The world’s biggest operator in terms of revenue and arguably the most important bellwether of the global carrier market, demonstrated Tuesday that telecoms might not be as resistant to the economic downturn as everyone thought. Vodafone reported a 34 per cent drop in profits for the first half of the year, to £2.17bn, while revenues [...]
Despite the economic chaos, telecoms firms should not let a sensible attitude of caution turn into a bunker mentality. For those with tangible resources available, analysts say a more aggressive strategy is advisable. This week, industry analyst Ovum predicted that the financial crisis will force a sea change in the telecoms landscape, largely outdating the [...]
Europe’s leading telecoms operators have called for a softening of regulation across the sector, to encourage investment in next generation infrastructure in the face of the credit crunch. On Friday, some of the carrier community’s leading lights gathered in Venice for the annual general assembly of ETNO (the European Telecommunications Networks Operators’ association). In the [...]
Despite the economic turbulence, handset vendor Sony Ericsson managed to turn in a smaller than expected third quarter loss. At Eur25m the company’s quarterly loss compared to a profit of Eur267m in the same period last year, and follows a second quarter slide which sparked a Eur300m cost saving exercise. Third quarter sales hit Eur2.8bn, [...]
Despite reporting a hefty slide in third quarter profits, Nokia, the world’s biggest handset vendor, avoided spooking the market with any mention of the effects of the prevailing economic crisis. Net profit for the quarter slipped to Eur1.09bn from Eur1.56bn in the same period last year, while net sales fell 5 per cent to Eur12.2bn. [...]
Worldwide economic gloom continued to impact mobile phones sales in both mature and emerging markets during the second quarter of the year. And while the global mobile subscriber base continued to grow, there was also a marked slowdown in handset replacements, as the market was dragged down by the higher cost of living. Industry analyst [...]