Spirent looks to 5G to maintain momentum as profits jump by third
The roll-out of 5G will give demand a further boost in 2019
Sector
Telecommunications
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Inmarsat earnings led higher by demand for aviation broadband in fourth quarter
Inmarsat expects 20019 revenue of US$1.3-1.4bn, excluding a contribution from US partner Ligardo
BATM jumps as it forecasts earnings growth “ahead of market expectations” for 2019
The group said it had entered the new year with a “substantially higher order book” compared to the year before amid increased demand for its products
Vodafone issues €4bn of convertible debt to fund Liberty Global deal
To mitigate dilution, the telecoms giant will have the option to buy back shares
BATM signs first international customer for agri-waste treatment
The group said the contract with the Philippine firm was worth around US$1.5mln, with 40% paid upfront, and would be delivered in 2019
Berenberg thinks new BT boss may cut telecoms giant’s dividend
Berenberg analysts have argued that BT doesn’t have enough cash to fund both its dividend and the much-needed reinvestment
BT gets hefty upgrade from US broker as Openreach headwinds ease
The new 340p target is 28% above Jefferies' previous forecast
Ernst & Young lands Vodafone’s lucrative audit contract
EY was competing with Deloitte and KPMG to win the Vodafone contract, which earned PwC more than £20mln last year
Starling raises £75mln as digital banks up their challenge
The bank raised £75mln led by Merian Global Investors, formerly known as Old Mutual, which chipped in £60mln
Vodafone upgraded to ‘Buy’ by Bank of America as it predicts return to top line growth following “annus horribilis”
The bank said the last 12 months had been “generally torrid” for the mobile network operator, however, these headwinds were now passing as well as being “increasingly baked into forecasts”
BATM awarded follow-on cyber communications contract from government defence department
The networking technology provider said the US$3.2mln contract would be delivered during the year and followed a previous order for hardware and software cyber security products in 2018
TalkTalk shares drop as it warns customer acquisition costs will dent profits by up to £15mln
TalkTalk still expects to see profits surge this year, but changes to the way it books revenues and higher costs associated with adding new customers mean it will miss forecasts
BT dividend hike seen as unlikely by analysts as telecoms firm tackles costs, pensions and debt
“With the combined pension and net debt position a rather daunting £16.1bn, it’s hard to see the new CEO raising the dividend in May’s full years,” said George Salmon, equity analyst at Hargreaves Lansdown
BT reports better-than-expected third quarter earnings but warns of challenges ahead
Outgoing chief executive, Gavin Patterson, said he believes he is handing over the business to new boss Phil Jansen with “good momentum behind its ongoing transformation programme”
BT investors fret over what German rival Deutsche Telekom might do with its big stake in the UK group
The lock-up on Deutsche Telekom’s 12% holding in BT — a legacy of the £12.5bn sale of mobile phones business EE to the FTSE 100-listed firm in 2015 — ended on January 29
Inmarsat wins contract to provide GX Aviation inflight broadband solution to Indonesian national airline Garuda
The FTSE 250-listed global mobile satellite communications group said more than 175 aircraft within the Garuda Indonesia Group will now be equipped with GX Aviation
BT's Openreach to recruit another 3,000 apprentice engineers for ultra-fast fibre-to-the-home broadband roll-out
The jobs — about 1,600 of which will be new roles — are an extension of the company’s largest-ever recruitment drive to hire 6,500 apprentice engineers this year and next
BATM rises as it inks US$30mln investment agreement to develop molecular diagnostics solution
The firm said the initial US$14.5mln would be funded by the end of March, while the remaining US$15.5mln is to be funded by the end of 2020
BT to post weaker third quarter earnings as investors wait to hear from new boss
Berenberg sees BT's full-year results in May as an opportunity for new boss Phil Jansen to lay out his plan for the business
Vodafone expects 2019 earnings to drop as new accounting measures dent revenues
Vodafone's third-quarter revenue was dented by the adoption of IFRS 15 rules, the sale of its Qatar stake and foreign exchange headwinds