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
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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
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
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