PARIS/BRUSSELS (Reuters) – TeliaSonera and Telenor are preparing deeper concessions as they fight for regulatory approval to merge their Danish telecoms units, after an offer to sell mobile spectrum to a new player fell short, said two people close to the situation.
The deal is an important test case for the European Union’s Competition Commissioner Margrethe Vestager, since it is her first mobile deal review and could give hints on how she will approach similar deals pending in Britain and Italy.
PARIS, Aug 27 (Reuters) – Advertising agency Havas
saw 5.5 percent growth in like-for-like sales in the second
quarter driven by North America and Europe, outpacing larger
rivals such as WPP and Publicis.
Chief Executive Yannick Bollore told Reuters on Thursday the
company was on course to reach its goal of 5 percent organic
sales growth this year despite recent volatility on world stock
markets and concerns about China’s economic slowdown.
PARIS, Aug 27 (Reuters) – French start-up Sigfox, which
builds Internet communications networks for anything from
electricity meters to washing machines, could go public next
year to fuel its international expansion, the company’s chief
Ludovic Le Moan said that the Toulouse-based business is
also considering a fundraising round of up to $300 million ahead
of a stock market listing, depending on its needs. It would be
the fourth fundraising exercise since the company was founded in
2010, but Le Moan declined to comment on the implied valuation.
MILAN/PARIS, Aug 6 (Reuters) – Vimpelcom and
Hutchison have agreed to combine their Italian mobile
operations in a 50-50 joint venture in a long-awaited deal to
consolidate Europe’s fourth-largest telecom market.
The merger will combine Vimpelcom’s WIND Telecommunicazioni,
the country’s third-largest mobile network operator, with
fourth-placed 3 Italia, reducing the Italian market to three
players of roughly the same size.
FRANKFURT/PARIS, Aug 4 (Reuters) – Apple Inc, the
world’s most profitable mobile phone maker, has denied a report
that it is working on a plan to market communications services
directly to consumers that would bypass telecom operators on
which it now relies to deliver services.
Business Insider had on Monday reported that the iPhone
maker was testing a so-called mobile virtual network operator
(MVNO) service in the United States, which would involve it
renting capacity from one or more network operators to sign up
its own customers.
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.
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.
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
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.
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.