The external auditor of BT has issued an “adverse opinion” on the company’s internal financial reporting controls. KPMG wrote that “BT did not maintain effective internal control over financial reporting as of March 31, 2020 (19-20 FY) because of . . . material weaknesses related to general IT controls and risk assessments”. Rachel Canham, company […]
Cisco, Huawei, and Nokia’s revenue shares for the overall telecom equipment market declined in Q1 2020 relative to full-year 2019 revenue shares according to a Dell’Oro Group report. Stefan Pongratz, VP and Analyst at Dell’Oro Group, commented: “We just wrapped up the 1Q20 reporting period for all the Telecommunications Infrastructure programmes covered at Dell’Oro Group. […]
Just days after the launch of Virgin Telco, Euskaltel has posted strong financial results for the first quarter of the year. The company increased its EBITDA by 8.1 per cent, reduced its debt and returned to growth in terms of revenues. Euskaltel increased its revenues by 0.1 per cent on the same period last year […]
Investment houses KKR, Cinven and Providence have made an agreed €2.96bn bid for Spanish multiplay telco MásMóvil, representing the first such European buy-out attempt by private equity firms since the onset of the Coronavirus crisis. According to the three PE companies, holders of 29.56 per cent of MásMóvil’s stock had already agreed to sell for […]
Samsung France and Bouygues Telecom have announced the launch of the new Bbox Smart TV offer in France. The offer eliminates the need for a TV decoder in favour of the B.TV + app directly installed into a Samsung 4K Smart TV. Customers will find Bouygues Telecom services there and can also benefit from Samsung […]
Virgin Media won’t reopen its 53 UK retail stores when lockdown ends. The company say the 341 staff will be offered alternative posts – many as home-based customer care. Virgin Media had already cut down the number of stores it operates in the UK from 140 in 2016. In March, Virgin Media moved to employ […]
According to research from actionable intelligence firm The Diffusion Group (TDG), 7 per cent of US broadband households upgraded their service in April 2020, a rate that varies dramatically relative to the number of children under 18 living at home. Only 4 per cent of broadband households without children under 18 at home upgraded their […]
Germany’s Tele Columbus has reported flat year-on-year turnover of €115 million for the first quarter. But EBITDA was up 17 per cent to €55.5 million on lower non-recurring costs. Declines in TV subscribers were compensated by an increase in B2B revenue. Tele Columbus, which operates under the PŸUR brand, had 2.184 million cable TV subscribers, […]
Virgin Telco, Euskaltel’s brand for Spanish expansion, has launched its offer with ‘flexible’ and à la carte packages at low-cost prices from €6 to €89 a month, including all premium services. Subscribers can take just the mobile service with 20Gbytes at €6 a month or with unlimited data for €29 a month. If interested in […]
Virgin Telco will be the brand name of the new operator that will extend Euskaltel’s service across Spain. The Basque-country-based company, owned by UK’s Zegona, has announced the new brand which, will initially have access to some 13 million homes in the country, with plans to eventually reach 18.4 million households. Virgin Telco will take […]