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Friday, May 14, 2010

Financial Times

DEUTSCHE TELEKOM SUFFERS US CLIENT LOSSES
Deutsche Telekom’s US mobile subsidiary T-Mobile USA, lost 77,000 customers in the first quarter as it wrestled with Verizon Wireless and AT&T. T-Mobile reported revenue of EUR3.8 billion for the first quarter, down 7.8 percent from the same period last year, due currency fluctuations in addition to the customer losses. Adjusted EBITDA fell five percent to EUR1 billon. The German group’s results were above analysts’ expectations. First-quarter evenue was EUR15.8 billion, a 0.6 percent decline from a year ago. Adjusted EBITDA rose 1.6 percent to EUR4.9 billion. Net profit was EUR767 million compared with a EUR1.1 billion loss in the first quarter of 2009, which was partly the result of a large impairment charge on T-Mobile UK.
 
Financial Times 
AMÉRICA MÓVIL LAUNCHES USD22 BN TENDER OFFER FOR CARSO GLOBAL AND TELMEX
América Móvil has announced a tender offer for Carso Global Telecom and Telmex International in a deal valued at USD21.8 billion. Carso Global Telecom, of which Carlos Slim owns 82.7 percent, and Telmex International, 60.7 percent of which is controlled by Carso Global Telecom, would both be delisted under the deal, writes FT.
 
Financial Times
TALKTALK TARGETS FURTHER MOMENTUM
TalkTalk Telecom said it had added 144,000 new customers in the final quarter of its fiscal year to March, up from 115,000 in the third quarter. The broadband provider said it has ruled out building fiber-optic infrastructure to rival BT and Virgin Media.

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