BT Group fined record £42mln by Ofcom over Openreach broadband installation delays
Ofcom has fined BT Group £42mln for breaching rules that abused its market power as the owner of network division Openreach
Sector
Telecommunications
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Ofcom calls on broadband providers like BT Group to give customers ‘instant’ compensation
A total of £185mln of compensation could be paid out to UK customers, Ofcom said.
Frontier Communications big loser on Nasdaq on Goldman downgrade
The broker is concerned that the group's weakening fundamentals may cause it to suspend its divi payment after the first quarter payout.
BT’s Plusnet fined by Ofcom for overcharging customers
"This fine should serve as a reminder to telecoms companies that they must adhere to Ofcom's billing rules at all times, or face the consequences.”
Satellite Solutions sees revenues and customers triple in 2016
Revenues, underlying earnings and cash in the bank all came in ahead of market expectations
BATM Advanced Communications Limited lands US$2.8mln Kenya contract
It will upgrade the network infrastructure to increase bandwidth capacity so the client can expand the service offering.
Vodafone grabs India's telecoms tiger by the tail in merging its operations with rival Idea Cellular
More than 10 telecom operators are battling it out to try and attract India's one billion mobile users, forcing firms to keep tariffs low, significantly impacting their profitability
Vodafone confirms plans to create biggest telecoms player in India with merger of its business with Idea
The combined company will have nearly 400 mln customers, a 35% customer market share, and 41% revenue market share.
Flexiroam teams with ride-hailing platform Grab
Flexiroam offers globally unified mobile voice and data roaming.
AT&T's merger with Time Warner receives approval from European regulator
The European regulator has given the thumbs up to AT&T's planned merger with Time Warner but the deal still needs approval from the US Department of Justice
Profit-takers trim back BT shares after Openreach deal boost; brokers stay positive
In a note to clients published today, analysts at Barclays Capital reiterated its ‘overweight’ stance on BT Group with an unchanged price target of 475p.
Department 13 International demonstrates counter-drone product
Increased worldwide drone activity is creating security challenges.
BT's separation from Openreach seen as positive for investor sentiment
BT has agreed to separate from Openreach but will still retain assets, begging the question of whether it gives the network true autonomy
BT nabs Rio Tinto’s chairman
Jan du Plessis is to step down as chairman of the mining giant as he assumes a new position on the board of BT
BATM Advanced Communications set for a return to growth, broker says
BATM, which operates in the telecoms and biomedical sectors, is predicted to post revenues of US$100mln, up from US$90.4mln in 2016, with EBITDA rising to US$4.1mln from US$100,000.
BT offers lower growth than peers, says Goldman Sachs as it makes downgrade call
Shares in BT have climbed more than 10% in the wake of its earnings alert in mid-January
Inmarsat sees revenues jump despite earnings slump in its biggest division
Maritime earnings make up almost half of Inmarsat’s total revenues, but they were down for the second year in a row
BATM Advanced Communications strikes upbeat note
On revenues of US$90.4mln the company generated underlying earnings (EBITDA) of US$2.8mln with the gross margin remaining steady at just over 31%.
Snap Inc continues to lose value on fourth trading day
Snap's investors will be hoping to see its shares reverse yesterday's decline as it enters its fourth day of trading
BATM lands US$2.5mln order for world’s first mobile agri-waste treatment unit
Chief executive Zvi Marom said: "We are very pleased to have received this significant order for our mobile agri-waste treatment solution from such a major customer."