ADVFN - Advanced Financial Network.
HOME» NASDAQ » L » LBTYB Stock Price » LBTYB Stock News

Liberty Global Share News

 Liberty Global (mm) Stock Price
LBTYB Stock Price
 Liberty Global (mm) Stock Chart
LBTYB Stock Chart
 Liberty Global (mm) Stock News
LBTYB Stock News
 Liberty Global (mm) Company Information
LBTYB Company Information
 Liberty Global (mm) Stock Trades
LBTYB Stock Trades

Deutsche Telekom Dutch Unit Denies Report On Job Cuts

By Archibald Preuschat Of DOW JONES NEWSWIRES AMSTERDAM -(Dow Jones)- Deutsche Telekom AG (DTE.XE) rejected as incorrect a media report that it wants to cut a quarter of its Dutch workforce, a spokesman of T-Mobile in the Netherlands said Tuesday. Earlier Tuesday, Dutch daily Het Financieele Dagblad reported that T-Mobile Netherlands, fully-owned by Deutsche Telekom, wanted to cut 25% of its 1,900 staff in the country, citing unidentified sources. "We have to become a leaner and more efficient company," a T-Mobile spokesman said. However, he added there are no concrete plans for job cuts yet. T-Mobile, the country's smallest mobile network provider with a 24% market share according to research institute Telecompaper, saw its sales decreasing by 5% in the quarter ended March 31. Earnings before interest, taxes, depreciation and amortization, or Ebida, fell by almost 20% on lower sales and higher investments aimed at keeping customers. Most recently, T-Mobile introduced new rate plans which included set contracts for voice minutes or text messages and unlimited Internet access. Plans start at EUR29.50 for 150 minutes or texts per month, including unlimited mobile Internet. Customers who sign up for a two-year contract get a free smartphone and can use all services free of charge in the first four months. The unit's move comes at a time when Dutch telecom incumbent Royal KPN NV (KPN.AE) tries to raise prices following an 8.1% fall in its Dutch first-quarter mobile-service revenue, which it blamed on increasing use of voice over Internet protocol services, or VoIP, such as Skype and instant messaging such as WhatsApp. KPN, which has a 49% market share in the Netherlands, said it won't charge customers for using WhatsApp but T-Mobile forbids its customers from using the service in its latest terms and conditions, despite offering unlimited Internet access. Instant messaging is becoming increasingly popular in the Netherlands, especially among young customers who often use a smartphone. The trend impacts the telecom providers' sales and was one of the reasons why KPN issued a profit warning in April. KPN came under fire in its home market after it admitted to scanning its customers' data traffic to determine whether WhatsApp or Skype were being used. The Netherlands's second-largest mobile network provider, with a 27% market share, Vodafone PLC (VOD) said Tuesday it doesn't plan to copy T-Mobile's new rate plans. Vodafone also allows the use of WhatsApp but asks for an extra fee if customers want to use Skype on its mobiles. "We scrapped the fair use policy and implemented new fixed data allowances, charged differently. There are no plans to change this," a local Vodafone spokesman told Dow Jones Newswires. Competition in the Dutch mobile market could heat up further when a fourth player enters the field. The country's two cable network providers Ziggo and UPC, owned by European broadband provider Liberty Global Inc. (LBTYA), jointly bought mobile spectrum licenses last year, allowing them to offer national mobile services. -By Archibald Preuschat, Dow Jones Newswires; +31 20 5715 218;

Stock News for Liberty Global (LBTYB)
11/18/201508:00:00Liberty Global to Deploy ARRIS Touchstone Gateways to Subscribers
11/16/201514:20:00Liberty Global to Buy Cable & Wireless Communications for $5.3...
11/16/201513:38:00Liberty Global Announces Recommended Share Acquisition of Cable...
11/11/201513:29:00Vodafone Doesn't Rule Out Asset Exchange Talks with Liberty Global
11/10/201512:10:00Lions Gate Stake Sale Gives More Control to John Malone
11/06/201513:40:02Liberty Global plc Rides Growth in Europe to Strong Quarter
11/05/201520:10:00Liberty Global's Operating Profit Falls 23%
11/05/201517:45:00Liberty Global Reports Q3 and YTD 2015 Results
11/05/201504:00:00Liberty Global Enhances Customers’ WiFi Experience with Next-Generation W...
11/05/201503:14:00Cable & Wireless Communications 1st Half Revenue Rises
11/02/201502:01:00Liberty Global Partners with Techstars to Launch Virgin Media...
10/30/201517:15:00Liberty Global Schedules Investor Call for Third Quarter Results
10/29/201505:53:00BT Profit Beats Forecasts -- Update
10/29/201504:05:00BT 2Q Profit Beats Forecasts
10/23/201510:31:00TalkTalk Website Hacked; William Hill Results Hit
10/23/201508:24:00TalkTalk Website Hacked; William Hill Results Hit
10/22/201513:15:00Liberty Global Response to Announcement by Cable & Wireless Communications
10/22/201512:40:00Malone's Liberty Global in Talks to Buy Cable & Wireless

Liberty Global and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations