEO Masayoshi Son beyond his flagging home market. Some analysts say it hands the U.S. company much-needed firepower to buy peers and build out high-speed networks.

Telefonica hopes for 1.5 billion euros from German sale

Reuters

Telefonica hopes to raise around 1.5 billion euros ($2 billion) by selling part of its O2-branded German subsidiary on the stock market.

Europe's largest telecoms company by revenue has said it could also sell businesses in Latin America as it tries to cut its 58 billion euro debt pile and hang on to its prized investment-grade rating, under pressure from the euro crisis in its Spanish home market.

C&W in talks to sell Macau business

Cable & Wireless Communications (C&W) is in discussions to sell its 51% stake in a Macau telecoms operator as it looks to reduce debt and focus efforts on the Caribbean region.

The operator confirmed earlier today that it was holding talks with CITIC Telecom International Holdings (Hong Kong) about selling its shares in Companhia de Telecomunicações de Macau (CTM), which provides mobile-phone services and broadband services and is the only fixed-line voice business in Macau.

Poland's TPSA set to miss earnings targets

TPSA, Poland’s former state-owned telecoms monopoly, has warned investors it will fail to meet previous full-year earnings objectives because of the harsh macroeconomic conditions and intensification of a price war in the mobile-phone market.

The warning came as the operator, majority owned by French incumbent France Telecom (Paris), published third-quarter results that showed a 5.5% drop in revenues, to 3,473 million zlotys ($1.11 billion), compared with the same period last year, and an 18.6% decline in net income, to 307 million zlotys, before adjusting for tax relief.

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