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Nokia posts €1.34bn Q1 loss

Nokia's posts sizeable Q1 losses

Nokia has announced an operating loss of €1.34bn for 1Q12, blaming “greater than expected competitive challenges and seasonality”. The Finnish firm posted net sales of just €7.4bn, down from the €10.4bn it posted in the first quarter of last year, in which it made €439m in operating profit.

Service provider revenues recover to hit $1.91tn

Service provider revenues are on the rise once again, said Ovum

Communication service provider revenues passed the $1.91tn mark in 2011, compared to $1.79tn in 2010, due to a recovery in both fixed and mobile sectors according to figures from research house Ovum.

Sprint Nextel faces “very legitimate risk” of bankruptcy

Sprint Nextel could file for bankruptcy within "the next four or so years", according to Bernstein

US carrier Sprint Nextel is facing a “very legitimate risk” of filing for bankruptcy in the next four years, according to a financial analyst firm. The warning comes from Sanford C. Bernstein analyst Craig Moffett, who said that there is a 50 per cent chance that the operator could be forced to file for protection from creditors under Chapter 11 of the federal bankruptcy code.

Apple to pay dividend and repurchase shares

Apple is to embark on dividend payout and share buyback schemes

Apple plans to initiate a quarterly dividend of $2.65 per share and has already authorised a $10bn share repurchase programme.

Telefónica profits hit by Spanish restructuring

Telefonica's results have been impacted by job cuts in Spain

Telefónica has posted a €5.4bn ($7.2bn) profit for the full 2011 financial year, almost 50 per cent less than the €10.2bn profit it recorded in 2010. The Spanish operator group has felt the impact of its workforce restructuring plans in Spain.

France Telecom hit by poor domestic performance

France Telecom cuts dividend forecast

France Telecom has announced that revenues dropped 0.5 per cent for the full year, to just €45.3bn ($60bn) in 2011from €45.5bn in 2010. In addition, net income after tax also fell 22 per cent to just €3.8bn from €4.9bn in 2010.

Facebook files a big IPO, but it also has a potentially big problem


Social network Facebook has finally filed an S-1 registration document for its initial public offering (IPO) with the US Securities and Exchange Commission (SEC). In the S-1, Facebook states that it aims to raise $5bn when it lists on either the Nasdaq or the NYSE in May, which some estimates suggest could value the company at around $100bn. That’s not the only big number that Facebook reveals in the S-1.

Alcatel-Lucent posts first full year profit since merger

Alcatel-Lucent makes its first ever full-year profit

Alcatel-Lucent has recorded its first-ever full-year profit since Alcatel merged with Lucent Technologies. The company made a profit of €1.1bn ($1.4bn) for the year, after generating revenues of €15.7bn. In 2010, the company made a loss of €292m and revenues were actually 1.9 per cent higher that year, standing at €15.7bn.

Operators post mixed quarterly results

Vodafone, Sprint and Telstra have totalled up their figures for the quarter ending Dec 31, 2011

With a host of businesses posting quarterly earnings results today, takes a look at how operators around the world are faring. Sprint Nextel, Vodafone and Telstra all posted results for the quarter ending December 31, 2011.

What Facebook’s IPO filing means for the telecoms industry

Facebook has filed for an IPO

As the industry awaits Facebook’s IPO, takes a look at what the social networking site going public will mean for the telecoms industry. The social networking site revealed in its documents that it currently has 823m unique users per month, according to its December 2011 figures, and half of that figure – around 430m – are using the site from a mobile device, which is larger than the global Android install base.

NEC to cut 10,000 jobs

NEC will slash 10,000 jobs from its workforce

Japanese manufacturer NEC has announced that it will cut 10,000 jobs and is expecting to record a loss of 100bn yen ($1.3bn) for 2011. Some 3,000 positions will be lost outside its home country.

Legal disputes hit financial performance

AT&T, Samsung and Motorola Mobility all saw their bottom lines suffer due to legal battles

Telecoms firms reported mixed fortunes in their fourth quarter earnings results, with Samsung having reason to celebrate, Motorola Mobility reporting an average quarter and AT&T taking a huge hit.

Nokia posts €954m loss in Q4

Nokia's operating loss for 4Q11 totalled €954m

Nokia has announced that it has made a staggering operating loss of €954m ($1.25bn) in 4Q11. The Finnish firm recorded an operating profit of €884m in the same period last year, and a -€71m loss in the third quarter of 2011. Meanwhile, revenues for the quarter drop year-on-year from €12.6m in 4Q10 to €10m.

Ericsson takes hit in 4Q but full year bounces back

Ericsson has been building strength in Europe

Infrastructure giant Ericsson took a big hit in the fourth quarter of 2011, as handset venture Sony Ericsson weighed on profits and sales in the network division remained sluggish. But the company showed good recovery for the full year, notching up a 12 per cent increase in revenues year on year to SEK226.9bn (€), while profits rose 12 per cent to SEK12.6bn.

Apple posts record Q1 figures

Apple says it posted record numbers of iPhones and iPads for the first quarter of 2012

Apple has surpassed Wall Street’s expectations after doubling sales its sales figures for iPhones, iPads and Macs for the first quarter of 2012. The company posted revenue of $46.33bn, with a net profit of $13.06bn for the quarter, which ended December 31, 2011. The net profit figure exceeded rival Google’s entire revenue for the same period, in which the search giant recorded sales of just over $10bn.

Sony Ericsson posts $265m quarterly loss

The Xperia X10, one of Sony Ericsson's 2010 Android flagships

Sony will face a tough time turning around the fortunes of Sony Ericsson, which it will soon own outright, after the handset manufacturer posted a staggering net loss of €207m ($265m) for 4Q11. The loss is in contrast to the €8m profit the firm posted in the same quarter a year earlier.

Nokia to delist from German stock exchange while HTC expects flat Q4

HTC and Nokia are seeing the effects of a poor global economic climate

Handset manufacturers are suffering the repercussions of a poor global economic climate as Finland’s Nokia has announced that it plans to delist from the German stock exchange next year, while Taiwan’s HTC has amended its sales forecast for 4Q11.

NSN announces 17,000 job cuts

NSN will slash 17,000 jobs from its global workforce

Nokia Siemens Networks (NSN) has announced that it plans to axe 17,000 jobs from its global workforce by the end of 2013. The company said that the job cuts are part of a move to target end-to-end mobile network infrastructure and services, with a particular emphasis on mobile broadband.

Telefonica posts first quarterly loss in nine years

The Spanish incumbent has posted losses of €429m for 3Q11

Telefonica, Europe’s largest operator, has reported its first quarterly loss in nine years, in its earnings announcement for 3Q11.The firm’s revenue took a staggering plunge from €5.1bn in 3Q10 to a €429m loss in the same quarter this year. It blamed regulatory impact, hugely challenging economic and competitive environments and costs to eliminate jobs for the drop.

Vodafone enjoys steady rise in profit

Vodafone has reported increased revenues and profits for the six months ending 30 Sep 2011

Vodafone group has announced that it has seen a 2.2 per cent year-on-year increase in its revenue in the six months ending 30 September 2011. The firm generated £23.5bn ($37.8bn) in the period, with its adjusted operating profit standing at £6bn – 4.4 per cent more than the £5.8bn it made in the same period last year.