2月24日，春节后首个工作日，广东再度召开"新春第一会"。今年大会聚焦"制造业与服务业协同发 展"，吹响"十五五"开局之年的冲锋号角。"今年，中国移动广东公司将着力发挥网络基础牢、产业链条 长、行业带动强、属地融入深等优势，注智赋能制造业和生产性服务业深度融合，为广东经济社会高质 量发展作出新贡献。"中国移动通信集团广东有限公司党委书记、董事长、总经理葛松海在会上发言表 示。他强调，要当好"供给者"，打造"网络+服务"支撑体系，推动2.7万家工业企业提质增效，持续打 磨"全光组网+大模型+工业AI应用"解决方案，加速韶关及珠三角算力机房征地建设，助力大湾区打造 全国领先的算力集群。推进AI质检、AI工业机器人等融合应用，支撑企业按需调度算力、精准适配场 景。（南方财经） ...

Orange Capital Markets Day February 2026 19th 1 Today's speakers Our leadership team Main speakers Heydemann Group CEO Martinez Group CFO Christel Laurent Aliette Mousnier-Lompré CEO O.Business Hénique CEO Orange France Shaker CEO OMEA Spenger CEO MasOrange Jérôme Yasser Meinrad Communication CSR Today's agenda Financial trajectory & Capital allocation 03 Strategic overview 01 Guidance & key take-aways 04 Our strategy in action: business overview 02 Q&A Hugues Foulon CEO O.Cyberdefense Mari-Noëlle Jégo- Lav ...

Core Viewpoint - Vodafone (VOD.US) reported a total revenue of €10.5 billion for Q3 of FY2026, reflecting a year-on-year growth of 6.5%, with organic service revenue growth of 5.4%. However, service revenue growth in Germany, its largest market, was only 0.7%, falling short of market expectations, leading to a 6.8% drop in stock price. The company reaffirmed its full-year guidance, expecting adjusted EBITDAaL and free cash flow to be at the upper end of the guidance range [1]. Financial Performance - The company announced its Q3 financial results on February 5, 2026, reaffirming its FY2026 performance guidance, with expected adjusted EBITDAaL between €11.3 billion and €11.6 billion and free cash flow between €2.4 billion and €2.6 billion, projected to be at the upper end of the range [2]. Capital Movements - Vodafone continues to implement a progressive dividend policy, planning to increase the dividend per share by 2.5% year-on-year in FY2026. Additionally, the company has initiated a €500 million share buyback program, following the completion of €3.5 billion in buybacks since May 2024 [3]. Strategic Progress - The business revitalization plan led by CEO Margherita Della Valle has been ongoing for over two years, focusing on core markets. The company has completed the divestiture of its operations in Italy and Spain and is continuing the merger integration with Three UK in the UK market, committing to invest approximately £11 billion over the next decade [4]. Business Status - Despite short-term impacts from timing changes in payments and other one-off factors, the company is gradually recovering wholesale business revenue through collaboration with 1&1 AG. The negative effects of previous regulatory changes in Germany (prohibiting bundling of TV packages with rent) have largely dissipated, although increased competition remains a concern [5].

加拿大竞争局于2024年12月对罗杰斯通信旗下"Infinite"无线套餐提起诉讼，指控其广告中"无限数据"描 述存在误导，因套餐实际存在数据使用上限。该诉讼进展可能对公司业务合规性及品牌声誉产生持续影 响。 机构观点 经济观察网罗杰斯通信最新财报显示，2025年第三季度营业收入为155.40亿加拿大元，净利润61.91亿加 拿大元；2025年第二季度总服务收入46.68亿美元，同比增长2%。公司已将2025年总服务收入增长指引 上调至3%—5%，并预计资本支出约38亿美元。 监管情况 截至2025年12月31日，机构对罗杰斯通信的目标股价均价为42.33美元。公司债务杠杆率已改善至3.6 倍，2025年第二季度后付费移动电话客户流失率降至1.00%，显示运营效率提升。 以上内容基于公开资料整理，不构成投资建议。 ...

电信行业整体面临政策与技术变革，如税率调整和数字化转型趋势，可能间接影响运营商估值，但加拿 大贝尔的具体事件需以公司官方公告为准。 以上内容基于公开资料整理，不构成投资建议。 经济观察网根据加拿大贝尔2025年第三季度业绩会议总结，管理层公布了三年战略计划，聚焦客户、网 络、企业AI解决方案和数字媒体四大重点。Ziply Fiber收购后首季度表现超预期，AI驱动解决方案收入 增长34%。未来值得关注的事件包括2025年第四季度财报及战略执行进展，尤其是光纤网络扩张和AI业 务发展。 行业政策与环境 ...

T-Mobile US (NasdaqGS:TMUS) Q4 2025 Earnings call February 11, 2026 08:30 AM ET Speaker12Welcome, everyone, and thank you for joining us live right here in New York City for our Year-End Earnings Call and Capital Markets Day Update event. Before we get started, I'll draw your attention to our Safe Harbor Statement. This presentation includes forward-looking statements that may differ materially from actual results as well as certain non-GAAP measures. Please see our SEC filings for a review of risk factors. ...

近几年，与陈奕清相关的公开报道并不算少，从中多多少少能窥见其办事风格。就在前几天，绍兴移动 召开大会，身为总经理的陈奕清作了题为《实干担当提质效 精益管理强执行 聚势向新推动公司高质量 可持续发展》的工作报告。 此外，陈奕清还公开提议，支持适度超前布局新型基础设施，"强化规划引领与刚性管控""加大资源供 给并构建共建共享模式"。陈奕清每一点建议都基于实际，其公开提议的底气有很大部分来自于公司现 有实力。 值得一提的是，在陈奕清之前，绍兴移动的总经理是胡志勇，现已转任浙江移动市场经营部总经理，身 居要职。 运营商财经网通信内容部主任郭彭琪表示，浙江移动是集团第三大省公司，整体发展规模非常大，其下 属的绍兴移动是重要的地市分公司。陈奕清被调来当总经理，可以看出上级部门对他的重视。 运营商财经网 赵鑫雨/文 近期，运营商财经网注意到，在过去的2025年里，浙江移动下属多个地市分公司总经理发生变动。其 中，原舟山移动总经理陈奕清被平调至绍兴移动任职。 目前网上公开的陈奕清的相关资料并不算多，不过他近几年一直在地市工作。据天眼查显示，陈奕清在 2023年年初出任舟山移动公司的总经理，在任时间近两年。 而后，大概在202 ...

Core Insights - BT, Britain's largest broadband operator, reported a 4% decline in quarterly revenue, aligning with forecasts, and confirmed it is on track to meet its annual targets [1] Company Performance - The 4% revenue drop reflects ongoing challenges in the broadband sector, but the company remains optimistic about achieving its financial goals for the year [1]

Summary of Conference Call Industry and Company Involved - The discussion primarily revolves around the telecommunications industry, specifically focusing on the impact of changes in value-added tax (VAT) rates for telecom operators and its implications for the internet and gaming sectors. Core Points and Arguments 1. **VAT Rate Increase**: The VAT rate for telecom operators has been raised from 6% to 9%, effective January 1, 2026. This change raises concerns about potential ripple effects on other industries, particularly the internet and gaming sectors [1][2][3]. 2. **Historical Context**: The expert explains that the tax rate for telecom services has varied historically, with basic services taxed at higher rates (11%) and value-added services at lower rates (6%). This differentiation has been a long-standing practice [3][4]. 3. **Tax Audits and Revenue Recognition**: The expert discusses the complexities of tax audits related to revenue recognition from various services, emphasizing the importance of accurately defining the revenue split between voice, data, and other services for tax purposes [4][5][6]. 4. **Impact of Broadband Services**: The introduction and growth of broadband services have shifted the revenue structure, leading to a decrease in the taxable base for traditional voice services. This has prompted tax authorities to reassess how these services are taxed [7][8][9]. 5. **Future Tax Implications**: The expert indicates that the tax authority is likely to enforce a more stringent approach to how telecom operators report their revenues, particularly as broadband and data services become more prevalent [10][11]. 6. **Industry Classification**: The classification of internet and gaming industries as either traditional or emerging sectors will significantly influence their tax treatment. The expert suggests that the government may view these sectors as essential infrastructure, which could lead to different tax obligations [12][13][14]. 7. **Investment in Technology**: The discussion highlights the importance of ongoing investment in technology and innovation within the internet and gaming sectors. Companies that demonstrate significant R&D and technological advancement may be viewed more favorably in terms of tax classification [20][21][22]. 8. **Differences Between State-Owned and Private Enterprises**: The expert notes that state-owned telecom companies have different obligations and expectations compared to private internet companies, particularly regarding tax contributions and service provision [22][24][25]. Other Important but Possibly Overlooked Content 1. **Public Infrastructure Role**: The expert emphasizes that telecom operators play a crucial role in providing public infrastructure and services, which justifies their tax obligations and the government's regulatory approach [24][26]. 2. **Market Competition**: The expert warns that despite the dominance of certain internet companies, competition remains fierce, and the landscape is subject to rapid changes, which could affect future tax policies [25][26]. 3. **Future of Telecom Services**: The conversation touches on the evolution of telecom services, including the shift towards more advanced services like quantum communication and AI-driven applications, which may influence future tax considerations [17][18][19]. This summary encapsulates the key discussions and insights from the conference call, providing a comprehensive overview of the implications of VAT changes in the telecommunications sector and its potential impact on related industries.

Group 1 - KPN has successfully issued a €500 million senior unsecured bond with a 3.500% coupon maturing on 12 May 2034, which increases the average maturity of its outstanding bonds [1][2] - The proceeds from the bond issuance will be used to refinance existing debt, including financing offers to repurchase part of KPN's outstanding GBP notes due in 2026 and 2029, as well as for general corporate purposes [2] - KPN holds a credit rating of BBB with a stable outlook from both S&P and Fitch, indicating a solid financial position [3] Group 2 - The bonds are issued under KPN's Global Medium Term Note programme and will be listed on the regulated market of Euronext Dublin, targeting a broad range of institutional investors [1][2] - BNP Paribas and Citigroup acted as Global Coordinators, while ABN AMRO, Goldman Sachs Bank Europe SE, SMBC, and Unicredit served as Active Bookrunners for the bond issuance [3]