17 Aug 2020

Wireless

MVNO Monday: a guide to the week’s virtual operator developments

Consumer Cellular – one of the top five largest MVNOs/sub-brands in the United States – is in discussions with unnamed parties over a potential sale, it has been reported. Responding... more

Broadband

Euskaltel hires Lazard to sell fixed networks, report says

Spanish regional telecoms operator Euskaltel Group has hired investment bank Lazard to explore a potential sale of its broadband network, local news site Expansion reports, citing market sources. If a... more

TRA signs deal with OBC to connect villages and schools

Oman’s Telecommunications Regulatory Authority (TRA) has announced the signing of an agreement with state-owned Oman Broadband Company (OBC) to supply telephony and internet services to rural villages and schools in... more

Corporate/Financial

United Group-Forthnet deal approved by EC

The acquisition of a 36% stake in Greek telco and pay-TV provider Forthnet by Amsterdam-based United Group has been approved by the EC. The Commission concluded that the proposed acquisition... more

VNPT, MobiFone equitisation plans slowed by COVID-19

The Vietnamese government’s plans to privatise a number of state-owned companies, including Vietnam Posts and Telecommunications Group (VNPT) and MobiFone Telecommunications Corporation, by the end of 2020 have been delayed... more

Bezeq posts net profit, EBITDA improvements in 2Q20, despite 3.1% revenue decline

Israel’s Bezeq has reported revenues of ILS2.16 billion (USD632 million) for the quarter ended 30 June 2020, representing a 3.1% decline from the corresponding period a year earlier, with an... more

Cellcom’s net loss widens in 2Q20

Israeli communications provider Cellcom recorded a total turnover of ILS855 million (USD247 million) in the second quarter of 2020, representing a 7.1% decline against the corresponding period of 2019. With... more

Singtel’s quarterly operating revenue drops 13.9%

Singapore Telecommunications (Singtel Group) reported a 13.9% year-on-year drop in operating revenue to SGD3.543 billion (USD2.584 billion) in its fiscal first quarter ended 30 June 2020, attributed to softening economic... more

Swisscom books 3.5% dip in net revenue

Swiss state-owned full-service provider Swisscom has booked consolidated net revenue of CHF2.71 billion (USD3.0 billion) in Q2 2020, down by 3.5% year-on-year, with the company citing continuing competitive pressures for... more