Croatian incumbent Hrvatski Telekom has filed an application to participate in an auction of 800MHz airwaves that regulatory authorities failed to sell a year ago.
The operator – controlled by Germany’s Deutsche Telekom (Bonn) – was one of two companies to win a 2x10MHz block of 800MHz spectrum during an auction in October 2012, paying €20 million ($27.6 million) for its license.
Rival operator Vipnet, the other license winner, also paid €20 million for its concession, but the remaining 2x10MHz block remained unsold at the auction’s conclusion.
France’s Numericable is reported to have announced plans for an initial public offering valuing the cable company at some €5.57 billion ($7.69 billion).
According to a report from Dow Jones Newswires, the operator plans to raise around €652.5 million in new capital, including €250 million from a capital increase.
Meanwhile, private-equity owners Carlyle and Cinven are looking to sell another €402.2 million as part of the offering, which would give Numericable (Paris, France) an enterprise value of between €5.06 billion and €5.57 billion, including €2.75 billion in debt.
The GSM Association (GSMA) has announced that Telenor’s Jon Fredrik Baksaas will serve as its chairman for the remainder of the current Board term, which is set to expire in December 2014.
Baksaas had been appointed as acting chairman following the resignation of Telecom Italia’s (Milan, Italy) Franco Bernabe, who quit his GSMA shortly after stepping down as boss of the Italian phone incumbent.
Shares in America Movil fell nearly 3 percent on Friday after Latin America's biggest phone company reported a sharply lower profit and on concerns over the investment strategy of billionaire Carlos Slim's flagship company.
On a conference call on Friday, a day after the company released quarterly earnings, analysts repeatedly asked questions about America Movil's (Mexico City, Mexico) plans in Europe. The company announced last week it would not proceed with a planned offer for Dutch phone company KPN (The Hague, Netherlands).
Austria's telecoms watchdog will hold a hearing of complaints by operators about the 2 billion euro ($2.8 billion) auction for fourth-generation frequencies, which was criticized for being too expensive.
The 4G auction in Europe's most price-competitive telecoms market raised four times the minimum set by the regulator and was the most expensive in Europe per head of population.
This conference will provide delegates with an opportunity to hear from industry leaders on the challenges facing the telecoms sector. Sessions will focus on rural broadband, legal and property issues, technology and mobile infrastructure with highlights including:
French telecoms incumbent Orange has reported a slump in earnings and revenues for the three months ending September, with regulation and competition weighing heavily on the operator in its economically challenged European heartlands.
The operator witnessed a 4% drop in revenues, to €10.16 billion ($14 billion), and saw restated earnings before interest, taxation, depreciation and amortization (EBITDA) fall by 7%, to €3.37 billion, in its third quarter.
Telekom Austria may have to risk its credit rating, which it said earlier this year was its top priority, to raise debt for a costly frequency auction, its chief executive said.
The company said late on Monday it would pay 1.03 billion euros ($1.41 billion) to buy half the spectrum on offer in an auction for Austrian fourth-generation frequencies, almost three times as much as most analysts had expected.
UK operator EE says it has now signed up nearly 1.2 million 4G customers less than a year after first launching services, while reporting a decline in revenues for the three months ending September.
The company’s 4G progress means it has easily beaten an end-of-year target of capturing one million customers and now covers about 60% of the UK’s population with the high-speed technology.
Rivals Telefonica (Slough, UK) and Vodafone (Newbury, UK) launched 4G services at the end of August but have yet to extend networks outside a handful of the country’s biggest cities.
Telematics player Kore is now making its M2M services available over the network of UK network operator EE, allowing it to meet the needs of customers across a range of new geographical markets in Europe, Africa and the Middle East.
Kore (Alpharetta, GA, USA) first announced details of the partnership at the CTIA Wireless Show held in Las Vegas in May, saying the partnership would allow the companies to jointly explore M2M programs in a number of countries.