Telecom Sector

BT to add 1,600 engineers to Openreach workforce

BT to add 1,600 engineers to Openreach workforce

New recruitments by BT are expected to help the telecom firm address complaints that it often leaves its customers stranded without access to internet for too long.

AT&T to acquire DirecTV for $48.5 billion

AT&T to acquire DirecTV for $48.5 billion

Telecom giant AT&T has agreed to acquire satellite TV firm DirecTV in a stock-&-cash deal worth around $48.5 billion, or $95 per share.

BT reports better-than-expected annual profits

Stock in BT gained nearly 3 per cent on Thursday after the telecoms giant reported better-than-expected annual results.

Underlying pre-tax profits increased by 9 per cent to £901 million in the twelve month ended March 31, while underlying revenues jumped 0.5 per cent.

BSkyB's total TV subscriber figure soars to over 10 million

Defying soaring competition in the broadcast and broadband market, BSkyB gained thousands of new TV customers in the three months to March, taking its total TV subscriber number to more than 10 million.

Vodafone in Legal Battle with Papistas for Franchise Cancellations

Mobile Trade Stores has sued the Greek unit of Vodafone for €1.37bn. The company said this is for the damages it went through when franchise agreements were cancelled by Vodafone.

Papistas the parent company of MTS said it is suing Vodafone on grounds of damage due to lost business and moral damages.

NBN may Land Paying up Telstra's About $100 billion

Telstra might get something close to $98 billion or more in the coming fifty five years. This could happen as NBN Co, the company that is starting the National Broadband Network would pay the telecom major a huge amount for accessing its network of wires and pipes.