The finalndese giant Nokia, the world leader in manufacturing mobile phones, announced the preparation of a plan to reduce staff in the sector of installation and maintenance of telecom networks. The proveddimento expected to cut 900 jobs and will cover all branches around the world.
The descent of Nokia’s experts for some great explanations. “Overall, the results are not bad. The company has largely kept the estimates while reducing the expected sales of mobile phones in 2002 by 5%,” says Mark Rabuffetti of Management Division of patrimonili Euroconsult, “The group has increased from 37% to 38% market share in mobile phones at the expense of competition. The explanation of the descent of title may be summarized thus negative sentiment that continues to hover on the bags. “
The confirmation of the operation of the buy back a billion does not seem to have much impact on Enel, which passes from hand to share 6.48 euros, down 0.34%, but with volumes below average. The deal was announced months ago, but not yet formally approved. If the buyback does not have warmed the hearts of the market, the reassurances about the future of Wind had no better luck. Franco Tato, who has chosen mobile phone provider for the farewell speech, he reiterated the targets achieved for a company that has emerged from start-ups and getting ready to come to net profit for 2005 and cash flow positive next year. Confirmed once again the important role of Wind in the Italian market, characterized by many companies in trouble and, according to the former administrator of opportunity to undermine the position of Telecom. The uncertainties are probably from the role of France Telecom, which is determined to alienate the participation and the market is dubious about the disbursement, coinciding also uncertainty about the quote, in fact postponed sine die.
Expectations not quite positive for the quarterly Deutsche Telekom, which will be presented to the financial community tomorrow. “The situation of fixed telephony unclear (especially systems division), together with problems of T-Mobile’s subsidiary operating in the wireless industry, not militate in favor of the title,” said Simone Chelini, equity manager for Nextra, adding: ” I find some confusion even in numbers, due to changes in budgeted posts as a result of changes in activity in the various divisions. Then it will be impossible to compare ‘apples against apples’ and the confusion is not conducive to investment. ” Also on the front with little prospect of debt. “From the floor of divestitures do not expect much” continues Chelini. “The sale of property, announced as a sale for most pure, will be resolved in reality in a maxi-operation ’sale and lease-back’ (sales and contextual Re-renting) while reducing its debt load cost income statement . Even from cables, already put on sale, should get far less than estimated (something like 5 billion euros). I expect more weakness in that capacity until the summer. “Concludes Chelini.
When the lower end of the session the title of the mobile operator Tim. The title is worth 6.06 euros, down 2.38% in line with the developments in the entire industry in Europe.
Analysts at UBS Warburg’s office studies have cut the price target of mobile operators in Europe. The sentiment on the sector and for the preservation of short caution. As for the Italian operator TIM, UBS has seriously reduced the target to 6.5 euros from 9.9 euros earlier.
Vodafone, world number one in mobile phones, expects its customer base in Italy and Germany share reach 43.7 million by the end of March 2005 from the current 34.03 million. Growth in number of customers should lead to a turnover of 17.76 billion euros and an EBITDA of 8.46 billion euros in the two countries for the financial year 2004-05. For the current year but are expected sales of approximately 12.84 billion euros and an EBITDA of 5.59 billion euros from Vodafone D2 in Germany and Vodafone Omnitel in Italy. By Arcor, the German subsidiary operating in fixed telephony, Vodafone expects sales of approximately 2.19 billion euros this year, rising to 4.18 billion euros in turnover in 2004-05. EBITDA expected to increase from 204 million euros this year to 798 million in 2004-05. The title of Vodafone at the moment slips 2.95% at 147.75 pence on the London Stock Exchange.
Starting from week to difficulties for the title Vodafone, after German rival T-Mobile said he wanted the dispute to the giant British leadership in Europe through tariff cuts and additional acquisitions. Vodafone has accused the coup and now gives 2.9% to 152.5 pence. A slight rise but the other UK operator BT, which surplus of 0.67% to 484.33 pence.
There is great expectation on the Sardinian society, that this week should take a formal decision regarding the Hutchison Whampoa. Although the heads of Tiscali have not yet commented a possible deal, the giant Hong Kong would be proposed as a partner in the field of third-generation wireless, being willing to share in the consortium Andalo. Hutchison Whampoa group is also part of VoiceStream Wireless Corp., the American mobile phone network acquired by Deutsche Telekom for $ 50 billion. But why Tiscali would have rejected the advances of the German phone giant to embrace that of Hong Kong? The explanation is that Hutchison Whampoa is now an extremely flexible partner, had offered to Andalo (unlike Deutsche Telekom) the possibility of a joint venture outside of Italy in the round and collaboration on various projects to be developed in a manner joint. Market rumors speak of the entry of Hutchison Whampoa in Andalo with a share of 50%.
Motorola launches itself a product warning and manufacturers of mobile phones around the world collapsed. Motorola loses approximately 8, 19%, collapsed also Finland’s Nokia and Sweden’s Ericsson. Even in France manufacturers glide sull’allarme launched overseas, Alcatel lost 7% and almost 10% Sagem.
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