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Telenor organic growth slows in Q2, maintains FY outlook

2018-07-17 08:49:00| Telecompaper Headlines

(Telecompaper) Telenor said its underlying sales growth slow in the second quarter but maintained its full-year outlook for growth. On an organic basis, subscription and traffic revenues increased by 0.4 percent in Q2, compared to 1 percent growth in Q1 and a full-year forecast for 1-2 percent growth. Total reported revenues were still down 3 percent to NOK 27.485 billion, hurt by negative currency effects.


Telia buys Get and TDC Norway for NOK 21 billion

2018-07-17 08:25:00| Telecompaper Headlines

(Telecompaper) Telia Company said it has agreed to buy Get TDC Norway from Danish operator TDC at an enterprise value of NOK 21 billion on a cash and debt-free basis, which will result in a comprehensive supplier and a challenger in the market. The announcement comes shortly after TDC Group was taken over by a consortium of pension funds and Macquarie Infrastructure and Real Assets and decided to split up its Danish operations into network and services arms.


Netflix Q2 results disappoint on slowdown in subscriber growth

2018-07-17 08:16:00| Telecompaper Headlines

(Telecompaper) Netflix added 5.15 million new streaming subscribers in the second quarter, for a total base of 130.14 million at the end of June. The growth was less than the company's forecast for 131.2 million customers in June, and Netflix's share price fell 14 percent in after-hours trade. 


France announces 5G roadmap

2018-07-16 16:44:00| Telecompaper Headlines

(Telecompaper) French regulator Arcep has published a document highlighting its priorities to prepare the country for the launch of 5G services, as part of a roadmap agreed with the government. The work programme is sponsored by secretaries of state Mounir Mahjoubi and Delphine Geny-Stephann, who are in charge of digital affairs and economic affairs, respectively. Among the main targets set in roadmap, France will allocate new 5G frequencies and ensure a commercial rollout in at least one major city by 2020, while the main transport routes will be covered by 2025.

Tags: france announces roadmap france announces


MTN sells Cyprus unit to Monaco Telecom for EUR 260 mln

2018-07-16 11:01:00| Telecompaper Headlines

(Telecompaper) MTN Group has agreed to sell its Cyprus unit to Monaco Telecom for about EUR 260 million. MTN Cyprus is MTN's only operating business in the EU, and was acquired as part of MTN Group's acquisition of telecoms holding company Investcom in 2006. It falls outside the group's core footprint of Africa and the Middle East.

Tags: eur unit telecom monaco


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