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Gemalto increases revenues 13% to EUR 2.24 bln in 2012
2013-03-14 08:58:00| Telecompaper Headlines
(Telecompaper) Smartcard group Gemalto reported revenues up 13 percent to EUR 2.24 billion in 2012, with the largest growth coming from the mobile communications and security segments. Gross profit rose by 15 percent to EUR 864 million, for a 38.5 percent margin, up 1.2 percentage points on 2011. Profit increased by 20 percent to EUR 306 million, after adjusting the value of Gemalto's investment in a Chinese joint venture. Adjusted net profit increased grew by 15 percent to EUR 262 million. Gemalto will propose a EUR 0.34 per share dividend for 2012, 10 percent more than in 2011. For 2013, Gemalto expects double-digit growth in revenue at constant exchange rates. The group will announce its next long-term development plan and targets in the second half.
Tags: eur
increases
revenues
bln
Dutch broadband market worth EUR 459 million in Q4 - study
2013-03-12 16:46:00| Telecompaper Headlines
(Telecompaper) The Dutch consumer broadband market grew by 0.8 percent or 52,800 net additions during the fourth quarter of 2012, to reach 6.59 million connections on 31 December, according to Telecompaper's quarterly report. For the first time, the research company added an estimate of retail revenues for the broadband market to its report, claiming those amounted to EUR 459 million for the fourth quarter of 2012.
Tags: market
study
eur
million
Telecom Italia FY net loss hits EUR 1.6 bln on writedowns
2013-03-08 11:45:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has published its final results for 2012, showing a net loss of EUR 1.6 billion due to goodwill writedowns. The loss included over EUR 4 billion in impairment charges on Olivetti and the buy-out of minority shareholders in TIM, which the operator said were due to the poor market outlook and weak economic climate. In 2011, the operator reported a net loss of EUR 4.8 billion, also impacted by asset writedowns. Excluding the one-time items, net profit fell to EUR 2.4 billion from EUR 2.5 billion in 2011. Telecom Italia emphasized the charges are non-cash, and do not affect its debt reduction targets or medium-term guidance issued with preliminary annual results. It proposed a dividend of EUR 0.02 per ordinary share and EUR 0.031 per savings share, for a total distribution of EUR 454.4 million. Operating free cash flow amounted to EUR 6.47 billion in 2012, a EUR 703 million increase on 2011.
Microsoft fined EUR 561 mln over browser choice in EU
2013-03-06 13:17:00| Telecompaper Headlines
(Telecompaper) Microsoft has received a EUR 561 million fine from the European Commission for failure to implement an agreement to offer a choice of web browsers with its Windows operating system. The EC warned Microsoft last year already that it was considering a fine for not implementing the agreement from 2009. Microsoft acknowledged in July 2012 that the choice screen was not displayed due to a technical error. The commitment to offer a choice of browser was made legally binding on Microsoft until 2014, after it was found to be abusing its dominant market position by making Internet Explorer the default browser with Windows. The latest fine applies to the lack of browser choice with Windows 7 Service Pack 1 from May 2011 until July 2012, the result of which was that 15 million Windows users in the EU did not see the required choice screen, the EC said. This is the first time that the commission has fined a company for non-compliance with a commitments decision. In the calculation of the fine the EC said it took into account the gravity and duration of the infringement, the need to ensure a deterrent effect of the fine and, as a mitigating circumstance, the fact that Microsoft has cooperated with the commission's investigation.
Tags: eur
browser
choice
microsoft
Telecom Italia sells La7 to Cairo for EUR 1 million
2013-03-05 09:01:00| Telecompaper Headlines
(Telecompaper) Telecom Italia Media has agreed to sell Italian national broadcaster La7 to Cairo Communications for EUR 1 million. Before the transfer of the shareholding, La7 will undergo a capital increase that will leave it with a net positive financial position not higher than EUR 88 million. The recapitalisation will also bring the broadcaster's shareholders equity up to the agreed level of EUR 138 million. As part of the deal, Telecom Italia agreed to waive EUR 100 million in loans owed by Telecom Italia Media to the parent company. Telecom Italia Media will continue to own a 51 percent stake in MTV Italia as well as its DTT broadcast operations.
Tags: eur
million
italia
telecom
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