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Euronews: Oct. 27

Paul Rainford
10/27/2010

It's a third-quarter results-fest in today's Euro telecom news digest, with EE , Virgin Media Inc. (Nasdaq: VMED), and Telenor Group (Nasdaq: TELN) all revealing their numbers.

  • Ill-advisedly named UK mobile operator Everything Everywhere -- the recently formed joint venture of Orange UK and T-Mobile (UK) -- reported third-quarter results today. The operator said its total customer base was 27.9 million in the quarter, up 1.4 percent compared with the same period last year. Third-quarter revenues increased slightly (0.1 percent) to £1.77 billion (US$2.6 billion), while average revenue per user (ARPU) was down 4 percent to £19.30 ($30.50) per month. (See Everything Everywhere Posts Q3 and UK Mobile Giant Flexes Its Muscle.)

  • All smiles at UK cable operator Virgin Media, which in its third-quarter results, also out today, reveals that it has almost doubled operating income year-on-year to £102 million ($161 million), while cable ARPU was up 3.7 percent to a record £46.38 ($73.36). At the same time Virgin announced that, from today, existing and "potential" customers can pre-register for its 100Mbit/s broadband service, which will initially be available in the London area and Yorkshire. (See Virgin Media Reports Q3 and Virgin's Business Broadband Broadside.)

  • Also lining up in the Q3 stakes is Norwegian group Telenor, which reported its third-quarter revenues up six percent year-on-year to 24.1 billion Kroner ($4.1 billion), with the familiar pattern of strong growth in Asian markets contrasting with more of a struggle in the Nordic region. Adjusted profits for the quarter, however, were down 15.4 percent year-on-year at NOK15.8 billion ($2.7 billion). (See Telenor Reports Q3 .)

  • It looks as though BT Group plc (NYSE: BT; London: BTA) is getting closer to selling some of its 30 percent stake in Indian software vendor Tech Mahindra Ltd. , according to this Bloomberg report. News surfaced earlier this month about BT reducing its stake in Tech Mahindra, which has been a major Service Provider Information Technology (SPIT) partner for the UK operator. (See Euronews: Oct. 6, India Profile: Tech Mahindra, and Tech Mahindra Wins BT Deal.)

    Elsewhere in Europe:

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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