TalkTalk shares climb after CEO departure announcement
The TalkTalk share price jumped around 8% on the news that CEO Dido Harding is stepping down after seven years in charge.
The TalkTalk share price jumped around 8% on the news that CEO Dido Harding is stepping down after seven years in charge.
TalkTalk delivered mixed news at its end of year financial report as the fixed operator continues to recover from last year’s hefty cyber attack, claiming impressive growth in its Business business.
BT has announced a major new investment plan to boost broadband speed and availability across the country and consequently stave off regulatory pressure over Openreach.
ZTE has posted a 23% revenue growth for its full-year 2015 results, pointing to growth in its international consumer business and carrier networking gear.
Huawei has posted year-end results showing impressive 33% YoY profit growth across the entire group, fuelled by the rise of its consumer devices business.
Chinese kit vendor Huawei has announced its first half 2015 sales results, laying claim to a growth in sales revenue of CNY 175.9billion ($28.32bn), an increase of 30% year-on-year.
Telecom Italia has posted its 2014 full year results showing the telco achieved profits for the first time in three years. This follows the operator’s recently announced three-year strategic plan, under which it plans to invest some €14.5 billion to modernise its network infrastructure.
Ericsson has reported its last quarter and full year results for 2014, revealing flat annual revenues across all of its business segments, and lower than expected Q4 sales. The Swedish equipment vendor said revenue growth was stalled by lagging North America sales.
Amid announcing disappointing second quarter results, Sprint has stated plans to cut operating costs by $1.5 billion including cutting the workforce by 2,000. The carrier, which reported an operating loss of $192 million, said it expects to save $400 million through the job cuts.
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