DOCSLIB.ORG

Annual Report 2015

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2015 Annual Report 2015 0 1 0 0 1 1110 1000111 10 10 1 100 0000 0 010011 0100 10001 1001001 1010100 00 10000 1 10010 0 10 00 1001001 1000111 1000001 10011 00 1000001 101000 TABLE OF CONTENTS KEY FIGURES 2 KEY EVENTS 3 COMPANY’S PROFILE 4 Leadership in Integrated Communications 6 Investment Highlights 7 Communication Networks 10 STRATEGIC REPORT 14 Letter from the Chairman of the Board 16 Letter from the President 18 About Report Strategy 22 Bridging the Digital Divide 28 The Report is presented by Rostelecom PJSC (Rostelecom, The Report provides consolidated financial (accounting) Key Risks 34 the Company) and its subsidiaries, collectively referred to as information in accordance with the International Financial Business Model 40 the "Group", in accordance with section 9 “Subsidiaries” of Reporting Standards (hereinafter - the IFRS), except where Market Overview 42 the Company’s consolidated financial statements prepared in expressly stated that the financial (accounting) information is accordance with the International Financial Reporting presented in accordance with other accounting standards. The RESULT OVERVIEW 56 Standards (hereinafter – the IFRS) for the year ended on consolidated financial information is presented by Rostelecom Overview of Operating Results 58 31 December 2015. and its subsidiaries in accordance with the principles of Technological Advantages 59 consolidation of financial statements, as described in section Differentiated Offerings 63 COMPLIANCE WITH STANDARDS 4 "Fundamentals of Accounting Policy" of the Company’s Best-in-class Customer Service 76 This annual report (hereinafter - the Report) is prepared in consolidated financial statements prepared in accordance with Organizational Transformation 79 accordance with the requirements of the Federal Law the IFRS for the year ended on 31 December 2015. Improved Operational Efficiency 81 № 208-FZ of 26 December 1995 "On Joint Stock Companies", To ensure comparability and consistency of disclosures here the Regulation on Disclosures by Issuers of Securities approved in the operational and other non-financial indicators are also FINANCIAL PERFOMANCE OVERVIEW 84 by the Bank of Russia on 30 December 2014, № 454-P, presented for Rostelecom and its subsidiaries for which the Financial Highlights 86 the Resolution of the Government of the Russian Federation Company’s consolidated financial statements are made, unless Structure of Revenues by Product 88 № 1214 of 31 December 2010, and the recommendations otherwise specified. Structure of Revenues by Segment 89 of the Corporate Governance Code, approved on 21 March 2014 Operating Expenses 90 by the Board of Directors of the Bank of Russia. OIBDA 90 Debt 91 CORPORATE GOVERNANCE 92 Disclaimer Corporate Governance Framework 94 Board Leadership 96 Certain statements contained in the Report are "the statements These risks, uncertainties and other factors include the following: containing projections regarding future events" in the meaning of the • risks related to changes in political, economic and social conditions in Russia as Board of Directors Effectiveness 97 US federal securities laws, and, consequently, these statements are well as global economic conditions; Control and Reporting 107 subject to the provisions of these laws, which provide for exemption • risks relating to the Russian legislation, legal regulation and taxation, from liability for good faith action. Such statements containing including laws, regulations, decrees and resolutions governing the Russian Executive Bodies 115 projections regarding future events include the following information telecommunications industry, activities related to the issuance and circulation Corporate Governance Evaluation 120 (but not limited to it): of securities, and foreign exchange controls relating to Russian companies, not • estimates of future operating and financial performance of the Company, as excluding the official interpretation of such regulations by the regulatory bodies; Remuneration 123 well as forecasts of factors affecting the current value of future cashflows; • risks related to the Company’ activities, including achievement of the projected Governance Body Liability Insurance 133 • the Company’s plans to participate in the authorized capitals of other results, levels of profitability and growth; ability to create and meet demand organizations; for the Company's services, including their promotion; the Company's ability to • the Company's plans for the network construction and modernization, as well as remain competitive in the Russian liberalized telecommunications market; FOR SHAREHOLDERS AND INVESTORS 134 planned investments; • technological risks related to the operation and development of the • growth in demand for the Company’s services and the Company's plans for the communications infrastructure, technological innovations as well as the Share Capital 136 development of existing and new services and pricing; convergence of technologies; Shares 138 • plans to improve the corporate governance practices of the Company; • other risks and uncertainties. • future Company's position in the telecommunications market and forecasts for Shareholders and Investors Relations 144 the market segments in which the Company operates; A more detailed review of these factors is contained in the Company's publicly General Meeting of Shareholders 153 • economic outlook and industry trends; available documents. • possible regulatory changes and assessment of impact of certain regulations on Dividend Policy 153 the Company's activities; Registrar 155 • other Company's plans and forecasts regarding the events that have not • taken place yet. APPENDICES 156 Appendix 1. Consolidated Financial Statements and Auditor's Opinion 157 The above statements containing projections regarding future events are subject to risks, uncertainties and other factors that may cause actual results ultimately Appendix 2. Glossary 243 inconsistent with the stated. Most of the above factors are beyond the Company's control or forecast. Therefore, in view of the above, the Company is not to place undue Appendix 3. Company's Profile 245 reliance on any statements regarding future events that are listed in the Report. The Company assumes no obligation to publicly revise these projections - neither to reflect events or circumstances that have occurred after the Report publication, nor for the purpose of unanticipated events - except where it is required by applicable law. Additional Appendices to the Annual Report 247 1 Key Figures 2015 Key Events Resolutions of the Board of Directors It adopted a strategy for the development of new In December 2015, the Board of Directors segments: approved a new, progressive dividend policy RUB bln RUB bln RUB bln 1 • launch of Interactive TV 2.0; 3 that allows the shareholders to receive no less 297.4 100.8 22.0 • launch on the market of its own product to than 75 % of the free cash flow, but not less than Revenues OIBDA FCF provide integrated geoinformational services - RUB 45 bln for three years cumulatively. "Geodata Information System" solutions. The company has passed through the capital expenditure peak due to major works on the It was resolved to establish a dedicated SPV to manage capital-intensive projects of the network 2 the Company’s real estate. The SPV will carry out the infrastructure modernization, related to the released property monetization strategy development transfer to the optics of the "last mile" and and implementation, managing, developing and selling increased transport network capacity. the property along with the interested investors. Rostelecom will transfer to the SPV the real estate From 2016 onwards, it is expected to decrease for sale and rent, as well as redevelopment and the size of investments, which will create the repositioning. conditions for the release of funds and an 11.6 mln 8.6mln 30.7mln increase in free cash flow for dividends. Broadband Pay TV Households subscribers subscribers connected by fibre Market Development The Company continued to strengthen its market • The joint venture with Tele2 Russia entered the market positions in the major markets: in the Moscow region. Tele2 Russia has built a network • B2C broadband market share grew by 1.1 p. p. up to in Moscow region in an unprecedented short period 37.3 %, B2B broadband market share grew by 4.0 p. of time - in just one year, commissioning over 100 p. to 34.8 %, Pay TV market share grew by 4.4 p. p. base stations per week. Tele2 Russia will continue to 27.6 %. to develop the network - to increase coverage and capacity. Transactions • Rostelecom has acquired control over IQMen IBS - • In 2015, Rostelecom increased its stake in the joint the Russian Big Data developer. venture with VGTRK (Digital Television), created for • Rostelecom has acquired control over SafeData group the media business development, up to 41 %. - the largest player in the provision of data centres, traffic exchange and content services. BACK TO CONTENT BACK TO CONTENT 2 3 Back to p. 37 COMPANY’S PROFILE Leadership in Integrated Communications p. 6 Investment Highlights p. 7 Communication Networks p. 10 1001001 101 01 00 10 00 00 1 1 00 1000001 100 11 110 00 0 1 1000 000 00 1010010 1010101 1010011 1010011 100100 00 1 10 101 000 00 01 10 1 1010 1 0101 011 1 00000 01 101 001000 1 0011 1010011 1001001 Vla 1 divo s 100 01 tok 1000 000 00 100 1 1 00 1 0011 01 10 000001 101 00 010 0 01 1001110 0 1000111 1 10 00000 10 01 001 00 00 1 1 1001110 1000111 100 00 000 10001 1 00 1 00 00 1 10 10 0 00 1 11 10 1 10 00 0100 11 1 1 1 010 10 100 01 00 1 1 01 0100 1 000001 Financial For Shareholders Annual Report 2015 · Rostelecom PJSC Company's Profile Strategic Report Result Overview Performance Overview Corporate Governance and Investors Leadership in Integrated Communications Investment Highlights Access to markets with high growth potential, Leader in the majority of digital and such as cloud services, TV, data centres, geo- telecom segments №1 data and industrial Internet of Things Exposure to attractive markets: № 1 in the key markets, CAGR1 The largest fixed network in Russia Presence in the Russian mobile communica- of new markets - 26 %.
Load more

Recommended publications
  • The Case of Ukraine
    LAPPEENRANTA UNIVERSITY OF TECHNOLOGY Northern Dimension Research Centre Publication 6 Tauno Tiusanen, Oksana Ivanova, Daria Podmetina EU’S NEW NEIGHBOURS: THE CASE OF UKRAINE Lappeenranta University of Technology Northern Dimension Research Centre P.O.Box 20, FIN-53851 Lappeenranta, Finland Telephone: +358-5-621 11 Telefax: +358-5-621 2644 URL: www.lut.fi/nordi Lappeenranta 2004 ISBN 951-764-896-0 (paperback) ISBN 951-764-897-9 (PDF) ISSN 1459-6679 EU’s New Neighbours: The Case of Ukraine Tauno Tiusanen Oksana Ivanova Daria Podmetina 1 Contents LIST OF TABLES 2 FOREWORD 4 1. INTRODUCTION 5 2. UKRAINIAN ECONOMIC TRENDS 2.1. Economic Growth and Stability in the Early Period of Transition 6 2.2. Investment and Productivity 9 2.3. Living Standard 11 2.4. Current Economic Trends 15 2.5. Distribution of Incomes and Household Expenditures 16 3. UKRAINE: HISTORY, GEOGRAPHY, ECONOMY AND POLITICS 3.1. Geographic Location, Climate and Natural Resources 20 3.2. Political System and Regions 22 3.3. History of Ukraine 24 3.4. Economic History and Reforms 26 4. INVESTMENT CLIMATE IN UKRAINE 4.1 Foreign Direct Investment in Ukraine 34 4.2. Motives and Obstacles for FDI in Ukraine 37 4.3. Ukraine in International Ratings 40 4.4. The Legal Framework for FDIs 43 4.5. Special Economic Zones 45 5. THE INVESTMENT RATING OF UKRAINIAN REGIONS 5.1. FDIs by Regions 49 5.2. The Investment Rating of Ukrainian Regions 50 5.3. Description of Ukrainian Regions 52 6. FDI SCENE IN UKRAINE: BUSINESS EXAMPLES 6.1. FDI Strategies 72 6.2.
    [Show full text]
  • PROVISIONALLY APPROVED by the Board of Directors of OJSC Rostelecom May 19, 2014 Minutes No 01 Dated May 22, 2014
    PROVISIONALLY APPROVED by the Board of Directors of OJSC Rostelecom May 19, 2014 Minutes No 01 dated May 22, 2014 APPROVED by the Annual General Shareholders’ Meeting of OJSC Rostelecom June 30, 2014 Minutes No___ dated June __, 2014 ANNUAL REPORT OPEN JOINT STOCK COMPANY LONG-DISTANCE AND INTERNATIONAL TELECOMMUNICATIONS ROSTELECOM BASED ON YEAR 2013 RESULTS President of OJSC Rostelecom s/s S.B. Kalugin Acting Chief Accountant of OJSC Rostelecom s/s N.V. Lukashin May 22, 2014 Moscow, 2014 ANNUAL REPORT TABLE OF CONTENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS ....................................... 3 INFORMATION CONTAINED IN THIS ANNUAL REPORT .............................................................................. 4 ROSTELECOM AT A GLANCE ......................................................................................................................... 5 THE PRESIDENT’S MESSAGE ......................................................................................................................... 6 2013 HIGHLIGHTS ............................................................................................................................................ 8 OPERATING AND FINANCIAL RESULTS ...................................................................................................... 10 COMPANY’S POSITION IN THE INDUSTRY ................................................................................................. 12 COMPANIES IN ROSTELECOM GROUP ......................................................................................................
    [Show full text]
  • NW ICT Cluster
    Sarja B 199 Series ______________________________________________________ Andrey Averin – Grigory Dudarev BUSY LINES, HECTIC PROGRAMMING A Competitive Analysis of the Northwest Russian ICT Cluster ETLA, The Research Institute of the Finnish Economy Publisher: Taloustieto Oy Helsinki 2003 Cover: Mainos MayDay, Vantaa 2003 ISBN 951-628-381-0 ISSN 0356-7443 Printed in: Tummavuoren Kirjapaino Oy, Vantaa 2003 AVERIN, Andrey – DUDAREV, Grigory, BUSY LINES, HECTIC PROGRAM- MING: Competitive Analysis of the Northwest Russian ICT Cluster. Helsinki: ETLA, Elinkeinoelämän Tutkimuslaitos, The Research Institute of the Finnish Economy, 2003, 161 p. (B, ISSN 0356-7443; No. 199). ISBN 951-628-381-0. ABSTRACT: Northwest Russia and particularly St. Petersburg were a globally im- portant development center for information and communication technologies (ICT) during 1850-1950. The region’s position of strength deteriorated after this period as a consequence of the choices made about technology and Soviet secrecy. However, the region and its ICT industries still enjoy the benefits of education provision, the re- search-oriented tradition and inherited human and industrial capital. The transition to the market economy opened up many opportunities but also resulted in the evapora- tion of uncompetitive producers like giant electronics manufacturers. It also reduced financing and changed the priorities for R&D and education. At the same time, breakthroughs in telecom technologies and the overwhelming success of mobile communications greatly influenced the ICT industries in Russia. Understanding the major changes and trends is crucial for industrial policy and business strategy deci- sion makers. In this study, we identify the Northwest Russian ICT cluster and the key matters related to its competitiveness and growth prospects in the new environment.
    [Show full text]
  • Maximising Availability of International Connectivity in Developing Countries: Strategies to Ensure Global Digital Inclusion Acknowledgements
    REGULATORY AND MARKET ENVIRONMENT International Telecommunication Union Telecommunication Development Bureau Place des Nations Maximising Availability CH-1211 Geneva 20 OF INTERNATIONAL CONNECTIVITY Switzerland www.itu.int IN DEVELOPING COUNTRIES: STRATEGIES TO ENSURE GLOBAL DIGITAL INCLUSION ISBN: 978-92-61-22491-2 9 7 8 9 2 6 1 2 2 4 9 1 2 Printed in Switzerland Geneva, 2016 INCLUSION GLOBAL DIGITAL TO ENSURE STRATEGIES CONNECTIVITY IN DEVELOPING COUNTRIES: OF INTERNATIONAL AVAILABILITY MAXIMISING Telecommunication Development Sector Maximising availability of international connectivity in developing countries: Strategies to ensure global digital inclusion Acknowledgements The International Telecommunication Union (ITU) would like to thank ITU experts Mike Jensen, Peter Lovelock, and John Ure (TRPC) for the preparation of this report. This report was produced by the ITU Telecommunication Development Bureau (BDT). ISBN: 978-92-61-22481-3 (paper version) 978-92-61-22491-2 (electronic version) 978-92-61-22501-8 (EPUB) 978-92-61-22511-7 (MOBI) Please consider the environment before printing this report. © ITU 2016 All rights reserved. No part of this publication may be reproduced, by any means whatsoever, without the prior written permission of ITU. Table of Contents 1 Introduction and background 1 2 The dynamics of international capacity provision in developing countries 2 2.1 The Global context 2 2.2 International capacity costs 3 2.3 Global transit 4 3 International connectivity provision 5 3.1 Ways and means of enabling international
    [Show full text]
  • Trubnikov Competitive 29-01-2018
    Tilburg University The competitive order for the new economy Trubnikov, Dmitrii Publication date: 2018 Document Version Publisher's PDF, also known as Version of record Link to publication in Tilburg University Research Portal Citation for published version (APA): Trubnikov, D. (2018). The competitive order for the new economy: Lessons from the telecommunications experience. General rights Copyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. • Users may download and print one copy of any publication from the public portal for the purpose of private study or research. • You may not further distribute the material or use it for any profit-making activity or commercial gain • You may freely distribute the URL identifying the publication in the public portal Take down policy If you believe that this document breaches copyright please contact us providing details, and we will remove access to the work immediately and investigate your claim. Download date: 25. sep. 2021 Dmitrii Trubnikov The Competitive Order for the New Economy: Lessons from the Telecommunications Experience Alma Mater Studiorum – Università di Bologna in collaborazione con LAST-JD Consortium Università degli studi di Torino Universitat Autonoma de Barcelona Mykolas Romeris University Tilburg University DOTTORATO DI RICERCA IN Erasmus Mundus Joint International Doctoral Degree in Law, Science and Technology Ciclo 30 – A.Y. 2014/2015 Settore Concorsuale di afferenza: 12H3 Settore Scientifico disciplinare: IUS20 TITOLO TESI The Competitive Order for the New Economy: Lessons from the Telecommunications Experience Presentata da: DMITRII TRUBNIKOV Coordinatore Relatore Prof.
    [Show full text]
  • Dish TV (DSTV.BO) Initiation of Coverage  Initiating with Buy: Satellite Success
    Asia Pacific India Cable & Satellite (GICS) Media - General (Citi) Company 2 May 2010 32 pages Equity Dish TV (DSTV.BO) Initiation of coverage Initiating with Buy: Satellite Success Buy; Target Price of Rs48 — Digitalization of India's cable & satellite market has Buy/Medium Risk 1M reached an inflexion point, driven by acceleration in DTH market growth. We Price (29 Apr 10) Rs35.60 believe Dish TV is well positioned to benefit from its (a) first-mover advantage, (b) Target price Rs48.00 strong distribution/infrastructure, (c) lower cost base, and (d) attractive fixed price Expected share price return 34.8% content tie-ups. We initiate coverage with Buy (1M) and DCF based TP of Rs48. Expected dividend yield 0.0% DTH subscriber growth on a roll; Dish TV is the leader — We expect the DTH sub Expected total return 34.8% base to double over next 2 yrs to ~32m driven by: (a) investments by 6 corporates Market Cap Rs37,858M resulting in category growth, (b) shift from analog cable, and (c) increase in new US$850M subs from cable dark areas. Dish TV is the market leader with ~7m subs. Strategic focus shifts to profitability — (a) Dish has changed its focus – mix of calibrated growth & profitability v/s pure growth earlier. (b) While the market will Price Performance (RIC: DSTV.BO, BB: DITV IN) follow, we believe Dish’s superior cost controls stand out – the closest local peer's staff costs are 2.5x, despite similar revenues. (c) Scale benefits and fixed programming agreements will drive better payback – we expect contribution/sub to increase ~60% over FY10-FY12E.
    [Show full text]
  • COVER SHEET for AUDITED FINANCIAL STATEMENTS SEC Registration Number 1 8 0 3 Company Name A
    COVER SHEET FOR AUDITED FINANCIAL STATEMENTS SEC Registration Number 1 8 0 3 Company Name A B S - C B N C O R P O R A T I O N A N D S U B S I D I A R I E S Principal Office (No./Street/Barangay/City/Town/Province) A B S - C B N B r o a d c a s t i n g C e n t e r , S g t . E s g u e r r a A v e n u e c o r n e r M o t h e r I g n a c i a S t . Q u e z o n C i t y Form Type Department requiring the Secondary License Type, If report Applicable A A F S COMPANY INFORMATION Company’s Email Address Company’s Telephone Mobile Number Number/s [email protected] (632) 3415-2272 ─ Annual Meeting Fiscal Year No. of Stockholders Month/Day Month/Day 7,985 09/24 December 31 CONTACT PERSON INFORMATION The designated contact person MUST be an Officer of the Corporation Name of Contact Person Email Address Telephone Mobile Number Number/s Ricardo B. Tan Jr. [email protected] (632) 3415-2272 ─ Contact Person’s Address ABS-CBN Broadcast Center, Sgt. Esguerra Avenue corner Mother Ignacia St. Quezon City Note: In case of death, resignation or cessation of office of the officer designated as contact person, such incident shall be reported to the Commission within thirty (30) calendar days from the occurrence thereof with information and complete contact details of the new contact person designated.
    [Show full text]
  • APPROVED by the Annual General Shareholders' Meeting of OJSC
    APPROVED by the Annual General Shareholders’ Meeting of OJSC Rostelecom June 14, 2012 Minutes #1 dated June 18, 2012 ANNUAL REPORT FOR THE LONG-DISTANCE AND INTERNATIONAL TELECOMMUNICATIONS OPEN JOINT STOCK COMPANY ROSTELECOM BASED ON YEAR 2011 RESULTS President of OJSC Rostelecom s/s A. Yu. Provorotov Chief Accountant of OJSC Rostelecom s/s R.A. Frolov April 27, 2012 Moscow, 2012 ANNUAL REPORT CONTENTS OJSC ROSTELECOM AT A GLANCE ............................................................................................................. 4 THE CHAIRMAN’S STATEMENT ..................................................................................................................... 5 THE PRESIDENT’S MESSAGE ........................................................................................................................ 6 CALENDAR OF 2011 EVENTS ......................................................................................................................... 8 THE COMPANY’S POSITION IN THE INDUSTRY ......................................................................................... 10 THE COMPANY AND THE BOARD OF DIRECTORS’ REVIEW OF THE YEAR 2011 ................................ 15 GUARANTEE OF HIGH QUALITY COMMUNICATION SERVICES ........................................................... 16 DEVELOPING RETAIL RELATIONSHIPS .................................................................................................. 17 RUSSIAN OPERATORS MARKET .............................................................................................................
    [Show full text]
  • Annual Report 2016 About This Report
    Annual Report 2016 About this Report This Annual Report was pre-approved by Rostelecom’s Board of Directors on 15 May 2017, Minutes No. 19 dated 15 May 2017. This Report has been prepared by PJSC Rostelecom (“Rostelecom” or the “Company”) and its subsidiaries (jointly, the “Group”), in line with Note 9 Subsidiaries to the Company’s consolidated financial statements prepared under the International Financial Reporting Standards (“IFRS”) for the year ended 31 December 2016. DISCLAIMER This Report contains certain “forward- » plans to improve the Company’s corporate » risks associated with changes in looking statements regarding future events”, governance practices; the political, economic and social as defined by the US federal securities laws, » the Company’s future position in environment in Russia and macroeconomic which are, therefore, regulated by these the telecommunications market and changes; laws, which provide for no liability for any act the outlook for the market segments in » risks associated with Russian laws, done or omitted in good faith. Such forward- which the Company operates; legislative reforms and taxation, including looking statements regarding future events » economic outlook and industry trends; laws, regulations, decrees and resolutions include (but are not limited to) the following: » potential regulatory changes and governing the Russian telecommunications assessments of the impact any laws or industry, activities related to placement » estimates of future operational and financial regulations may have on the
    [Show full text]
  • Ready for Upload GCD Wls Networks
    LTE‐ LTE‐ REGION COUNTRY OPERATOR LTE Advanced Advanced Pro Eastern Europe 92 55 2 Albania Total 320 Albania ALBtelecom 100 Albania Telekom Albania 110 Albania Vodafone Albania 110 Armenia Total 310 Armenia MTS Armenia (VivaCell‐MTS) 100 Armenia Ucom (formerly Orange Armenia) 110 Armenia VEON Armenia (Beeline) 100 Azerbaijan Total 430 Azerbaijan Azercell 100 Azerbaijan Azerfon (Nar) 110 Azerbaijan Bakcell 110 Azerbaijan Naxtel (Nakhchivan) 110 Belarus Total 420 Belarus Belarusian Cloud Technologies (beCloud) 110 Belarusian Telecommunications Network Belarus (BeST, life:)) 100 Belarus MTS Belarus 110 Belarus VELCOM (A1 Belarus) 100 Bosnia and Herzegovina Total 300 Bosnia and Herzegovina BH Telecom 100 Bosnia and Herzegovina HT Mostar (HT Eronet) 100 Bosnia and Herzegovina Telekom Srpske (m:tel) 100 Bulgaria Total 530 Bulgaria A1 Bulgaria (Mobiltel) 110 Bulgaria Bulsatcom 100 Bulgaria T.com (Bulgaria) 100 Bulgaria Telenor Bulgaria 110 Bulgaria Vivacom (BTC) 110 Croatia Total 321 Croatia A1 Croatia (VIPnet incl. B.net) 111 Croatia Hrvatski Telekom (HT) 110 Croatia Tele2 Croatia 100 Czech Republic Total 430 Czech Republic Nordic Telecom (formerly Air Telecom) 100 Czech Republic O2 Czech Republic (incl. CETIN) 110 Czech Republic T‐Mobile Czech Republic 110 Czech Republic Vodafone Czech Republic 110 Estonia Total 330 Estonia Elisa Eesti (incl. Starman) 110 Estonia Tele2 Eesti 110 Telia Eesti (formerly Eesti Telekom, EMT, Estonia Elion) 110 Georgia Total 630 Georgia A‐Mobile (Abkhazia) 100 Georgia Aquafon GSM (Abkhazia) 110 Georgia MagtiCom
    [Show full text]
  • Download Spotlight
    SPOTLIGHT Telco Mergers and Acquisitions Strategic Backgrounds, Use Cases and Future Developments This publication or parts there of may only be reproduced or copied with the prior written permission of Detecon International GmbH. Published by Detecon International GmbH. www.detecon.com Strategic Backgrounds, Use Cases and Future Developments I Detecon SPOTLIGHT Content What is it all about? 2 Telco M&A Trends 4 Summary 14 The Authors 15 The Company 16 Footnotes 17 05/2019 1 Detecon SPOTLIGHT I Telco Mergers and Acquisitions What is it all about? For years, we at Detecon have been actively supporting our clients in acquiring and integrating other organizations within the telecommunications industry. Thereby, our consultants have been observing worldwide transaction trends and mergers & acquisitions activities (M&A) in the global telecommunication markets. This “Telco Mergers and Acquisitions Spotlight” will highlight these observations from the past year and provide strategic insights into the most recent market developments, present selected use cases and explain the underlying rationale of those mergers. Finally, it will provide an outlook for possible M&A activities in 2019 and beyond. Mergers and acquisitions can be a valuable lever in building new digital business models or facilitating digital transformation. Furthermore, they are commonly used to generate growth, create synergies and reduce risk through diversification. Hence, it is not surprising that during a time characterized by increasing market uncertainty, the year 2018 has seen fewer transactions than in previous years. However, it was a record year for high-value M&A deals which can be seen in a comparison between 2017 and 2018 (Figure 1: Average deal value ($bn), 3Q17 vs.
    [Show full text]
  • Mobile Prepares to Change up a Gear
    csi-cover-February2017-V2.indd 1 February 2017 www.csimagazine.com Mobile prepares to to prepares Mobile change upagear 09/02/2017 14:46:21 Open source in TV 2017 trends Level 3 Q&A Future of VoD • Your window to the world of digital TV and media • Targeting top-level industry decision-makers • Independent news, insight and analysis • International coverage • Market trends CSI magazine is now available as a digital-edition across all tablet and smart-phone devices For advertising Millennial viewing www.csimagazine.com opportunities please email [email protected] or [email protected] broadband Satellite Live OTT Live IBC 2016 preview NFV & SDN www.csimagazine.com Cable tech special Cable tech sign up to our free e-newsletters and CSI Magazine at www.csimagazine.com/csi/signupcsi.phpDVB-S2x Multi-channel networks Multi-channel digitalEditions-feb2017-204x271.indd 1 13/02/2017 11:12:25 As close as it gets: Virtual Reality television September 2016 csi-cover-september2016.indd 1 23/08/2016 11:45:24 Connected living: A look inside smart cities June 2016 csi-cover-june2016.indd 1 23/05/2016 11:22:56 Contents 20 COVER STORY: 5G We look at the business case for the upcoming Future of VoD Future www.csimagazine.com Level 3 Q&A Level mobile standard and the impact it might have on Mobile prepares to 2017 trends the media sector among others change up a gear Open source in TVOpen source Editor 24 Q&A: Level 3 Goran Nastic A chat with Jon Alexander, senior director, product management, about carrying more Commercial broadcast
    [Show full text]