Category archives for: Telco

Vivendi picks Telefonica for GVT sale

Vivendi has picked Telefonica for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia. Telefonica will fold GVT into its Brazilian mobile phone carrier Vivo to create the country’s biggest telecom group. It will then use GVT’s pay-TV and broadband know-how and its broad network to chase higher-value customers and keep […]

BT price hikes are ‘football tax’

BT is set to impose a price increase of over 6 per cent on its home phone and broadband customers in a move that has already been called a “football tax” by some analysts. BT, who has 7.3 million home phone and broadband customers, said that from December 1st the cost of a BT landline – mandatory for phone and […]

Com Hem free broadband upgrades

com-hem

Com Hem has introduced a free upgrade to 50 Mbit/s for customers who currently have a lower broadband speed. With the upgrade, Com Hem says its minimum speed is now five times that offered by competitors. The company has also reduced the overall price level for most of its offering. Com Hem launches a new broadband portfolio as part of […]

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 […]

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