On May 13, 2014, BT Group plc (ADR) (NYSE:BT) announced a seven year extension to its global networked IT services contract with Syngenta, one of the world’s leading agribusiness companies. BT has worked with Syngenta since 2000, managing all aspects of communications including an integrated IP infrastructure to reduce costs and enable expanded collaboration services. BT will provide new services to Syngenta under this contract such as wide area network (WAN) optimization, wireless local area network expansion, unified communications support and application performance monitoring. BT Group plc (ADR) (NYSE:BT) net profit margin is 11.00% and weekly performance is 3.06%. On last trading day company shares ended up $66.78. Analysts mean target price for the company is $84.09. BT Group plc (ADR) (NYSE:BT) distance from 50-day simple moving average (SMA50) is 12.73%.
Telecom Italia shareholders Assicurazioni Generali and Mediobanca are aiming to sell their stakes in the firm by next month, dismantling an ownership structure for Italy’s biggest phone company that’s been in place for the past seven years, according to Bloomberg, citing confirmation from Generali Chairman Gabriele Galateri and a source with knowledge about the matter regarding Mediobanca. Telecom Italia SpA (ADR) (NYSE:TI) shares fell -0.16% in last trading session and ended the day on $12.38. TI Gross Margin is 56.70% and its return on assets is -6.00%. Telecom Italia SpA (ADR) (NYSE:TI) quarterly performance is 9.07%.
Spanish telecom giant Telefonica S.A. (ADR) (NYSE:TEF) has teamed up with software expert Red Hat and Intel Corp. to develop network functions virtualization service (:NFV) facilities. In particular, the companies are working on a virtual infrastructure management (:VIM) platform based on open-source software that operates on Intel-powered servers. The idea is to avert fragmentation and vendor lock-in since operators shift to cloud-based telco networks. Research in this regard is being conducted at Telefonica’s newly-established NFV Reference Lab. Telefonica S.A. (ADR) (NYSE:TEF) shares moved up 0.30% in last trading session and was closed at $16.73, while trading in range of $16.68 – $16.77. Telefonica S.A. (ADR) (NYSE:TEF) year to date (YTD) performance is 5.89%.
On May 28, 2014, Sprint Corp. Chairman Masayoshi Son pointed to recent telecom and cable mergers as a reason to allow his company to buy rival T-Mobile US Inc., saying access to the Internet is currently dominated by three giants with no sizable competitor. Antitrust authorities have signaled they would oppose such a deal, because it would reduce the number of national competitors in the U.S. wireless industry to three from four. Sprint Corporation (NYSE:S) ended the last trading day at $9.55. Company weekly volatility is calculated as 2.64% and price to cash ratio as 6.09. Sprint Corporation (NYSE:S)showed a positive weekly performance of 5.41%.
Koninklijke KPN N.V. (ADR) (OTCMKTS:KKPNY) shares moved up 1.08% in last trading session and was closed at $3.74, while trading in range of $3.70 – $3.74.
Leave a Reply