|Bid||166.80 x 230500|
|Ask||167.00 x 301900|
|Day's range||165.50 - 167.00|
|52-week range||122.50 - 169.00|
|PE ratio (TTM)||170.76|
|Earnings date||25 Oct 2017|
|Forward Dividend & Yield||0.85 (4.19%)|
|1y target est||162.20|
(San Jose and Fornebu, October 5, 2017) - Telenor Group and Cisco today announced their support to launch " WorkingGroupTwo " (WG2), a new business entity that will offer mobile operators a ...
Europe's largest mobile telecoms companies called on European Union governments on Monday to end their resistance to awarding wireless spectrum licences for at least 25 years to encourage investment and innovation. In a letter to European ministers meeting in Estonia, the companies said they were deeply concerned about discussions in Brussels over spectrum reform and a failure to create the right framework would affect all industries relying on the internet. "Failure to establish a well-functioning and investment-friendly spectrum framework risks stifling innovation, growth and development for decades to come," chief executives from nine European telecoms firms wrote.
Global telecoms operator VEON Ltd said on Friday it plans to name two outside directors, resulting in a board majority independent of its two main investors and marking the latest move to transform the company. In a statement, the Amsterdam-based company said it planned to put forward Ursula Burns, former chairman and chief executive of Xerox Corp from 2009 to 2016, and one of the world's most high profile female corporate leaders. It also named Guy Laurence, the British telecoms industry veteran who left last year as CEO of Rogers, the C$13.7 billion dollar Canadian telecoms and media group.
Global venture capital firm Accel led the so-called Series A round, which included participation from previous investors Earlybird Venture Capital, Credo Ventures and Seedcamp. Earlybird and Credo have funds focused on Central Europe. Its customers include German airline Lufthansa (Xetra: LHAB.DE - news) , Italian insurer Generali (EUREX: 566030.EX - news) and Norwegian telecoms company Telenor (EUREX: 1160189.EX - news) .
Britain's Vodafone Group (NasdaqGS: VOD - news) and Idea Cellular (BSE: 532822.BO - news) agreed on Monday to merge their Indian operations in a $23 billion deal, creating the country's biggest telecoms business after the entry of a new rival sparked a brutal price war. The combined entity would have almost 400 million customers, overtaking market leader Bharti Airtel (BSE: BHARTIARTL.BO - news) to account for about 40 percent of revenue of the world's second-biggest mobile phone services market by users after China. The deal shows how India's mobile industry is being transformed by the launch of Reliance Jio Infocomm's 4G mobile broadband network last year.
FRANKFURT/LONDON, Feb 24 (Reuters) - Seeking to escape a cycle of falling prices and tight regulation, big telecom operators from Vimpelcom (Frankfurt: 35V.F - news) to Telefonica (LSE: 826858.L - news) are set to reinvent themselves as internet players to escape the industry's straight-jacket of low growth. Next (Frankfurt: 779551 - news) week's Mobile World Congress in Barcelona will feature phone companies in various stages of acceptance that the industry's predictable, decades-old business model based on selling data packages by the millions is running out of steam.
A proposed merger between Vodafone's India operation and Idea Cellular (BSE: 532822.BO - news) would create a market leader in India's crowded and hyper-competitive telecoms sector, forcing smaller players into two likely options: merge or exit altogether. Britain's Vodafone confirmed on Monday it was in talks to merge its Indian subsidiary with its local rival in an all-share deal, driving Idea's shares to a near six-month high on Tuesday.