Vodafone Q1 2012/2013 results: Not quite as bad as it seems
Vodafone Europe’s June quarter service revenue growth contracted sharply to -1.6% from -0.2% in the previous quarter
Given various one-off factors, and a likely continued macroeconomic driven slowdown, we expect that Vodafone’s underlying competitive performance is unchanged
The outlook is still poor, with macroeconomic and regulatory headwinds joined by a self-inflicted problem in Spain. Cost control at least appears to be going well, with slowing smartphone sales growth keeping handset costs under control |
Mobile, Non-UK Telecoms, Telecoms |
July 2012 Access this report
|
'3' and 3G
With the handsets finally available and (to some extent) working, Hutchison 3G's '3' operation has finally launched in the UK. In this report we review the commercial prospects for '3' in particular and 3G in general.
|
Mobile, Telecoms |
April 2003 Access this report
|
2010 off to a good start: Sky fiscal Q1 2010 results
Latest fiscal Q1 2010 results show continuation of the strong subscriber and revenue growth trends, but as Sky forges ahead of its rival pay-TV operators so attention is turning to competition issues |
Media, TV |
October 2009 Access this report
|
2010 TV NAR bounce back to continue into Q4
The bounce back in TV NAR (Net Advertising Revenue) now looks set to continue into Q4, resulting in full year- on-year growth of about 12.5%
The bounce back has more than reversed the -11% fall in 2009, although it still leaves TV NAR in 2010 about -5% below pre-recessionary levels in 2007 (nominal prices). Meanwhile, persistent worries about the economy and the impact of government debt reduction measures suggest flat growth in 2011 |
Media, TV |
August 2010 Access this report
|
3's New Tariffs
On June 9th '3' launched 2 new tariffs aggressively targeting the core of the GSM contract base. In this report we look at the potential impact of these on both H3G and the UK GSM operators. |
Telecoms |
June 2003 Access this report
|
3G Capacity - Europe, Japan
In our recent report on 3G infrastructure, we analysed published actual contract values that demonstrated that claims that large European 3G networks would cost 5bn Euros or more each were very unlikely to be correct, at least in the next three years. We hypothesised that European operators would install a basic network which covered most of the national population, but that low needs for data transmission would mean that this network would suffice for the conceivable future. |
Mobile, Telecoms |
June 2001 Access this report
|
3G Datacards
3G datacards slot into laptops to provide Internet connectivity when on the move. They make good use of the current patchy 3G networks: demand is likely to be concentrated in areas that are currently covered, while GPRS is a good back-up outside these areas and the ‘bursty’ nature of their usage does not put an unsustainable load on the 3G networks. However, they are far more expensive and much slower than fixed line broadband, and they are likely to remain so for the foreseeable future, leaving their appeal as a ‘last resort’ rather than a genuine alternative. |
Mobile, Telecoms |
November 2005 Access this report
|
3G in Japan
Although 3G mobile networks are being rolled out aggressively in Japan, instead of the promised land of increased voice and data revenue driving higher profits, revenue is stagnant and costs are rising. In this report we examine why and consider the lessons to be learned for European operators.
|
Mobile, Telecoms |
June 2004 Access this report
|
3G Infrastructure
Europolitan, Vodafone's Swedish affiliate, has just announced that its expected costs to build a 3G network will be 10bn Swedish Kroner, or about 1bn Euros. |
Mobile, Telecoms |
September 2001 Access this report
|
3G Infrastructure
Estimates of the cost of building 3G networks in large European countries have tended to cluster around $5 billion per operator. This, in addition to the embarrassing large licence fees paid to governments, is acting as a drag on stock market performance. |
Mobile, Telecoms |
June 2001 Access this report
|
3G Infrastructure Sharing
The UK telecoms regulator, Oftel, has just (1st May) produced a briefing note that seems to encourage the idea of infrastructure sharing of third generation mobile networks. It defines 'infrastructure sharing' as including both physical sharing of sites, and also the sharing of capacity. The example Oftel gives is interesting. It says that two operators could divide up the country, one, say, building a network in Manchester, the other in Leeds. They could then allow free 'roaming' between the cities. |
Mobile, Telecoms |
May 2001 Access this report
|
4G in the UK : Advantage EE
A number of developments over the summer have, at least in theory, made the UK 4G mobile spectrum outlook a lot clearer: in July Ofcom issued its final policy statement regarding the 800MHz and 2.6GHz ‘4G’ auctions, in August it decided to allow Everything Everywhere (EE) to ‘refarm’ its 1800MHz spectrum for 4G use, and EE announced that it had sold 15MHz of its 1800MHz spectrum to H3G |
Mobile, Telecoms |
September 2012 Access this report
|
A busy week in UK broadband
BT’s launch of ‘Total Broadband’ represents a timely improvement in the value proposition for BT’s residential broadband customers but its impact will depend crucially on the success of BT Vision and other related services yet to be launched |
Telecoms |
June 2006 Access this report
|
A sample post with an image
This is some sample text.
this is some more. |
Mobile, Technology, Telecoms |
|
A U-turn at the Competition Commission?
The CC seems to be preparing to reverse its provisional conclusion that Sky’s hold over premium movies is damaging competition |
Media, TV |
March 2012 Access this report
|
About finding the right balance - Channel 4 annual report
Channel 4 enjoyed a bumper year in 2012 with regard to delivering its public service remit, epitomised by the London Paralympics
Public service successes notwithstanding, the continuing decline in main Channel 4 audience share post digital switchover is not being fully compensated commercially by large gains across the rest of the Channel 4 portfolio
Overall, we expect group revenues to remain quite stable in 2013 and 2014, but current record levels of investment in programme content origination have yet to bear fruit in terms of strong returning series |
Media, TV |
May 2013 Access this report
|
Al Jazeera needs Canal+
Qatar’s Al Jazeera will launch its French pay-TV channel by this summer, showing weekly Ligue 1 and Champions League games, but it has yet to disclose a business plan and distribution deals
The new channel is a complement to Canal+, which broadcasts the most attractive games. Al Jazeera would need to obtain distribution on the Canal+ platform
Even if such a deal were to be struck, Al Jazeera would struggle to break even |
Media, TV |
January 2012 Access this report
|
All about multi-products: Sky fiscal Q3 2010 results
Sky Q3 2010 adjusted revenues showed strong year-on-year growth of around ten percent in the year to date (10.7%), and in the third quarter (11.1%), marked by strong product sales into its existing subscriber base, especially in HD, but also solid progress in broadband, telephony and line rental |
Media, TV, Fixed line, Telecoms |
May 2010 Access this report
|
Alleged 25% Drop in ITV Viewing
The flow of news about ITV is going from bad to worse. But we think that the market may have misunderstood the real story behind last week's bombshell that ITV viewing has fallen by 25% in a year. This figure could have been predicted from existing data. |
Media |
January 2002 Access this report
|
Amazon makes its move into tablets
Amazon has taken the ereader to $79 and the tablet to $200. The Amazon Fire is everything that Android tablets are not: a coherent high-quality user experience rather than a box of components. It will sell well, while new sub-$100 Kindles will reinforce Amazon’s dominance of ebooks
Amazon began as a bookshop, but just 30% of Q2 North American sales were physical media of any kind. The Fire is part of a broader strategy – to embed Amazon in online buying of everything from shoes to nappies to iPads and TVs. The Kindle Fire is a shop window on every coffee table |
Media, Mobile, Technology, Telecoms |
October 2011 Access this report
|
