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
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Telecommunications
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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
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