Sunday, August 02, 2020

Week 31 in Telecoms, Internet, Media

EARNINGS
  • KPN: 20Q2
    • cumulativ cost savings since 190101 EUR 213m, maintains target YE 2021: EUR 350m
    • maintains outlook 2020, outlook 2021 uncertain; plans interim div 4.3 c./share 200804
    • plans new reporting: new Consumer rev break-down (convergence, BB-only, postpaid-only, legacy/non-SR), new KPIs (HH replacing RGUs, to add ARPA (address)), Business end-to-end adj EBITDA AL
    • mobile site modernisation targets: FTTS to 95%, backhaul 10 Gb/s, 5G-ready, 6-8 frequency bands, 4x4 MIMO (or higher), 1 antenna, 3 site configurations
  • Orange: 20Q2
  • Telefonica: 20Q2
  • Telefonica Deutschland: 20Q2
  • BT: 20/21Q1
  • Proximus: 20Q2
  • Telenet: 20Q2
  • Telekom Slovenije: 20Q2
  • Altice Europe: 20Q2
  • MasMovil: 20Q2
  • Equinix: 20Q2
  • Digital Realty: 20Q2
  • Eutelsat: 19/20Q4 
  • Google: 20Q2
  • Amazon: 20Q2
  • Facebook: 20Q2
  • Pinterest: 20Q2
  • Spotify: 20Q2
  • Vivendi: 20Q2
  • ProSieben: 20Q2
  • Omnicom: 20Q2
  • Interpublic: 20Q2


CORPORATE


NETWORKS - FIXED

Fiber
  • Telefonica: Proposes Digital Deal for Spain
    • GDP impact 1.8% per annum until 2025
    • slogan "A Digital Deal to build back better our societies and economies"
    • 100% FTTP coverage by 2025, to lead in 5G
    • 5 priorities: 1. Boosting digitalisation for a more sustainable society & economy; 2. Addressing inequalities by investing in digital skills & adapting the welfare state; 3. Building inclusive & sustainable connectivity; 4. Ensuring fair competition by modernising the fiscal, regulatory & competition frameworks; 5. Improving trust through ethical & responsible use of technology.
  • Telefonica Deutschland
  • TIM
    • Rumor: gvt IT wants single OA NBN from TIM network merger with Open Fiber, majority-owned by TIM, open for outside investors
    • Reuters: KKR offers EUR 1.8b for 38% in access network (FiberCorp), CDP (gvt; currently 10% of TIM) to also take stake, Fastweb (Swisscom; currently 20% in JV FlashFiber with TIM) 4.4%; KKR, Macquarie, Wren interested in Open Fiber
    • TIM confirms KKR offer, to discuss 200804
  • Proximus
    • Targets 4.2m FTTP premises by end 2028 (= 70% coverage)
    • partners with Delta Fiber (= EQT) for Flanders (1.5m premises) via JV
    • partners with Eurofiber (= Antin) for Wallonia (0.5m premises) via JV
  • Community Fibre
    • plans FTTP in London, target 1m premises by 2023
    • Warburg Pincus & DTCP acquire controlling stake (other: Amber Infrastructure, RPMI Railpen)
    • appoints Olaf Swantee (formerly Sunrise, EE) Exec Chair
    • Consumers max 1 Gb/s (average 920/920 Mb/s) for 50 GBP/mo, Businesses 1 Gb/s for 300 GBP/mo, max 10 Gb/s for 500 GBP/mo
  • Fore Freedom to reuse abandoned fuel ducts form Dpt of Defence
Other


NETWORKS - WIRELESS

5G
Other
  • SKT starts 2G switch-off
  • SpaceX to raise $1b at $44b valuation
  • Amazon: FCC approves Project Kuiper: 3236 satellites (at 590-630 km: LEO), 50% to be operational by 260730, 100% by 290730; >$10b; 5 phases, to activate after 578 satellites; for rural BB, 4G/5G backhaul; to use 10-14 GHz, 17-20 GHz and 27-30 GHz bands


SERVICES

Video
Telecoms
  • BT launches Halo (FMC) for small businesses: Superfast Fibre Broadband, Digital Phone Line, Unlimited 4G SIM for 43 GBP/mo
  • Shaw launches sub-brand Shaw Mobile: free unlimited voice/text for BB subs, unlimited data 45 CAD/mo (throttling after 25 GB)
  • 1&1 Drillisch partners with Deutsche Post: physical mail notification (photo) 1 day before delievry for GMX.de and Web.de subs (34m)


REGULATORY

Spectrum, other
Platforms
  • Google
  • Amazon: ILSR report on 3rd-Party Sellers business in 2019: average fee 30% (2014: 19%), net rev $60b, "Amazon’s high fees make it nearly impossible for sellers to sustain a profitable business. Most fail."; proposes regulation (non-discrimination & fair pricing) and structural separation (online marketplace, retail division, logistics operation etc into separate companies)
  • Facebook
    • Established AI Red Team to hack own AI
    • Sues EU for seeking access to too much irrelevant documents in antitrust investigation - Court suspends EU request awaiting EC ruling
    • Blocks 12 accounts of Brazil President Bolsonaro supporters, complying with Supreme Court over fake news, after being fined for only blocking in Brazil [see 200625]; to appeal as regards it a threat to freedom of speech
  • Twitter
  • Snap: Diversity report 2019: 6.8% of employees Latinx, 4.1% black
  • Apple
  • General
    • India bans 47 more Chinese apps, considers to ban 275 more
    • NTIA (= Dpt of Commerce) orders platform regulation from FCC governing liability for content
    • US Congress (House Judiciary's Antitrust subcommittee) antitrust hearing 200729 of CEOs Apple (Tim Cook; App Store), Google (Sundar Pichai; search, ads, Android), Facebook (Mark Zuckerberg; ads, acquisitions, AI use, misinformation), Amazon (Jeff Bezos; 3-rd party sellers, copy services from companies that it invests in); statements from Amazon (size benefits consumers, sellers & the economy, faces plenty of competition from Walmart, Instacart, Shopify), Apple (not dominant in any market), Facebook (more work to do in combating disinformation and voter suppression), Google (helps small businesses thrive; plenty of competition in information from Amazon, Twitter, Snapchat, WhatsApp, online advertising costs dropped 40% over 10 years) - Jeff Bezos: "social media is a nuance-destruction machine"
    • Turkey establishes Digital Platforms Commission; to guard violation of laws, personal rights, fundamental rights, freedoms, privacy
    • ACCC Draft news media and digital platforms mandatory bargaining code: orders platforms (Google, Facebook) to negotiate (in good faith) payments to media outlets for news snippets (on Google News, Search, Discover) from 210101 or risk infringement penalty (max 10% of Australian rev); with arbitration process: independent arbitrator (Australian Communications and Media Authority) to choose which of the two parties’ final offer is most reasonable (within 45 business days); platforms to give notice (28 days) of algorithm changes; platforms to provide usage data (time spent on article, number of articles read etc) - Google disappointed - Consultation August 2020, final order shortly after; code to be reviewed after 1 yr

at 4:42 pm
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