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Comms chips

Euronews: May 3

Orange (NYSE: FTE), Infineon Technologies AG (NYSE/Frankfurt: IFX) and KPN Telecom NV (NYSE: KPN) lead the charge in today's gallop through Europe's telecom news headlines.

  • France Telecom reported first-quarter EBITDA (earnings before interest, tax, depreciation and amortization) down 5.1 percent year-on-year at €3.73 billion (US$5.53 billion). The operator struggled in its highly competitive domestic market, not least because of an increase in value-added tax (VAT) on telecom services imposed by the French government. (See France Telecom Reports Q1, DT & FT Deepen Ties, France Telecom Updates on LTE, FTTH and Euronews: August 25.)

  • German chipmaker Infineon has raised its full-year forecast again as second-quarter net income more than doubled from the previous quarter to €572 million ($846 million), reports Bloomberg. This comes despite the fact that risks remain to its supply chain following the recent Japanese earthquake. (See Infineon Reports Fiscal Q1 and Intel’s Infineon Acquisition: All About 3G.)

  • Dutch incumbent KPN has acquired domestic cable operator Caiway for an undisclosed sum. According to the carrier, the move forms part of a strategy to strengthen its position in the Dutch TV and broadband market. Caiway has around 158,000 subscribers. (See KPN Buys Caiway and Euronews: April 21.)

  • More than 500 of London's iconic black cabs are being kitted out with mobile phone chargers, courtesy of Vodafone Group plc (NYSE: VOD), reports the Daily Telegraph. Cash-strapped passengers who happen to be with Vodafone will also be able to pay for their ride via their mobiles.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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