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Sprint forecasts stronger EBITDA growth in 2014
2014-02-11 13:13:00| Telecompaper Headlines
(Telecompaper) Sprint forecast a further improvement in adjusted EBITDA in 2014, after reporting 13 percent growth in 2013. The result rose to USD 5.4 billion last year and is expected to reach USD 6.5-6.7 billion in 2014. In the fourth quarter of 2013, Sprint increased revenues slightly to USD 9.14 billion from USD 9.01 billion a year ago, helped by the acquisition of Clearwire, and adjusted EBITDA rose nearly 40 percent to USD 1.15 billion, helped by reduced handset subsidies and the shutdown of the Nextel network. Customer growth improved compared to the third quarter, with the net addition of 477,000 subscribers, including 219,000 in prepaid and 327,000 wholesale, offset by the loss of 69,000 in postpaid. The company added a net 58,000 postpaid users under the Sprint brand in the quarter, but lost 127,000 at Clearwire and the operations acquired last year from US Cellular. In total, Sprint had 55.354 million customers at year-end, down from 55.626 million at the end of 2012. The number of connected devices rose by over 1 million year-on-year, including 466,000 tablets in Q4 alone, to 4.50 million at end-2013. Despite more of the low-margin devices, ARPU improved over the year to USD 63.44 for retail postpaid and USD 27.34 for retail prepaid in Q4. Sprint increased capex last year to USD 7.45 billion from USD 5.37 billion in 2012. The company plans a further increase this year to around USD 8 billion, as it expands LTE coverage to 250 million people by mid-year, from 200 million currently.
Tags: growth
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Stronger Pacific trade winds linked to stable air temperatures
2014-02-09 22:44:00| Climate Ark Climate Change & Global Warming Newsfeed
Sydney Morning Herald: An Australian-led research team claims to have solved one of the biggest puzzles in climate science -- why air temperatures have largely plateaued since 2001 even as greenhouse gas levels have continued to climb. While most scientists have long accepted that the Earth continues to trap extra heat with the bulk of it ending up in the oceans, they have been uncertain about the precise process slowing the rise in atmospheric temperatures and whether it will persist. The answer, says Matthew England...
Tags: air
trade
pacific
linked
Study: Stronger Pacific winds explain global warming hiatus
2014-02-09 19:30:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Stronger winds which have cooled the surface of the Pacific Ocean could explain what is likely to be a temporary slowdown in the pace of global warming this century, researchers said. Last year, scientists on the Intergovernmental Panel on Climate Change (IPCC) said the pace of temperature rise at the Earth's surface had slowed over the past 15 years, even though greenhouse gas emissions, widely blamed for causing climate change, have risen steadily. Past research has linked the slowdown in the...
Tags: study
global
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pacific
Medical Waste Firm Stericycle Posts Stronger Results in Quarter, Year
2014-02-06 19:25:00| Waste Age
Medical waste firm Stericycle Inc. reported stronger net earnings and revenue for its fourth quarter and year. read more
Tags: year
results
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medical
Verso To Acquire NewPage To Create Stronger Coated Paper Producer
2014-01-31 06:05:06| pulpandpaperonline News Articles
Verso Paper Corp., a leading North American producer of coated papers, and NewPage Holdings Inc., a leading producer of printing and specialty papers, today announced that they have entered into a definitive agreement under which Verso will acquire NewPage in a transaction valued at $1.4 billion
Tags: create
paper
producer
stronger
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