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Sector movers: BT and Dixons Carphone drag telecoms lower

Fri, 08th Aug 2014 16:37

Telecoms stocks were among the worst performers in London on Friday with BT Group and newly-merged Dixons Carphone trading in the red.BT was 1.5% lower on reports that the company will have to wait until next month before a court will give its verdict on its long-running battle with BSkyB over wholesale access to the Sky Sports channels.BT has taken its rival to court in an attempt to provide Sky Sports channels for its YouView TV service, saying that BSkyB is abusing its market power. The delays - with the Competition Appeal Tribunal now in recess - mean that BT won't receive a decision until at least September.Meanwhile, Dixons Carphone was nearly 5% down as the stock continued to fall on its second day of trading in London. The £3.6bn tie-up of Dixons Retail and Carphone Warehouse aims to have a "leading position across electricals, mobiles and connectivity".Speaking on Thursday, chief executive Sebastien James said the new company was "off to a flying start" with the opening of its five seven combined shops.Other telecom stocks were also unwanted on Friday, including Cable & Wireless Communications, Avanti Communications, Vodafone and Monitise.Top performing sectors so far todayTechnology Hardware & Equipment 1,057.69 +2.34%Industrial Transportation 2,725.69 +1.85%Food & Drug Retailers 3,287.45 +1.42%Industrial Metals & Mining 1,206.53 +1.10%Automobiles & Parts 8,073.34 +0.88%Bottom performing sectors so far todayMobile Telecommunications 4,354.68 -1.48%Beverages 13,276.31 -1.32%Household Goods & Home Construction 11,331.85 -1.07%Fixed Line Telecommunications 4,302.98 -1.01%Food Producers & Processors 7,386.92 -0.96%BC
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UPDATE 1-Avanti to provide satellite broadband to remote areas of Britain

(Adds background, Avanti shares) LONDON, Dec 7 (Reuters) - Satellite group Avanti Communications won a contract with BT to help supply broadband services to British homes that have slow connections on terrestrial networks. The company said on Monday that up to 300,000 homes that could

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Avanti Communications Inks Universal Service Commitment Deal With BT

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Avanti to provide satellite broadband to remote areas of Britain

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20 Nov 2015 16:16

AGM, EGM Calendar - Week Ahead

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Avanti Communications Expects Strong Growth To Continue

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Avanti Communications wins broadband contract with Telkom SA

(ShareCast News) - Avanti Communications has won a contract with Telkom SA to provide national high-speed broadband coverage across South Africa. The provider of satellite data communications services said the service will be supplied using Avanti's HYLAS 2 Ka-band satellite, which has 100% coverage

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Avanti Communications Wins South African Broadband Contract

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16 Sep 2015 15:27

Avanti Communications' full-year loss narrows as revenue grows

(ShareCast News) - Avanti Communications posted a slightly narrower pre-tax loss for the year ending 30 June as revenue grew. The company, which provides satellite data communications services, reported a loss of $73.3m, narrower than the $87.7m loss last year, as revenue rose 30% year-on-year to $8

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16 Sep 2015 08:21

Avanti Communications Annual Loss Narrows On Revenue Boost

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