Euronews: Verizon Stake Pays Off for Vodafone

Vodafone Group plc (NYSE: VOD), Verizon Wireless , Sky and Belgacom SA (Euronext: BELG) ease us into the weekend in today's helping of Euro telecom news.

  • Good news for Vodafone shareholders: In January 2012 the mobile giant will receive a £2.8 billion (US$4.5 billion) dividend from Verizon Wireless, in which it owns a 45 percent share. Following the announcement, Vodafone's share price shot up more than 5 percent on the London Stock Exchange Friday morning to 173.9 pence. (See Vodafone to Get Verizon Dividend and Vodafone Deepens Ties With Verizon.)

  • Safe for the moment at least from the embrace of Rupert Murdoch, U.K. triple-play provider BSkyB reported operating profits up 23 percent year-on-year in its full-year results, and a net addition of 426,000 customers over the period. Despite all the ongoing phone-hacking shenanigans, James Murdoch remains as chairman. And Rupert, no doubt, will be back... (See BSkyB Reports Full Year.)

  • Belgacom, the main operator in Belgium, reported second-quarter revenues down 3.2 percent year-on-year, and blamed the slump largely on the performance of its international arm, BICS (Belgacom International Carrier Services). On the brighter side, its TV offering added 59,000 customers (net) during the quarter. (See Belgacom Reports H1 and Belgacom Launches TV Everywhere.)

  • Technicolor (Euronext Paris: TCH; NYSE: TCH), the French video equipment specialist, reported second-quarter revenues down 6.1 percent on the same period last year, although its half-year revenues were still up -- by 4 percent -- on 2010's. (See Color Flows Back Into Technicolor's Cheeks.)

  • Croatia's ailing economy hit the revenues of the country's biggest operator, Deutsche Telekom-controlled T-Hrvatski Telekom , reports Reuters. First-half sales shrank by 4 percent year-on-year, with high unemployment and a tougher telecom regulatory framework both playing their part.

  • It's a brighter story at SES S.A. (Paris: SESG), the Luxembourg-based satellite firm, which reported half-year revenues up 3 percent at €853.2 million ($1.2 billion) and earnings before interest, tax, depreciation and amortization (EBITDA) up 4.2 percent. SES, which provides TV/video content feeds to cable and IPTV service providers as well as offering direct-to-home services, plans to launch five more satellites in the second half of the year.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

  • wanlord 12/5/2012 | 4:57:46 PM
    re: Euronews: Verizon Stake Pays Off for Vodafone

    Okay, great for Vodaphone, but what about VZ stockholders/employees? What is Lowell's strategy here as he is just coming in as the new CEO?

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