Chinese vendors Huawei and ZTE are sharing a mobile broadband rollout deal valued at US$1.6 billion in the African nation of Ethiopia, reports Reuters. State-owned carrier Ethio Telecom has signed vendor finance deals with the suppliers, with Huawei's share of the deal valued at $700 million. The deal could once again raise questions about the competitive advantage the Chinese vendors hold over their European rivals by having access to cheap capital from China's banks, capital that is then used to finance large vendor finance deals. But will they care in Ethiopia? Probably not.
U.K. satellite TV and broadband giant BSkyB has reported a 7 percent increase in revenues to £7.24 billion ($11.1 billion) and a 9 percent increase in operating profit to £1.33 billion for its full fiscal year. The company, which has 10.4 million TV service customers and 4.9 billion broadband customers, is about to have its dominance of Britain's sports pay TV market challenged by BT Group plc. For the full details of BSkyB's annual results, read this press release. BSkyB also announced the availability of its NOW TV box, which connects TV sets to OTT video services and certain online services (including Facebook and Spotify) via a Wi-Fi connection. (See BT's Got Balls.)
Belgacom reported only a slight year-on-year dip in second quarter revenues to €1.58 billion ($2.1 billion) despite the negative impact of regulatory measures in the mobile services market. Net income was €155 million ($206 million), slightly lower than a year ago but better than expected. For more, see this Marketwatch report.
French set-top box and home gateway specialist Technicolor has reported a 3.1 percent year-on-year increase in first half revenues to €1.6 billion ($2.13 billion) and a net profit of €6 million ($8 million). That's only a small profit, but a welcome figure given the losses the company has incurred during the past few years. The company also recently completed a successful debt refinancing transaction that allowed it to borrow new funds at a lower interest rate. (See Technicolor Wins India Cable Deal, Set-Top Shipments Will Keep Soaring and Technicolor Refinances.)
The Digital Agenda team at the European Commission is not happy that the continent's digerati will not have access to 4G services at their holiday villas this summer. In fact, the Commission is "very worried about the state of 4G mobile access in Europe." Check out this video to see what Digital Agenda spokesman Ryan Heath has to say about it.