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?
BT shares slump after FTSE 100 company reports drop in revenue July 25, 2024 BT shares opened lower by 3.9 per cent this morning after the company posted a decline in revenue for its first quarter. The company reported total revenue of £5.05bn in its first quarter of trading, a two per cent decline from the same period in 2023 and slightly south of consensus estimates. The giant said [...]
Vodafone offloads further Vantage Towers stake for £1.1bn July 22, 2024 It comes amid a wider sell off of assets for the telecoms giant, which has just completed sell offs of its Italian and Spanish units.
FTSE 100 giant Vodafone raises £1.4bn from Indus Towers stake sale to pay debt June 19, 2024 Vodafone is still waiting to hear back from the competition regulator about whether its proposal to merge its UK operations with those of Three can go ahead.
‘Lessen competition and deter investment’: BT lashes out at Vodafone-Three UK deal June 14, 2024 The regulator has been gathering responses to its investigation into Vodafone and Three UK's tie-up.
BT taps Blackstone boss to lead communications team May 2, 2024 British telecoms firm BT has tapped top Blackstone executive Stephen Lewis to join its executive management team and lead all communications.
Swisscom last remaining suitor for Vodafone’s Italian business after Illiad snub February 15, 2024 Telecoms company Swisscom is reportedly the last company standing for a potential tie up with Vodafone's Italian business.