|Bid||4.9300 x 1300|
|Ask||4.9400 x 3000|
|Day's range||4.9200 - 4.9600|
|52-week range||3.7500 - 8.5500|
|Beta (5Y monthly)||1.05|
|PE ratio (TTM)||7.79|
|Forward dividend & yield||0.44 (9.34%)|
|Ex-dividend date||17 Dec 2019|
|1y target est||6.84|
CK Hutchison Holdings Ltd <0001.HK> has won a victory against an EU antitrust decision blocking its 10.3 billion pound bid to buy O2 UK from Spain's Telefonica <TEF.MC> in 2016. Thursday's ruling by the Luxembourg-based General Court marks a rare setback for the European Commission's competition watchdog but will cheer a telecoms industry seeking a looser rein on mergers aimed at sharing heavy 5G investments. Hutchison welcomed the court ruling, criticising regulators for a "misconceived default view" on four-to-three telecoms mergers, which it said had put a brake on consolidation in the sector.
Ciena's (CIEN) technology will enable the U.K. carrier to augment network automation capabilities and gain greater control over its operations while reducing costs and improving reliability quotient.
The biggest deal since the coronavirus forced the world into a lockdown was sealed thanks to a frantic round of late night calls among bearded faces and without even a virtual toast to mark the creation of a new force in the British telecoms sector. Telefonica <TEF.MC> started courting Liberty Global <LBTYA.O> in October sharing its ambition of crafting a deal for its British mobile operator O2 that would help the Spanish telecoms firm cut debt while retaining significant exposure to the UK market, three sources close to the deal told Reuters. Liberty's billionaire founder John Malone was onboard, eager to extract value from British cable firm Virgin Media [VMII.UL].
The regulators said "NO" when Telefonica tried to combine its O2 operations in the UK with rival carrier, Hutchison-owned Three, back in 2015. Telefonica and Liberty Global today announced a plan to merge the Spanish telco's UK mobile carrier O2 with Virgin Media, a pay-TV and broadband provider in the country owned by Liberty.
Liberty Global and Telefonica have agreed to merge their British businesses in a $38 billion deal that will create a powerhouse in mobile and broadband to take on market leader BT. In the biggest shake-up of the British telecoms market for five years, the deal will bring together the biggest cable TV provider in Liberty's Virgin Media with Telefonica's O2, the second-largest mobile operator. The tie-up mirrors a succession of European deals struck by Liberty's billionaire founder John Malone to create one-stop shops for mobile and broadband.
Internet supplier Virgin Media and mobile phone carrier O2 plan to merge and create a big new telecommunications provider in the U.K., the brands’ parent companies announced Thursday. Virgin Media’s owner, Anglo-Dutch-American firm Liberty Global, and Spain’s Telefonica, which owns O2, valued the new company at 31 billion pounds ($38 billion). Telefonica chief executive Jose Maria Alvarez-Pallete said that “combining O2′s number one mobile business with Virgin Media’s superfast broadband network and entertainment services will be a game-changer in the U.K.”
Britain's biggest telecoms group BT <BT.L> suspended its dividend and said it would spend billions more on faster fibre broadband connections, as it prepares to meet the challenge posed by the merger of two of its biggest rivals. BT said the saving from suspending its dividend until 2021/22 would see it through the expected financial crash caused by the coronavirus pandemic, which is leading to lower revenue from sports customers, reduced business activity and more cautious spending from multinational customers. It will also help fund a 12 billion pound ($15 billion) plan to upgrade its legacy copper network to full fibre.
Spanish telecoms company Telefonica SA <TEF.MC> withdrew its 2020 financial guidance after reporting a sharp fall in first-quarter net profit on Thursday. Net profit fell to 406 million euros ($438 million) from 926 million a year earlier on revenue of 11.37 billion, in line with forecasts from analysts polled by the company. Europe's fourth-largest telecoms firm by market value said the impact on profits of the coronavirus was limited, as lower revenues from roaming, prepaid and business customers were partly offset by lower commercial costs and lower customer churn.
The companies are expected to announce the deal to merge Telefonica's British mobile operator O2 and Liberty's Virgin Cable network company on Thursday after five months of negotiations, the newspaper said citing sources. The parent companies, which expect to achieve 700 million pounds worth of synergies by merging, would have equal ownership of the combined entity, the report said, adding that Telefónica would receive 5.5 billion pounds in cash to help it reduce its heavy debt. Liberty Global and Telefónica did not immediately respond to Reuters requests for comment.
The two have started a negotiation process to merge Telefonica's British mobile operator O2 and Liberty's Virgin Media network company, the Spanish company said in a stock market filing. There is "no guarantee, at this point, of its precise terms or its probability of success," Telefonica added.
What happened Shares of both Liberty Global (NASDAQ: LBTYA)(NASDAQ: LBTYK) and Telefonica (NYSE: TEF) traded higher on Friday, after Bloomberg reported these telecommunication companies are planning to merge operations in the United Kingdom.
Spain's Telefonica SA <TEF.MC> is in talks with billionaire John Malone's Liberty Global Plc <LBTYA.O> to explore a merger of its British mobile operator O2 with Liberty's Virgin Media cable network company, two sources familiar with the matter said. Telefonica has been weighing options for the mobile business since 2016 when a previous 10.3 billion pound deal takeover of O2 by Three UK, controlled by CK Hutchison Holdings <0001.HK>, was blocked by European antitrust regulators, banking sources said. A combination of O2 and Virgin Media would reshape Britain's telecoms industry, leaving Hutchison and Vodafone <VOD.L> stranded without their own fixed-line consumer networks.
Britain's big telecoms providers have agreed to remove all data caps on fixed-line broadband services that have become a lifeline for people isolated at home during the coronavirus crisis, the government said on Sunday. The companies, which include BT, Virgin Media , Sky and TalkTalk, committed to support and protect vulnerable customers during the pandemic after talks with the government and regulator Ofcom.
Shares in Telefonica Brasil SA <VIVT4.SA> and TIM Participações SA <TIMP3.SA> rose in the morning trading as both companies said they are planning a joint offer to buy the mobile unit of bankrupt Brazilian carrier Oi SA <OIBR3.SA>. The move comes months after the struggling carrier, which filed for bankruptcy protection in June 2016, told market participants early in December it had hired financial advisors to put a value on its mobile unit. Preferred shares in Oi rose as much as 18% on Wednesday morning, while TIM stocks surged up to 8.3% and Telefonica Brasil climbed 4.4% before trimming earlier gains.
Alphabet and SoftBank's attempts to launch flying cellphone antennas high into the atmosphere have received backing from global telcos, energising lobbying efforts aimed at driving regulatory approval for the emerging technology. Loon, which was spun out of Google parent Alphabet Inc's business incubator, and HAPSMobile, a unit of SoftBank Group Corp's domestic telco, plan to deliver high speed internet to remote areas by flying network equipment at high altitudes.
Shares in Spain's Telefonica <TEF.MC> dived in opening trade on Thursday, leading losers on Madrid's blue-chip index after the company posted a sharp fall in net profit mainly due to an expensive layoff programme in its home country. Along with its peers, Europe's fourth-largest telecoms group is battling to boost profit growth in an increasingly crowded market, and promised to reinvent itself in November. As part of the turnaround plan, Telefonica offered early retirement to employees aged 53 or over in Spain, contributing to 2.2 billion euros in restructuring provisions that led to a 66% fall in reported full-year net income.
Spanish health officials said on Wednesday there was no reason to cancel the Mobile World Congress in Barcelona over coronavirus fears, despite major companies pulling out of the event. National Health Minister Salvador Illa said the government's goal was protecting people's health, but that it would take additional measures if necessary. The assurance came after behind-the-scenes pressure on Spanish authorities to declare that holding the event in Barcelona would pose a public health risk, which could potentially in turn trigger a payout on any event insurance taken out by the organisers.
Ciena (CIEN) provides its much-acclaimed WaveLogic 5 Extreme technology to Telxius to deliver high-end programmability and networking solutions across long-haul set-up and submarine applications.
The approval from the regulatory agency is likely to strengthen the market position of BCE's Bell Canada and enable it to thwart the growing menace of unwanted spam calls.
With specialized routing and intuitive search capabilities, Comtech (CMTL) offers the iconic motorcycle manufacturing firm a competitive edge over rivals for an unrivalled biking solution.
Cincinnati Bell (CBB) teams up with YouTube TV to deploy the latter's on-demand streaming services in Greater Cincinnati and Hawaii through cost-efficient content platform.
Spain's Telefonica plans to drastically reduce the amount of equipment it buys from Chinese technology giant Huawei [HWT.UL] for the core of its next-generation mobile networks in Europe, its Chief Technology and Information Officer (CTIO) said. Choosing manufacturers for network equipment has become a political hot potato since Washington imposed an export ban on Huawei, the global market leader, but Telefonica's shift away was "a purely technical decision", CTIO Enrique Blanco said. Until now, Telefonica has relied entirely on Huawei for its core 4G networks in key markets of Spain and Germany, but under the new strategy, this will disappear by 2024.