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Mobile services

Eurobites: 3 Group Europe Revenues Slip in H1

Also in today's EMEA regional roundup: NTT expands IP network with German PoPs; OTE sees mobile revenues slide in H1; BT not out of woods yet on Openreach.

  • 3 Group Europe, which forms part of the Hong Kong-based CK Hutchison empire, reported revenues down 1% in the first six months of the year, to HK$30.16 billion (US$3.88 billion), though EBITDA grew by 9% to HK$8.49 billion ($1.09 billion). During the period the proposed merger of Three UK and Telefónica UK Ltd. (O2) was blocked by the European Commission, and the group is still waiting to hear if the merger of 3 Italia and Wind Telecomunicazioni SpA will get the go-ahead later this year. (See Eurobites: EU vetoes O2/3 combo and Wind, 3 Eye Sale of Italian Assets – Report.)

  • Japanese giant NTT Communications Corp. (NYSE: NTT) has expanded its global IP network with two new German points of presence, one in Berlin and the other in Frankfurt, located at facilities owned by e-shelter. Customers in the region will now have access to NTT's IP network and its IP transit services, Layer 2 Ethernet solutions and DDoS protection service.

  • Greek operator OTE S.A. , which is 40% owned by Deutsche Telekom, saw half-year revenues increase by 2.9% to €768.4 million ($856.8 million) domestically, despite revenues from its mobile business plummeting 14.3%. Wider group revenues, however, were down by 0.6% to €1.88 billion ($2.09 billion) over the period. Looking ahead to the second half of the year, OTE acknowledges that "uncertainties continue to exist" in the macroeconomic climate, despite some signs of increasing stability. Capital controls were imposed on Greece in June 2015, placing limits, among other things, on daily ATM withdrawals, but these controls have since been eased.

  • Just when BT Group plc (NYSE: BT; London: BTA) might have thought it was in the clear over the issue of whether it should be completely separated from its Openreach network access division, a former business minister has popped up to put the matter back in the public eye. As the BBC reports, Anna Soubry questioned BT's claim that 90% of UK properties now have access to "superfast" broadband, saying, "I seem to meet every member of the 10%." And referring to regulator Ofcom 's decision to more or less keep the status quo and not enforce separation of BT and Openreach, Soubry said: "I was very surprised that was pulled back on … I'm sorry, but they [BT] have not delivered," adding that the UK incumbent has "had enough second chances." (See BT Clings On to Openreach – Just.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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