Vodafone sees no remaining value in Indian operation
Vodafone now values its investment in its troubled Indian operations at zero and warns that the outfit is in need of more cash from its lenders.
Telecoms.com
Category: Financial results
Telefónica talks up debt management following mixed Q1
Spanish telco group Telefónica has confirmed its 2023 guidance after reporting solid first quarter revenue growth.
Deutsche Telekom lowers debt and raises guidance in strong Q1
DT has inched up its earnings guidance for the full year on the back of a strong performance in the US, while closer to home its recent towers sale sliced billions of euros from its debt pile.
Cellnex cheers organic growth as investor reshapes board
Cellnex’s revenues are on the up, suggesting its new organic growth strategy is paying off, while its major shareholder is getting its feet under the table at board level.
Nokia Q1 23 – similar story to Ericsson but more diversified
Finnish kit vendor Nokia shared its main competitor’s reliance on India in the first quarter of this year but its risks are more spread out.
Ericsson treads water in choppy Q1 seas as it relies ever more on India
Growth remained elusive for Swedish kit vendor Ericsson in the first quarter of this year, while a geographic shift to India depressed margins.
The Telecoms.com Podcast: media tech, Open RAN and Huawei
The pod is delighted to welcome back media technology Analyst Ed Barton this week. Following a refreshingly short preamble, they get straight into Ed’s area of expertise, which includes tangents onto video streaming, social media and AI Armageddon. They then reflect on a day out Iain and Scott had with Rakuten Symphony before concluding by reviewing Huawei’s recent annual report.
Huawei profits plunge as former CFO takes top job
Chinese telecoms vendor Huawei has revealed a 69% fall in profit for 2022, which it blames largely on ‘non-market factors’.
Vodafone Germany to shed 1,300 jobs
It is beginning to look like telecoms is falling into line with the tech sector when it comes to the axe-wielding.
Apple, Amazon and Google feel the heat in Q4
Three of Silicon Valley’s juggernauts posted some less than celebratory Q4 2022 results, revealing a gear shift from the boom times many aspects of Big Tech experienced during the pandemic.
BT posts Q4 revenue drop amid ‘challenging economic backdrop’
Consumer revenues were down 6% and revenues for BT Group as a whole were down 3% in the last quarter of 2022 but the incumbent says it is building out fibre ‘like fury.’
Data breach takes the sheen off T-Mobile’s strong financials
T-Mobile US posted a solid set of results this week, but it hasn’t all been plain sailing.
More gloom at Vodafone as service revenue slides in Europe
Vodafone’s interim CEO Margherita Della Valle had the unenviable task on Wednesday of delivering a disappointing set of quarterly financials.
Verizon confirms climb-down from C-band capex peak
Verizon will spend less this year than it did in the past two, having passed the peak of 5G investment, it confirmed at its full-year results announcement this week.
Vodafone to cut €1 billion in costs and raise prices due to economic headwinds
Vodafone on Tuesday revealed hefty cost-cutting measures to help mitigate the impact of the worsening economic climate, as well as reducing its full-year earnings and cash flow guidance.
Cellnex goes organic as Hutch deal closes
Cellnex Telecom is putting its wallet away following the long-awaited completion of its UK towers deal, focusing instead on organic growth and boosting its credit rating.
Amazon’s weak outlook adds to cloud pessimism
US internet giant Amazon was the last of the ‘hyperscalers’ to deliver their quarterly numbers and they did little to lift the general gloom.
Huawei returns to growth
Chinese tech giant Huawei has announced its revenues for the first three quarters of the year, which indicate a return to growth.
Investors lose faith in Meta’s gambling habit
The company formerly known as Facebook took another big hit to its share price as the cost of its pivot to the metaverse hit home.
Big tech stocks hit as Microsoft warns of cloud slowdown
Microsoft and Alphabet (Google) both took a share price hit as the former warned it expects growth from its Azure cloud division to decline next quarter.
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