Vodafone and Three hit back at regulator’s concerns in merger battle September 30, 2024 Vodafone and Three have pushed back against the regulator’s concerns over their proposed £15bn merger, insisting that “outstanding issues can be resolved,” following the latest findings from the Competition and Markets Authority (CMA). In a response published today, the telecom firms said they “remain confident” in the deal, which would combine two of the UK’s [...]
Huawei: Chinese firm reduced to a shadow of former size as UK restrictions bite September 25, 2024 Turnover at the UK arm of Chinese telecommunications giant Huawei has been slashed by more than £1bn since 2019 as the impact of UK and US restrictions bite. The London-headquartered business has reported a turnover of £229.56m for 2023, down from the £359m it posted in 2022. The latest figure comes after Huawei’s turnover totalled [...]
Virgin Media O2 to offload stake in mobile tower network September 13, 2024 Virgin Media O2 has reportedly agreed to offload roughly eight per cent of Britain's biggest mobile tower network as the telecoms group looks to fund the expansion of its fibre broadband and mobile operations.
Price rises and smaller data packages: Regulator voices concerns over Vodafone’s £15bn Three merger September 13, 2024 The planned £15bn merger between Vodafone and Three could lead to price increases for tens of millions of mobile customers, the Competition and Markets Authority (CMA) has warned. The watchdog added that the deal, which was first announced last year, could also see customers get a reduced service such as smaller data packages in their [...]
‘It can be spaghetti out there’: can Cityfibre take on BT? August 22, 2024 The UK’s altnet industry is a tangled mess of “spaghetti” – at least, that’s how the boss of Cityfibre put it earlier this year. Altnets, or alternative networks, such as Cityfibre, Gigaclear and Community Fibre, have emerged as competitors to the UK’s broadband giants Virgin Media O2 and Openreach. Despite their smaller scale, they have [...]
MTI Wireless Edge reports jump in profit thanks to demand for military tech August 21, 2024 Telecommunications firm MTI Wireless Edge has reported a jump in profit as strong demand for military antennas and 5G continued throughout the first half of the year. MTI Wireless Edge, which specialises in multi-sector communication and radio frequency solutions, reported no movement in revenue in its interim results today, which remained “level” at $22.3m (£17.1m). [...]
Talktalk agrees £400m lifeline as leadership changes confirmed August 12, 2024 Talktalk has agreed the key terms of a refinancing deal which will hand the telecommunications giant a £400m lifeline, it has been confirmed. The Salford-headquartered company has been in talks with one of its largest shareholders amid warnings it was on the brink of collapse. Its annual report, which was published in July, revealed that [...]
Helios Towers shares drop: Debt rises, revenue and profit lifts as guidance ‘tightened’ August 8, 2024 Shares in telecommunications tower company Helios Towers plunged more than 12 per cent in early trading on Friday after it said it has racked up a larger debt pile in its interim results. The London-listed company said net debt edged up three per cent to $1.76bn (£1.39bn) in the six months to 30 June. Results [...]
Talktalk debt crisis worsens as Macquarie deal stalls August 4, 2024 Talktalk's crunch negotiations with private equity giant Macquarie over a mooted £450m deal for its wholesale division have stalled, according to reports, as the embattled telecoms provider races to refinance a billion pounds of credit.
Talktalk: The telecoms titan on the brink July 25, 2024 In a defining few months, Talktalk needs to refinance nearly a billion pounds of debt, with bidders circling. Will it survive?