UK operator EE has posted a drop in revenue for 2012, despite being the only operator in the country to offer LTE services. The company formerly known as Everything Everywhere; created as a result of the merger of T-Mobile and Orange in the UK, saw full-year service revenue fall 2.6 per cent year on year to £5.95bn.
Spain’s Telefónica said late Friday that the Venezuelan Government’s recent decision to devalue its currency will result in a charge of €438m against its full year earnings for 2012. Earlier this month the South American nation reset the exchange rate from 4.3 bolivars to the dollar to 6.3 bolivars.
Mexican operator group América Móvil has seen its net profit for 4Q12 drop by 8.2 per cent to 15bn pesos ($1.2bn), while revenue for the quarter fell 1.1 per cent to 198bn pesos. The firm blamed the account of the depreciation of various currencies versus the peso.
Operator group Vodafone has announced a two per cent year on year drop in revenue for the final quarter of 2012. The group generated £11.39bn over the quarter, with the improvement in its operations in Northern Europe, where the firm generated 5.9 per cent more revenue than in 4Q11, being more than offset by a 17 per cent reduction in revenue from Southern Europe.
The chief executive of Swedish carrier TeliaSonera, Lars Nyberg, stepped down on Friday in the wake of a scandal over allegations of corruption involving operations in Uzbekistan.
Despite posting another quarter of sustained growth in sales, Apple’s profit remained flat in the first quarter of 2013 highlighting competitive pressure and concerns over innovation.
Total global telecom operator revenue has exceeded $2tn in 2012 according to analysis published by Ovum. 60 per cent of that figure was generated by mobile operators and, although overall growth is expected to be minimal over the next five years, Ovum believes some segments will still have above-average growth over the period.
Lars Nyberg, the president and CEO at Swedish operator group TeliaSonera, has announced that he will be investing $2m of his own money in the initial public offering of shares in Russian operator MegaFon. Nyberg, who is a member of the board of directors of MegaFon, will purchase the shares at the offer price.
Revenues from Europe’s telecoms sector have declined for the third year in a row, according to the trade association for the region’s operators ETNO. According to the third ETNO Annual Economic Report total revenue in Europe’s telecoms sector amounted to €274.7bn in 2011, a decrease by 1.5 per cent compared to 2010.
International operator Vimpelcom Ltd, the flagship operation of which is Russia’s third largest mobile operator, has reported a year on year increase of 185% for its Q3 profit. Despite group revenues for the quarter dropping 6 per cent year on year to $5.75bn, Vimpelcom’s profits leapt to $538m.
Despite seeing flat revenues year on year, German operator group Deutsche Telekom posted a net loss of €6.9bn ($8.8bn) in 3Q12. The loss was attributable to charges incurred by T-Mobile USA.
Spanish operator group Telefónica has seen its revenue from Latin America overtake the revenue generated in Europe for the first time in its history. In its earnings announcement for the first three quarters of the year, the group said that sales in Latin America grew 5.9 per cent and now represent 49 per cent of the company’s total turnover.
The industry’s big hitters have finished their doing their sums and counting their cash for another quarter and revealed just how they have performed over the quarter gone by. Apple, as per usual, posted a strong growth in profit, and was joined by America Movil, which did the same. Ericsson and NTT DoCoMo, had bad news to report.
Smartphone touch screen manufacturer and optical fibre specialist Corning, which counts Apple among its biggest customers, has warned that it could reduce its headcount, blaming the weak economy for it performing short of expectations.
Norwegian operator group Telenor has seen a three per cent increase in organic revenue, during 3Q12. Revenue stood at NOK25.25bn ($4,39bn), up from NOK24,63bn in the same period a year earlier. Adjusted operating profit also grew year on year, from NOK5.36bn to NOK4.49bn.
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