Deutsche Telekom AG, reporting its first increase in quarterly revenue and U.S. mobile-phone contracts in three years, set aside 500 million euros ($667 million) to challenge Verizon Wireless and AT&T Inc. The stock rose the most in more than two years.
Telefonica SA and Royal KPN NV’s bid to combine their German assets has become an acid test for a telecommunications industry anxious over whether regulators will allow deals carriers say they need to spur growth.
Telecom Italia SpA, the company created from a merger of Italy’s disparate phone operators two decades ago, risks a downgrade to junk-bond status after rejecting calls for a stock sale and failing to win capital from overseas investors.
Among the dirty words in today’s telecommunications world, few are more reviled than “roaming charges.” In Europe, because the mobile phone industry is so fragmented, they’re an expensive fact of life.
Vodafone Group Plc’s Italian unit is seeking more than 1 billion euros ($1.3 billion) in damages from Telecom Italia SpA, claiming Italy’s largest phone company abused its dominant position in the market.
Telecom Italia SpA’s 2.2 billion-euro ($2.9 billion) goodwill writedown for the first half brings the amount of impairment losses by Italy’s largest phone company to 14 billion euros since 2011 as its stock heads for the ninth consecutive annual decline.
Telecom Italia SpA, Italy’s biggest phone company, said a capital increase isn’t on the agenda of a scheduled board meeting tomorrow, responding to an Il Messaggero report that Chief Executive Officer Franco Bernabe may make a proposal at a meeting with directors today.