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Integrated Telecommunications Services

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Shaw reports Q4 EPS $0.96‍​

Thursday, 26 Oct 2017 07:30am EDT

Oct 26 (Reuters) - Shaw Communications Inc :Shaw announces fourth quarter and full year fiscal 2017 results.Q4 revenue c$1.24 billion.‍Fiscal 2018 guidance, includes consolidated operating income before restructuring costs, amortization growing to about $2.1 billion​.Sees ‍fiscal 2018 capital investments of approximately $1.38 billion​.Sees ‍fiscal 2018 free cash flow of approximately $375 million​.‍Expect majority of growth in consolidated operating income before restructuring costs, amortization to occur in back half of fiscal year​.Qtrly diluted earnings per share $0.96‍​.Q4 earnings per share view c$0.28, revenue view c$1.27 billion -- Thomson Reuters I/B/E/S.

Leon Technology's shares to resume trade on Oct 27 after halting restructuring plan

Thursday, 26 Oct 2017 06:13am EDT

Oct 26 (Reuters) - Leon Technology Co Ltd <300603.SZ>:Says its shares to resume trade on Oct 27 after halting asset restructuring plan.

Pharol seeks to keep high stake in Oi in restructuring -CEO

Thursday, 12 Oct 2017 12:51pm EDT

Oct 12 (Reuters) - CEO of Portugal's Pharol SGPS , the largest shareholder in Brazil's telecom firm Oi says::Oi restructuring plan presented on Wednesday is "balanced and positive"..Luis Palha da Silva says Pharol will make an effort to keep its stake in Oi at highest possible percentage after the restructuring..Pharol is not opposed to "demanding" dilution of shareholdings in Oi..A restructured Oi will be ready for mergers and acquisitions activity, not necessarily as a target..Pharol holds a 25.7 percent stake in Oi..Oi, which is in a bankruptcy protection process, submitted a debt restructuring plan that would limit the debt-for-equity swap demanded by creditors to 25 percent of its capital, far below the 88 percent proposed by a group of bondholders. nL2N1MM2JP.Further company coverage: PHRA.LS.

Pharol seeks to keep high stake in Oi in restructuring -CEO

Thursday, 12 Oct 2017 12:51pm EDT

Oct 12 (Reuters) - CEO of Portugal's Pharol SGPS , the largest shareholder in Brazil's telecom firm Oi says::Oi restructuring plan presented on Wednesday is "balanced and positive"..Luis Palha da Silva says Pharol will make an effort to keep its stake in Oi at highest possible percentage after the restructuring..Pharol is not opposed to "demanding" dilution of shareholdings in Oi..A restructured Oi will be ready for mergers and acquisitions activity, not necessarily as a target..Pharol holds a 25.7 percent stake in Oi..Oi, which is in a bankruptcy protection process, submitted a debt restructuring plan that would limit the debt-for-equity swap demanded by creditors to 25 percent of its capital, far below the 88 percent proposed by a group of bondholders. nL2N1MM2JP.Further company coverage: PHRA.LS.

ARC Group Worldwide ‍announces sale of non-core division​‍​

Monday, 18 Sep 2017 04:15pm EDT

Sept 19 (Reuters) - ARC Group Worldwide Inc ‍​:ARC Group Worldwide Inc - ‍announces sale of non-core division​.ARC Group Worldwide Inc - board of directors appointed a special committee consisting of independent directors to oversee and negotiate sale process.ARC Group Worldwide Inc - announced completion of sale of General Flange & Forge LLC, a non-core subsidiary of ARC.

Sweden's Telia says to sell 7 pct stake in Turkcell

Monday, 18 Sep 2017 11:15am EDT

Sept 18 (Reuters) - Telia Company :Telia company announces proposed sale of part of its stake in Turkcell.Says ‍announces launch of an accelerated bookbuilding offering to institutional investors of approximately 153.5 million shares in Turkcell Iletism Hizmetleri A.S. (Turkcell)​.Says ‍proposed stake sale represents approximately 7.0 percent of Turkcell's issued share capital.​.Says ‍will continue to be largest shareholder in Turkcell in economic terms post today's proposed transaction.​.

Fusion to acquire Birch Communications' cloud, business services business

Monday, 28 Aug 2017 08:00am EDT

Aug 28 (Reuters) - Fusion Telecommunications International Inc ::Fusion announces definitive agreement to acquire birch communications' cloud and business services business.Fusion telecommunications - ‍all-stock deal in which birch shareholders to get approximately 73 million common shares of fusion valued at $3.85 per share​.Fusion telecommunications international inc - ‍fusion will assume birch's existing debt of approximately $458 million​.Fusion telecommunications international - deal is expected to be significantly accretive to fusion's adjusted ebitda immediately upon closing.Says ‍fusion and Birch shareholders will each appoint four directors to combined company's board​.Fusion Telecommunications - ‍birch's existing debt of approximately $458 million is expected to be refinanced along with fusion's existing debt​.Fusion Telecommunications International Inc- deal approved by boards of directors of both companies.Fusion Telecommunications International Inc - ‍matthew Rosen, chief executive officer of fusion, will serve as ceo of combined company.Fusion Telecommunications International - ‍ninth director of combined co to be nominated by birch shareholders with fusion's prior approval.Fusion Telecommunications International Inc - ‍acquisition will not include birch's legacy consumer and single-line business customers​.Fusion Telecommunications International Inc - ‍matthew Rosen will assume role of chairman of board upon close of transaction​.

Telecom Egypt Q2 consol profit rises

Tuesday, 15 Aug 2017 03:00am EDT

Aug 15 (Reuters) - TELECOM EGYPT CO :Q2 CONSOL NET PROFIT AFTER TAX EGP 1.27 BILLION UP 22 PERCENT YEAR ON YEAR.Q2 CONSOL REVENUE EGP 4.64 BILLION VERSUS EGP 3.29 BILLION YEAR AGO.Q2 CAPEX WAS EGP 1.28 BILLION.AS AT JUNE 30 2017, NET DEBT WAS EGP 4.75 BILLION.ACCORDING TO CONSERVATIVE FIVE YEAR BUSINESS PLAN, EXPECTS TO GROW CORPORATE SERVICE REVENUES BY A CAGR OF 11 PERCENT.ACCORDING TO FIVE YEAR BUSINESS PLAN, CORPORATE EBITDA MARGIN PROJECTED TO BE IN MID TO HIGH-20S PERCENT, YEARLY CAPEX TO REVENUE RATIO AVERAGING 15%.TOTAL INCOME FROM INVESTMENTS GREW BY 65.5 PERCENT YOY, TO EGP 1.20 BILLION IN H1, DRIVEN BY SHARE OF PROFIT OF EQUITY ACCOUNTED INVESTEES, MAINLY REPRESENTING CO'S STAKE IN VODAFONE EGYPT .

Singapore Telecommunications affirms guidance previously issued in May 2017

Thursday, 10 Aug 2017 06:29pm EDT

Aug 11 (Reuters) - Singapore Telecommunications Ltd ::FY 2018 group free cash flow (excluding spectrum payments and dividends from associates) to be about S$1.8 billion."Group affirms guidance previously issued in may 2017".Both operating revenue and EBITDA from core business to grow by low single digit level for FY18.In FY18 mobile service revenue from australia to grow by low single digit level.For FY18 Amobee group to contribute S$1.2 billion to S$1.3 billion in operating revenue and targets breakeven in EBITDA.Capital expenditure for group on an accrual basis is expected to approximate S$2.6 billion in FY2018.For FY 2018 capital expenditure for group on cash basis is expected to about S$2.4 billion.In FY18 dividends from regional associates are expected to be around S$1.4 billion.In FY 2018 spectrum payments in singapore and australia are expected to approximate S$1.0 billion..

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