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Tag: revenue
MTN Group posts H1 loss, organic revenue up 1.5%
2016-08-05 10:38:00| Telecompaper Headlines
(Telecompaper) MTN Group has reported a 14 percent increase in revenue to ZAR 78.88 billion for the first half of 2016 from ZAR 69.21 billion in the same period in 2015. This was positively affected by exchange rate movements and data services growth; excluding forex effects, revenue rose 1.5 percent. The number of subscribers was flat at 232.6 million on 30 June compared with 31 December 2015. EBITDA decreased 38.4 percent to ZAR 18.88 billion, hurt by the Nigerian regulatory fine (ZAR 10.499 billion). The net loss totaled ZAR 5.5 billion versus a profit of ZAR 11.9 billion a year ago.
Liberty Global Q2 revenue surges 11%
2016-08-05 02:00:00| Total Telecom industry news
Cable group's top line boosted by growth in Belgium, Germany, addition of Cable & Wireless.
Tags: global
revenue
liberty
surges
NY Legalizes Fantasy Sports With an Eye on Tax Revenue
2016-08-04 22:03:01| PC Magazine Software Product Guide
Tax revenue from the games will fund state education aid.
Vimpelcom sees service revenue slow in Q2 to fall of 1%
2016-08-04 08:50:00| Telecompaper Headlines
(Telecompaper) Vimpelcom said it expects to achieve only the lower end of its full-year targets, after a slowdown in service revenues in Q2. Its total revenue fell 16 percent year-on-year to USD 2.156 billion in the three months to June, and service revenue dropped 17 percent to USD 2.089 billion. In addition to negative currency effects, the company saw an organic revenue decline of 2 percent in its home market Russia and organic sales fell 15 percent in Algeria. Group EBITDA fell 26 percent to USD 795 million, hurt by the weaker sales and USD 116 million in restructuring costs, and the margin dropped to 36.9 percent from 41.6 a year ago. On an organic basis, service revenue fell 0.7 percent, as 26 percent growth in mobile data was offset by lower voice revenue.
VimpelCom Q2 service revenue slips, full-year to come in at low end of guidance
2016-08-04 02:00:00| Total Telecom industry news
Telco troubled by forex issues, competitive climate in Russia; confident of securing European Commission OK for Italy deal.
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