23 Apr 2020

Wireless

Tigo begins 700MHz rollout

Tigo Colombia has begun the deployment of its recently-acquired 700MHz spectrum in Bogota, Medellin and Barranquilla, TeleSemana writes. Tigo Colombia President Marcelo Cataldo was quoted as saying: ‘It is a... more

IoT Time: Internet of Things digest

Germany’s Deutsche Telekom (DT) has signed NB-IoT roaming agreements with Swisscom, Telia Company and Vodafone Group to bring roaming services to a further nine European countries, with DT already offering... more

Corporate/Financial

Play to acquire MVNO Virgin Mobile as it also launches fixed broadband

The Polish cellco Play has announced that it has entered into a preliminary agreement to buy local MVNO Virgin Mobile Polska for PLN60.7 million (USD14.5 million). Play will acquire 100%... more

Yesayan brothers to create new company called Unet

Hayk and Aleksandr Yesayan, who along with a small management team started Armenian alternative operator Ucom back in 2009, have reportedly announced plans to create a new company called Unet.... more

TIM and Vodafone raise EUR800m from Inwit share sale

Telecom Italia (TIM) and Vodafone Italy have sold off 8.6% of their mobile tower joint venture Inwit to institutional investors. The sale raised around EUR800 million (USD867 million), with TIM... more

AT&T Q1 revenue drops 4.5%; expands 5G to 90 more markets

AT&T's consolidated revenues for the first quarter of 2020 fell 4.5% year-on-year to USD42.8 billion from USD44.8 billion as growth in US wireless service revenues and strategic/managed business services only... more

USD200m payment to Vodafone Idea not a U-turn, Vodafone Group clarifies

Vodafone Group has accelerated a USD200 million payment to its Indian joint venture Vodafone Idea, after the company missed the deadline for the submission of dues relating to its Adjusted... more

China Unicom reports flat first quarter revenue of CNY73.8bn

Full service provider China Unicom has booked total revenue of CNY73.8 billion (USD10.4 billion) for the first three months of 2020, largely unchanged from the CNY73.1 billion figure reported a... more

stc reports 5.9% increase in net profit in 1Q20

Saudi Telecom Company (stc) has published its financial results for the three months ended 31 March 2020, reporting a 5.9% increase in net profit to SAR2.913 billion (USD772.4 million) from... more

Mixed fortunes in Q1 for UAE telcos

International telco group Etisalat of the United Arab Emirates (UAE) has reported a 1% year-on-year increase in first-quarter consolidated revenues to AED13.1 billion (USD3.6 billion), as EBITDA climbed 1.5% to... more

Elisa reports revenue increase in 1Q20

Finland’s Elisa Corporation has published its results for the first three months of 2020, revealing a 6.5% year-on-year increase in revenue, though it noted growth was ‘mainly’ due to its... more

Globe commits to PHP63bn CAPEX budget in face of COVID-19 pandemic

Filipino carrier Globe Telecom has signalled its intention to fulfil its PHP63 billion (USD1.24 billion) capital expenditure budget for the current financial year – a PHP12 billion increase on the... more

Rogers Q1 revenue falls 5%; withdraws 2020 guidance on COVID-19 uncertainty

Canadian cable and wireless group Rogers Communications posted a 5% year-on-year drop in total revenue to CAD3.416 billion (USD2.410 billion) in the first quarter of 2020, while its adjusted quarterly... more