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Manitoba Telecom Services posts second-quarter loss of $52.9M, higher revenues
2013-08-02 09:56:41| Telecom - Topix.net
That compared with a profit of $36.6 million in the same quarter last year, the regional telecom company said Thursday.
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Manitoba Telecom Services posts second-quarter loss of $52.9M, higher revenues
2013-08-02 07:45:06| IT Services - Topix.net
That compared with a profit of $36.6 million in the same quarter last year, the regional telecom company said Thursday.
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IBM says SEC is investigating how it reports cloud revenues
2013-07-31 22:58:36| InfoWorld: Top News
IBM is the subject of a probe by the U.S. Securities and Exchange Commission into how it reports revenue related to its cloud computing business, the vendor revealed Wednesday. "In May 2013, IBM learned that the SEC is conducting an investigation into how IBM reports cloud revenue," the company said in a filing with the SEC. "IBM is cooperating with the SEC in this matter."
Airtel quarterly revenues up 9%, EBITDA improves 19%
2013-07-31 08:59:00| Telecompaper Headlines
(Telecompaper) Bharti Airtel reported revenues up 9.2 percent year-on-year to INR 202.6 billion for its fiscal first quarter to June. Revenues were up 11.6 percent in its home market India, helped by mobile price increases and growth in mobile data and TV services. At its South Asia and Africa operations, growth slowed to 4.6 percent, hurt by termination rate cuts in several countries in Africa. The operator's EBITDA rose 19.3 percent to INR 65.5 billion, and the margin improved to 32.3 percent from 29.6 a year earlier. Net profit dropped to INR 6.9 billion from INR 7.6 billion due to forex and derivatives losses. Operating cash flow doubled year-on-year to INR 42.5 billion, and net debt dropped by USD 908 million in the quarter to USD 9.78 billion at end-June after the investment by the Qatar Foundation. That's equal to 2.21 times EBITDA, versus 2.50 three months earlier. Airtel finished the quarter with 274.92 million customers, up by 1.4 percent from March and 5.4 percent more than a year earlier.
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Ooredoo Q2 profit up 44% on higher revenues
2013-07-30 02:00:00| Total Telecom industry news
CEO reiterates Qatar telco's 'targeted, sensible and strategic approach' to M&A.
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