PARIS (Reuters) - Europe's big telecom firms are back to rude financial health after years of poor results and regulatory pressure, drawing crowds of new investors and protests from rivals who worry the formerly state-owned companies may rebuild their monopolies.
Germany's Deutsche Telekom and Spain's Telefonica have predicted that revenues will grow this year, while France's Orange and Norway's Telenor have promised higher future dividends, a major motivation for investors in the sector.
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PARIS (Reuters) - Billionaire Patrick Drahi is aiming to buy Vivendi's 20 percent stake in Numericable-SFR to strengthen his grip on France's No.2 telecoms group and prepare for a possible next round of industry consolidation.
Drahi's holding company Altice and its subsidiary Numericable-SFR said on Wednesday they had offered Vivendi 3.9 billion euros ($4.5 billion), or 40 euros a share, for the media firm's stake.
WASHINGTON (Reuters) - Lockheed Martin Corp, the No. 1 provider of information technology to the U.S. government, said it expected double-digit growth in its overall cybersecurity business over the next three to five years, and even bigger gains in the commercial sector.
Lockheed, also the Pentagon's biggest supplier, said it was making strong inroads in the commercial market by leveraging a dozen years of experience and intelligence gathered while guarding its own networks and those of government agencies.
(Reuters) - Akamai Technologies Inc's quarterly profit and revenue beat market estimates as demand jumped both for its security products and mainstay content delivery businesses.
Akamai shares shot up 5 percent in extended trading on Tuesday before shedding some gains after it issued a cautious forecast for the current quarter.
Revenue in Akamai's security business soared 24.7 percent to $239.7 million in the fourth quarter ended Dec. 31.
High-profile hacking incidents have dogged companies including Sony Corp, Target Corp and health insurer Anthem Inc in recent years.
SAN FRANCISCO (Reuters) - With its surprise endorsement of a stricter U.S. regulatory regime for Internet service providers, Sprint Corp wanted to show that tougher rules would not stop rival telecom players from investing, Chief Technology Officer Stephen Bye said in an interview.
"It's one of those topics that is highly charged, highly politicized and we took a step back and said it works in the interest of our customers, our consumers and the industry and we frankly found some of the arguments (of our competitors) to be less than compelling," Bye told Reuters this week.
(Reuters) - Network equipment maker Cisco Systems Inc reported stronger-than-expected quarterly revenue and profit as demand for switching equipment and routers helped make up for weak spending by the company's traditional telecom customers.
Cisco, which saw its shares rise 5.6 percent in extended trading on Wednesday, has been trying to make a transition toward a new cycle of high-end switches and routers.
""We executed very well in a tough environment, and I'd say our strategy is playing out like we expected," Chief Financial Officer Kelly Kramer told Reuters.