Vodafone offering 'attractive entry point' says HSBC as it upgrades to 'buy'
Analysts at the bank believe the tone of telecoms company’s commentary “should get progressively brighter”, starting with the first-quarter statement in July
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Telecommunications
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Jefferies thinks BT’s dividend is safe as it predicts possible return to earnings growth next year
Some have pointed to BT’s dwindling earnings as a key reason why the divi is not sustainable, but the US broker believes there is a “highly credible prospect” earnings will return to growth next year
BT to award £50mln in shares to employees to boost morale
“I’m asking our colleagues for their commitment to making BT a national champion and I want to give them ownership in our company and a share in our success,” boss Philip Jansen said
Allot reports first-quarter earnings and revenue beats as growth jumps 17%
Management reiterated revenue expectations of $106 million to $110 million for 2019, representing double-digit year-over-year growth
Vodafone cuts dividend 40% as it fights for 'financial headroom'
Various "challenges" chipped away at service revenue and, together with the high costs of mobile spectrum auctions, have reduced financial headroom
Analysts trim BT share price targets after results
Contrary to reports of a boardroom split, the telecoms group's decision to maintain the dividend was not a “close” one with the board unanimous
BT’s dividend is safe…for now
Despite rumours to the contrary, new CEO Philip Jansen has kept the divi on hold for the time being, but the way BT’s cash generation and profits are heading, the longer-term outlook is less certain
BT keeps dividend unchanged and ups fibre investment target
Annual revenue, profits, earnings and cash flow all declined, while debt ballooned
BT board divided over potential dividend cut
A split has apparently emerged between chairman Jan du Plessis and new chief executive Philip Jansen
Vodafone inks cable deal with Telefónica Deutschland to ease competition concerns over Liberty Global acquisition
The FTSE 100 mobile network said the deal would enhance broadband competition in Germany with the cable network covering around 23.7mln households
Vodafone institutional investors back dividend cut, see shares bouncing back
In the event of a cut, half of investors believe the telecoms giant's dividend should be rebased at least 30%
Inmarsat profits fall in first quarter
Post-tax profits crashed $326m lower after a change to liabilities over a convertible bond and costs relating to the takeover offer
BT executives involved in Italy accounting fraud scandal, investigators claim
A series of emails show BT’s top executives were involved in artificially inflating the Italy division’s financial performance
Mobile Streams cuts costs to the bone
"Given the falling revenue, it was necessary to take decisive cost reduction actions,” said chief executive Simon Buckingham
Avanti Communications shares jump on Turksat bandwidth deal
"We are delighted to have been able to provide this capacity to Turksat which will cover the whole of Turkey,” said Kyle Whitehill
Spirent Communications names another Eric as its chief executive officer
The FTSE 250-listed firm said Eric Upkye will join the company on 1 April 2019 as a director and CEO-designate and will take up the CEO position following the group’s AGM on 1 May 2019
BigBlu Broadband racks up customers and losses
Total customers increased by 13% to 113,000 at the end of November
Inmarsat shares rocket higher after agreeing US$3.4bn takeover by private equity-led consortium
Inmarsat said it considers the terms of the acquisition to be “fair and reasonable” and recommended shareholders approve the offer
Inmarsat considers US$3.3bn takeover bid from private equity-led consortium
Inmarsat said the takeover proposal remains under discussion
Manx Telecom agrees to around £255.9mln takeover bid from investment vehicle, Basalt Infrastructure Partners
The offer, being made on Basalt unit Kelion Bidco Limited, will see Manx shareholders receive 2017.1p in cash, plus an already declared final dividend of 7.9p per share, giving a total entitlement of 215p per share