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China Mobile's Q1 profit, EBITDA grow 4%

2018-04-23 08:25:00| Telecompaper Headlines

(Telecompaper) China Mobile reported operating revenue of CNY 185.5 billion for the first quarter of 2018, which represents an increase of 0.8 percent year-on-year. First-quarter EBITDA reached CNY 69.7 billion, up by 3.9 percent year-on-year, while profit amounted to CNY 25.8 billion, up by 4.1 percent over the same period of 2017.


Last week in telecoms: Q1 reports, Russian recovery and a Vodafone/Liberty report after the close

2018-04-23 07:30:00| Telecompaper Headlines

(Telecompaper) Satellite stocks did well in week 16, especially SES (+17%) and Intelsat (+33%). The Russian shares in our basket recovered from the previous week, with MegaFon (+11%) and Veon (+16%) making double digit gains.


Ericsson narrows losses in Q1, to continue R&D push for 5G

2018-04-20 09:16:00| Telecompaper Headlines

(Telecompaper) Ericsson said its restructuring process, which made the company write down assets and let go of personnel, started showing positive results in the first quarter, with still lower revenues, but higher margin and profit figures. The company reduced its total workforce by over 3,000 in the quarter, bringing the full number to almost 18,000 since reductions were started in July. The annual run-rate of savings has so far reached SEK 8.5 billion, and the goal is to reach SEK 10 billion by mid-year.

Tags: continue rd push ericsson


ZTE to seek talks, legal action against 'unfair' US export ban

2018-04-20 08:48:00| Telecompaper Headlines

(Telecompaper) ZTE said it will seek talks with US officials and take legal action if necessary, after the US government "unfairly" imposed a ban on components from the US to the Chinese company. In its first official statement since the ban was announced, ZTE said the seven-year order will "not only severely impact the survival and development of ZTE, but will also cause damages to all partners of ZTE including a large number of US companies". 

Tags: legal action export seek


Telia posts Q1 loss on divestments, starts share buyback as cash flow improves

2018-04-20 08:23:00| Telecompaper Headlines

(Telecompaper) Telia reported a net loss of SEK 600 million for the first quarter, versus a profit of SEK 7.05 billion a year ago, due to losses on divestments in central Asia. Revenues were still up 3.2 percent to SEK 19.85 billion, and adjusted EBITDA rose 7.4 percent to SEK 6.50 billion. Telia also announced plans to buy back SEK 5 billion in shares over the next three years. 

Tags: share posts loss cash


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