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.
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.
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.
Social networking site Facebook has posted a $59m net loss for 3Q12, which it has attributed to high taxation. The loss was made despite revenue increasing by 32 per cent year on year from $954m to $1.26bn, as the firm stepped up its efforts in mobile advertising.
Dutch operator group KPN has seen its quarterly net profit fall by 32 per cent year on year, and has blamed increased competition in the German market as a key factor for its poor performance. The operator recorded net profit of €250m for 3Q12, compared with the €368m it made in 3Q11. This was despite revenue falling by a comparatively modest 6.5 per cent year on year, from €3,256m to €3,044m.
Struggling handset maker Nokia has posted its fifth consecutive quarterly loss. The firm recorded an operating loss of €576m for the quarter ending September 30, 2012. The loss dwarfs the €71m loss the firm posted in the same period in 2011. Net sales also dropped 19 per cent year-on-year from €8.98bn to €7.24bn
The world’s largest mobile operator, China Mobile, has reported first half net profit of $9.76bn on operating revenues of $41.86bn. But in a statement the firm said that competition in the Chinese market – from peers as well as internet players – is intensifying. The growth potential in “traditional telecoms services” is shrinking in China, it said.
Dutch incumbent KPN has called off the sale of its Belgian subsidiary Base after failing to receive a high enough offer. The firm said Wednesday morning that the sale was discontinued because “current difficult market conditions are reflected in unsatisfactory non-binding offers for Base.” KPN announced plans to sell the operation in June. It is also looking to divest German operation E-Plus.
July 27th, 2012 – a date that will live gilded in our memories forever. The eyes of the world are on London, a historic city bristling with pride at being chosen to host this momentous event. It is the culmination of years’ of hard work, dedication and belief. The crowds have gathered in celebration and the flags are flying high. Let the ceremony begin because, Ladies and Gentlemen, this is the 500th edition of A Week in Wireless.
The industry’s big names are continuing to post their quarterly earnings this week, and American operators Sprint and America Movil, as well as Middle Eastern operator group Etisalat, shared somewhat encouraging results. Meanwhile, Samsung recorded its best ever profit for a quarter but Facebook had bad news in its first ever earnings statement.
Apple once again posted huge financials, with the iPhone and iPad maker hitting quarterly revenue of $35bn and quarterly net profit of $8.8bn for the quarter ended June 30, an increase on the $28.6bn revenue and $7.3bn profit that it recorded in the same period last year.
Dutch operator group KPN has announced that its net profit for the first half of 2012 has fallen by a staggering 40 per cent. The figure stood at €603m ($729m), compared to the €1.01bn the firm recorded in 1H11. Revenue from the half dropped by 2.2 per cent to €6.38bn compared with the €6.52bn the firm generated in the same quarter a year earlier.
It’s quarterly results time again, with Vodafone, Verizon, Microsoft and Google reporting varying degrees of success for the quarter ended June 30.
Operator group Vodafone reported almost flat revenues for the quarter, climbing by just one per cent, to reach £10.8bn ($17bn).