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Weekly news summary: BT suspends dividend, as O2 and Virgin Media UK plot a merger

2020-05-11 09:24:00| Telecompaper Headlines

(Telecompaper) Earnings news in the past week was more about changes to guidance than the results themselves, with the Covid-19 lockdowns setting in globally only in March. Companies with media exposure, including telecoms companies such as Nos, appear to be hurt more than others. BT stood out, as it suspended its dividend in favour of rolling out fibre networks. In other telecoms news, two more 5G networks commercially launched. The most important news of week 19 was the planned merger of O2 and Virgin Media in the UK.

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Waste Management Suspends its Business Outlook Due to COVID-19

2020-05-08 14:18:00| Waste Age

Theres no crystal ball for Waste Management amid the COVID-19 crisis.  Big business is coming back slowly. However, the next steps with small businesses such as boutique hotels and restaurants are still difficult to predict. Waste Management d

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BT increases fibre network build target, suspends dividends on Covid-19 impact

2020-05-07 11:17:00| Telecompaper Headlines

(Telecompaper) BT Group has announced a rapid acceleration of its FTTP network build, setting a new target of reaching 20 million premises by mid-to-late-2020s, with a significant build in rural areas. This will be supported by a GBP 12 billion investment spend. The announcement was made as BT reported revenue of GBP 22.90 billion for the year to 31 March 2020, down 2 percent (reported basis) on the impact of regulation, declines in legacy products, strategic reductions in low-margin business and divestments. 

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BT suspends 2.5bn dividend in wake of pandemic

2020-05-07 02:00:00| Total Telecom industry news

Last month, Orange became the first major operator to cut its dividend, reducing by 30% in the wake of coronavirus-related losses. Now, BT has announced that it will go one step further, scrapping both the last £1 billion dividend of 2019, as well as those of the coming financial year, projected to be worth around £…read more on TotalTele.com »

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Indiana Packers Corporation suspends operations in Delphi

2020-04-25 13:40:00| National Hog Farmer

To date, IPC has had a total of 15 confirmed COVID-19 positive cases.

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