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Oi revenues down 4% to BRL 6.8 bln in Q1

2016-05-12 16:33:00| Telecompaper Headlines

(Telecompaper) Brazilian operator Oi reported first quarter net revenues of BRL 6.76 billion, down 4.4 percent year on year, impacted by MTR cuts, increased competition resulting form the ongoing economic recession and costs related to a debt it's in the process of restructuring. EBITDA fell 12.6 percent to BRL 1.69 billion, due above all to lower revenues, while the company's net loss widened to BRL 1.64 billion from BRL 469.9 million a year earlier. Capex increased 22.3 percent year on year to BRL 1.20 billion in the quarter, focusing mainly on network modernisation as part Oi's transformation plan to support recently-launched offers and improve customer experience. Oi also announced that its debt was BRL 49.4 billion at the end of the first quarter, down from BRL 54.9 billion, with almost 80 percent held in foreign currencies.

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Altice revenues fall 2.7% in Q1

2016-05-11 08:31:00| Telecompaper Headlines

(Telecompaper) Altice reported a fall of 2.7 percent in first-quarter revenue to EUR 4.260 billion, hurt by weakness in its main market France. Revenues were down 6.1 percent to EUR 2.573 billion at SFR in France, while its new US business Suddenlink recorded 9.0 percent higher sales at EUR 570 million. The other international activities grew by 1.3 percent to EUR 1.138 billion. Altice said revenue trends were improving on a sequential basis and it still expects to meet its outlook for 2016 of an improving trend in group revenue on a constant currency basis, mid-single digit growth in adjusted EBITDA and flat to slightly lower operating free cash flow due to accelerated investments. Group adjusted EBITDA was up 0.9 percent in Q1 to EUR 1.615 billion, and operating free cash flow increased 1.1 percent to EUR 899 million.

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Middle East & Africa SVOD revenues to climb tenfold

2016-05-09 08:21:04| Digital TV News

Middle East & Africa SVOD revenues will increase tenfold from $124 million in 2015 and onto $1,240 million in 2021. Digital TV Research estimates that Turkey will remain the market leader.

Tags: east middle africa middle east

Alibaba revenues jump 39% in March quarter

2016-05-05 14:10:00| Telecompaper Headlines

(Telecompaper) Alibaba reported a strong finish to its fiscal year, with revenue in the three months to March up 39 percent year-on-year to CNY 24.184 billion (USD 3.751 billion). The growth was again led by mobile users, with mobile revenue increasing 149 percent to CNY 13.084 billion. Alibaba said mobile purchases accounted for 73 percent of gross merchandise value acquired on its retail sites in China. The total GMV in the quarter was CNY 742 billion, up 24 percent from a year earlier. Alibaba's adjusted EBITDA rose 34 percent to CNY 11.498 billion the final quarter, while the margin dipped to 48 percent from 49. Alibaba said the margin may come under further pressure as it invests in new services and acquired businesses. Net profit was up 85 percent to CNY 5.314 billion, helped by profits on asset disposals.

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