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Tag: bln
Public transport ITS in Europe reaches EUR 1 bln in 2014
2015-07-27 07:53:00| Telecompaper Headlines
(Telecompaper) The market value for Intelligent Transport Systems (ITS) deployed in public transport operations in Europe was EUR 1.03 billion in 2014, according to a research report from the analyst firm Berg Insight. Growing at a compound annual growth rate of 7.2 percent, this number is expected to reach EUR 1.46 billion by 2019. The European market for ITS for public transport is in a growth phase which will continue throughout the forecast period, researchers said. The fluctuating economic climate in most countries had limited effect on this market as the public investments which underpin a major part of the ITS initiatives remained stable throughout the periods of crisis in most countries.
Zimbabwe mobile money exceeds USD 2 bln in first 5 months
2015-07-24 10:49:00| Telecompaper Headlines
(Telecompaper) The value of transactions processed through mobile platforms in Zimbabwe surpassed USD 2 billion in the first five months of the year, the Herald reported. A January-May report from the Reserve Bank of Zimbabwe shows that mobile-based transactions were valued at USD 2.35 billion,. The service has become important, taking into account the fact that the country now has a thriving SME and informal sector (shadow economy) which is estimated to hold around USD 7 billion.
Euskaltel to buy regional operator R for EUR 1.16 bln
2015-07-24 09:48:00| Telecompaper Headlines
(Telecompaper) The consolidation of the Spanish telecommunications market shows no sign of abating with regional cable operator Euskaltel, operating in the Basque Country, agreeing to purchase rival cable provider R, operating in Galicia, for EUR 1.16 billion. In a statement outlining the terms of the deal, Euskaltel said it offered R's shareholders cash and new shares valued at 10.9 times the company's EBITDA. The deal means CVC Capital Partners, which had a 70 percent stake in R, will become one of Euskaltel's leading shareholders. In a statement to Spain's market regulator CNMV, Euskaltel said the combined entity will have over 715,000 residential and business customers and that the companies will continue to operate under their original brands in their respective regions in northern Spain.
Tags: buy
eur
regional
operator
Microsoft posts loss of USD 2.1 bln on mobile phone costs
2015-07-22 00:18:00| Telecompaper Headlines
(Telecompaper) Microsoft reported a net loss of USD 2.1 billion or USD 0.40 per share for its fiscal fourth quarter to June, hurt by the earlier announced impairment charge of USD 7.5 billion to write down the value of the former Nokia mobile phone business. The company also took charges of USD 940 million for the planned lay-offs at the mobile business and other restructuring. Excluding the one-time charges, the company had a profit of USD 0.62 per share, up from USD 0.56 a year ago. Adjusted operating profit was still slightly lower, at USD 6.39 billion versus USD 6.61 billion in the year-earlier period, as revenues fell 5 percent to USD 22.18 billion. Over half the drop in revenues came from the stronger US dollar, and the remainder was largely due to the Devices and Consumer division, where sales fell 10 percent to USD 8.7 billion. This included a 22 percent fall in Windows revenues with OEMs, due to the end of the XP replacement cycle and manufacturers awaiting the launch of Windows 10. Revenues from the mobile phone business fell 38 percent to USD 1.2 billion, amid lower shipments of both smartphones and feature phones. Other products performing well in its Devices and Consumer business included the Surface tablet, with revenue up 117 percent from a year ago to USD 888 million, and the Xbox, which grew console sales 30 percent to 1.4 million. Search advertising revenue was up 23 percent, and Microsoft said it expects Bing to be profitable in the next fiscal year. Commercial revenue increased slightly to USD 13.5 billion, led by strong demand for cloud products such as Office 365, Azure and Dynamics CRM Online. Windows volume licensing revenue declined 8 percent. Looking ahead, Microsoft said it expects the launch of Windows 10 to start supporting results from the second half of fiscal 2016. Sales in the phone business are expected to continue to show "significant" year-on-year declines, while losses should start to reduce as the recently announced restructuring takes effect.
Tags: phone
posts
mobile
costs
UPDATE 1-South Korea's POSCO may scrap planned $12 bln India steel project
2015-07-16 22:52:22| Steel - Topix.net
South Korean steelmaker POSCO could scrap plans for a $12 billion project it agreed to set up in India a decade ago, after a new law made it costlier to source iron ore for the plant, a company spokesman told Reuters. The U.S.-listed shares of POSCO fell as much as 3.3 percent to their lowest in more than six and a half years after the report.
Tags: project
update
india
steel
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