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Tag: telecom profit
Telecom Italia net profit down sharply, sales fall 8% in Q1
2013-05-09 09:34:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported first-quarter revenues down 8.1 percent year-on-year to EUR 6.796 billion. Domestic revenues fell 10.1 percent to EUR 4.024 billion, and revenues from Brazil and Argentina were dampened by negative currency effects. EBITDA declined 10.1 percent to EUR 2.672 billion, and the margin dropped to 39.3 percent from 40.2 a year ago, hurt by a larger share of business from South America, where margins are lower, and higher smartphone sales. Net profit dropped to EUR 364 million from EUR 605 million in the year-earlier period. Capex fell slightly to EUR 878 million, and operating cash flow plunged to EUR 137 million from EUR 626 million a year ago, hurt by accumulated payments for the previous quarter. This led to an increase in adjusted net debt to EUR 28.77 billion from EUR 28.27 billion at the end of December. The operator still targets debt of less than EUR 27 billion by year-end, as well as flat revenues and a low-single digit percentage drop in EBITDA this year. In addition, the company approved the partial spin-off of its carrier services division Telecom Italia Sparkle, expected to be completed by the third quarter.
Globe Telecom Q1 net profit falls 76%
2013-05-07 02:00:00| Total Telecom industry news
Filipino operator dragged down by depreciation costs stemming from network upgrade.
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China Telecom profit falls 9.5 percent
2013-03-20 11:32:23| Wireless - Topix.net
State-owned China Telecom Corp. said Wednesday that profit fell 9.5 percent last year because it spent more to market the iPhone as it battled rivals for higher-paying customers.
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China Telecom profit falls 9.5 percent
2013-03-20 11:21:00| Telecom - Topix.net
State-owned China Telecom Corp. said Wednesday that profit fell 9.5 percent last year because it spent more to market the iPhone as it battled rivals for higher-paying customers.
Tags: china
percent
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China Telecom net profit down 9.5% as it spends to compete
2013-03-20 01:00:00| Total Telecom industry news
Spending on handset subsidies and marketing hits Chinese telco's bottom line.