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		<title>Consultant Value Added &#187; Search Results  &#187;  ebitda</title>
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		<title>China Unicom 2010 results &#8211; Revenue up 11%</title>
		<link>http://consultantvalueadded.com/2011/03/30/china-unicom-2010-results-revenue-up-11/</link>
		<comments>http://consultantvalueadded.com/2011/03/30/china-unicom-2010-results-revenue-up-11/#comments</comments>
		<pubDate>Wed, 30 Mar 2011 08:19:16 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[Company analysis]]></category>
		<category><![CDATA[Results]]></category>
		<category><![CDATA[annual results]]></category>
		<category><![CDATA[quarter results]]></category>
		<category><![CDATA[Telefonica]]></category>
		<category><![CDATA[Unicom]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=1601</guid>
		<description><![CDATA[China Unicom grew its 2010 revenue by 11.3 percent to CNY 171.30 billion from CNY 153.95 billion in 2009. China Unicom recorded EBITDA of CNY 59.59 billion, up 2.2 percent. However, due to network expansion and the initial stage of the 3G business operation, the company continued to face pressure on profit. Profit for the year [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&amp;blog=3987427&amp;post=1601&amp;subd=consultantvalueadded&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<item>
		<title>A look at 2010’s key trends for US Cable Operators in ‘11</title>
		<link>http://consultantvalueadded.com/2011/02/16/a-look-at-2010%e2%80%99s-key-trends-for-us-cable-operators-in-%e2%80%9811/</link>
		<comments>http://consultantvalueadded.com/2011/02/16/a-look-at-2010%e2%80%99s-key-trends-for-us-cable-operators-in-%e2%80%9811/#comments</comments>
		<pubDate>Wed, 16 Feb 2011 08:14:38 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[Broadband]]></category>
		<category><![CDATA[cable]]></category>
		<category><![CDATA[Consulting]]></category>
		<category><![CDATA[Fixed]]></category>
		<category><![CDATA[Industry]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[TV]]></category>
		<category><![CDATA[cutting the cord]]></category>
		<category><![CDATA[OTT]]></category>
		<category><![CDATA[Over the top]]></category>
		<category><![CDATA[telecom]]></category>
		<category><![CDATA[US]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=1567</guid>
		<description><![CDATA[US Cable operators face tremendous challenges and great opportunities over the next year. Analysts see a healthy pricing environment and falling capital intensity offset by increasing competition and a lack of the capital structure driven changes that drove performance in ‘10. Please find next the key trends that cable operators will face during 2011. 1. Public [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&amp;blog=3987427&amp;post=1567&amp;subd=consultantvalueadded&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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			<media:title type="html">cvaldecc</media:title>
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		<item>
		<title>KPN&#8217;s 4Q results FY 2010 &#8211; Improving profitability</title>
		<link>http://consultantvalueadded.com/2011/02/04/kpns-4q-results-fy-2010-improving-profitability/</link>
		<comments>http://consultantvalueadded.com/2011/02/04/kpns-4q-results-fy-2010-improving-profitability/#comments</comments>
		<pubDate>Fri, 04 Feb 2011 08:51:04 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[Consulting]]></category>
		<category><![CDATA[Results]]></category>
		<category><![CDATA[annual results]]></category>
		<category><![CDATA[KPN]]></category>
		<category><![CDATA[quarter results]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=1542</guid>
		<description><![CDATA[KPN presented their results for the fourth quarter and full year 2010 on Wednesday 26 January. Main highlights: ‘Back to Growth’ strategy 2008-2010 delivered good results, despite economic headwinds and regulation. Continued increase in profitability at Dutch Telco. Higher service revenue growth in Germany at strong margin. 2010 dividend per share of EUR 0.80, EUR [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&amp;blog=3987427&amp;post=1542&amp;subd=consultantvalueadded&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">cvaldecc</media:title>
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		<title>Vodafone group&#8217;s strong results in Q3 2010</title>
		<link>http://consultantvalueadded.com/2011/02/03/vodafone-groups-strong-results-in-q3-2010/</link>
		<comments>http://consultantvalueadded.com/2011/02/03/vodafone-groups-strong-results-in-q3-2010/#comments</comments>
		<pubDate>Thu, 03 Feb 2011 12:19:21 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[Results]]></category>
		<category><![CDATA[quarter results]]></category>
		<category><![CDATA[Vodafone]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=1550</guid>
		<description><![CDATA[Vodafone has just released their 2010 4th quarter results. As a summary, fifth successive quarter of service revenue growth improvement, with strong results from India, Turkey, the UK and Vodacom. In addition, Verizon Wireless continues to show strong momentum. Overall performance has been driven by the effective execution of data services strategy across operations whilst delivering growth, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&amp;blog=3987427&amp;post=1550&amp;subd=consultantvalueadded&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">cvaldecc</media:title>
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		<item>
		<title>Telefonica 3Q2010 results: LatAm strong, Spain a bit weaker</title>
		<link>http://consultantvalueadded.com/2010/11/11/telefonica-3q2010-results-latam-strong-spain-a-bit-weaker/</link>
		<comments>http://consultantvalueadded.com/2010/11/11/telefonica-3q2010-results-latam-strong-spain-a-bit-weaker/#comments</comments>
		<pubDate>Thu, 11 Nov 2010 17:11:02 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[Company analysis]]></category>
		<category><![CDATA[Results]]></category>
		<category><![CDATA[Latin America]]></category>
		<category><![CDATA[Movistar]]></category>
		<category><![CDATA[spain]]></category>
		<category><![CDATA[Telefonica]]></category>
		<category><![CDATA[vivo]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=1508</guid>
		<description><![CDATA[TEF has reported 3Q10 results roughly in line, with Adj. EBITDA +2.8% (vs +3.2%e). Adj. Net Income below estimates (-10.7% vs. +10.6%e) due to higher taxes. On the positive front, LatAm keeps on delivering impressive growth, whilst on the negative front adjusted numbers for Spain come in slightly weaker. TEF has reported 3Q numbers roughly [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&amp;blog=3987427&amp;post=1508&amp;subd=consultantvalueadded&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">cvaldecc</media:title>
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		<title>MTN-Orascom: What exactly is for sale?</title>
		<link>http://consultantvalueadded.com/2010/04/28/mtn-orascom-what-exactly-is-for-sale/</link>
		<comments>http://consultantvalueadded.com/2010/04/28/mtn-orascom-what-exactly-is-for-sale/#comments</comments>
		<pubDate>Tue, 27 Apr 2010 23:00:11 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[Consulting]]></category>
		<category><![CDATA[Due Diligence]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[MTN]]></category>
		<category><![CDATA[Orascom]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=1281</guid>
		<description><![CDATA[Wirelessfederation is detailing today what the MTN-Orascom deal means in terms of markets involved in the deal and business contribution per market. If you found our previous post related to Orascom&#8217;s internacionalization strategy interesting, you&#8217;ll appreciate this update. A lot of activity and news has been generated around the MTN-Orascom deal which is said to [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&amp;blog=3987427&amp;post=1281&amp;subd=consultantvalueadded&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">cvaldecc</media:title>
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		<item>
		<title>Telefonica&#8217;s 2009 results &#8211; Financial review and forecast 2010</title>
		<link>http://consultantvalueadded.com/2010/03/03/1230/</link>
		<comments>http://consultantvalueadded.com/2010/03/03/1230/#comments</comments>
		<pubDate>Wed, 03 Mar 2010 11:37:05 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[Company analysis]]></category>
		<category><![CDATA[telecom]]></category>
		<category><![CDATA[annual results]]></category>
		<category><![CDATA[quarter results]]></category>
		<category><![CDATA[Telefonica]]></category>
		<category><![CDATA[TeleSP]]></category>
		<category><![CDATA[vivo]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=1230</guid>
		<description><![CDATA[Telfónica has recently published 2009 results. I found interesting the BBVA&#8217;s TMT team review on these results and its impact in the share value. Please find it next. Enjoy. (Disclosure: No positions in any referred company). Telefonica&#8217;s results overview. Overall, we highlight (following Q409 results presentation) encouraging 2010 operating guidance (EBITDA 10: +1%/+3%). We believe [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&amp;blog=3987427&amp;post=1230&amp;subd=consultantvalueadded&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>1</slash:comments>
	
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			<media:title type="html">cvaldecc</media:title>
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		<item>
		<title>Portugal Telecom revenues drop 2.3%, net profit down</title>
		<link>http://consultantvalueadded.com/2009/11/20/portugal-telecom-revenues-drop-2-3-net-profit-down/</link>
		<comments>http://consultantvalueadded.com/2009/11/20/portugal-telecom-revenues-drop-2-3-net-profit-down/#comments</comments>
		<pubDate>Fri, 20 Nov 2009 06:00:51 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[Consulting]]></category>
		<category><![CDATA[Portugal telecom]]></category>
		<category><![CDATA[PT]]></category>
		<category><![CDATA[quarter results]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=1131</guid>
		<description><![CDATA[Once during this year, I was really impressed by one of the PT executives who just before starting a meeting told me: crack, if you are coming to the meeting to show me off charts populated with the data we publish in our site, you can directly go by that door. I was not even [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&amp;blog=3987427&amp;post=1131&amp;subd=consultantvalueadded&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://consultantvalueadded.com/2009/11/20/portugal-telecom-revenues-drop-2-3-net-profit-down/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">cvaldecc</media:title>
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		<title>ONO revenues fall 6.2% to EUR 371 mln in Q3</title>
		<link>http://consultantvalueadded.com/2009/11/19/ono-revenues-fall-6-2-to-eur-371-mln-in-q3/</link>
		<comments>http://consultantvalueadded.com/2009/11/19/ono-revenues-fall-6-2-to-eur-371-mln-in-q3/#comments</comments>
		<pubDate>Thu, 19 Nov 2009 17:51:05 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[telecom]]></category>
		<category><![CDATA[ono]]></category>
		<category><![CDATA[quarter results]]></category>
		<category><![CDATA[spain]]></category>
		<category><![CDATA[triple play]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=1124</guid>
		<description><![CDATA[Reading today ONO&#8217;s performance indicators of the last quarter, I wanted to share some of this info in this post. The Spanish cable operator reported third-quarter revenues of EUR 371 million, down 6.2 percent from EUR 396 million in the year-ago quarter. The decline was mainly as a consequence of the reduction in telephony and [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&amp;blog=3987427&amp;post=1124&amp;subd=consultantvalueadded&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">cvaldecc</media:title>
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		<media:content url="http://www.ono.es/img/sobreono/investors/debt.gif" medium="image">
			<media:title type="html">ONO&#039;s Debt</media:title>
		</media:content>
	</item>
		<item>
		<title>Latecomers to mobile phone markets struggle.</title>
		<link>http://consultantvalueadded.com/2009/10/21/latecomers-to-mobile-phone-markets-struggle/</link>
		<comments>http://consultantvalueadded.com/2009/10/21/latecomers-to-mobile-phone-markets-struggle/#comments</comments>
		<pubDate>Wed, 21 Oct 2009 14:23:06 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[Benchmarks]]></category>
		<category><![CDATA[Consulting]]></category>
		<category><![CDATA[3]]></category>
		<category><![CDATA[Ebitda benchmark]]></category>
		<category><![CDATA[P4/Play]]></category>
		<category><![CDATA[Yoigo]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=1083</guid>
		<description><![CDATA[There was an interesting article yesterday that took my attention in my headlines telecom RSS sources. Reuters, published a short benchmark of three mobile operators that tried to break their respective markets whilst being the last player to penetrate it. It’s amazing to see how 2010 is expected to be the year of return to [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&amp;blog=3987427&amp;post=1083&amp;subd=consultantvalueadded&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">cvaldecc</media:title>
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		<item>
		<title>Millicom should benefit from international bidding war</title>
		<link>http://consultantvalueadded.com/2009/09/24/millicom-should-benefit-from-international-bidding-war/</link>
		<comments>http://consultantvalueadded.com/2009/09/24/millicom-should-benefit-from-international-bidding-war/#comments</comments>
		<pubDate>Thu, 24 Sep 2009 09:26:01 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[Consulting]]></category>
		<category><![CDATA[Emerging markets]]></category>
		<category><![CDATA[Market research]]></category>
		<category><![CDATA[Bharti]]></category>
		<category><![CDATA[etisalat]]></category>
		<category><![CDATA[Meditel]]></category>
		<category><![CDATA[Millicom]]></category>
		<category><![CDATA[MTN]]></category>
		<category><![CDATA[Tigo]]></category>
		<category><![CDATA[Zain]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=1024</guid>
		<description><![CDATA[Interesting article coming from SeekingAlpha, an american publication where we are active contributors. As I&#8217;ve recently seen different asian readers in the blog, I thought the article might be interesting for those, like us, that look at the emerging markets in East Asia. Enjoy the reading, CVA Millicom Should Benefit from International Bidding War. Millicom [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&amp;blog=3987427&amp;post=1024&amp;subd=consultantvalueadded&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://consultantvalueadded.com/2009/09/24/millicom-should-benefit-from-international-bidding-war/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
	
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			<media:title type="html">cvaldecc</media:title>
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		<title>Can a Telecom operator become GREEN?</title>
		<link>http://consultantvalueadded.com/2009/09/06/can-a-telecom-operator-become-green/</link>
		<comments>http://consultantvalueadded.com/2009/09/06/can-a-telecom-operator-become-green/#comments</comments>
		<pubDate>Sun, 06 Sep 2009 09:35:58 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[Carbon strategy]]></category>
		<category><![CDATA[carbon emissions]]></category>
		<category><![CDATA[carbon reduction]]></category>
		<category><![CDATA[green]]></category>
		<category><![CDATA[off set]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=977</guid>
		<description><![CDATA[Energy consumption is one of the leading drivers of operating expenses for both fixed and mobile network operators. Reliable access to electricity is limited in many developing countries that are currently the high-growth markets for telecommunications. At the same time, many operators have adopted corporate social responsibility initiatives with a goal of reducing their networks&#8217; [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&amp;blog=3987427&amp;post=977&amp;subd=consultantvalueadded&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>2</slash:comments>
	
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		<title>Vivo’s Q2′09 strong results: our opinion</title>
		<link>http://consultantvalueadded.com/2009/07/30/vivo%e2%80%99s-q2%e2%80%b209-strong-results-our-opinion/</link>
		<comments>http://consultantvalueadded.com/2009/07/30/vivo%e2%80%99s-q2%e2%80%b209-strong-results-our-opinion/#comments</comments>
		<pubDate>Thu, 30 Jul 2009 09:00:48 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[Results]]></category>
		<category><![CDATA[brasil]]></category>
		<category><![CDATA[quarter results]]></category>
		<category><![CDATA[vivo]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=948</guid>
		<description><![CDATA[As made before in our previous post related to VIVO Participacoes S.A. (vivo) (4% of TEF 09e EBITDA, and 37% of PT´s), please find next our evaluation on the latest released Q2 09 figures. There has been a strong performance increase (above analyst&#8217;s estimates) due to aggressive opex cuts. Top line disappoints with Revenues Q2 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&amp;blog=3987427&amp;post=948&amp;subd=consultantvalueadded&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">cvaldecc</media:title>
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		<title>Maximizing the value of the handset base &#8211; Case study</title>
		<link>http://consultantvalueadded.com/2009/07/16/which-is-the-total-value-of-an-operator-handset-base/</link>
		<comments>http://consultantvalueadded.com/2009/07/16/which-is-the-total-value-of-an-operator-handset-base/#comments</comments>
		<pubDate>Thu, 16 Jul 2009 12:17:11 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[cost reduction]]></category>
		<category><![CDATA[ebitda improvement]]></category>
		<category><![CDATA[Segmentation]]></category>
		<category><![CDATA[Subsidy]]></category>
		<category><![CDATA[handset lifetime value]]></category>
		<category><![CDATA[handset strategy]]></category>
		<category><![CDATA[HLTV]]></category>
		<category><![CDATA[NPV]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=916</guid>
		<description><![CDATA[Following the previous posts related to handset replacement, handset subsidy and SAC, I wanted to share one of our recent and more successful initiatives related to handset strategies in mobile operators with a significant handset base. The problem: Our client was spending a huge amount of money on a year basis on handsets, managing replacement [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&amp;blog=3987427&amp;post=916&amp;subd=consultantvalueadded&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>4</slash:comments>
	
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			<media:title type="html">cvaldecc</media:title>
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		<title>How to succeed in a Network O&amp;M deal to reduce costs?</title>
		<link>http://consultantvalueadded.com/2009/07/06/how-to-succeed-in-a-network-om-deal-to-reduce-costs/</link>
		<comments>http://consultantvalueadded.com/2009/07/06/how-to-succeed-in-a-network-om-deal-to-reduce-costs/#comments</comments>
		<pubDate>Mon, 06 Jul 2009 09:56:52 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[cost reduction]]></category>
		<category><![CDATA[ebitda improvement]]></category>
		<category><![CDATA[network]]></category>
		<category><![CDATA[telecom]]></category>
		<category><![CDATA[central europe]]></category>
		<category><![CDATA[Network-sharing]]></category>
		<category><![CDATA[O&M]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=905</guid>
		<description><![CDATA[Following my previous post related to how to improve EBITDA through a cost reduction program, I would like to share our thoughts on what’s maybe one of the sub-topic where most of the cost reduction measures come from: Network operation and maintenance. Due to prevailing IP networking trend and urgent demand and growth in mobile [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&amp;blog=3987427&amp;post=905&amp;subd=consultantvalueadded&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>1</slash:comments>
	
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			<media:title type="html">cvaldecc</media:title>
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