Satellite operator Thaicom has reported its financial results Q1 2023. Thaicom’s net profit attributable to owner of the Company for the quarter was Baht 90 million (€2.44m), an increase from Q4 2022 where there was a net loss of Baht 439 million. The main reason was the reduction in net foreign exchange losses as the […]
The European Commission has announced an extension of 10 working days to its in-depth investigation of the proposed creation of a joint venture by Spanish telcos Orange and MásMóvil. The Commission is concerned that the transaction may reduce competition in the retail supply of mobile and fixed broadband services as well as of multiple-play bundles […]
Swisscom has reported that Q1 group revenue remained almost stable year-on-year at CHF 2,747 million, down 0.3 per cent, resulting in an increase of 0.6 per cent at constant exchange rates. In the Swiss core business, sales fell slightly by CHF 12 million to CHF 2.04 billion. Revenue from telecoms services decreased overall by 1.2 […]
Ofcom has published the latest figures for complaints the regulator has received about the UK’s major broadband, pay-TV providers, mobile and landline covering the period between October and December 2022. The data shows: Shell Energy continued to be the most complained-about broadband and landline provider, attracting more complaints about its service than in the previous […]
Canadian multiplay telco Rogers Communications and SpaceX have agreed to bring satellite-to-phone coverage nation-wide to ensure Canadians stay connected in areas beyond the limits of traditional wireless networks. Rogers and SpaceX will offer satellite-to-phone technology in Canada using SpaceX’s Starlink low earth orbit satellites and Rogers national wireless spectrum. The companies plan to start with […]
Swedish telco Telia Company has entered into a binding term sheet agreeing upon the key terms on which to sell 100 per cent of its operations and network assets in Denmark to Danish energy and telco group, Norlys, at an expected enterprise value of DKK 6.25 billion (€838m), on a cash and debt-free basis. The […]
The mergers and acquisitions (M&A) deal value in the global Tech, Media, and Telecom (TMT) sector totalled $754 billion (€686bn) in 2022, down 31 per cent from 2021, according to data and analytics company GlobalData. The number of M&A deals in the sector also dropped sharply by 39 per cent in 2022 as climbing inflation […]
Orange group revenues grew 1.3 per cent in the first quarter of 2023 (+€135 million) compared to Q1 2022 thanks to growth in retail services (+2.8 per cent or €219 million), fueled in particular by repricing in Europe and by the growth driver Africa which saw a sharp 9.1 per cent increase in revenues (+€141 […]
Telia, the Swedish multinational telco, has reported that Q1 2023 revenue increased 5.7 per cent to SEK 23,069 million (€2.02bn) and like for like, revenue increased 3.7 per cent. Service revenue increased 3.8 per cent to SEK 19,444 million and like for like, service revenue increased 1.9 per cent. For the Telco operations, service revenue […]
More than half of low-income UK households are in the dark about bargain broadband deals that could save them around £200 (€226) a year, with just 5 per cent of eligible households signed up to a discounted package, according to research from comms regulator Ofcom. These special offers, known as social tariffs, are available to […]