Light Reading
Also in today's EMEA roundup: New probe at Telekom Austria; Swisscom on the slide; Virgin launches 'TV Anywhere'

Euronews: Merger Charge Hits DT's Q3

Paul Rainford
11/8/2012
50%
50%

Deutsche Telekom AG (NYSE: DT), Telekom Austria AG (NYSE: TKA; Vienna: TKA) and Swisscom AG (NYSE: SCM) lead the charge in today's assault on the EMEA headlines.

  • A €7.4 billion (US$9.4 billion) impairment charge relating to the planned merger of its T-Mobile US Inc. subsidiary to MetroPCS Inc. (NYSE: PCS) was chiefly responsible for lumbering Deutsche Telekom with a €6.9 billion ($8.7 billion) net loss in its third quarter financials. Discounting special items such as this, EBITDA (earnings before interest, tax, depreciation and amortization) were down 2.6 percent year-on-year at €4.78 billion ($6.1 billion), which was slightly better than analysts expected in a Reuters poll. (See Deutsche Telekom Loses €6.9B in Q3, T-Mobile in Talks to Buy MetroPCS and MetroPCS Investors Try to Block T-Mobile Deal.)

  • A fresh whiff of scandal surrounds Telekom Austria, where CEO Hannes Ametsreiter and former company officials are being investigated on suspicion of breach of trust, reports Reuters. The case centers, rather bizarrely, on what happened to the €1.4 million ($1.8 million) paid as Telekom Austria's rental of a Vienna theater to host public viewings of the 2008 European soccer championships. (See Telekom Austria Probes Huawei Deals and Telekom Austria Cites IPO Irregularities.)

  • Swisscom has revised its full-year EBITDA forecast for 2012 slightly downwards following a year-on-year 9.2 percent fall in net income from January to September. Net income for the first nine months reached 1.38 billion Swiss Francs ($1.45 billion), on revenues down 1.3 percent at CHF8.42 billion ($8.88 billion). (See Swisscom Makes CHF1.38B Profit Jan-Sept and Swisscom Announces Job Losses (& Gains).)

  • U.K.-based cable operator Virgin Media Inc. (Nasdaq: VMED) has launched Virgin TV Anywhere, an IPTV-on-the-go service available to view on laptops, tablets and smartphones. However, it only works with a fixed broadband or Wi-Fi connection, not 3G, so maybe "anywhere" is stretching it a bit. (See Virgin Launches TV Anywhere Service.)

  • Cable & Wireless Communications plc (London: CWC), the London-based operator with operations in the Caribbean and other sunny climes, saw its first-half EBITDA rise 2 percent year-on-year to $445 million, reports Reuters, despite a continuing decline in voice revenues.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (0)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View
    Educational Resources
    sponsor supplied content
    Educational Resources Archive
    Flash Poll
    LRTV Huawei Video Resource Center
    Sales Director of INIT on Plug & Play Switch Devices

    9|19|14   |   3:21   |   (0) comments


    INIT Italy uses both the Huawei S5700 and S7700 series switches for the campus LAN environment. Sales Director Andrea Curti says their company chose these Huawei devices over others because of their performance, flexible scalability and plug-and-play features.
    LRTV Huawei Video Resource Center
    Saudi Arabia Upgrades Vocational Training System

    9|19|14   |   3:31   |   (0) comments


    The Technical and Vocational Training Corporation (TVTC) has 100,000 students, 150 government-owned institutions and oversees 1000 private institutes. The CIO of TVTC explains that Huawei devices have allowed them to manage multiple datacenters using just one software program, scientifically tracking the progress of students and teachers, saving them millions.
    LRTV Huawei Video Resource Center
    Huawei's Media Solutions Are Here to Stay

    9|19|14   |   4:35   |   (0) comments


    The current media revolution requires rapid upgrades in technology. New formats (HD, 3D, 4K etc.) and the subsequent explosion of file sizes demand sophisticated network and storage architecture. Social media and the multiple distribution channels require a robust asset management system. Gartner analyst Venecia Liu speaks about the current technological trends in ...
    LRTV Huawei Video Resource Center
    Microgenesis on Huawei's Switches

    9|19|14   |   3:57   |   (0) comments


    Microgenesis is a solutions and system integrator company in the Philippines whose areas of expertise include data centers, networking and security products. In this video, Executive Director Jeffrey Choa talks to us about his customers needs and they benefit from using Huawei switches.
    LRTV Huawei Video Resource Center
    Network Solutions Help the Philippines Jump Ahead

    9|17|14   |   2:59   |   (0) comments


    In the past, the Philippines has under-invested in technology. Now, the CEO of Softshell talks about how Huawei products help the Philippines jump ahead as the economy improves.
    LRTV Huawei Video Resource Center
    VCS Observation for Safer Cities in the Netherlands

    9|17|14   |   5:20   |   (0) comments


    Holland's VCS Observation has been operating for 22 years. Its main goal is to get cities safer. CEO Wim van Deijzen tells us some of the challenges his company faces and how Huawei is helping to overcome these challenges.
    LRTV Huawei Video Resource Center
    A Conversation With Serbia's Ministry of Interior

    9|17|14   |   4:38   |   (0) comments


    At HCC 2014, the Assistant Minister of the Ministry of Interior of the Republic of Serbia talks to us about his projects and corporation with Huawei. Solutions like Safe City and E-Government and services like cloud computing are just some of the areas his department is interested in.
    LRTV Huawei Video Resource Center
    IHS Analyst Discusses eLTE at CCW 2014

    9|10|14   |   7:09   |   (0) comments


    Thomas Lynch, associate director of critical communications at IHS Technology, talks about broadband in critical communications.
    LRTV Huawei Video Resource Center
    TCAA on Huawei eLTE: A Broadband Solution for Mission-Critical Communications

    9|10|14   |   2:29   |   (0) comments


    At CCW2014 in Singapore, the TCCA's Phil Kidner talks about the importance of broadband data for critical communications.
    LRTV Custom TV
    Spotlight on Cisco: SDN for Optical Networks

    9|8|14   |   9:27   |   (0) comments


    Cisco's Greg Nehib talks OpenFlow and more on the 'Software-Defined Networking for Optical Networks' panel at the Big Telecom Event in June 2014.
    LRTV Custom TV
    Cisco's Evolved Programmable Network (EPN)

    9|8|14   |   4:05   |   (0) comments


    A look at the various demos Cisco showed at Light Reading's Big Telecom Event highlighting Cisco's EPN innovation and how SDN and NFV technologies are enabling a variety of new services.
    LRTV Huawei Video Resource Center
    The Future of Ultra-Broadband, With Kevin Kelly (UBBF2014)

    9|5|14   |   1:13   |   (1) comment


    If you think the technological changes we've seen up to now are astounding, just wait until you see what the future has in store. Discuss upcoming breakthroughs with Kevin Kelly, Founding Executive Editor of Wired Magazine, at the Huawei Ultra-Broadband Forum on September 24.
    Upcoming Live Events!!
    September 23, 2014, Denver, CO
    October 29, 2014, New York City
    November 6, 2014, Santa Clara
    November 11, 2014, Atlanta, GA
    December 2, 2014, New York City
    December 3, 2014, New York City
    December 9-10, 2014, Reykjavik, Iceland
    June 9-10, 2015, Chicago, IL
    Infographics
    A survey conducted by Vasona Networks suggests that 72% of mobile users expect good performance all the time, and they'll blame the network operator when it's not up to par.
    Today's Cartoon
    Vacation Special Caption Competition Click Here
    Latest Comment
    Hot Topics
    AT&T: We'll Bundle Fixed Wireless & DirecTV
    Mari Silbey, Independent Technology Editor, 9/15/2014
    New NFV Forum Focused on Interoperability
    Carol Wilson, Editor-at-large, 9/16/2014
    NFV & The Data Center: Top 10 Takeaways
    Sarah Reedy, Senior Editor, 9/18/2014
    Connecticut Cities Crowdsource Gigabit Nets
    Jason Meyers, Senior Editor, Utility Communications/IoT, 9/15/2014
    Pics: LR's Women in Telecom Breakfast
    Sarah Reedy, Senior Editor, 9/16/2014
    Like Us on Facebook
    Twitter Feed