Summary of today’s industry news: More negative financial news for Nokia. The Finnish vendor admitted that his 2023 net sales, operating margin and free cash will fall below his flow targets. Japan’s Rakuten Mobile will have 6 million customers by 2023. Serial operator Xavier Niel is the latest name to be considered for the acquisition of Altice Portugal. etc!
nokiaeconomic hardship has not subsided.vendor, i.e. Up to 14,000 jobs cut As part of a company-wide restructuring process, Review medium-term financial goals last month following AT&T’s Radio Access Network (RAN) Business Loss. And this is how 2023 ended. announcement The Nokia Technologies unit, which manages and monetizes an extensive patent portfolio, was unable to close deals on some key technologies, resulting in a decline in full-year 2023 financials in terms of net sales, comparable operating margins and free cash flow. The projections will not be achieved.” These contracts will therefore be included in his 2024 financials (assuming, of course, that they are concluded within the next 12 months…). Nokia also said that while fourth-quarter net sales improved from net sales reported in the third quarter, the final three months were affected by “ongoing customer spending constraints and recently communicated customer purchases.” “It turned out to be a little more difficult than expected given the decision.” This was in reference to his AT&T decision to replace Nokia with archrival Ericsson in revamping its mobile access network. Full details of the fourth quarter financials are expected to be shared on January 25th, when the company releases its full-year 2023 results. The company’s share price is currently 3.09 euros, down about 30% from a year ago, giving Nokia a market value of 17.4 billion euros.
rakuten mobile 6 million mobile customers by 2023; According to Japanese competitors, which means it added about 500,000 customers in the last quarter of last year. It took nearly three years for the carrier, which has spent billions of dollars to accelerate its network investment cycle and more quickly reduce its reliance on roaming partner KDDI, to get to this point, and the impact was severe. There is a long way to go before it starts appearing. Japan’s three major mobile service providers, NTT Docomo, KDDI, and Softbank, control a mobile phone connection market of approximately 200 million. Rakuten Mobile’s market share is currently around 3%. For more information on Rakuten Mobile’s strategy, investments, challenges, and competitors, please refer to our previous article. Rakuten Mobile is still stuck in 1st gear.
Artis Portugal The number of potential suitors appears to be increasing.Serial telecommunications entrepreneur and owner of French telecommunications group Iliad Xavier Neal The Portuguese business is reportedly up for acquisition as owner Patrick Drahi’s Altice Group looks to pay down some of its staggering $60 billion pile of debt by selling assets. It is reported that he is interested. According to a report from Bloomberg (Available here via BNN Bloomberg), Neil has expressed interest and is in the race for Altice Portugal, which has previously attracted interest from Saudi telecoms giant STC and others (with acquisition scheduled for December 2023). emerged as a potential suitor Private equity firm Warburg Pincus has reportedly teamed up with former Credit Suisse chairman Antonio Horta-Osorio to provide more than €7 billion for the Portuguese operation. With a bid of over 6 billion euros. Bloomberg further reported that bidders will be shortlisted in early 2024. Of course, Neil is already at the center of the current telecom M&A scene following Iliad’s recent proposal to merge its Italian operations with Vodafone Italia. Iliad sues Vodafone over €10bn Italian merger proposal.
still together Niel… Türksel sold its business in Ukraine, including a mobile phone company; life cell (approximately 9.1 million customers), to an investment company NJJ Capital, part of the Frenchman’s business empire. Financial details were not disclosed, but According to Turkcell The value of the assets sold is approximately 15.2 billion Ukrainian hryvnia ($400 million).
As I expectedincluding several UK carriers BTit seems that the deletion deadline of the end of 2023 was not met. huawei equipment from the core network, According to ISPreviewHowever, the UK government is expected to decide not to impose financial penalties on telcos, giving them more time to replace all Chinese vendor technology from their core network platforms. BT is certainly close to achieving its goals – a spokesperson for the British state-run telecoms company told Bloomberg that “All 4G and 5G data sessions and voice calls are currently delivered by non-Huawei core equipment. This means that more than 99% of all core traffic is currently delivered by non-Huawei kit. The remaining 1% is linked to legacy 2G and 3G networks.
UAE-based carrier group e& Negotiations to increase stake in Saudi Arabian mobile phone company concluded mobile 28% to 50% plus 1 share. “While the contract period has passed, we have not been able to determine a future method to conclude the potential transaction,” the carrier explained. With a simple notification to the Abu Dhabi Stock Exchange. Although e& does not intend to pursue the possibility of increasing its ownership in Mobily, the company remains “positive about Mobily’s future in the rapidly growing Saudi market” and will continue to support Mobily as its largest shareholder. He emphasized that. The Emirates carrier first revealed his intention to expand his Mobily ownership in March 2022, indicating he was willing to spend more than $2.1 billion to boost his position in the Saudi market. I did. What’s going on…Malaysia, Etisalat, NTT, Schneider’s 5G.
Softbank Increased investment ratio in T-Mobile US Shares rose from 3.75% to 7.64% as a result of the US operator’s issuance of 48.75 million new shares worth about $7.6 billion. The new capital increase is related to an agreement signed in 2020 between US telecommunications company SoftBank and Deutsche Telekom, T-Mobile US’s largest shareholder. Softbank sells Sprint to T-Mobile US in a $26.5 billion all-stock deal. read more.
america mobile and liberty latin america has agreed to provide up to 972.4 billion Chilean pesos (US$1.1 billion) in additional capital to ClaroVTR, a Chilean joint venture that provides fixed, mobile and pay TV services. América Móvil said in a statement that the new funding will be provided until June 30, 2024, to support ClaroVTR’s business plans and to enable the refinancing of certain bank debt guaranteed by América Móvil at the time the joint venture was established. I explained that it would be done. The parties also agreed to terms regarding possible changes related to ClaroVTR’s 50:50 ownership structure. Additionally, the companies have agreed that either América Mobil or Liberty Latin America may sell or purchase additional shares of ClaroVTR in 2026, subject to certain requirements being met. learn more.
threeWe are currently trying to merge with. vodafone ukwhich has attracted attention for paying out nearly £2 billion in dividends to its owners. CK Hutchison, The Guardian newspaper reports. The carrier says the payment is the result of a windfall from the sale of the tower to Cellnex, but critics say the dividend payment was made just as prices were increasing by 14%. It points out that this move shows that the mobile phone operator is more profitable than Cellnex. it claims.
optics vendor in india HFCL Wins 11.27 billion rupees ($135 million) contract from India’s national carrier BSNLThe company has to invest heavily in data transfer and mobile access networks to remain even vaguely competitive in a market increasingly dominated by Reliance Jio and Bharti Airtel. read more.
Olusegun Segun Ogunsanya has resigned as CEO. airtel africaoperates in 14 sub-Saharan markets and will be succeeded by Sunil Taldar He joined Airtel Africa in October 2023 as Director of Transformation. Taldar will help. Ogunsanya in the coming months and beyond Appointed to the board as an executive director and appointed as CEO July 1 2024, at which point Mr. Segun will retire as a director and from the company. This news was communicated as Airtel Africa’s customer base. Over 150 million first time.
– TelecomTV Staff