Telecom Italia, Italy, has sought to lower it’s full year outlook reason being slower sales in Brazil and Germany. TIM Brasil has cut down it’s sales growth outlook to 7%, from its estimate of 9% in May.
Hansenet, Germany, forecasts annual sales of EUR 1.2 billion, down from an earlier outlook for EUR 1.3 billion.
Telecom Italia puts group sales target now at EUR 30.4-30.5 billion, in contrast to its previous estimate of EUR 31 billion, while the EBITDA margin forecast drops half a point to 38.0 percent.
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Competitors of German incumbent Deutsche Telekom (DT) are considering getting together to build a rival VDSL network to share costs, newspaper Frankfurter Allgemeine Zeitung reports, without quoting sources. Setting up such a network would only be profitable if a company could reach a market share of between 30% and 50%, and smaller competitors such as Arcor, Versatel, Hansenet, Telefónica Deutschland and QSC hope to share the cost of building their network infrastructure, the newspaper said. Germany’s telecoms regulator, the Bundesnetzagentur, last month said DT must give competitors access to its VDSL network, on pain of prosecution by the European Commission. However, it is seen as unlikely that Deutsche Telekom will negotiate with rivals without being forced.
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Telecom Italia lowers group sales target at EUR 30.5 billion (Italy)
