Financial resultsRSS

Vimpelcom Q1 profit down by 90 per cent

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Amsterdam-headquartered operator Vimpelcom, which has operations in Russia, the CIS as well as Algeria, Bangladesh, Italy and Pakistan, has reported a 90 per cent year-on-year dive in net profit for the first quarter of 2014. Revenue was down ten per cent to $5.02bn, while profit for the quarter sat at $39m, down from $408m for the first quarter of 2013.

Telenor hails encouraging quarterly performance

Telenor has seen its revenue in 1Q14 grow 7.2 per cent year on year to reach NOK26.5bn ($4.48bn), up from NOK24.7bn in 1Q13

Norwegian operator group Telenor has seen its revenue in 1Q14 grow 7.2 per cent year on year to reach NOK26.5bn ($4.48bn), up from NOK24.7bn in 1Q13. The group’s adjusted operating profit also grew 11.9 per cent year on year from NOK4.99bn in 1Q13 to NOK5.58bn in 1Q14.

T-Mobile USA reports subscriber growth as Sprint takeover rumours gather momentum

Mobile USA has claimed to have taken “virtually all of the industry phone growth” in 1Q14, taking market share from the competition

US operator T-Mobile has claimed to have taken “virtually all of the industry phone growth” in 1Q14 winning market share from its competitors in the process, reporting total net subscriber additions of 2.4 million. However, the operator recorded a $154m loss in the quarter, compared to a $106m profit in the first quarter of 2013.

KPN reports 98% drop in net income

KPN has reported a 98% YoY drop in profit for 1Q14

European operator group KPN reported a whopping 98 per cent year on year drop in net income for the quarter to the end of March. The operator blamed intense competition in its mobile markets leading to decline in ARPU and competitive pressure in the business environment for the steep decline in profitability.

EE sees quarterly revenue drop but strong 4G subs growth

VEE has posted a year on year drop in revenue for the first quarter of 2014

UK operator EE has posted a year on year drop in revenue for the first quarter of 2014 but said that it saw the highest number of new 4G subscribers during the quarter. The firm’s revenue for the quarter fell 3.6 per cent year on year to reach £1.55bn; the operator did not divulge the size of its quarterly profit or loss.

Verizon posts 15% increase in operating profit

Verizon Wireless has posted a 4.8 year on year increase in revenue for 1Q14, as well as a 15.1 per cent increase in operating income

US operator Verizon Wireless has posted a 4.8 year on year increase in revenue for 1Q14, as well as a 15.1 per cent increase in operating income.

Apple impresses with quarterly performance

Apple has continued with its impressive financial performance, generating revenue of $45.6bn for the second quarter of 2014, as well as net profit of $10.2bn

Device manufacturer Apple continued with an impressive financial performance for the quarter to end-March, generating revenue of $45.6bn for the period, as well as net profit of $10.2bn.

TeliaSonera reports drop in revenue and profit

TeliaSonera has seen net sales and operating income decline in the first quarter of 2014

European operator group TeliaSonera has seen net sales and operating income decline in the first quarter of 2014.

China Mobile sees profit drop in “increasingly fierce” environment

China Mobile has reported an increase in operating revenue in 1Q14, however profit suffered as the firm struggled with cost control measures in an increasingly competitive environment

Chinese operator China Mobile has reported an increase in operating revenue in 1Q14, although profit suffered as the firm struggled with cost control measures in an “increasingly fierce” environment.

Ericsson sees net income rise 41% YoY despite sales drop

Ericsson has announced a 41 per cent year on year increase in net income for the first quarter of 2014

Despite seeing a year on year decline in net sales, Swedish vendor Ericsson has announced a 41 per cent year on year increase in net income for the first quarter of 2014. Net income for the firm stood at SEK1.7bn for 1Q14, compared with SEK1.2bn in 1Q13, while net sales dropped from SEK52bn in 1Q13 to SEK47.5bn in 1Q14.

AT&T reports revenue and profit growth after transformation

AT&T has reported a 3.6 per cent growth in consolidated revenues in 1Q14, claiming it is the strongest revenue growth the firm has seen in more than two years

US operator AT&T has reported a 3.6 per cent growth in consolidated revenues in 1Q14, claiming it is the strongest revenue growth the firm has seen in more than two years. The firm also increased its quarterly operating income year on year.

Rogers Communications sees profit decline

Rogers Communications has seen its profit fall year on year in the first quarter of 2014

Canadian operator Rogers Communications has seen its profit fall year on year in the first quarter of 2014. While operating revenues remained stable; C$3.02bn (US$2.74bn) in 1Q14 compared with $3.03bn in the year ago quarter, adjusted net income for the quarter fell by 18 per cent to reach C$340m down from C$414m.

Huawei sees profit and revenue growth in 2013

Huawei has posted an 11.6 per cent year on year growth in revenue for 2013. Net profit also grew to $3.47bn, a 34 per cent year on year increase.

Chinese infrastructure vendor Huawei said net profit for 2013 grew to $3.47bn, a 34 per cent year on year increase on the $2.58bn generated in 2012. The company also posted an 11.6 per cent year on year growth in revenue for 2013 to generate $39.5bn (CNY239.0bn) compared with $36.36bn in 2012.

ZTE returns to profit in 2013

ZTE has announced an RMB1.36bn (US$219m) net profit attributable to shareholders in 2013

Network infrastructure provider ZTE has announced an RMB1.36bn (US$219m) net profit attributable to shareholders in 2013, an improvement on the RMB2.84bn loss generated in 2012. The Chinese firm said the turnaround was due to its sharpened focus on 4G technology and cost saving initiatives.

T-Hrvatski Telekom appoints CTIO

Thorsten Albers has been appointed CTIO at T-Hrvatski Telekom

Croatian operator T-Hrvatski Telekom, which is majority owned by Deutsche Telekom, has appointed Thorsten Albers as chief technical and information officer (CTIO). Albers has also been appointed as a Management Board Member at the operator.

WeDo sees revenue and EBITDA growth in 2013

WeDo Technologies has said hailed its “best year to date” in FY2013, generating revenue of €61.5m, a 12 per cent year on year increase on the €55.1m the firm generated in 2012

Business assurance software provider WeDo Technologies hailed its “best year to date” for FY2013, generating revenue of €61.5m, a 12 per cent year on year increase on the €55.1m the previous year.

NAO claims UK missed out on £160m in 4G spectrum auction

Will LTE deliver?

The UK National Audit Office (NAO) has claimed that the country missed out on an extra £160m in revenue by reserving spectrum during the 4G spectrum auction in February last year.

TeliaSonera rues difficult 2013

Johan Dennelind, CEO at TeliaSonera

European operator group TeliaSonera has posted a year on year decline in net revenue and net income for the full year 2013. Net sales for the year fell three per cent from SEK104.90bn in 2012 to SEK101.7bn in 2013. Net income dropped 20.8 per cent year on year, from SEK21.168bn in 2012 to SEK16.77bn in 2013. The firm cited the uncertain macroeconomic climate in many of the markets it operates in, regulatory effects and rapidly changing customer behaviour among the challenges it faced over the course of the year.

VimpelCom posts 2013 loss

VimpelCom has posted a $1.4bn net loss as well as a two per cent decline in revenue for the full year 2013

European operator group VimpelCom has posted a $1.4bn net loss as well as a two per cent decline in revenue for the full year 2013. The operator blamed the impact of regulation, market slowdown and non-cash impairments related to operations in Ukraine and Canada for the poor performance.

Orange doubles net income as cost cutting takes effect

Orange has seen its consolidated net income after tax almost double year on year for the full year 2013

Operator group Orange has seen its consolidated net income after tax almost double year on year for the full year 2013. The group posted a figure of €2.13bn for net income after tax for FY2013, a 93.2 per cent improvement on the €1.10bn figure it posted for FY2012, but still well short of the €3.83bn it generated in 2011. The boost was largely due to fewer goodwill impairment charges in the year and extreme cost cutting measures.

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