& cplSiteName &

Euronews: Telefónica to Flatline, Says S&P

Paul Rainford
10/4/2012
50%
50%

Telefónica SA (NYSE: TEF), Telekom Austria AG (NYSE: TKA; Vienna: TKA) and Telia Company are the big fish in today's trawl through the EMEA headlines.

  • The latest guidance issued by Standard & Poor’s for Telefónica does not make encouraging reading for the Spanish giant. "We anticipate high-single-digit drops in domestic revenue in 2012-2014 and overall low-single-digit declines in the rest of Europe, dragged down by intense price competition, particularly in the U.K.," says the ratings agency, though it does add that these will be offset by "more buoyant" Latin American markets, resulting in "flat consolidated revenues in 2012-2014." And just to confirm that times are indeed hard for los madrileños, Bloomberg reports that Telefónica is trying to sell two of its four private jets, possibly raising around $45 million for the cause. (See Telefónica Plans Regional IPOs and Euronews: Layoff Costs Tear Into Telefonica's Q3 .)

  • Three former Telekom Austria managers have been charged with share price manipulation by the Vienna prosecutors, reports Reuters, following a long-running probe into alleged corruption at the carrier. (See Telekom Austria Cites IPO Irregularities.)

  • TeliaSonera has appointed Mannheimer Swartling, a Swedish law firm, to investigate whether the Nordic operator's purchase of a 3G license in Uzbekistan involved any corruption or money laundering. The deal was the subject of a TV program in Sweden, which alleged that the transaction did not bear close scrutiny. (See TeliaSonera Launches Uzbek Review and Euronews: TeliaSonera Denies Bribery.)

  • British network planning and capacity management software systems specialist Aria Networks Ltd. has raised $1.1 million in a new round of funding that wil help it expand into Asia/Pacific and North America. The Service Provider Information Technology (SPIT) vendor has won several Tier 1 carrier customers and claims to have been profitable during its most recent full financial year. (See Aria Raises Fresh Funding, Verizon, Aria Eye Network Future and Aria Tackles NGN Capacity Planning.)

  • The U.K.'s U.K. Department for Culture, Media and Sport has sacked a consultant for leaking contract details that suggest BT Group plc (NYSE: BT; London: BTA) is inflating its charges to local councils for rolling out the country's high-speed broadband network, claims The Guardian. Mike Kiely, who had been acting as a broadband development consultant to the government department since 2010, sent a document to councils which revealed that prices for the installation of individual fiber cabinets, which could be as high as £30,000 ($48,000), included central and labor costs that were too high.

  • EE has confirmed that it is launching LTE services in the U.K. on Oct. 30, under the EE branding. In preparation for the great day, it has started selling three "4G-ready" phones, Samsung Corp. 's Galaxy SIII LTE, High Tech Computer Corp. (HTC) (Taiwan: 2498)'s One XL and Huawei Technologies Co. Ltd. 's Ascend P1 LTE, with a fourth, the Samsung Galaxy Note II LTE, to follow on Oct. 15. (See EE's 4G Phones Go on Sale, EE Names the 4G Day, Euronews: Will UK Fast-Track 4G Auction? and Brits Braced for 4G .)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (0)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Educational Resources
    sponsor supplied content
    Educational Resources Archive
    Light Reading’s Upskill U is a FREE, interactive, online educational resource that delivers must-have education on themes that relate to the overall business transformation taking place in the communications industry.
    NEXT COURSE
    Wednesday, September 14, 1:00PM EDT
    What Is Agile?
    Kent J. McDonald, Product Owner, Agile Alliance
    UPCOMING COURSE SCHEDULE
    Friday, September 16, 1:00PM EDT
    How to Implement Agile
    Alan Bateman, Director, Agile Transformation
    Wednesday, September 21, 1:00PM EDT
    What Is DevOps?
    Colin Kincaid, CTO, Service Provider, Cisco
    Friday, September 23, 1:00PM EDT
    How to Implement DevOps
    ,
    in association with:
    From The Founder
    Light Reading today starts a new voyage as part of a larger Enterprise.
    Flash Poll
    Live Streaming Video
    Charting the CSP's Future
    Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
    Between the CEOs
    CEO Chat: UXP's Gemini Waghmare

    8|26|16   |     |   (0) comments


    Light Reading CEO Steve Saunders and UXP Systems CEO Gemini Waghmare discuss the strategic importance of digital identity for operators in the midst of transformation.
    LRTV Custom TV
    F5 Virtual Network Function Integrations With Partner Orchestration Platform

    8|24|16   |   6:38   |   (0) comments


    F5's Kishore Patnam, product manager for F5's service provider solutions, discusses why service providers are moving towards virtualization and how his clients are utilizing F5's solutions.
    Between the CEOs
    CEO Chat: Intel's Alexis Black Bjorlin

    8|17|16   |   06:23   |   (0) comments


    Join us for an in-depth interview between Steve Saunders of Light Reading and Alexis Black Bjorlin of Intel as they discuss the release of the company's Silicon Photonics platform, its performance, long-term prospects, customer expectations and much more.
    Telecom Innovators Video Showcase
    Accelerating Telecom Digital Transformation With Nominum DNS

    8|1|16   |   12:04   |   (0) comments


    Light Reading's Steve Saunders gets an update from Nominum CEO Gary Messiana on how his company is helping carriers on the digital transformation journey.
    LRTV Custom TV
    Reinventing Operations for a Virtual, Software-Defined World

    7|28|16   |   5:23   |   (0) comments


    Heavy Reading Senior Analyst Jim Hodges speaks with Accenture's Larry Socher and Matt Anderson about what service providers must do to transform their business to get the benefits of SDN and NFV including: leveraging DevOps, introducing real-time OSS and implementing analytics.
    Women in Comms Introduction Videos
    Fujitsu Sales Leader Shares Lessons Learned

    7|27|16   |   5:12   |   (1) comment


    As Fujitsu's only female sales leader, Annie Bogue knows the importance of asking for what you want, being flexible (she's been relocated five times), keeping a meticulous calendar, 'leaning in,' working harder than everyone else around you, being aware and more.
    Telecom Innovators Video Showcase
    VeEX Test & Measurement Solutions

    7|25|16   |   08:57   |   (0) comments


    Cyrille Morelle, president and CEO of VeEX Inc., talks test and measurement with Light Reading's Steve Saunders at BCE 2016. This includes innovative products such as VeSion Cloud-Based platform for network monitoring; MTTplus Modular Test platform for Access, Business, Carrier Ethernet, Transport and Core services; and OPX-BOX+ for Fiber Optics.
    LRTV Custom TV
    VeEX: Live From BCE 2016

    7|25|16   |   03:20   |   (0) comments


    VeEX's Senior Director of Business Development, Perry Romano, explains how VeEX provides tools to help install, maintain, monitor and manage network infrastructure efficiently and effectively. The portfolio of products on display include the RXT-6000, MTTplus and TX300s.
    LRTV Custom TV
    Real-Time Telemetry & Analytics for Intelligent SDN Orchestration

    7|25|16   |   03:09   |   (0) comments


    Packet Design CEO Scott Sherwood discusses how real-time network telemetry and analytics are enabling a new breed of SDN orchestration applications.
    From the Founder
    The Russo Report: Driving Disruption

    7|25|16   |   07:44   |   (2) comments


    In the first episode of a four-part series, Light Reading Founder and CEO Steve Saunders and Calix President and CEO Carl Russo drive around town discussing the disruptive mega-changes in the communications industry and where hope lies for service providers to meet the escalating demands of the cloud.
    LRTV Custom TV
    NetScout: Maximizing Enterprise Cloud for Digital Transformation

    7|20|16   |   04:53   |   (0) comments


    Light Reading Editor Mitch Wagner talks to NetScout CMO Jim McNiel about maximizing the benefits of enterprise cloud and digital transformation while minimizing potential pitfalls with a proper monitoring and instrumentation strategy.
    Women in Comms Introduction Videos
    Ciena's VP Offers a Career Crash Course

    7|20|16   |   4:14   |   (2) comments


    How did Ciena's Vice President of Sales, Angela Finn, carve out her career path? Simple, she tells WiC. She stayed true to her company, customers and principles. She shares her advice for women on how to be authentic and credible, as well as for companies that want to make a real change to their culture and practices.
    Upcoming Live Events
    September 13-14, 2016, The Curtis Hotel, Denver, CO
    November 3, 2016, The Montcalm Marble Arch, London
    November 30, 2016, The Westin Times Square, New York City
    December 1, 2016, The Westin Times Square, New York, NY
    December 6-8, 2016, The Westin Excelsior, Rome
    May 16-17, 2017, Austin Convention Center, Austin, TX
    All Upcoming Live Events
    Infographics
    Hot Topics
    Google Fiber Can't Be Called a Failure
    Carol Wilson, Editor-at-large, 8/26/2016
    FirstNet: A Billion-Dollar Boondoggle?
    Dan Jones, Mobile Editor, 8/26/2016
    WiCipedia: Should Men Be Included? & Olympians Face Discrimination
    Eryn Leavens, Special Features & Copy Editor, 8/26/2016
    Is There No Stopping Huawei?
    Iain Morris, News Editor, 8/26/2016
    600MHz Auction Climbs Over $22B
    Dan Jones, Mobile Editor, 8/29/2016
    Like Us on Facebook
    Twitter Feed
    BETWEEN THE CEOs - Executive Interviews
    Light Reading CEO Steve Saunders and UXP Systems CEO Gemini Waghmare discuss the strategic importance of digital identity for operators in the midst of transformation.
    Join us for an in-depth interview between Steve Saunders of Light Reading and Alexis Black Bjorlin of Intel as they discuss the release of the company's Silicon Photonics platform, its performance, long-term prospects, customer expectations and much more.
    Animals with Phones
    Live Digital Audio

    Bridging the tech skills gap is a major challenge for service providers and suppliers alike today – and the challenge is two-fold when it comes to increasing the number of women in the comms space. Level 3 Communications has made it a priority to overcome both challenges by implementing several unique programs focused on building the right candidates from within – in addition to filling the funnel by supporting STEM and other education programs. During this radio show, you’ll learn about these programs from Mary Beth McGrath, SVP of Global Talent Management at Level 3, and the best ways to bridge your own skills gap so that you are motivated and equipped for change. Plus you’ll have the chance to ask Mary Beth your questions live on the air.