Kazakhtelecom remains one of the cheapest telecom stocks in the EMEA telecom universe: based on Bloomberg data, it trades at a FY11 EV/EBITDA of 1x vs EM fixedline
peers' 5x average.
Elsewhere, investors liked the double deal announced by Carphone Warehouse that will expand its TalkTalk fixedline
The company said the fixedline
home phone service had been profitable in August and September.
BMI's annual update for 2012 contains revised and extended forecasts that predict how the country's fixedline
, internet, broadband and mobile telephony sectors will develop through to the end of 2016.
MTNL Nova Navigator has added the strategy of true utility computing for MTNL's fixedline
customers, who have so far stayed away from computing due to the cost and complexities involved," the chairman and managing director of MTNL, Kuldeep Singh, told reporters.
But a decline in demand for fixedline
services meant this result was still 13 per cent lower than a year ago when BT reported profits of pounds 501 million.
MOBILE retailer The Carphone Warehouse yesterday expanded its operations by agreeing a pounds 65m deal to buy fixedline
telecoms group Opal Telecom.
services have continued to decline although BMI expects Greece's fixed-line market to remain relatively buoyant in the medium term due to interest in unbundled line offerings from alternative providers.
tariff growth restrictions affected Rostelecom, which fell 3.
Regulatory intervention, competition, price cuts and changes in technology contributed to turnover from its fixedline
business falling five per cent during the year.
Our latest update on the Jordan telecommunications market contains newly published data on the fixedline
and internet markets by the country's Telecoms Regulatory Commission (TRC).
That said, a stable results release - which backs the defensive nature of the fixedline
business - could create some positive sentiment for the shares.
These customers were now potential users of its fixedline
eircom claims that its fixedline
losses are being mitigated by increases in the number of its broadband customers, with those customers increasingly opting to use VoIP services.
4% on the back of the clientele migration to cheaper tariffs and a 1% YoY fixedline