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ZTE revenue growth stable at 4% in H1

2016-08-25 15:18:00| Telecompaper Headlines

(Telecompaper) ZTE announced a 4.05 percent increase in first-half operating revenues compared to a year earlier to CNY 47.76 billion. While the company did not release Q2 figures, the report suggests business was stable in the second quarter, after Q1 sales also rose 4 percent. ZTE reported a net profit of CNY 1.77 billion, up 9.33 percent from a year earlier, and operating cash flow improved 56.17 percent to CNY 2.35 billion.

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Axiata Group revenue up nearly 13%, profit plunges 63%

2016-08-25 11:00:00| Telecompaper Headlines

(Telecompaper) Asian operator Axiata Group reported second-quarter revenue of MYR 5.3 billion, which represents an increase of 12.8 percent year-on-year. Revenue growth was mainly boosted by the consolidation of revenue from Nepal in the second quarter of 2016, and higher revenues in Sri Lanka, coupled with a positive translation impact. At constant currency, Group revenue registered an increase of 8.6 percent. EBITDA jumped 20.4 percent year-on-year to MYR 2.1 billion, and margin increased by 2.5 percentage points to 38.9 percent at 30 June 2016.

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MTS group revenue rises 5.3% in Q2, OIBDA falls 4.3%

2016-08-19 09:15:00| Telecompaper Headlines

(Telecompaper) Russian MTS Group announced that its consolidated revenues grew by 5.3 percent year-on-year to RUB 108.136 billlon in the second quarter of this year. OIBDA declined by 4.3 percent to RUB 40.885 billion, and the OIBDA margin dropped by 3.8 percentage points to 37.8 percent. Consolidated net profit declined to RUB 9.056 billion, down by 47.0 percent. The net debt contracted to RUB 274.5 billion. The subscribers was 109.0 milllion, up by 3.5 percent.

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Augmented and virtual reality revenue to reach $162bn in 2020

2016-08-16 02:00:00| Total Telecom industry news

Sales of AR/VR hardware are expected to generate more than 50% of worldwide revenues throughout the forecast period.

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Singtel fiscal Q1 revenue down 7% on Australia termination rate cut

2016-08-12 02:00:00| Total Telecom industry news

Singapore incumbent's EBITDA up 7% on increased contribution from international affiliates.

Tags: rate australia cut fiscal

 

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