Financial resultsRSS

Verizon up, TeliaSonera, America Movil down

USA’s Verizon, Sweden’s TeliaSonera and Mexico’s América Móvil have each posted their quarterly financial results

This week US operator Verizon reported a net profit of $1.95bn for the first quarter of 2013, a 16 per cent year on year increase compared with the $1.69bn generated in 1Q12. The firm’s first-quarter revenues hit $29.4bn, marking a 4.2 per cent increase on 1Q12.

Ericsson holds steady despite loss on rollouts

"We want direct relationships..." Jan Frykhammar, CFO, Ericsson

Ericsson’s first quarter profits fell year on year to SEK1.2bn (€139m) from SEK8.8bn for the same period in 2012, largely due to the boost given to 1Q12 numbers by the firm’s exit from the Sony Ericsson device JV. While the vendor recorded a two per cent uptick in sales to SEK52bn it was hit by currency fluctuations and a disappointing performance from its network rollout business.

Apple posts first profit dip in a decade, analysts expect comeback

Apple has posted its first quarterly drop in profit in ten years

Device giant Apple has posted its first quarterly drop in profit in ten years, with $9.5bn 2Q13 (January to March) net profit marking a more than 18 per cent decline on the $11.6bn generated in 2Q12. Quarterly revenue grew year on year however, to $43.6bn from $39.2bn a year ago. Gross margin was 37.5 per cent compared to 47.4 per cent in 2Q12.

Nokia loss an improvement but future still uncertain

Nokia's Lumia 920

Finnish handset manufacturer Nokia has posted a €150m operating loss for 1Q13. Viewed in context this should be encouraging; the loss is a fraction of the €1.338bn the firm lost in the same quarter in 2012.

However, net sales for the same period dropped 20 per cent year on year to €5.85bn from €7.35bn in 1Q12.

Huawei posts strong growth in 2012

Huawei has seen its net profit increase by almost a quarter year on year to reach CNY15.38bn ($2.47bn)

Chinese infrastructure vendor Huawei has posted its financial results for 2012, in which it saw its net profit increase by almost a quarter year on year to reach CNY15.38bn ($2.47bn). Revenue for the year stood at CNY220bn, up from the CNY203.9bn recorded in 2011.

China Unicom grows data usage with low-cost devices

Unicom said that it improved smartphone quality to price ratio in 2012

Chinese operator China Unicom has announced a 92 per cent year on year increase in mobile data usage, attributing the growth in part to the availability of low-cost smarpthones. In an earnings release posted late last week, Unicom referenced an improvement in its smartphone “quality to price ratio”.

France’s Iliad sees 2012 profit decline due to network investment

Iliad has seen its full-year profit decline by more than a quarter in 2012

French operator Iliad has seen its full-year profit decline by more than a quarter in 2012. The firm posted profit of €186.5m, down from €251.8m in 2011, despite revenues increasing almost 50 per cent.

Vimpelcom posts rise in profit for 2012

Russian firm Vimpelcom saw its revenue grow four per cent year on year to reach $23.1bn while net income was $2.1bn; a four-fold increase on the 2011 figure

International operator group Vimpelcom, which is headquartered in Amsterdam, has posted stable earnings results for 2012. In the final quarter of the year, the group’s revenue rose three per cent year on year to reach $6bn, while net income stood at $801m. The firm posted a net loss of $381m in the same quarter of 2011.

Ooredoo announces Q4 rise in profit

Dr Nasser Marafih, CEO of Qatar-based Qtel

Qatar based Ooredoo, the operator formerly known as QTel, has announced its fourth quarter revenues rose by 6.2 per cent to reach QAR8.71bn ($2.4bn). Net profit also increased by 14.6 per cent to QAR523m.

Telefonica full-year profits hit by write-offs

Telefonica was forced to write down the value of subsidiaries in Italy, Ireland and Venezuela earlier in the year

Spanish operator group Telefonica has revealed that its profit for 2012 has been hit hard as it was forced to write down the value of subsidiaries in Italy, Ireland and Venezuela earlier in the year. As a result, the firm’s full-year net profit fell by 27.3 per cent to €3.92bn.

France Telecom profit hit by impairment charge

France Telecom's profit was substantially impacted by an impairment charge of €1.841bn in 2012

French operator group France Telecom has seen its net income slide by 79 per cent year-on-year to €820m for the full year 2012. The firm’s profit was substantially impacted by an impairment charge of €1.841bn in 2012 on units in Poland, Egypt and Romania.

EE not capitalising on LTE monopoly

If customer uptake was far ahead of expectation, then we would hear about it, says Ovum's Hartley

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.

Telefónica takes €438m hit on Venezuelan currency devaluation

Telefónica has readjusted the value of its Venezuelan assets downwards by €1bn

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.

América Móvil reports disappointing Q4 earnings

América Móvil saw its net profit for 4Q12 drop by 8.2 per cent to 15 billion pesos

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.

Vodafone hit by poor performance in Europe

Vodafone's financial performance in 4Q12 was impacted by difficult conditions in Europe

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.

TeliaSonera loses chief in wake of corruption allegations

Lars Nyberg

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.

Apple posts flat profit as competition builds

In 1Q13, gross margin fell from 44.7 per cent to 38.6 per cent, meaning that Apple's net profit stayed flat at $13.1bn

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.

Global operator revenues exceed $2tn in 2012

Mobile broadband presents the single largest opportunity for operator revenue growth until 2016

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.

TeliaSonera CEO to invest personal fortune into MegaFon

Lars Nybverg will invest $2m of his personal money into MegaFon

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.

European telecoms revenue falls for third consecutive year

With total revenue of €274.7bn in 2011, the overall telecoms sector revenue has declined for the third year in a row

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.

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