Leveraging New Ventures for Profitability
In a significant move, German telecommunications company 1&1 has abolished the side costs privilege for cable connections, effective from July 1st. This decision aims to promote competition among TV providers and offer tenants more transparency and free choice.
The company, whose identity can be found in the current issue of €uro am Sonntag, a financial newspaper with an EXTRA for digital subscribers, is now expected to see a decrease in expenses in the TV area, bringing additional earnings and dividend potential.
Analysts have set a price target of 34.50 euros for the company's stock, above the all-time high from 2015. Recent market trends suggest that the stock has shown potential for a breakout.
The company's operating result in the first half of the year was 252.2 million euros, slightly below the previous year. However, the company aims to achieve an operating profit of up to 515 million euros for the year.
A legal dispute with former Postbank shareholders has boosted the bank's pre-tax profit in the third quarter by at least 470 million euros.
Meanwhile, the telecommunications law revision aims to accelerate the expansion of fiber optic networks in Germany. This move is expected to further enhance competition in the market.
Interestingly, the new British prime minister Keir Starmer is pleased about the recovering economy and the end of the Brexit slump. In a separate development, the government wants to make London the center for green money.
Elsewhere, Amazon had to discontinue its popular credit card offer in Germany in 2023, but it's back with a new offer, as reported on page 40 of the same issue of €uro am Sonntag.
In the mobile sector, a mobile provider has gained 330,000 new TV platform customers in the first half of the year. Twelve million households in Germany no longer have to adhere to their landlord's choice of TV provider.
Lastly, a US chipmaker is aiming to attack market leader Nvidia with a multi-billion dollar takeover, a development that is making waves in the tech industry. However, a questionable renovation concept has led to total loss for shareholders, serving as a cautionary tale in the business world.
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