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Telenor sees growth slowing, margin pressure in 2015

2016-02-10 08:43:00| Telecompaper Headlines

(Telecompaper) Telenor expects its growth to slow and margins to come under pressure in 2016, amid fierce competition and headwinds in key markets like Thailand and Malaysia. After reporting 4.7 percent organic revenue growth in 2015, the company expects the growth rate to slow to 2-4 percent this year, while the EBITDA margin will drop to 33-34 percent from 34.5 in 2015. The company said it will continue to invest in the roll-out of mobile and fixed broadband networks, maintaining capital expenditure at a high 17-19 percent of sales this year versus 18.4 percent in 2015. The outlook is in line with a slowdown in the fourth quarter, with organic revenue growth of 2.3 percent versus 4.5 percent in Q3. Total revenues rose to NOK 33.5 billion from NOK 30.4 billion a year ago, and adjusted EBITDA increased to NOK 10.9 billion from NOK 9.3 billion. The EBITDA margin was 32.4 percent. The bottom line was a loss of NOK 2.1 billion, after an impairment charge of NOK 2.1 billion on the Danish operations following the failure of the merger with Telia last year. Despite the loss, Telenor increased its dividend to NOK 7.50 per share from NOK 7.30 last year. 

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TeleCommunication Systems, Inc. (TSYS) Sees Significant Growth in Short Interest

2016-01-31 09:05:22| Wireless - Topix.net

TeleCommunication Systems, Inc. was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 1,619,106 shares, a growth of 86.2% from the December 31st total of 869,452 shares, AnalystRatings.NET reports.

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Verizon Sees Strong 4th Quarter Subscriber Growth

2016-01-31 00:50:33| Telecom - Topix.net

Verizon recently released its fourth quarter results and registered better-than-expected top and bottom lines on the back of heavy promotions. The telecom provider's aggressive offers and discounts helped it expand its customer base and report a strong quarter.

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Permasense Sees Impressive Growth in 2015

2016-01-26 16:00:00| Offshore Technology

Permasense, the leading provider of remote corrosion and erosion monitoring solutions to the global energy industry, has announced stellar growth results for 2015 with revenues totalling $10m, a 35% increase year-on-year.

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Netflix sees strong customer growth continuing

2016-01-20 08:30:00| Telecompaper Headlines

(Telecompaper) Netflix reported better-than-expected customer growth at its international operations in the fourth quarter. The streaming video service added 4.04 million customers outside the US, more than the 3.5 million forecast, to reach a total of 30.02 million at the end of 2015. Customer growth in the US was slightly below expectations, at 1.56 million to 44.74 million. With a total 74.76 million streaming customers at year-end, Netflix added over 17 million customers in 2015. The company said it passed the milestone of 75 million customers on 01 January, and the recent launch in 130 more countries is expected to take it to over 80 million by the end of Q1 2016. Revenue in the fourth quarter rose to USD 1.67 billion from USD 1.31 billion a year ago, in line with the company's forecast. Net profit fell to USD 60 million or 10 cents a share from USD 65 million or 19 cents a share a year earlier due to losses in new markets and costs of original content. The loss at the international operations swelled to USD 109 million in the quarter, but was smaller than the company's guidance of USD 117 million. In Q1 the international loss is expected to increase further to USD 114 million. 

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