telecom
BT Group (LON: BT.A) and Vodafone (LON: VOD) share prices jumped sharply this week after the two companies published their financial results. Vodafone’s stock jumped by over 5% on Wednesday and continued the trend on Thursday. It jumped to a high of 77.50p, its highest level since September last year. It has soared by over 23% from its lowest point this year. BT Group, on the other hand, spiked by over 12% on Thursday, reaching a high of 128p, its highest level since December 14th. It has surged by over 25% from its lowest level this year. BT Group vs Vodafone stocks Vodafone and BT reported r...
Invezz
The FTSE 100 index continued its remarkable bull run this week as investors reflected on the Bank of England (BoE) interest rate decision and after the strong UK GDP numbers. It surged to a record high of £8,440, making it one of the best-performing European indices. Next week will be an important one for the Footsie as many big companies are set to publish their financial results that will provide more colour on their operations. Most firms that have already published their numbers have pointed to robust revenue and profitability growth. The most notable were firms like Lloyds, HSBC, and Barc...
Invezz
BT Group’s (LON: BT.A) share price has been left in the dust by the FTSE 100 index this year. It has plunged by over 15% this year while the FTSE 100 has soared by over 8% to a record high of £8,310. It became one of the worst-performing companies in the index. Worse, it has plunged by over 41% from its highest level in June 2021. Growth concerns remainUK telecom companies are not doing well as concerns about their growth and profitability continue. Vodafone’s stock has also plunged by over 40% from its highest point in 2021. This performance is in contrast to other European telecom companies....
Invezz
Colorado Springs (AFP) - Though satellite internet has existed for years, the competition is about to rapidly intensify, with companies planning to launch thousands of their own systems into low Earth orbit. The latest move in the industry came on Tuesday from Amazon, which took a major step towards getting its $10 billion Kuiper constellation off the ground by sealing deals with three rocket companies. The US online retail giant wants to strengthen its lucrative diversification into IT services, and "provide low-latency broadband to a wide range of customers," including those "working in loca...
AFP
Reports positive growth in overall operations and ongoing enhancement in business resultsProfit attributable to equity shareholders up 4.3% period-on-period to HK$534 millionInterim dividend HK5.5 cents per share up 10.0% period-on-periodHONG KONG, Aug 19, 2021 - (ACN Newswire) - CITIC Telecom International Holdings Limited (CITIC Telecom or the Group; HKG:1883), Asia-leading multinational internet-oriented telecommunications enterprise providing comprehensive services, reported profit attributable to equity shareholders of HK$534 million for the six months ended 30 June 2021, representing a p...
ACN Newswire
New York (AFP) - The New York Stock Exchange abandoned plans to delist three state-owned Chinese telecom companies on Monday, reversing a decision that further dented already strained relations between the world's two superpowers. In a brief statement, the stock exchange said it "no longer intends to move forward with the delisting action" for China Telecom, China Mobile and China Unicom. No detailed reason was given for the sudden reversal, which the exchange said came after "further consultation with relevant regulatory authorities". In response, Chinese foreign ministry spokeswoman Hua Chun...
AFP
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