VMO2 offloads another 8% stake in Cornerstone
Today, Virgin Media O2 (VMO2) has announced that it will sell an 8.33% stake in mobile towers company Cornerstone to infrastructure investor Equitix.
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Tag: Financials
Verizon’s 4,800 job cuts will cost over $1.9 billion
This week, the initial cost of the job cutting measures has been revealed, with Verizon facing a $1.9 billion pre-tax charge in Q3 related to severance pay.
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Currency devaluation woes see Airtel Africa book a loss
This week, pan-African telecoms group Airtel Africa has reported its end of year results, with the company making a loss of the back of ongoing currency devaluation issues.
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MTN warns of challenging year ahead as net profit falls 83%
MTN’s latest financial results were released on Monday, showing a year-on-year fall in net profit by 83% to $221 million, despite a 6.8% uptick in total revenue to $11.7 billion.
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AT&T posts strong showing in Q3, reports nearly 300K fibre adds
News AT&T CEO John Stankey said the company’s investments in 5G and fiber connectivity have...
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Vodafone sales increase as merger looms
News Despite declines in other key markets, Vodafone UK reported an increase in sales in its...
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Unions say Vodafone planning to shed 1,000 jobs in Italy
News The latest move to help reduce the Group’s cost could see Vodafone Italy’s workforce shrunk...
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Vodafone’s struggle continues as revenue dips in key markets
News The operator’s latest results show service revenue down in Germany, Italy, and Spain, with...
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London staff to take the brunt of Vodafone job cuts
News The operator group will eliminate hundreds of jobs as part of wider efforts to generate €1...
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