Leila's Feed
Jul 30, 2015

Nokia, Alcatel-Lucent post strong results as merger approaches

PARIS/HELSINKI (Reuters) – Shares in telecom network gear makers Nokia (NOK1V.HE: Quote, Profile, Research, Stock Buzz) and Alcatel-Lucent (ALUA.PA: Quote, Profile, Research, Stock Buzz) jumped on Thursday after both posted strong second-quarter results, giving a positive signal ahead of their pending merger.

Nokia’s 15.6 billion euro ($17 billion) acquisition of Alcatel-Lucent announced in mid-April aims to position the company to better compete with market leader Ericsson (ERICb.ST: Quote, Profile, Research, Stock Buzz) and low-cost Chinese powerhouse Huawei [HWT.UL], by forging a strong number two in mobile with a more complete product line.

Jul 30, 2015

Alcatel-Lucent says Nokia deal on track after mixed Q2 results

PARIS, July 30 (Reuters) – Telecom network equipment maker
Alcatel-Lucent posted second-quarter sales slightly
lower than expectations and announced the September departure of
its chief executive ahead of being bought by rival Nokia
.

The Franco-American company, which Nokia will pay 15.6
billion euro for in a deal set to close by mid-2016, also
improved its margins to deliver better-than-expected operating
profit thanks to cost cuts, and generated more cash than it
consumed in the quarter, the first time it has done so in a
second quarter since 2006.

Jul 29, 2015

Numericable-SFR boosts Q2 profit thanks to cost cuts

PARIS, July 29 (Reuters) – Telecom operator Numericable-SFR
delivered higher second-quarter core profit on
Wednesday thanks to aggressive cost cutting championed by new
parent company Altice, although it continued to lose
customers to rivals.

Billionaire Patrick Drahi’s holding company, Altice, which
has been running France’s second-largest telecom carrier since
January, has overhauled mobile and broadband tariffs in recent
months to put the focus on improving financial results, not
market share.

Jul 28, 2015

Orange confirms annual targets as recovery takes hold

PARIS, July 28 (Reuters) – France’s largest telecom operator
Orange inched closer to a long-awaited recovery in the
second quarter as customers shifted to high-speed mobile and
broadband services, allowing it to confirm its annual profit,
debt and dividend targets.

Quarterly sales stood at 9.89 billion euros, down 0.2
percent on a comparable basis but up 0.4 percent when the impact
of regulatory changes is stripped out, marking the first
increase since 2011.

Jul 3, 2015

Vivendi pushes out Canal+ chief as profits shrink

PARIS, July 3 (Reuters) – French media group Vivendi
pushed out Rodolphe Belmer as chief of its Canal Plus
unit on Friday amid disappointment over what one source said was
a failure to rejuvenate the pay-TV channel and halt a drop in
sales and profits.

The move came amid a high-profile controversy over the fate
of channel’s long-running satirical puppet show “Les Guignols”
but the source said it had nothing to do with Belmer’s ousting.

Jul 2, 2015

Tycoon Vincent Bollore takes aim at French satire show

PARIS (Reuters) – French billionaire Vincent Bollore, chairman of media group Vivendi, faced a political backlash on Thursday following reports he wants to shut down a satirical TV show renowned for its attacks on the country’s elite.

Bollore owns 15 percent of Vivendi, the parent company of pay-TV channel Canal Plus, which has broadcast the show “Les Guignols”, featuring puppets of everyone from presidents to sports stars, since 1988.

Jun 29, 2015

Two Uber executives taken into police custody in France

PARIS, June 29 (Reuters) – French police have detained two
executives from Uber for questioning as a government clampdown
intensifies on the U.S.-based taxi and ride-sharing service.

Thibaud Simphal, manager of Uber France, and Pierre-Dimitri
Gore-Coty, general manager for western Europe, were detained as
part of an investigation that earlier led to Uber’s offices
being raided by police in March.

Jun 29, 2015

Discovery wins European broadcast rights to Games from 2018-2024

PARIS (Reuters) – Discovery Communications has agreed to pay 1.3 billion euros ($1.4 billion) to screen the Olympic Games from 2018 to 2024 across Europe, beating national public broadcasters that have traditionally shown the event.

The International Olympic Committee (IOC) chose Discovery, which is the parent of pay-television channel Eurosport, after a competitive auction that attracted more than 10 bids, said Timo Lumme, a marketing executive at the IOC.

Jun 29, 2015

Olympics-Discovery wins European broadcast rights to Games from 2018-2024

PARIS, June 29 (Reuters) – Discovery Communications has agreed to pay 1.3 billion euros ($1.4 billion) to screen the Olympic Games from 2018 to 2024 across Europe, beating national public broadcasters that have traditionally shown the event.

The International Olympic Committee (IOC) chose Discovery, which is the parent of pay-television channel Eurosport, after a competitive auction that attracted more than 10 bids, said Timo Lumme, a marketing executive at the IOC.

Jun 26, 2015

Ad execs cautious about growth, gear up for contract battle

CANNES, June 26 (Reuters) – The reluctance of big companies
to spend at a time of lacklustre global growth and fewer major
sporting events this year are dampening demand for advertising,
said the chief executives of two leading ad agencies.

In separate interviews on Friday, Martin Sorrell of WPP
and Maurice Levy of Publicis sounded cautious
about the prospects for the advertising market, citing a lack of
vibrancy in the U.S economy, weakness in Brazil, Russia and
China, and Europe’s continued fragility.