Telecommunication Services

Vodafone Shares Rise After Iliad Group Proposes Merger of Italian Operations

18Dec

By adminNo Comments

World

Vodafone Shares Rise After Iliad Group Proposes Merger of Italian Operations

Updated Dec. 18, 2023 3:59 am ETShares of Vodafone Group rose 4.6% after Iliad Group said that it has put forward a proposal to the company to merge their Italian businesses in a deal that values Vodafone Italia at 10.45 billion euros ($11.38 billion).The European telecom company said Monday that it is planning to create a new company jointly owned with Vodafone that will combine their Italian businesses.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Where a Financial Adviser Goes for Advice

9Dec

By adminNo Comments

World

Where a Financial Adviser Goes for Advice

Updated Dec. 9, 2023 12:17 am ETIn Personal Board of Directors, top business leaders talk about the people they turn to for advice, and how those people have shaped their perspective and helped them succeed. Previous installments from the series are here.Chris Donini is a man some of the biggest companies in the world turn to when they need help. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

British American Tobacco to Write Down $31.5 Billion on U.S. Brands

7Dec

By adminNo Comments

World

British American Tobacco to Write Down $31.5 Billion on U.S. Brands

Updated Dec. 6, 2023 1:54 pm ETBritish American Tobacco is booking a $31.5 billion charge to slash the value of its U.S. cigarette business, one of the biggest corporate write-offs in recent history.The accounting charge, largely stemming from its 2017 takeover of the U.S. maker of Newports and Camels, falls short of the value erased by the failed merger of AOL and Time Warner.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

SoftBank Corp. to Invest $513 Million in Software Provider for Connected Vehicles

5Dec

By adminNo Comments

World

SoftBank Corp. to Invest $513 Million in Software Provider for Connected Vehicles

SoftBank Corp.is set to invest 473 million euros, equivalent to $513 million, in Cubic Telecom, a provider of software that helps vehicles link to computer networks and analyzes data from connected vehicles, it said Tuesday.The mobile unit of Japanese technology investor SoftBank Group plans to take a 51% equity stake in Cubic Telecom, valuing the Dublin, Ireland-based company at more than EUR900 million.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

AT&T Drops Nokia for Ericsson in $14 Billion Deal

5Dec

By adminNo Comments

Money

AT&T Drops Nokia for Ericsson in $14 Billion Deal

Updated Dec. 4, 2023 6:22 pm ETAT&T struck a deal with Ericsson to buy up to $14 billion of its hardware and services after the Swedish equipment supplier pledged to open up its software to competing systems.The five-year agreement would move virtually all of AT&T’s new purchases of certain cell-tower equipment to Ericsson, replacing existing machinery from Finnish rival Nokia in many markets. The Dallas-based telecom giant said it plans to start the swap next year and aims to have 70% of its wireless network traffic passing through open platforms by late 2026.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Telefonica Proposes Workforce Restructuring for 5,124 Jobs in Spain

5Dec

By adminNo Comments

Technology

Telefonica Proposes Workforce Restructuring for 5,124 Jobs in Spain

Updated Dec. 4, 2023 1:44 pm ETTelefonica proposed a workforce restructuring plan that will affect 5,124 jobs in Spain as part of its reorganization.The Spanish telecommunications company on Monday told unions that it aims to implement a labor force adjustment plan by 2026, due to organizational, technical and production needs, a spokesperson from trade union UGT told Dow Jones Newswires.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

4Dec

By adminNo Comments

World

Telefonica Proposes Workforce Restructuring for 5,124 Jobs in Spain

Telefonica proposed a workforce restructuring plan that will affect 5,124 jobs in Spain as part of its reorganization.The Spanish telecommunications company on Monday told unions that it aims to implement a labor force adjustment plan by 2026, due to organizational, technical and production needs, a spokesperson from trade union UGT told Dow Jones Newswires.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Tech, Media & Telecom Roundup: Market Talk

30Nov

By adminNo Comments

World

Tech, Media & Telecom Roundup: Market Talk

The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0834 GMT – ASML Co-Presidents Peter Wennink and Martin van den Brink are set to retire upon completion of their current appointment terms, which creates some uncertainty, Citi analysts say in a note. However, Citi adds that it doesn’t anticipate any major change in ASML’s strategy or targets knowing that the Dutch semiconductor company has been preparing for such an event for some time, and with Christophe Fouquet—who has been at ASML for 15 years—assuming the role of president. Shares are down 1.21% at 53724.33 pence. ( najat.kantouar@wsj.com)Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 ...

Elliott Renews Push for Change at Big Wireless-Tower Owner

27Nov

By adminNo Comments

World

Elliott Renews Push for Change at Big Wireless-Tower Owner

Elliott Investment Management plans to push for changes at Crown Castle International after the activist failed to gain traction when it first took a stake in the big owner of wireless towers.Elliott has amassed a stake of more than $2 billion in Crown Castle, which has a market value of nearly $45 billion, and plans to engage with the company about ways to boost its shares, according to people familiar with the matter.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

24Nov

By adminNo Comments

World

Tech, Media & Telecom Roundup: Market Talk

Nov. 24, 2023 12:32 pm ETThe latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1110 ET – European telecommunications operators’ price increases over the past year are starting to pay off and revenue growth could pick up in 2024, Barclays analysts say in a research note. Telecom-service revenue rose across most major European markets in the third quarter, and growth accelerated compared with the first and second quarters, Barclays says. Revenue growth could come alongside lower energy costs next year, boosting earnings, but this improving outlook doesn’t seem to reflect in the sector’s market performance and valuation, Barclays says. The U.K. bank sees good investment opportunities in Deutsche Telekom,...