Euronews: Feb. 25

Deutsche Telekom AG (NYSE: DT), Telecom Italia (TIM) , Telefónica SA (NYSE: TEF) and UPC Broadband open their books up for inspection in today's helping of Euro telecom news.

  • Deutsche Telekom, Telecom Italia and Telefónica all reported their 2010 financials Friday morning, with the Spanish giant performing well and being suitably bullish about 2011, while its German and Italian contemporaries are a bit more cautious for the current year after mixed fortunes in the past 12 months. (See Mixed 2010 for Euro Giants, Deutsche Telekom Reports 2010, Telecom Italia Reports 2010 and Telefónica Reports 2010.)

  • UPC Broadband, the Netherlands-based subsidiary of cable giant Liberty Global Inc. (Nasdaq: LBTY), has posted a 57 percent year-on-year increase in operating income in 2010 to €750 million ($1.03 billion), with strong growth being recorded in Western Europe, particularly in its domestic market and -- perhaps surprisingly given prevailing economic conditions -- in Ireland. Over the course of the year the company added 410,000 RGUs (revenue-generating units) worldwide, though it still recorded 259,000 video losses. (See UPC Reports 2010 and Liberty Exec Details D3's 'Sweet' Economics.)

  • Up to 200 workers could be laid off at the Finnish arm of Swedish carrier Telia Company , reports the YLE website. Earlier this month it was revealed that more than 600 TeliaSonera workers in Sweden could lose their jobs, a "reshuffle" that shifts the emphasis away from fixed broadband. (See TeliaSonera Shares Verizon's LTE Tablet Desire and TeliaSonera Develops New Mobile Data Model.)

  • Reuters reports that Silvio Scaglia, founder of Italian broadband provider Fastweb SpA (Milan: FWB), was released from prison Thursday after a year of confinement, some of it under house arrest. Scaglia was one of 56 people implicated in a money-laundering scheme related to the 'Ndrangheta crime syndicate based in southern Italy. (See Italian Fraud Probe Intensifies.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

  • Be the first to post a comment regarding this story.
    Sign In