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Development Capital has announced a €6 million investment in IP Telecom, a leading Irish provider of cloud-based VoIP to customers.
Telecom News

Development Capital’s investments in Irish SMEs reaches €100 million following €6 million investment in IP Telecom

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Development Capital has announced a €6 million investment in Internet Protocol Telecom Limited (IP Telecom), a leading Irish provider of cloud-based voice over internet protocol (VoIP) and unified communications telephony services to SME & Enterprise customers in Ireland. The minority investment will be used to accelerate the company’s organic and acquisitive expansion plans in the business telephony sector, with intention to increase annual revenues from a forecast of €6m in 2023 to €11m in FY2024. The investment in IP Telecom brings Development Capital’s total investments in Irish SME’s to €100m since 2013.

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Verizon Business and Indian ICT company HCLTech team up in an agreement touted to be valued at a whopping $2.1 billion
Broadband

Verizon and HCLTech: Disruptor Deal Sparks Telecom Innovation

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Verizon Business and HCLTech shake hands in a significant $2.1 billion deal, blending Verizon’s renowned technological capabilities with HCLTech’s Managed Network Services. The partnership is geared to invigorate clients’ operations with next-gen technologies, buttressing the modernization of service delivery and putting Verizon on the fast track to revitalizing its fixed-line business. Following this, major portions of Verizon’s operations will smoothly transition to HCLTech.

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In their respective half-year results, Three UK has reported a 4% increase in revenue, reaching £1.23bn courtesy of an enhanced customer base.
Telco Buzz

Unpacking Telecom Giants’ Half-Year Results: Revenue Growth and Challenges

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As Three UK reports a 4% revenue boost, courtesy of an expanded active customer base, its operations cost, inflated by 19%, outpaces earnings, hinting at potential sustainability issues. In a different landscape, Telecom Italia shows a 5.5% Q2 profit increase, largely on Brazil’s performance, though competitive pricing in Italy has forced a hefty debt, leading TIM to consider selling its landline grid. At the same time, BT Group sees an uptick in revenue by 4%, attributed to raised prices and improved customer satisfaction. Contrarily, US-based Qualcomm, hit by reduced consumer spending, anticipates a similar upcoming quarter, resulting in a sharp fall in share price. Meanwhile, Bharti Airtel highlights a 14.1% YoY revenue increase, fueled by its growing 4G and postpaid customer base.

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e& has sealed an agreement to acquire marquee majority shares in PPF Telecom Group's telecommunication assets in specific European countries.
M&A

e& Expands European Telecom Presence with PPF Acquisition

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In a strategic move set to reshape telecommunications landscapes, UAE telecom consortium e& has inked a €2.15 billion deal to procure a significant slice of PPF Telecom Group’s European operations. This stakes in Bulgaria, Hungary, Serbia, and Slovakia come bundled with control over the local branches of telecom infrastructure divestment, Cetin. With an elaborate contingency payout plan incorporated, the deal also holds implications to the tune of €350 million over the next 3 years.

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