Ericsson is exploring strategic options for its media and IT cloud infrastructure hardware businesses as part of a new strategy unveiled by CEO Börje Ekholm.
The launch of Wind Tre in Italy pushed up Three Europe’s revenues and earnings last year, while the company’s UK arm said legal action was a possibility if the next spectrum auction didn’t go its way.
Vittorio Colao has described the $23.1 billion merger of Vodafone India and Ideal Cellular as a “pretty momentous” deal.
Finland’s Elisa has acquired part of IT network and data centre company Santa Monica Networks as it looks to strengthen its offering to enterprise customers.
Bouygues Telecom and Orange have denied another media report that they are engaged in merger talks.
Iliad said growth in the volume of mobile traffic on its own network pushed up profits in 2016, as its latest financials delivered more impressive figures.
Deutsche Telekom has posted surging annual revenues driven by “unabated growth” in the US, but its shareholding in BT saw profits slide.
Ericsson’s new CEO is “drinking through a firehose”, while Cisco’s CEO admitted employees are working “round the clock” to make the two vendors’ nascent partnership a success, discussions at Mobile World Congress have revealed.
Telia has called for an urgent meeting with the Prime Minister of Tajikstan claiming a delayed sale, unpaid debt and illegal tax claims has put a “severe financial strain” on its Tajik subsidiary Tcell.
VimpelCom said it is fighting back against “Silicon Valley upstarts” by reinventing itself as global tech company VEON providing a “revolutionary internet mobile platform” to hundreds of millions of customers.
Proximus’ international wholesale arm pushed overall revenues down last year, but the Belgium-based operator delivered on profit growth.
Telenor has agreed to sell its Indian operating company to Bharti Airtel for an undisclosed fee.
Bouygues Telecom posted a return to profit in 2016, finishing €83 million in credit, a €142 million swing from a year ago, when it posted a full-year loss of €59 million.
Telefónica posted net profit of €145 million in the fourth quarter of 2016, up from a loss of €2.2 billion in the same period a year ago.
New Zealand’s Commerce Commission has blocked the proposed merger of Vodafone and Sky Network Television on competition grounds.
Orange saw sales grow 0.6 percent last year, after falls in 2014 and 2015, as the sale of its stake in EE led to a double-digit increase in profits.
Telefónica has sold a 40 percent stake in its Telxius arm to private equity firm KKR for €1.275 billion.
Liberty Global boss Mike Fries hailed the performance of the company’s European opcos as they sold just shy of one million new services last year.
Nokia is set to acquire Comptel for €347 million as it bids to boost its software offering.
Swisscom met its 2016 financial targets as the performance of its Fastweb business shone.
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