Jillian Deutsch

Reporter at Bloomberg News

telcos @bloomberg in europe. new londoner. formerly brussels and paris. [email protected]

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Articles

Eutelsat Raises €1.35 Billion to Build Europe’s Starlink Rival

1 week ago | bloomberg.com | Jillian Deutsch |William Horobin

An Eutelsat satellite dish array in France. (Bloomberg) -- Eutelsat Communications SA is raising €1.35 billion ($1.5 billion) from the French government and other investors in a deal that will help the European company build out its fleet of satellites as an alternative to Elon Musk’s Starlink.
Vodafone Appoints Microsoft Executive Pilar López as CFO

1 week ago | bloomberg.com | Olivia Solon |Jillian Deutsch

Vodafone branding. Photographer: Manaure Quintero/Bloomberg(Bloomberg) -- Vodafone Group Plc has appointed Pilar López as its new chief financial officer following the departure of Luka Mucic, who announced he was leaving last month. López will join in October as CFO designate before taking over the official role after Mucic leaves on Nov. 30., the company said in a statement on Thursday.
KKR, GIC Are Said Among Final Bidders for MasOrange, Zegona JV

1 week ago | news.bloomberglaw.com | Clara Hernanz Lizarraga |Vinicy Chan |Jillian Deutsch

KKR & Co. and GIC Pte. are among the final bidders for a stake in a fiber-optic broadband network venture owned by MasOrange and Zegona Communications Plc, according to people familiar with the matter. The two funds are among the suitors that have entered a second round of the process to buy a 40% stake in the joint venture, the people said, asking not to be identified because the matter is private.
KKR, GIC Are Among Final Bidders for MasOrange, Zegona Joint Venture

1 week ago | bloomberg.com | Clara Hernanz Lizarraga |Vinicy Chan |Jillian Deutsch

Multi-colored fiber optic cables connected to a terminal. (Bloomberg) -- KKR & Co. and GIC Pte. are among the final bidders for a stake in a fiber-optic broadband network venture owned by MasOrange and Zegona Communications Plc, according to people familiar with the matter. The two funds are among the suitors that have entered a second round of the process to buy a 40% stake in the joint venture, the people said, asking not to be identified because the matter is private.
UK Pension Intervention Will Unlock Capital, Tech Minister Says

2 weeks ago | bloomberg.com | Jillian Deutsch

The London Stock Exchange headquarters. (Bloomberg) -- The London Stock Exchange is under-capitalized and the UK government’s plan to intervene in pension funds — forcing them to invest in private companies — will boost the amount of money being pumped into the economy, Technology Secretary Peter Kyle said. “We do not start intervening in pension regulations lightly,” Kyle said on stage at the Founders Forum event in Oxford on Thursday.
Eutelsat CEO Races to Raise Funds to Keep Starlink Rival Afloat

2 weeks ago | bloomberg.com | Jillian Deutsch

Europe’s only Starlink alternative has to get cash fast to have any hope of challenging Elon Musk’s provider of satellite-based internet services. Jean-François Fallacher, who took over as chief executive officer of Eutelsat Communications SA last week, is scrambling to get funds to save OneWeb, the constellation of low-Earth orbit (LEO) satellites that Eutelsat, based in a suburb of Paris, acquired in a $3.4 billion deal in 2023.
Eutelsat CEO Races to Raise Funds to Keep Starlink Rival Afloat

2 weeks ago | news.bloombergtax.com | Jillian Deutsch

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Eutelsat in Talks to Raise €1.5 Billion, Double French Stake

4 weeks ago | bloomberg.com | Jillian Deutsch

Satellites at the Eutelsat headquarters in Canial, Portugal. (Bloomberg) -- Eutelsat Communications SA, the European satellite operator working to rival Elon Musk’s Starlink, is in talks with investors to raise €1.5 billion ($1.7 billion) in a deal that would more than double the French government’s stake to 30%, people familiar with the matter said.
BT Sees Broadband Losses Continuing as UK Competition Mounts

1 month ago | bloomberg.com | Jillian Deutsch

An EE and BT Group store in London. (Bloomberg) -- BT Group Plc said its earnings would be little changed this year as the UK telecommunications company predicted further broadband customer losses at Openreach. Adjusted earnings before interest, taxes, depreciation and amortization are forecast to be £8.2 billion ($11 billion) to £8.3 billion for the fiscal year ending next March, compared to £8.21 billion the previous year, the company said in a statement on Thursday.
Vodafone’s CEO Says End Is in Sight for German Sales Declines

1 month ago | news.bloombergtax.com | Jillian Deutsch

Vodafone Group Plc Chief Executive Officer Margherita Della Valle said the company’s biggest market, Germany, may return to revenue growth in the current fiscal year after heavy competition and a regulatory change cost it millions of customers and pushed down sales. Vodafone will continue feeling the impact from the legal change — which barred landlords from bundling rent with TV and broadband services — for another quarter, Della Valle said in a call with reporters on Tuesday.