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Wireless Telecommunications Services

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AT&T says no decisions made on organizational structure related to Time Warner deal

Friday, 14 Jul 2017 12:41pm EDT

July 14 (Reuters) - AT&T Inc ::AT&T Inc on Time Warner deal says no decisions on organizational structure or leadership have been finalized‍​.

Dingli sees H1 FY 2017 net profit up 20 pct to 50 pct

Friday, 14 Jul 2017 02:12am EDT

July 14(Reuters) - Dingli Corp Ltd <300050.SZ> ::* Sees H1 FY 2017 net profit to increase by 20 percent to 50 percent, or to be 64.2 million yuan to 80.3 million yuan.* Says H1 FY 2016 net profit was 53.5 million yuan.* The reasons for the forecast are steady development of communications and vocational education business and increased investment return .

Synchronoss Technologies says previous 2017 annual guidance is withdrawn

Thursday, 22 Jun 2017 01:16pm EDT

June 22 (Reuters) - Synchronoss Technologies Inc ::Requesting amendment to credit agreement, for additional time to deliver its Q1 2017 financial statements - SEC filing.Discontinued Locker services are expected to have minimal revenue impact to Synchronoss' business with AT&T.Says on May 8, 2017, AT&T announced that it will be discontinuing its Locker services.Previous 2017 annual guidance is withdrawn; "new guidance cannot be provided until we have completed our accounting review".

Intelsat says launch program remains on track

Friday, 16 Jun 2017 07:18am EDT

June 16 (Reuters) - Intelsat SA ::Intelsat-While launch program remains on track, progress on commercialization of epicng services pacing slower than necessary to meet expectations for 2017‍​.Intelsat SA - pricing trends remain generally stable and within expectations for 2017 for both new business and renewals‍​.Intelsat SA - expect revenue to range from $2,150 million to $2,180 million for 2017.Intelsat SA - adjusted EBITDA guidance performance is expected to range from $1,640 million to $1,670 million for 2017.Intelsat SA - sees FY 2017 capital expenditures $500 million - $550 million - SEC filing.Intelsat SA - sees FY 2018 capital expenditures $400 million - $475 million.Intelsat SA - sees FY 2019 capital expenditures $400 million - $500 million.

Drillisch management supports United Internet takeover

Wednesday, 7 Jun 2017 01:40pm EDT

June 7 (Reuters) - Drillisch Ag :Management board and supervisory board support transaction - no specific recommendation on concurrent tender offer.

Reliance Communications says lenders constitute joint forum to consider debt reduction plans

Friday, 2 Jun 2017 09:27am EDT

June 2 (Reuters) - Reliance Communications Ltd :Says Reliance Communications' lenders constitute joint forum .Says lenders' take note of advanced stage of implementation of strategic transactions of wireless and towers business for debt reduction INR 250 billion.Says lenders to give RCom time of 7 months till December 2017 to complete the strategic transactions.RCom to also present plan for sustainable long term servicing of remaining debt of INR 200 billion.

RCom chairman Anil Ambani: no proposal to convert any debt to equity in next 7 mnths

Friday, 2 Jun 2017 09:22am EDT

June 2 (Reuters) - Reliance Communications Chairman Anil Ambani says::No proposal to convert any debt to equity in the next seven months.Don't see need for other group cos to support rcom.Provisions of various restructuring schemes are open to be exercised after the standstill period.All options are open for aircom when asked if they would consider a listing.Foreign lenders are supportive of transformation programme.Have not given personal guarantee for rcom loans.Jio is a separate entity, rcom is a separate entity, that will continue.Relationship with brother Mukesh is cordial, meaningful.

Cellcom Israel announces private debenture placement in Israel

Thursday, 1 Jun 2017 06:22am EDT

June 1 (Reuters) - Cellcom Israel Ltd ::Cellcom Israel announces private debenture placement in Israel, closing set to July 2018; Cellcom Israel announces a deferred loan agreement.Cellcom Israel -price was set at NIS 1.011 for each series K debenture of NIS 1 principal amount, or a total consideration of approximately NIS 222 million.Cellcom Israel Ltd - ‍entered into a loan agreement with an Israeli bank to provide company a deferred loan in a principal amount of NIS 150 million​.Cellcom Israel - entered agreement with Israeli institutional investors to sell NIS 220 million of additional debentures of existing series K debentures.

Fitch downgrades Reliance Communications to 'CCC'

Thursday, 1 Jun 2017 03:58am EDT

June 1 (Reuters) - :Fitch downgrades reliance communications to 'CCC'.Fitch- Also downgraded rating on Rcom's USD300 million 6.5% senior secured notes due 2020 to 'CCC/RR4' from 'B+/RR4'.Fitch- Rating watch negative on IDRS and notes has been removed on Reliance Communications.Fitch- Rcom's rating downgrade reflects Fitch's belief that some kind of default is a real possibility.Fitch- Believe that Rcom may struggle to refinance its maturing short-term debt given declining EBITDA and delays in executing asset sales.Fitch- Believe that Rcom's business model is compromised due to fierce price competition in Indian mobile market.Fitch- Rcom's capital structure is unsustainable as fy17 FFO-adjusted net leverage was over 9.0x and do not expect that operating cash flows will improve.Fitch- Rcom's market position is weak and it has limited financial flexibility to invest to strengthen its position or step-up marketing costs.Fitch- Have a negative outlook on Indian Telco market.Fitch- Expect credit profiles of top-four Telcos to come under pressure from tougher competition and larger capex requirement.Fitch- Rcom's size, scale and diversity will be much smaller should company complete sale of its tower business and demerge wireless unit as planned.Fitch- Weakening cash generation from core wireless business may hamper plan to demerge wireless business into 50:50 jv and sell 51% of tower business Reliance Infratel.

SoftBank Group transfers entire stake in Yahoo Japan to SoftBank Group International GK

Thursday, 1 Jun 2017 02:27am EDT

June 1(Reuters) - SoftBank Group Corp <9984.T>:Says it transferred its entire 36.4 percent stake in Yahoo Japan Corp <<<4689.T>>> to its wholly owned unit SoftBank Group International GK, an intermediate holding company, on June 1.

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