6 Aug 2021

Wireless

PLDT mulls sale of non-strategic towers to shore up financial position

PLDT Inc. is reportedly ‘open to the idea’ of divesting tower assets that are considered to be ‘not strategic’ in maintaining its position in the market. Bloomberg cites chairman Manuel... more

Broadband

Cable Compendium: a guide to the week’s submarine and terrestrial developments

The Indian government has approved Datawave Networks’ International Long Distance (ILD) Telecommunications Licence, with Mark Wickham, CEO of Datawave Networks, stating that the new concession paves the way for the... more

Corporate/Financial

Three UK claims ‘strongest customer growth since 2017’ in H1 2021

British mobile network operator (MNO) Three UK has released its financial results for the six months ended 30 June 2021, claiming to have delivered its ‘strongest customer growth since 2017,... more

LG Uplus records 40% net profit increase in 2Q21

South Korea’s LG Uplus has published its financial results for the second quarter of 2021, with the operator reporting improvements across all key financial metrics. In the three-month period under... more

StarHub 1H21 profits tumble; firm announces launch of 5G SA market trial

Singaporean operator StarHub reported that for the six months ended 30 June 2021, its revenue improved 1.5% year-on-year to SGD973.7 million (USD720.9 million) from 959.6 million in the corresponding period... more

NTT first-quarter profits surge 24.7% to ‘new record level high’ 24.7%

Japan’s Nippon Telegraph and Telephone Corporation (NTT) has published its financial results for the three months ended 30 June 2021 (Q1 FY2021/22), reporting a 4.6% year-on-year increase in operating revenue... more

Proposed tax bill could end decades-long tax dispute with Vodafone

The Indian government has introduced a bill to parliament that could end the state’s long-standing tax dispute with Vodafone Idea (Vi) over Vodafone Group’s USD11.1 billion acquisition of a majority... more

Sales fall at CK Hutchison telecoms unit as it registers impairment charge in Italy

CK Hutchison Group Telecom has recorded a 2% year-on-year fall in revenues for the first half of 2021 to EUR4.90 billion (USD5.8 billion). EBITDA jumped 41% to EUR3.10 billion, while... more

Macquarie confirms purchase of 40% stake in Open Fiber

Investment firm Macquarie Asset Management has confirmed its acquisition of a 40% stake in the Italian wholesale network operator Open Fiber. It will pay utility group Enel EUR2.12 billion (USD2.51... more