Financial resultsRSS

Everything Everywhere rues impact of MTR cuts

Everything Everywhere says that service revenues would have grown were it not for the impact of MTR cuts in the UK

Everything Everywhere, the company formed by the merger of Orange and T-Mobile in the UK, has posted a drop in service revenue of 2.5 per cent to reach £1.5bn in its first quarter earnings statement.

Motorola Mobility quarterly loss deepens

Motorola's RAZR MAXX smartphone

Motorola Mobility has posted a loss of $86m in its first-quarter earnings for 2012. The loss is $5m deeper than the $81m loss the company made in the same quarter last year. The firm, which is on the verge of being acquired by Google, is still to post an annual profit, having recorded losses for the four years since it was established.

Bharti Airtel sees revenues rise but profit fall

India's Bharti Airtel posts increases in revenue, but net profit was in decline

Indian operator Bharti Airtel saw its net profit fall 29 per cent year-on-year to INR10bn from INR14bn ($189m), during its fiscal fourth quarter of 2011. This is despite seeing its revenue grow 15 per cent to INR187.3bn, up from INR162.9bn a year earlier.

Samsung takes top spot in handset battle

Samsung claims top spot in the handset market

Korean vendor Samsung been crowned as the number one handset vendor, displacing Nokia after its 14-year reign.

Quarterly results: Ericsson, AT&T, Sprint and Etisalat

Ericsson, At&T, Sprint and Etisalat posted first-quarter results

Ericsson, AT&T, Sprint and Etisalat have all posted earnings statements for the first quarter of 2012, achieving varying levels of success.

Apple’s profit surges at operators’ expense

2Q12 was the first full quarter that the iPhone 4S was on the market

Despite operator frustrations at the huge markups they have to pay on iPhone devices, Apple’s momentum has not been suppressed and it has once again posted sharp year-on-year increases in revenue and profit in its latest quarterly earnings.

Vimpelcom to exit Vietnam

Vimpelcom is exiting Vietnam following a write down of assets

International operator VimpelCom is to exit the Vietnamese mobile market, selling its 49 per cent share of fifth placed mobile operator Gtel Mobile for $45m. VimpelCom, which is headquartered in The Netherlands, said the stake would be bought by GTEL Transmit and Infrastructure, “a related party” of Vimpelcom’s local partner, Gtel.

Quarterly results: TeliaSonera, Verizon and Qualcomm

Verizon, TeliaSonera and Qualcomm were each buoyed by their quarterly results

Operators Verizon and TeliaSonera, as well as chipmaker Qualcomm have each posted encouraging quarterly earnings. US carrier Verizon saw a 7.7 per cent year-on-year in service revenues for 1Q12 to reach $15.4bn. Data revenues rose by 21.1 per cent, or $1.1bn, to hit $6.6 bin, and the operator also saw a 8.9 per cent increase in retail service revenues to reach $14.9bn; the highest growth rate it has seen in its retail business for three years.

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.