VimpelCom said it is fighting back against “Silicon Valley upstarts” by reinventing itself as global tech company VEON providing a “revolutionary internet mobile platform” to hundreds of millions of customers.
Proximus’ international wholesale arm pushed overall revenues down last year, but the Belgium-based operator delivered on profit growth.
Telenor has agreed to sell its Indian operating company to Bharti Airtel for an undisclosed fee.
Bouygues Telecom posted a return to profit in 2016, finishing €83 million in credit, a €142 million swing from a year ago, when it posted a full-year loss of €59 million.
Telefónica posted net profit of €145 million in the fourth quarter of 2016, up from a loss of €2.2 billion in the same period a year ago.
New Zealand’s Commerce Commission has blocked the proposed merger of Vodafone and Sky Network Television on competition grounds.
Orange saw sales grow 0.6 percent last year, after falls in 2014 and 2015, as the sale of its stake in EE led to a double-digit increase in profits.
Telefónica has sold a 40 percent stake in its Telxius arm to private equity firm KKR for €1.275 billion.
Liberty Global boss Mike Fries hailed the performance of the company’s European opcos as they sold just shy of one million new services last year.
Nokia is set to acquire Comptel for €347 million as it bids to boost its software offering.
Swisscom met its 2016 financial targets as the performance of its Fastweb business shone.
Three UK has acquired UK Broadband Ltd for £250 million as it adds a home broadband service and new spectrum to its mobile-only offering.
Denmark’s TDC has divested its hosting business as it seeks to reduce its debt in the wake of a decline in 2016 revenues and earnings.
Telecom Italia (TIM) will invest €11 billion over the next three years on premium digital services and improving its networks as part of a new three-year plan.
BT’s ‘Italian Scandal’ has it all – high-profile sackings, a worse than expected writedown, a share price at a four-year low, a plethora of lawsuits and a criminal investigation.
Telenor made a profit in the fourth quarter of 2016 as the Norway-based operator looked to put a troubled year behind it.
The reason for Vodafone’s decision to enter into merger talks in India were laid bare as the UK-based operator unveiled its latest financials.
Nokia’s Chief Executive said he was “disappointed” in his company’s sales performance last year as he revealed the latest financial report.
Telia has merged its Lithuanian operations into a single company and increased its presence in the smart city space with the acquisition of Fält Communications (Fältcom).
KPN saw revenues slip 2.9 percent year-on-year in 2016 to €6.8 billion last year as its enterprise arm continued its inexorable decline.
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