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RCom net profit up 21% on cost reductions

2014-08-14 16:03:00| Telecompaper Headlines

(Telecompaper) Indian operator Reliance Communications reported net profit for its fiscal first quarter to June up 21.4 percent year-on-year to INR 1.32 billion. The result was driven by a reduction in costs at its international arm. RCom said additional debt reduction and refinancing efforts are expected to result in annual savings of INR 6 billion on interest from Q2. Net debt dropped to INR 355.0 billion at the end of June from 401.8 billion. The company's revenues in the first quarter were up 2.1 percent to INR 55.2 billion, as 1.3 percent growth at the mobile business in India offset a 5.1 percent decline at the international business. EBITDA rose 9.5 percent to INR 18.6 billion, giving a margin of 33.7 percent. RCom said its mobile ARPU in India was up 14.3 percent year-on-year to INR 136 in the quarter, thanks to price increases and higher revenue per minute. Data traffic also jumped 78 percent from a year earlier to 55.3 billion MB, driven by the roll-out of the 3G network. The operator had 28.6 million mobile internet customers at the end of June, of which 13 million used 3G. Thee was little change in 3G coverage during the quarter, with 334 towns covered and just under 11,700 sites active at the end of June. 

Tags: net cost profit reductions

 

Massive emission reductions needed by 2050 to limit climate change damage, reports UN

2014-08-11 13:09:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: A draft analysis of three UN scientific reports regarding global warming has concluded that by the year 2050, greenhouse gas emissions must be drastically reduced in order to avoid climate catastrophe. The report suggests that reduction targets need to be set at between 40% and 70% lower than 2010 levels in order to avoid long lasting global warming damage. Initially seen by Reuters, the report, published by the UNs Intergovernmental Panel on Climate Change (IPCC), comes ahead of a climate...

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Air traffic growth rates will outpace emission reductions, research shows

2014-08-08 11:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Press Association: Efforts to reduce aviation carbon dioxide (CO2) emissions will be outweighed by the growth in air passengers, according to new research. Plane ticket prices would need to rise by at least 1.4% a year for emission levels to fall, the research by the University of Southampton said. But such a rise would buck the recent trend of lower air fares, said the authors of the research. They said that even if proposed mitigation measures were agreed upon and put into place, air traffic growth rates...

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Intel Skylake leak predicts DDR4 support, configurable TDPs, dramatic power reductions

2014-06-30 18:00:54| Extremetech

Intel's Skylake is rumored to pack a great many improvements and enhancements -- including a new GPU core, AVX3, DDR4 support, and additional security extensions.

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Ohio power plants facing large emission reductions under Obama administration proposal

2014-06-03 07:05:00| Climate Ark Climate Change & Global Warming Newsfeed

Chillico Gazette: Ohio would have to significantly reduce its carbon emissions over the next 16 years under a proposal President Barack Obamas administration unveiled Monday to combat global warming. The proposal could force Ohios coal-fired power plants to dramatically change the way they operate for example, by improving efficiency, switching to natural gas, or even closing down. The draft environmental rule, a top domestic goal of the administration, is the centerpiece of Obamas climate change initiative....

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