Archive for the telecom Category

It may have taken more than a decade, but one of Britain’s more obscure telecoms companies has finally started to deliver on its promises, reporting its best quarterly performance since the tech boom. Colt Group increased its revenue in the first quarter by more than 5 per cent to €397 million (£324 million). Operating profit also rose by 5 per cent to €81 million. Most surprising was that this was driven by growth in voice revenue, which has been in steady decline for years. Colt has introduced a new platform

The walking wounded from the eurozone debt crisis are trickling into the emergency room. Among them are Europe’s telecommunications companies. The further south the company – mirroring the eurozone crisis – the greater the threat to total shareholder payouts as regulatory demands, market share loss, infrastructure investment and deteriorating economies erode profits. The glory days of Europe’s telecoms providers as cash-rich, utility-like behemoths may be over. Telefónica is a good example. Spain’s incumbent has been a freewheeling payer of dividends. In 2003 it paid €0.25 a share; by 2011 this

According to a recent article in the FT, Hutchison Whampoa, the Hong Kong conglomerate controlled by billionaire Li Ka-shing, has made a €2bn ($2.6bn) bid for Eircom, the Irish phone company that recently underwent the biggest corporate bankruptcy in Ireland’s history. Eircom received court protection in late March to restructure its €4.1bn of gross debt, in a process known in Ireland as examinership, which protects the group’s assets from creditors for up to 100 days while it tries to restructure. This offer follows hot on the heels of Vodafone’s bargain

Tata withdraws from C&W bid leaving just Vodafone left in the running who have asked for more time to evaluate the deal.   This doesn’t look good for C&W at all and shre price has already suffered.