Mobile Streams narrows loss but revenues drop amid tough market conditions
The company said India’s mobile phone market has faced heightened competition in the past year, leading to the merger of Idea and Vodafone and the bankruptcy of Aircel
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Telecommunications
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Inmarsat shares sink as revenue drops in major Maritime division
The FTSE 250 mobile satellite firm reported group revenues climbed 3.7% to US$369.3mln, however its Maritime arm, comprising 36% of the takings, dropped 5.7% year-on-year
Vodafone has target price cut by JP Morgan Cazenove amid dividend and growth concerns
In a note to clients, analysts at the US investment bank said in contrast to 2017 when Vodafone hit multi-year highs, this year it had suffered a “dramatic de-rating”
Blockchain Worldwide makes bid for company set up by RBS’s old blockchain team
Richard Crook and a handful of his engineers left RBS back in September to set up their own blockchain company, which Blockchain Worldwide is now eyeing up
BT share price spike short-lived after media report suggests Deutsche Telekom looking at takeover bid
The Financial Times website’s Alphaville column said there had been conjecture from multiple sources that Deutsche Telekom "has recently been working with advisors" on a full takeover of its UK rival
BT's turnaround plan pays off but challenges remain for incoming boss
Analysts still think BT's dividend yield looks robust after the company lowered its interim dividend
BT shares surge despite dividend cut as it expects earnings to hit top end of guidance
Regulated price reductions in the Openreach network and a poor performance in its enterprise businesses dragged revenue lower in the first half
Allot Communications reaches deal with Swiftel Networks
Allot will provide Swiftel with a distributed denial-of-service (DDoS) protection system to offer it as a service across their broad network of internet service provider and enterprise customers
Vodafone has price target cut by UBS on Italy costs and UK earnings concerns
UBS made the cut due to higher costs at Vodafone's Italian business and expected lower earnings in the UK
Snap beats Street's 3Q revenue and profit estimates, but still struggles to draw new users
Snap’s redesign has faced challenges attracting more users since its introduction last year
BT Group appoints Worldpay boss Philip Jansen as new CEO
Jansen, who is taking over from Gavin Patterson, will earn £1.1mln a year plus an annual bonus of up to £2.64mln
Rogers Communications' wireless investment paying off as 3Q profit beats expectations
The group also raised full-year 2018 guidance for adjusted underlying earnings (EBITDA) growth
BT tops FTSE 100 in week of global market turmoil amid break-up speculation
AJ Bell's Russ Mould thinks a break-up of BT is unlikely but expects to see a new strategy for the business from the next chief executive who replaces Gavin Patterson
Vodafone ticks up as Italian arm snaps up spectrum for €2.4bn to develop 5G coverage
The FTSE 100 telecoms firm said the spectrum included a range of 3700 megahertz, which would be immediately available to rapidly develop 5G services
Ofcom opens probe into BT Group and Vodafone UK mobile coverage errors
Ofcom said it had found errors in the coverage data provided by Vodafone and EE relating to 4G and 3G mobile coverage
BT Group reportedly in advanced talks to appoint outgoing Worldpay boss to replace Gavin Patterson
Sky News reported that Philip Jansen is believed to be the preferred candidate to replace Patterson, who revealed in June he would stepping-down towards the end of this year
Inmarsat lifted as it unveils collaboration with Panasonic Avionics
The FTSE 250-mobile and telecoms firm said that under the agreement, it would become Panasonic’s exclusive provider of Ka-band in-flight connectivity for commercial aviation
Berenberg lifts BT Group target price to 270p from 260p, repeats ‘buy’ rating citing ‘semi-soft’ Brexit deal hopes
The German bank's analysts concluded: “If our base case of a semi-soft Brexit is achieved, this removal of ‘fat tail’ risks should be a positive”
Wedbush upgrades Snap to Outperform, raises price target on confidence in turnaround
The analysts were confident Snap would ‘turn the corner sooner rather than later,’ benefitting from new executive leadership
Vodafone divi “at risk” but still worth a punt, says Citi
Analyst Georgios Ierodiaconou acknowledges that there are issues for Vodafone, particularly overseas, but reckons there are enough positives for investors to take a chance on the stock