& cplSiteName &

Euronews: France Telecom Profits Slip in 2011

Paul Rainford

Orange (NYSE: FTE), Deutsche Telekom AG (NYSE: DT) and Yota top the bill in today's trot through the EMEA telecom headlines.

  • France Telecom's full-year results show numbers were down in 2011, with revenue falling 1.6 percent to €45.3 billion (US$60 billion) and EBITDA (earnings before interest, tax, depreciation and amortization) down 4.8 percent year-on-year to €15.1 billion ($20 billion). Oddly, given the country's current financial woes, Spain provided one of the bright spots on the balance sheet, with a 4.5 percent rise in revenues year-on-year. (See France Telecom Profits Down 4.8% in 2011, Euronews: France Telecom to Sell Euro Assets, Euronews: France Telecom Outlines Masterplan and France Telecom Battles Through 2010.)

  • Deutsche Telekom group CTO Olivier Baujard has left the company, Light Reading has learned. His resignation follows the departure of another high-level exec, chief technology and innovation officer Edward Kozel, at the end of last year. Baujard's interim replacement is Dr. Bruno Jacobfeuerborn, director of technology at Telekom Deutschland GmbH . (See Euronews: Shareholders Turn On AlcaLu CEO.)

  • Russian wireless operator Yota is planning to switch 300,000 WiMax services customers to Long Term Evolution (LTE) overnight in April rather than let them migrate over time as originally planned. (See Yota Switches LTE Tactics.)

  • Spanish giant Telefónica SA (NYSE: TEF) is selling its stake in satellite company Hispasat for €124 million (US$164 million), reports Bloomberg, as part of a plan to chip away at its €55.43 billion ($73.37 billion) debt pile. (See Euronews: Layoff Costs Tear Into Telefonica's Q3 and Telefonica Restructures, Creates New Units.)

  • Following the Great Indian Mobile License Debacle that resulted in Uninor , the Telenor ASA (Nasdaq: TELN)/Unitech joint venture, losing all 22 of its licenses, the Nordic operator is to ditch its Indian partner, reports Reuters. Telenor accused Unitech of "fraud and misrepresentation," while for its part Unitech said Telenor's decision was "shocking." (See IndiaWatch: Telenor to Sever Ties With Unitech, India in Shock as 122 Licenses Canceled and India: Never a Dull Moment.)

  • EE , the joint venture between T-Mobile (UK) and Orange UK , is planning a return to the bonds market this year to raise funds for the U.K.'s long-awaited 4G spectrum auction, reports the Financial Times. — Paul Rainford, Assistant Editor, Europe, Light Reading

    (0)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Featured Video
    From The Founder
    Ngena's global 'network of networks' solves a problem that the telecom vendors promised us would never exist. That doesn't mean its new service isn't a really good idea.
    Flash Poll
    Upcoming Live Events
    March 28, 2018, Kansas City Convention Center
    April 4, 2018, The Westin Dallas Downtown, Dallas
    April 9, 2018, Las Vegas Convention Center
    May 14-16, 2018, Austin Convention Center
    May 14, 2018, Brazos Hall, Austin, Texas
    September 24-26, 2018, Westin Westminster, Denver
    October 9, 2018, The Westin Times Square, New York
    October 23, 2018, Georgia World Congress Centre, Atlanta, GA
    November 7-8, 2018, London, United Kingdom
    November 8, 2018, The Montcalm by Marble Arch, London
    November 15, 2018, The Westin Times Square, New York
    December 4-6, 2018, Lisbon, Portugal
    All Upcoming Live Events
    Hot Topics
    Dell CTO: Public Cloud Is 'Way More Expensive Than Buying From Us'
    Mitch Wagner, Mitch Wagner, Editor, Enterprise Cloud, Light Reading, 3/19/2018
    Eurobites: Cambridge Analytica Feels the Heat
    Paul Rainford, Assistant Editor, Europe, 3/20/2018
    Is Business Voice Rapidly Fading?
    Carol Wilson, Editor-at-large, 3/15/2018
    HR: Cable Dominates US Broadband
    Carol Wilson, Editor-at-large, 3/21/2018
    Animals with Phones
    Live Digital Audio

    A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

    Like Us on Facebook
    Twitter Feed