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Eurobites: Telia Starts to Turn the Tanker Around in Q2

Paul Rainford
7/18/2019
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Also in today's EMEA regional roundup: BT sells historic HQ; Virgin and Sky extend content deal; Telefónica taps smart-metering tech.

  • Adjusted second-quarter revenues at Sweden's Telia fell 4.2% year-on-year to SEK 21.3 billion (US$2.28 billion), though the operator claims that the wider picture is a positive one: On a like-for-like basis, service revenues for the group declined by 1% in the second quarter, an improvement on the 3% decline in the first quarter. In a statement, Telia President and CEO Johan Dennelind said that "the trend is right even if the recovery curve is slow," blaming "a soft mobile B2C in Norway" and "a negative service mix in Finland" for its travails. Telia's outlook for 2019 is unchanged.

  • BT is to sell its City of London headquarters to a private equity fund for £210 million (US$262 million) as part of a cost-cutting drive to become a more streamlined, less bloated operation, the Daily Telegraph reports (paywall applies). The operator will lease the building for 30 months while it searches for a new base. (See BT Looks More Bloated Than Ever and BT's Workforce: It's Not Shrinking as Fast as You Might Think.)

  • Separately, BT has landed an enterprise network deal with Schindler, a manufacturer of elevators and escalators. BT will deploy and manage a global network infrastructure for Schindler, connecting its data centers, offices, factories and contact centers using BT's IP Connect offering.

  • UK pay-TV rivals Virgin Media and Sky have agreed a new multi-year deal that will see Sky's various channels continue to be available on Virgin Media's TV platform, with Virgin customers set to benefit from new Ultra HD linear and additional video-on-demand content from Sky next year.

  • Telefónica has joined forces with Arad, an Israeli water-meter company, to develop a new metering system based on NB-IoT and CAT-M1 technologies. The pair hope their joint effort will allow water supply companies to make use of a system that gives them a better understanding of consumption patterns and a more effective way of managing scarce water resources.

  • British BSS specialist MDS Global has been acquired by Volaris for an undisclosed sum. MDS Global, which was spun out as a separate business when its parent company, MVNO Martin Dawes Telecommunications (MDT), was sold to BT Cellnet in 1999, counts BT, Telefónica UK, eir and Telia amongst its customers.

  • Orange has signed a global agreement on workplace gender equality with UNI Global Union, covering all 149,000 Orange employees worldwide. The telco is clearly upping its game in terms of employee pastoral care -- it wasn't that long ago that the company (in its France Telecom incarnation) was hit by a wave of suicides, the legal ramifications of which have only just drawn to a close. (See Eurobites: Former France Telecom Execs to Stand Trial Over Suicides.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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