Video services

Euronews: July 29

9:35 AM -- Results from several of the big boys feature in our European telecom news roundup today, with BT Group plc (NYSE: BT; London: BTA), Orange (NYSE: FTE), and Telefónica SA (NYSE: TEF) all announcing earnings.

  • BT, France Telecom, and Telefónica all announced their latest results today. The three European giants are under pressure in their domestic markets, but none gave their investors anything to worry about with their latest performance. In fact, all saw their share prices rise. BT pleased its shareholders with its cost-cutting measures; France Telecom retained its annual dividend pledge; and Telefónica reported higher-than-expected profits and showed signs of recovery in Spain. (See BT Reports Fiscal Q1, France Telecom Reports H1, and Telefónica Reports H1.)

  • Things are also looking quite rosy over at Sky , the UK-based satellite TV and broadband services operator, which reports in its full-year results that one in five of its customers is now taking the full TV, broadband, and telephony triple-play package. (See BSkyB Reports Full Year.)

  • Still on the financial pages, UK mobile retailer Carphone Warehouse Group plc (London: CPW) continues to purr along on cruise control, with revenue up 3.7 percent, not least thanks to strong performance from its US arm. (See Carphone Warehouse Reports Q1.)

  • Not quite such good news for Technicolor (Euronext Paris: TCH; NYSE: TCH), the French-owned video services vendor, which reports its half-year results today. Its second-quarter revenue was down 12.4 percent year-on-year, though new deals signed with Verizon Communications Inc. (NYSE: VZ) and DirecTV Group Inc. (NYSE: DTV) give its CEO cause for optimism. (See Technicolor Reports H1, Technicolor Lands Verizon Gateway Deal, Verizon Picks Technicolor Gear, and DirecTV Extends Technicolor STB Deal.)

    Other Euro news morsels include:

    — Paul Rainford, freelance editor, special to Light Reading

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