Category archives for: Telco

Superfast broadband reaches 1m UK homes and businesses

super-fast-broadband

The UK government’s rollout of superfast broadband has now reached more than 1 million homes and businesses across the UK. The £1.7 billion nationwide rollout is firmly on track to extend superfast broadband to 95 per cent of UK homes and businesses by 2017. The rate at which the fibre technology is being rolled out under the programme is rapidly […]

Deutsche Telekom “reaps the rewards”

Deutsche-Telekom

Deutsche Telekom has reported that earnings rose sharply in Q2, driven by the strong performance of its US subsidiary. “It’s harvest time for Deutsche Telekom on both sides of the Atlantic,” the group said in a statement. Net profit rose by 34.2 per cent to €711 million in the period from April to June. Underlying or operating profit was up […]

Telefónica makes €6.7bn GVT bid

telefonica

In a move that it says underlines its commitment to Brazil, Spanish telco Telefónica and Telefónica Brasil have submitted an offer to Vivendi for the combination of Telefónica Brasil and Global Village Telecom (GVT), which includes a cash consideration of 11.962 billion Brazilian Reais and newly issued shares representing 12 per cent of the share capital of the new Telefónica […]

BT TV growth slows

BT-Sport

BT has reported strong demand for fibre broadband lines in Q1, but growth in its pay-TV business has slowed. Group revenues were down 2 per cent on last year to £4.4 billion (€5.5bn), with only the consumer division posting growth. Adjusted pre-tax profits were up 7 per cent to £638 million. BT TV added just 5,000 customers in the quarter, […]

Altice raises Numericable stake to 74.6%

Investment fund Altice has announced that its wholly-owned subsidiary, Altice France is acquiring a 34.6 per cent stake in French cable telco Numericable Group from Carlyle Cable Investments and CCI (F3) S.à r.l (Cinven), as previously announced on April 7, 2014. A first portion, representing approximately 20.6 per cent of Numericable shares out of the 34.6 per cent purchased, will […]

TalkTalk hits 1.1m pay-TV subs

TalkTalk has reported 1.1 million customers for its budget pay-TV service, adding 185,000 in the most recent quarter. The telco, which relaunched its TV offering with a YouView box last year is now the fastest-growing pay-TV provider, increased revenues by more than 3 per cent to £434 million in the June quarter, compared with the same period last year. TalkTalk […]

Verizon speed boost for content sharing

Recognising that people are sharing content on the Internet more than ever, with the trend expected to continue, US telco Verizon has confirmed that its FiOS residential customers will receive upload speeds that match their download speeds, making it easier and faster to share. This speed upgrade is free to current customers, and comes at a time when people are […]

Senator urges close scrutiny of AT&T/DirecTV deal

US Senator Al Franken (D-Minn.) has urged key federal regulators to take a close look at AT&T’s proposed acquisition of DirecTV and determine if the deal is in consumers’ best interests. In a letter to the Federal Communications Commission (FCC) and the Department of Justice (DOJ), Franken asked the regulators to examine AT&T’s commitment to providing a standalone broadband Internet […]

Carlos Slim to slim down in Mexico

mexico_flag

Billionaire media mogul Carlos Slim is to sell down his assets in Mexico, including those of America Movil, in order to bring the total market share to below 50 per cent.  Slim risked further incurring the wrath of Mexico’s regulator which was preparing tough new rules designed to curb his expansion in the market, and regionally. America Movil runs cellular […]

Orange drops Bouygues bid

Orange has dropped its ambition to acquire smaller rival Bouygues Telecom’s SFR aftera failing to strike an acceptable deal. “Orange has examined the possibilities of participating in an operation that would lead to consolidation in the French telecoms market, and believes that it cannot pursue this avenue at the present time as the conditions that the Group has set have […]

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