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China Telecom Q1 revenues fall 0.5% on sharp drop in handset sales

2019-04-29 12:30:00| Telecompaper Headlines

(Telecompaper) China Telecom reported a small decrease of 0.5 percent in first-quarter revenues, to CNY 91.53 billion, hurt by a sharp fall in handset sales. EBITDA increased 14.1 percent to CNY 30.24 billion, helped by the new accounting standards and lower operating costs, and net profit rose 4.5 percent to CNY 5.96 billion.

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AT&T posts 4% fall in domestic telco revenues in Q4

2019-01-30 14:11:00| Telecompaper Headlines

(Telecompaper) AT&T reported a further fall in revenues from its communications business in the fourth quarter, as it lost customers across postpaid mobile, fixed voice and TV activities in the past year. Operating profit still improved, thanks to cost reductions, and overall group results were up following the growth at WarnerMedia and acquisitions. AT&T confirmed its outlook for 2019, as it looks to use the content and advertising business to restore growth in its telecom operations.

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Vodafone quarterly revenues fall 7%, organic service revenue flattens

2019-01-25 08:46:00| Telecompaper Headlines

(Telecompaper) Vodafone reported a further slowdown in its fiscal third quarter to December, amid continued weakness in its big European markets. Revenues fell 6.8 percent to EUR 10.996 billion, with a 5.6 percent fall in Europe and 11.1 percent lower sales in the rest of the world. Organic service revenue grew just 0.1 percent, slowing from 0.5 percent growth in Q2 and 1.1 percent in Q1. 

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HTC revenues fall 62% in 2018 after step back on smartphone market

2019-01-04 13:05:00| Telecompaper Headlines

(Telecompaper) HTC reported revenues of TWD 23.74 billion for 2018, down 61.8 percent from the previous year. In December alone, sales fell 66.4 percent year-on-year to TWD 1.35 billion. 

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Alibaba revenues jump 54% to CNY 85.1 bln in fall quarter amid some caution ahead

2018-11-02 14:06:00| Telecompaper Headlines

(Telecompaper) The company intends to continue investing into long term growth abroad, with international revenues lifting 55 percent to CNY 4.464 billion. Alibaba noted that it partnered in September with Russian Direct Investment Fund (RDIF), Megafon and  Mail.Ru Group to integrate Russia's key consumer internet and e-commerce platforms and launch a leading social commerce joint venture for Russia and CIS states. 

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