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Italy fines Apple EUR 10 million for 'misleading' water resistance claims

2020-11-30 09:23:00| Telecompaper Headlines

(Telecompaper) Italian antitrust watchdog AGCM has fined Apple EUR 10 million for using "misleading and aggressive" commercial practices to sell its iPhones in the country. Specifically, the regulator accused the company of claiming that several iPhone models (the iPhone 8, iPhone 8 Plus, iPhone XR, iPhone XS, iPhone XS Max, iPhone 11, iPhone 11pro and iPhone 11 pro Max) were water-resistant without clarifying they were only so under certain controlled circumstances, namely in "laboratory tests conducted with the use of static and pure water."

Tags: water eur million italy


Masmovil adds over 500,000 clients in Q3, profits up 27% to EUR 152 mln

2020-11-23 16:01:00| Telecompaper Headlines

(Telecompaper) Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported service revenues up 20 percent year on year to EUR 1.27 billion in the first 9 months of the year after adding over 500,000 customers in the third quarter alone. Recurring 9-month EBITDA was up 27 percent year on year to EUR 428 million and also rose by 27 percent in the third quarter to EUR 152 million, with the quarterly EBITDA margin rising to 31 percent. The operator, which has recently been acquired by the Lorca Telecom consortium of buyout funds KKR, Cinven and Providence, described the results as "solid" and "in line with forecasts" in spite of the special circumstances arising from the pandemic.

Tags: to eur clients adds


Orange to recover EUR 2.2 bln in tax after favourable court ruling

2020-11-16 09:29:00| Telecompaper Headlines

(Telecompaper) Orange said that it is set to recoup a payment made to the French tax office in 2013, after the country's supreme court (Conseil d'Etat) ruled in its favour, ending a long-running tax dispute. Including interest, the company expects to receive a sum of around EUR 2.2 billion, which will not be subject to tax.

Tags: eur tax court orange


Cellnex acquires Hutchison's European tower unit for EUR 10 bln

2020-11-12 13:44:00| Telecompaper Headlines

(Telecompaper) Spanish infrastructure operator Cellnex has agreed to acquire the European tower business of CK Hutchison, parent company of mobile operator 3 Group, for a total consideration of EUR 10 billion, confirming recent reports. The transaction is the largest in the history of Cellnex, boosting its towers footprint by around 40 percent beyond 100,000 sites and allowing it to enter new markets including Austria, Denmark and Sweden while consolidating its foothold in Italy, the UK and Ireland.

Tags: eur unit european tower


Nos Q3 telecom revenues down 1% to EUR 342 million, total RGUs up 3%

2020-11-06 15:26:00| Telecompaper Headlines

(Telecompaper) Portuguese operator Nos reported a 1.4 percent annual drop in telecom revenues during Q3 to EUR 341.7 million and EBITDA declined by 1.0 percent to EUR 155.5 million, giving an EBITDA margin of 45.4 percent (+0.2%). Telco capex dropped 11.2 percent to EUR 79.4 million, resulting in operating cashflow (EBITDA-capex) down 21.9 percent to EUR 62.8 million.

Tags: up total nos eur


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