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ZTE increases profit, revenues during H1 2016

2016-08-26 02:00:00| Total Telecom industry news

Chinese vendor claims leading position in 4G equipment sales; reports solid growth in its consumer device and smart cities businesses.

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Worldwide AR/VR revenues to reach $162 billion in 2020

2016-08-15 19:30:46| Digital TV News

According to the IDC, worldwide revenues for the augmented reality and virtual reality (AR/VR) market will grow from $5.2 billion in 2016 to more than $162 billion in 2020. This represents a CAGR of 181.3% over the forecast period.

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Oi revenues fall 3.8% in Q2, EBITDA drops 24%

2016-08-11 16:54:00| Telecompaper Headlines

(Telecompaper) Brazilian operator Oi, under judicial reorganization, ended the second quarter of 2016 with net revenue of BRL 6.52 billion, down 3.8 percent on the same period in 2015 and 3.4 percent less than in Q1 2016. The company blamed the decline on the poor economic climate, which hurt B2B and prepaid revenues, as well as regulatory price cuts and fewer customers. The operator had a net loss from continuing operators of BRL 656 million in the quarter, widening from a loss of BRL 442 million a year earlier. EBITDA fell 24.4 percent to BRL 1.43 billion, and capex amounted to BRL 1.21 billion, an increase of 16.7 percent from a year ago.

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Singtel's quarterly revenues drop 7%, profit flat

2016-08-11 07:29:00| Telecompaper Headlines

(Telecompaper) Singapore Telecommunications (Singtel) reported a net profit stable year-on-year at SGD 944 million in the quarter ended 30 June 2016. In constant currency terms, profit increased by 2 percent in the period. Strong performances by Telkomsel and Airtel saw pre-tax contributions from the regional associates grow 14 percent for the quarter to SGD 714 million, Singtel said. Singtel reported revenues for the quarter ended 30 June 2016 down 7.1 percent from a year earlier to SGD 3.9 billion.

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