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Articles tagged with: Avea and Oger Telecom
Turkish mobile network operator, avea has named Erkan Akdemir as its new CEO, replacing Cüneyt Türktan who had held the post since 2006. Türktan is to take up the role of strategic advisor to the chairman of Oger Telecom for new-generation wireless investments with effect from the end of this month. more
Related Tags: turk-telekom, telekom, erkan-akdemir, Turkey
Telecom Italia Mobile 3G Subscribers Pass 5 Million
Telecom Italia (TI) has released preliminary figures for the first half of 2007 and the operational numbers are typically light on much useful detail. However, they show that domestic mobile unit TIM had a 3G customer base of over 5.1m at the end of June, overall customer numbers rising to 34.3m from 33.6m at the end of March. Mobile service revenues increased by 6.5% year on year between Q2 2006 and Q2 2007, the biggest increase recorded in some while, although this statistic excludes "discontinuities" which have impacted the way revenues are accounted for in the last year. The elements accounted for as discontinuities by TI include a change in the way roaming traffic is accounted for (following EU guidelines), a termination rate cut for fixed-to-mobile calls and the so called "Bersani Decree" - a recent piece of government legislation affecting all Italian companies. However unfortunate it may be, domestic and European regulation and legislation is a fact of life for all Europe's telcos. Of course we understand why TI shows us figures excluding "discontinuities" - to demonstrate that the underlying business is performing well - but take out termination and roaming rate cuts and the like and many peers would also have a very much better story to tell. As it was, on an actual basis, stated mobile service revenues at TI fell by 1.3% or €30m year on year from €2.351bn in Q2 2006 to €2.321bn in Q2 2007. more
Related Tags: telecom-italia, vas, tim, eu, entel, tim-brasil, brasil-telecom, vivo, turk-telecom
Telecom Italia Sells Oger Telecom Stake
Telecom Italia has announced that it has sold its 10.36% stake in Oger Telecom to the parent company, Saudi Oger for a total price of US$477 million. The agreement also includes the removal of a Telecom Italia commitment for US$150 million. The operation, which should be completed by the end of July, will result in a reduction of approximately 470 million euro in the net financial position of Telecom Italia Group and will have a positive impact of 90 million euro on the profit and loss. more
Related Tags: telecom-italia
Turkey, Oger Telecom Sign Agreement On Turk Telekom"
BERLIN -(Dow Jones)- Saudi Arabia's Oger Telecom said Monday it and the Turkish government have signed the shareholder agreement relating to the purchase of 55% of Turkish telecommunications operator Turk Telekom. more
Related Tags: bt-group, bt, turk-telekom
Telecom Italia To Invest $200 Million In Turk Telekom Consortium
MILAN -(Dow Jones)- Telecom Italia SpA (TIT.MI) said late Friday it will initially invest $200 million in the consortium that won the bidding for Turkish telecommunications operator Turk Telekom. more
Related Tags: bt-group, bt, turk-telekom, dubai, dubai
Saudi Oger-Led Group Wins Bidding For Turk Telekom
ISTANBUL -(Dow Jones)- A consortium led by Saudi Arabia's Oger Telecom agreed to buy control of Turk Telekom (TKC), after trumping its only rival with a bid that values the fixed-line telecommunications operator at $11.9 billion, Ihlas News Agency reported Friday. more
Related Tags: etisalat, turkcell, bt-group, bt, supreme-court, turk-telekom, emirates
Saudi Oger,Etisalat Still In Turk Telekom Bidding"
ISTANBUL -(Dow Jones)- The Turkish Privatization Agency Friday said two groups -one led by Saudi Arabia's Oger Telecom and another headed by Emirates Telecommunications Corp. (ETISALAT.AD) -have made it through to the final round of bidding for a majority stake in Turk Telekom, Ihlas News Agency reported. more
Related Tags: etisalat, turkcell, bt-group, bt, emirates