DOCSLIB.ORG

Annual Report All the News and Industry Trends from the Past 12 Months, Plus a Look Ahead to What 2014 Has in Store

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report All the News and Industry Trends from the Past 12 Months, Plus a Look Ahead to What 2014 Has in Store PREINCLUD D FOR ICTIONS2014 ES BUSINESS ANALYSIS FOR TELECOMS PROFESSIONALS DECEMBER 2013 TIMELINE TECHNOLOGY BUSINESS GEOGRAPHY EVENTS A round-up of some Closing the Loop: Moving On: Big Numbers: Dates for your diary and of the major stories Mobile-only operators will 2013 saw certain big Mobile connections are details of the must-attend reported in our daily become a thing of the past, names in the industry head rocketing, driving up capex, events in the telecoms news service but telcos have to decide for pastures new, some but rveneues are not industry over the coming www.totaltele.com whether to buy or build more willingly than others following suit months OPINION ANNUAL REPORT All the news and industry trends from the past 12 months, plus a look ahead to what 2014 has in store s is customary in this December issue, we take a look back at the key events in telecoms over the Apast 12 months and set out our predictions for the year ahead. 2013 was quite a year. This time last year Vodafone’s exit from the US was just one of those rumours that resurfaced from time to time, whenever it was a quiet news week. The idea of former Nokia CEO Stephen Elop selling the company to Microsoft was something we joked about but didn’t really believe. And we didn’t expect the likes of BT, Telecom Italia and Belgacom to be going into 2014 with new, or no, chief executives at the helm. It just goes to show that you can’t forecast the future any more than you can the British winter weather, but that hasn’t stopped us from giving it a go for next year; we stick our necks out and declare who we think will buy whom in 2014. FEATURE While M&A dominated the telecoms headlines in recent months, our review of the year takes a slightly different tack. We look at a key trend that emerged in 2013, that of mobile operators looking to buy and/or build fixed infrastructure to support their mobile FEATURE network rollouts and lower the cost of backhaul. For the full annual report, that is the key news REVIEW OF 2013 stories from the industry in 2013, see our six-page Faced with the prospect of hooking up timeline special. It’s all there! small cells, mobile operators are buying Mary Lennighan, editor and building their own fixed backhaul [email protected] @TelecomEditor 1 www.totaltele.com Fast, Flexible & In Control MEET THE AGILE OPERATOR From serving more customers, to serving more needs, from running and maintaining, to caring and creating – entering the Networked Society requires a shift in focus. As the industry moves faster, the key to success is agility. Operators need to balance customer experience, efficiency and innovation all at once. This is where we can help. Working with the world’s leading operators, we know what it takes. ericsson.com/realize @EricssonOSSBSS AgilityAd_148x210.indd 1 11/8/13 12:36 PM A round-up of the major stories in telecoms in 2013, as reported in our daily news service www.totaltele.com TOP STORIES ANALYSIS VERIZON BUYS OUT VODA 2020 VISION After years of speculation, in The specifications for the fifth generation of mobile technol- September Vodafone agreed ogy have not have been laid out yet and even those heavily to sell its 45% stake in involved in its development are unclear on what it will mean. Verizon Wireless to Verizon “[If you asked me] what is 5G? I would tell you I don’t know,” for $130 billion. The FCC said Bernard Barani, deputy head of the European approved the deal in Commission’s DG Connect, at the Total Telecom Festival in December and, pending London in December. shareholder approvals, it is Nonetheless, the industry is now starting to talk in earnest expected to close in Q1. about 5G. Specifically, people are discussing dates. Samsung arguably started it in May when it stated its aim to commer- NOKIA SELLS DEVICES UNIT cialise 5G technology by 2020, claiming a technology Also in September, Microsoft breakthrough related to millimetre wave spectrum that it agreed a €5.44 billion deal to said will essentially permit mobile speeds that are hundreds acquire Nokia’s mobile of times faster than LTE. Mobile industry analyst Bengt phones business. When the Nordstrom called the announcement a “PR trick”, noting that deal closes the Finnish 5G will not come about through the efforts of a single vendor. vendor will be left with NSN, However, it soon became clear that Samsung is not the mapping unit Here and a only player with 2020 in mind. In October Japan’s NTT patents portfolio. DoCoMo revealed it may try to launch 5G services in time for the 2020 Olympic Games in Tokyo. “It seems far-fetched but SOFTBANK SPRINTS INTO US nonetheless we need to consider it,” said Takehiro Nakamura, Japan’s Softbank took control director of NTT DoCoMo’s radio system design group. of US operator Sprint in July Huawei thinks it can be done. Towards the end of the year after a protracted battle with the Chinese vendor said it expects the first 5G networks, satellite firm Dish Network. capable of speeds upwards of 10 Gbps, will be up and running The $21.6 billion deal left by 2020. To help make that vision a reality, Huawei plans to Sprint with $5 billion in cash plough $600 million into 5G research in 2014-2018. And that and gave Softbank a 78% R&D effort will be very important. “We have already stake. achieved many technological breakthroughs in 5G research and innovation, but the majority of the work remains ahead AMERICA MOVIL’S KPN BID of us,” admitted Huawei’s rotating CEO Eric Xu. Mexico’s America Movil made a €7.2 billion offer to take control of Dutch operator KPN, but in October it chose to abandon WE HAVE ACHIEVED its ambitions rather than MANY TECHNOLOGICAL increase its bid when a BREAKTHROUGHS IN 5G shareholder group blocked RESEARCH AND INNOVATION the move. 3 www.totaltele.com TOP STORIES BIG NEWS OI SWALLOWS PORTUGAL TEL BACK OF THE NET Portugal Telecom and Oi in BT garnered a lot of attention with the August launch of its October announced that they BT Sport TV channels. However, its acquisition of broadcast will merge to create a new rights for Premiership football, rugby, and later Champions Brazil-based operator under League and Europa League football, among others, was not the leadership of current Oi made solely to shake up the UK’s pay-TV market. Rather the CEO and former Portugal telco aimed to consolidate its position in the ISP space by Telecom head Zeinal Bava. bundling BT Sport free with its broadband tariffs. It’s a strategy that does not come cheap. The rights to VODAFONE BUYS KABEL D broadcast just 38 Premiership football matches per season for Vodafone completed a €7.7 the next three years cost it £738 million. A three-year rights billion takeover offer for deal for the UEFA Champions League and Europa League set Germany’s Kabel it back £897 million, far in excess of what fierce rival BSkyB Deutschland in October, said it was prepared to pay. Nonetheless, new BT CEO Gavin securing a 76.57% stake. Patterson said despite the significant investment, BT Sport does not fall into the category of crazy money in light of KPN SELLS GERMAN UNIT some of the other projects the UK incumbent is investing in, Telefonica in July agreed to namely its £2.5 billion nationwide FTTC network. pay KPN €5 billion in cash It is also a strategy that has won a considerable number of for its German mobile unit fans. BT Sport had 1 million customers by the end of August E-Plus and to give the Dutch and 4 million a month later. With premium sports content telco a 17.6% stake in the such a big draw for UK consumers, it will be interesting to combined entity. Regulatory see how BT’s rivals hit back in 2014. scrutiny is ongoing. OPINION ITALIAN JOB Telefonica in September ADVANCING LTE brokered a deal that will see 18 months ago the UK was “behind the curve” in LTE, lagging behind coun- it increase its indirect stake tries like Azerbaijan and Angola, said EE’s chief sales officer Marc Allera in in troubled Telecom Italia, December. EE launched its LTE network in late October 2012 and the market which this year saw CEO has “moved very quickly since then,” he added. Franco Bernabe step down Indeed, the UK’s LTE spectrum auction took place in February, raising and reportedly canned a £2.37 billion. The big four all won bandwidth, as did BT, which insists it has network spin-off plan. The no plans to return to the UK mobile market, but will instead use the spec- deal has antitrust implica- trum to extend its broadband offers. Vodafone and O2 were anxious to bring tions in Latin America. LTE services to market though, something they both achieved on 29 August, while 3 quietly introduced a limited LTE offer in December. At the same EUROPEAN AmbITIONS time, EE continued to push ahead. It reached the 1 million LTE customers Hutchison Whampoa closed milestone in September, ahead of its original target, and in November inau- its acquisition of Orange gurated a small-scale LTE-Advanced network in London’s Tech City area. Austria in January and in July The UK might not be behind the curve anymore, but there were bigger agreed to buy O2 Ireland LTE-A rollouts than EE’s in 2013.
Load more

Recommended publications
  • OSB Representative Participant List by Industry
    OSB Representative Participant List by Industry Aerospace • KAWASAKI • VOLVO • CATERPILLAR • ADVANCED COATING • KEDDEG COMPANY • XI'AN AIRCRAFT INDUSTRY • CHINA FAW GROUP TECHNOLOGIES GROUP • KOREAN AIRLINES • CHINA INTERNATIONAL Agriculture • AIRBUS MARINE CONTAINERS • L3 COMMUNICATIONS • AIRCELLE • AGRICOLA FORNACE • CHRYSLER • LOCKHEED MARTIN • ALLIANT TECHSYSTEMS • CARGILL • COMMERCIAL VEHICLE • M7 AEROSPACE GROUP • AVICHINA • E. RITTER & COMPANY • • MESSIER-BUGATTI- CONTINENTAL AIRLINES • BAE SYSTEMS • EXOPLAST DOWTY • CONTINENTAL • BE AEROSPACE • MITSUBISHI HEAVY • JOHN DEERE AUTOMOTIVE INDUSTRIES • • BELL HELICOPTER • MAUI PINEAPPLE CONTINENTAL • NASA COMPANY AUTOMOTIVE SYSTEMS • BOMBARDIER • • NGC INTEGRATED • USDA COOPER-STANDARD • CAE SYSTEMS AUTOMOTIVE Automotive • • CORNING • CESSNA AIRCRAFT NORTHROP GRUMMAN • AGCO • COMPANY • PRECISION CASTPARTS COSMA INDUSTRIAL DO • COBHAM CORP. • ALLIED SPECIALTY BRASIL • VEHICLES • CRP INDUSTRIES • COMAC RAYTHEON • AMSTED INDUSTRIES • • CUMMINS • DANAHER RAYTHEON E-SYSTEMS • ANHUI JIANGHUAI • • DAF TRUCKS • DASSAULT AVIATION RAYTHEON MISSLE AUTOMOBILE SYSTEMS COMPANY • • ARVINMERITOR DAIHATSU MOTOR • EATON • RAYTHEON NCS • • ASHOK LEYLAND DAIMLER • EMBRAER • RAYTHEON RMS • • ATC LOGISTICS & DALPHI METAL ESPANA • EUROPEAN AERONAUTIC • ROLLS-ROYCE DEFENCE AND SPACE ELECTRONICS • DANA HOLDING COMPANY • ROTORCRAFT • AUDI CORPORATION • FINMECCANICA ENTERPRISES • • AUTOZONE DANA INDÚSTRIAS • SAAB • FLIR SYSTEMS • • BAE SYSTEMS DELPHI • SMITH'S DETECTION • FUJI • • BECK/ARNLEY DENSO CORPORATION
    [Show full text]
  • This Week's Stories
    For the Week Ending April 2, 2010 This Week’s Stories______ However, although the work at the 3GPP will make it possible to deploy TD-LTE at 2.6GHz in the US, Clearwire is committed to WiMax for now. Clearwire Paves Way for LTE in US March 29, 2010 "Clearwire intends to maintain our 4G leadership position, which requires us to future-proof our network and stay Clearwire LLC is part of a group of operators and vendors abreast of emerging 4G technologies and evaluate their that has asked the 3rd Generation Partnership Project potential when and if standards are reached," a Clearwire (3GPP) standards body to start work on specs that would spokeswoman wrote in an emailed response to Light allow TD-LTE to be deployed in the US in the 2.6GHz Reading Mobile. spectrum -- which is now used for WiMax -- in a move that further exposes the operator's interest in the competing Another boost for TD-LTE? proto-4G standard. Beyond the implications for Clearwire's future network technology strategy, adding the US 2.6GHz band to the The proposal to adopt the 2496MHz-to-2690MHz 3GPP LTE specs could potentially broaden the market for frequency band in the US for TD-LTE, which was first TD-LTE. highlighted on the "LTE Watch" blog, was accepted at a 3GPP meeting earlier this month. The acceptance is TD-LTE is the flavor of LTE that China Mobile will use, significant because it will enable Clearwire and other although it will deploy the technology at 2.3GHz. The spectrum holders to deploy TD-LTE, which is the time operator is looking to gain support for TD-LTE outside division duplex (TDD) version of LTE, in the US.
    [Show full text]
  • MEDIA RELEASE Vodafone Hutchison
    Hutchison Telecommunications (Australia) Limited ABN 15 003 677 227 Level 7, 40 Mount Street North Sydney, NSW 2060 Tel: (02) 99644646 Fax: (02) 8904 0457 www.hutchison.com.au ASX Market Announcements Australian Securities Exchange Date 24 January 2014 Subject: VHA Announcement Please find attached a media release from Vodafone Hutchison Australia Pty Limited. Yours faithfully Louise Sexton Company Secretary For personal use only MEDIA RELEASE Vodafone Hutchison Australia appoints new CEO Friday, 24 January 2014 – Vodafone Hutchison Australia today announced the appointment of Inaki Berroeta as CEO Vodafone Hutchison Australia. Inaki is currently CEO in Romania and will succeed Bill Morrow on 1 March. Bill Morrow will remain with Vodafone Australia until the end of March. Inaki Berroeta has served as President and Chief Executive Officer since 2010 overseeing 3500-employees (total revenue was EUR 769 million with EBITDA of EUR 276 million for the fiscal year 2012-2013). Under Mr Berroeta’s leadership Vodafone Romania has delivered growth and improved profitability in a highly competitive market and tough economic conditions. He led Vodafone Romania’s successful bid to renew and acquire a 15-year spectrum license and established the company as the first mobile carrier to offer LTE services. Outgoing CEO of Vodafone Australia, Bill Morrow, said Mr Berroeta’s international experience and passion for the Vodafone family would ensure a smooth transition and a continued transformation of the company. “Inaki is a great fit for the local team and his diverse background places him well to take Vodafone through to the next phase of its 3 year turnaround.
    [Show full text]
  • General* Virginia Private Equity Deals*
    VIRGINIA M&A ACTIVITY SNAPSHOTS 2002-2006 US M&A Global M&A Year Deal Count Volume (Millions) Year Deal Count Volume (Millions) 2006 11296 $ 1,776,292.75 2006 27912 $ 3,679,516.00 2005 10348 $ 1,297,140.12 2005 24526 $ 2,627,013.25 2004 9716 $ 971,593.81 2004 22102 $ 1,914,663.25 2003 8109 $ 627,724.56 2003 19353 $ 1,221,885.25 2002 7316 $ 528,825.06 2002 18557 $ 1,130,339.12 Virginia M&A - General* Virginia Private Equity Deals* Year Deal Count Volume (Millions) Year Deal Count Volume (Millions) 2006 437 $ 49,844.53 2006 40 $ 2,345.49 2005 381 $ 51,440.98 2005 17 $ 396.05 2004 370 $ 61,057.25 2004 14 $ 598.85 2003 293 $ 16,980.39 2003 13 $ 1,604.73 2002 282 $ 21,126.50 2002 10 $ 536.20 * Any involvement: includes deals with either target, acquirer or seller * Any involvement: includes deals with either target, acquirer or seller headquartered in the state. headquartered in the state. 2006 Active Industries - VA Industry Deal Count Volume (mil) Communications 40 $ 10,190.03 Industrial 22 $ 3,710.94 Consumer, Non-cyclical 41 $ 3,248.73 Financial 57 $ 2,748.02 Technology 41 $ 655.11 * Target Only: Includes deals in which target is headquartered in the state Top 5 Deals 2006 - US * Any Involvement Announced Rank Date Total Value (mil.) Target Name Acquirer Name 1 3/ 5/06 $ 83,105.46 BELLSOUTH CORP AT&T INC 2 11/20/2006 $ 32,500.31 EQUITY OFFICE PROPERTIES TR BLACKSTONE GROUP 3 7/24/06 $ 32,193.46 HCA INC CONSORTIUM 4 5/29/06 $ 27,449.73 KINDER MORGAN INC Knight Holdco LLC 5 10/2/2006 $ 27,159.94 HARRAH'S ENTERTAINMENT INC CONSORTIUM * Bain
    [Show full text]
  • Everything Everywhere, Telefónica UK and Vodafone UK to Form Mobile Marketing and Payments Joint Venture
    Everything Everywhere, Telefónica UK and Vodafone UK to form mobile marketing and payments joint venture Ground breaking venture promises to accelerate the development of innovative mobile services for consumers and business customers • Creation of a single ecosystem for m-commerce helping advertisers, retailers and banks to reach consumers through their mobile phones • Consumers will be able to replace their physical wallet with a secure mobile wallet using Near Field Communications (NFC) technology to pay for goods and services • Consumers will also benefit from relevant offers and coupons, delivered direct to their phone • Everything Everywhere, Telefónica UK and Vodafone UK to provide start-up investment London. 16 June 2011. Everything Everywhere, Telefónica UK and Vodafone UK today announce plans to create a standalone m-commerce joint venture (JV). The new entity, the first of its kind in the UK, will bring together the expertise and technology of the UK’s leading mobile operators, enabling the rapid development and delivery of new mobile marketing and payment services. The JV will provide a single contact for advertisers, marketing partners, retailers and banks making it far easier to create m-commerce products and services. The JV will be open and available to all industry participants, maximising benefits to consumers. The JV is subject to competition clearance and is aiming to launch before the end of the year. Enabling mobile payments The JV will deliver the technology required for the speedy adoption of mobile wallet and payments. This will enable consumers to transfer their entire physical wallet into a new secure, SIM-based wallet regardless of which NFC enabled mobile device, or mobile network they are using.
    [Show full text]
  • Global Pay TV Fragments
    Global pay TV fragments The top 503 pay TV operators will reach 853 million subscribers from the 1.02 billion global total by 2026. The top 50 operators accounted for 64% of the world’s pay TV subscribers by end-2020, with this proportion dropping to 62% by 2026. Pay TV subscribers by operator ranking (million) 1200 1000 143 165 38 45 800 74 80 102 102 600 224 215 400 200 423 412 0 2020 2026 Top 10 11-50 51-100 101-200 201+ Excluded from report The top 50 will lose 20 million subscribers over the next five years. However, operators beyond the top 100 will gain subscribers over the same period. Simon Murray, Principal Analyst at Digital TV Research, said: “Most industries consolidate as they mature. The pay TV sector is doing the opposite – fragmenting. Most of the subscriber growth will take place in developing countries where operators are not controlled by larger corporations.” By end-2020, 13 operators had more than 10 million pay TV subscribers. China and India will continue to dominate the top pay TV operator rankings, partly as their subscriber bases climb but also due to the US operators losing subscribers. Between 2020 and 2026, 307 of the 503 operators (61%) will gain subscribers, with 13 showing no change and 183 losing subscribers (36%). In 2020, 28 pay TV operators earned more than $1 billion in revenues, but this will drop to 24 operators by 2026. The Global Pay TV Operator Forecasts report covers 503 operators with 726 platforms [132 digital cable, 116 analog cable, 279 satellite, 142 IPTV and 57 DTT] across 135 countries.
    [Show full text]
  • 1 Claim No. CP-2018-000038 in the HIGH COURT of JUSTICE
    Claim No. CP-2018-000038 IN THE HIGH COURT OF JUSTICE BUSINESS AND PROPERTY COURTS COMPETITION LIST (ChD) BETWEEN: - PHONES 4U LIMITED (In Administration) Claimant -and- (1) EE LIMITED (2) DEUTSCHE TELEKOM AG (3) ORANGE SA (4) VODAFONE LIMITED (5) VODAFONE GROUP PUBLIC LIMITED COMPANY (6) TELEFONICA UK LIMITED (7) TELEFÓNICA, S.A. (8) TELEFONICA EUROPE PLC Defendants PARTICULARS OF CLAIM A. INTRODUCTION AND SUMMARY Introduction 1. The Claimant (“P4U”) claims in respect of the Defendants’ collusive and/or anti- competitive conduct and/or breach of contract that caused loss and forced it into administration. The Defendants’ unlawful conduct caused P4U, one of the UK’s leading and last independent mobile phone retailers, to cease trading in September 2014. 2. It is inherent to the secretive nature of the Defendants’ unlawful conduct (as particularised herein) that P4U has incomplete information as to the precise content and timing of the unlawful agreements, understandings, concerted practices and instructions that it alleges. P4U relies on inferences that it contends should be drawn from the pleaded primary facts. P4U anticipates providing further and better particulars following disclosure. 06267-00001/10599764.1 1 3. In summary, P4U’s case is as follows: (a) P4U had a successful and profitable business selling the Defendants’ mobile network connections (“Connections”) as an independent retail intermediary. P4U was one of two main independent retail intermediaries for the supply and/or distribution of Connections in the UK. The other was Carphone Warehouse Limited (“CPW”). (b) P4U was particularly successful in selling Connections to young adults (customers aged between 16 and 25 years).
    [Show full text]
  • ETB 2013 V2:Layout 1
    Reader’s Digest Trusted Brands Survey 2013 Contents Page No: Overview 3 How we award Trusted Brand status 7 The Trusted Brand logo and guidelines for its usage 8 Results - Brands: 20 common categories 9 Most nominated brands across Europe 10 All winners by country and category – share of vote 12 Comparison of winners by category – past 5 years 14 The local categories – winning brands 21 Results – Confidence and Trust: Professions 25 Government Policies 31 Criteria of trust 36 Trust and purchase 42 Appendix i. Response rate by country 2013 v 2012 46 ii. Respondent base 2009 – 2013 47 iii. Respondents by category by country 48 iv. Respondent profile – all countries 49 v. Respondent profile by country 50 vi. Population weightings 51 Sample questionnaire 55 Reader’s Digest circulation and readership by country 59 Contacts by country 60 www.rdtrustedbrands.com 2 Reader’s Digest Trusted Brands 2013 An overview About the survey • Reader’s Digest European Trusted Brands is now in its 13th year, it was first published in 2001. • Fieldwork for this study is conducted annually and the results are available (free of charge) from www.rdtrustedbrands.com • In order to allow for tracking over time every effort is made to retain consistency in methodology, content and presentation of data. • Research was conducted in 11 languages across 12 European countries. • Croatia and Sweden did not participate in 2013. Fieldwork was conducted in Austria but didn’t produce an acceptable base for detailed analysis of the brand results. • The primary focus of the study is to find out which brands Europeans trust the most.
    [Show full text]
  • BT Group Plc Annual Report 2020 BT Group Plc Annual Report 2020 Strategic Report 1
    BT Group plc Group BT Annual Report 2020 Beyond Limits BT Group plc Annual Report 2020 BT Group plc Annual Report 2020 Strategic report 1 New BT Halo. ... of new products and services Contents Combining the We launched BT Halo, We’re best of 4G, 5G our best ever converged Strategic report connectivity package. and fibre. ... of flexible TV A message from our Chairman 2 A message from our Chief Executive 4 packages About BT 6 investing Our range of new flexible TV Executive Committee 8 packages aims to disrupt the Customers and markets 10 UK’s pay TV market and keep Regulatory update 12 pace with the rising tide of in the streamers. Our business model 14 Our strategy 16 Strategic progress 18 ... of next generation Our stakeholders 24 future... fibre broadband Culture and colleagues 30 We expect to invest around Introducing the Colleague Board 32 £12bn to connect 20m Section 172 statement 34 premises by mid-to-late-20s Non-financial information statement 35 if the conditions are right. Digital impact and sustainability 36 Our key performance indicators 40 Our performance as a sustainable and responsible business 42 ... of our Group performance 43 A letter from the Chair of Openreach 51 best-in-class How we manage risk 52 network ... to keep us all Our principal risks and uncertainties 53 5G makes a measurable connected Viability statement 64 difference to everyday During the pandemic, experiences and opens we’re helping those who up even more exciting need us the most. Corporate governance report 65 new experiences. Financial statements 117 ..
    [Show full text]
  • Operátor Stát MTN Afghanistan Afghanistan Afghan Wireless
    Operátor Stát MTN Afghanistan Afghanistan Afghan Wireless Communications Company Afghanistan Etisalat Afghanistan Telecom Development Company Limited Afghanistan Telekom Albania Sh.A Albania ALBtelecom sh.a. Albania Vodafone Albania Sh.A. Albania ATM Mobilis Algeria OPTIMUM TELECOM ALGERIE Spa Algeria Wataniya Algeria s.p.a. Algeria Andorra Telecom, S.A.U. Andorra Unitel Angola Angola Cable & Wireless Anguilla Anguilla APUA imobile (former APUA PCS Ltd.) Antigua and Barbuda Cable & Wireless Antigua Antigua and Barbuda TELECOM ARGENTINA S.A Argentina AMX Argentina S.A. Argentina NII Holdings, Inc. (Nextel Argentina S.R.L.) Argentina Telefonica Moviles Argentina S.A. Argentina VEON Armenia CJSC Armenia MTS Armenia CJSC Armenia Karabakh Telecom Armenia New Millennium Telecom Services NV Aruba Servicio di Telecomunicacion di Aruba (SETAR) N.V. Aruba Telstra Corporation Limited Australia Yes Optus Australia Vodafone Hutchison Australia Pty Limited Australia Hutchison Drei Austria GmbH Austria Hutchison Drei Austria GmbH Austria A1 Telekom Austria AG Austria T-Mobile Austria GmbH Austria A1 Telekom Austria AG Austria A1 Telekom Austria AG Austria T-Mobile Austria GmbH Austria Azercell Telekom B.M. Azerbaijan Azerfon LLC Azerbaijan Bakcell LLC Azerbaijan BTC Bahamas Bahamas Bahrain Telecommunication Company Bahrain Zain Bahrain B.S.C Bahrain Viva Bahrain Robi Axiata Limited Bangladesh Banglalink Digital Communications Ltd. Bangladesh GrameenPhone Limited Bangladesh Teletalk Bangladesh Limited Bangladesh Cable & Wireless Barbados Barbados Mobile TeleSystems Belarus Belarusian Telecommunications Network CJSC Belarus FE VELCOM Belarus Telenet Group BVBA/SPRL Belgium Telenet Group BVBA/SPRL Belgium Orange Belgium SA/NV Belgium Proximus PLC (former Belgacom SA/NV) Belgium Belize Telemedia Limited Belize Etisalat Benin Benin Spacetel-Benin S.A.
    [Show full text]
  • View Annual Report
    BT Group plc Annual Report & Form 20-F 2017 Welcome to BT Group plc’s Annual Report and Form-20F for 2017 Where to find more information www.btplc.com www.bt.com/annualreport Delivering our Purpose Report We’re using the power of communications to make a better world. That’s our purpose. Read our annual update. www.btplc.com/purposefulbusiness Delivering our Purpose Report Update on our progress in 2016/17 THE STRATEGIC REPORT GOVERNANCE FINANCIAL STATEMENTS ADDITIONAL INFORMATION The strategic report 2 Contents Review of the year 3 How we’re organised 8 An introduction from our Chairman 10 A message from our Chief Executive 12 This is the BT Annual Report for the year ended Operating Committee 14 31 March 2017. It complies with UK regulations Our strategy Our strategy in a nutshell 16 and comprises part of the Annual Report and How we’re doing Form 20-F for the US Securities and Exchange – Delivering great customer experience 17 – Investing for growth 18 Commission to meet US regulations. – Transforming our costs 19 Key performance indicators 20 This is the third year that we’ve applied an Our business model Integrated Reporting (IR) approach to how Our business model 22 we structure and present our Annual Report. What we do 24 Resources, relationships and sustainability IR is an initiative led by the International Integrated Reporting – Financial strength 26 Council (IIRC). Its principles and aims are consistent with UK – Our people 26 regulatory developments in financial and corporate reporting. – Our networks and physical assets 30 We’ve reflected guiding principles and content elements from the – Properties 31 IIRC’s IR Framework in preparing our Annual Report.
    [Show full text]
  • Diapositiva 1
    July 14th, 2016 Company Update Rating: Colombia, Equities Buy Industry: ETB Telecoms & Media Fever for fiber After the strong performance in the name since our upgrade to BUY in Oct-15 (total return of +20.4% compared to 8.1% the COLCAP), we are setting our 2016 TP at COP 720 with a BUY Company Data recommendation. The new TP and rating consider a successful Ticker etb cb sale process of ETB. Price (COP) 590 . Sale process ahead looks promising. ETB is going through a LTM Range (COP) 485 - 619 process (Law 226) to sell the 86.6% stake of the District in the Target 720 company. The Bogota Council approved the sale process on Ex pected Return 22.0% May 30th as part of Bogota’s Development Plan, and according to the management, the sale to the general public should be Market Cap (USD mn) 714 ready by the second half of 2017. Shares Outstanding (mn) 3,551 Free Float 13.0% . Strategic shift in the company’s outlook. The prior administration invested 2 COP tn in the modernization of ETB’s ADTV (USD mn) 0.3 infrastructure, which allowed the company to have a stronger stream of income in business lines other than copper networks. This gives the company a new competitive outlook. ADTV and Performance . The potential entry of a strategic investor should be value 130 6 enhancing for current shareholders. We consider that with a strategic and experienced majority shareholder, ETB could see 120 5 important improvements in three fronts i) commercial strategy, 110 improving market shares, ii) efficiency, improving margins and 4 100 iii) corporate governance, allowing it to carry on its strategy 3 90 consistently in the long term.
    [Show full text]