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Ooredoo H1 revenue falls 5.4% to USD 1.2 bln
2015-07-28 08:21:00| Telecompaper Headlines
(Telecompaper) Ooredoo Group reported a 5.4 percent decline in revenues for the first half of 2015 to USD 1.187 billion, hurt by the stronger dollar. In local currency in Kuwait, Algeria and Maldives, the operator posted revenue growth, and the total number of subscribers rose by 11.3 percent year-on-year to 24 million on 30 June. EBITDA declined to USD 400 million from USD 490 million in the same period of 2014. Net profit declined to USD 55.8 million from USD 171.8 million in 2014, hurt by adverse currency movements in Tunisia and Algeria as well as foreign exchange losses of USD 44.1 million, mainly from Algeria. Chairman Sheikh Saud Bin Nasser Al Thani said customer and revenue growth performance demonstrates progression and delivery of the group's strategy to invest in differentiating customer experience while providing world-leading network speeds. Al Thani said the group will continue to execute its date-centric strategy to take advantage of the opportunities offered by an increasingly digital world.
GaN Industrial Devices Market Is Expected To Reach USD 1,315.0 Million In 2021 & By Volume Expected To Reach 3,427.2 Million Units In 2021: Transparency Market Research
2015-07-28 07:33:18| rfglobalnet Home Page
According to a new market report published by Transparency Market Research "GaN Industrial Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021" the market was valued at USD 481.8 million in 2014, which is expected to reach USD 1,315.0 million by 2021, growing at a CAGR of 15.1% from 2015 to 2021.
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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.
AT&T grows Q2 revenue 1.4% to USD 33 billion
2015-07-24 08:29:00| Telecompaper Headlines
(Telecompaper) AT&T reported EUR 33 billion of consolidated revenue in the second quarter, up 1.4 percent compared to the second quarter of 2014. This operator's revenue reflects its Mexican acquisitions (Iusacell and Nextel Mexico) and pressure from foreign exchange and its exit from global hubbing. AT&T's Operating income rose by 1.7 percent to USD 5.71 billion, but adjusting for merger and integration-related expenses, it came in at USD 6.5 billion, compared with USD 5.8 billion a year earlier. Net profit declined by 14.2 percent to USD 3.04 billion, corresponding to USD 0.58 per diluted share, compared to USD 3.5 billion and USD 0.68 in the second quarter of 2014. AT&T's wireless segment grew its revenue by 2.1 percent to UDS 18.3 million. Operating income rose 8.2 percent to USD 4.69 billion. The company added 2.1 million mobile customers, including 410,000 postpaid, 331 prepaid and 1 million connected cars, to reach 123.9 million total wireless subscribers and connections at the end of June. In wireline, AT&T's revenue declined by 2.9 percent to USD 14.21 billion and the operating income dropped by 4.1 percent to USD 1.36 billion. Within the total, U-verse revenues grew by 19.2 percent to USD 4.1 billion. Wireline voice connections declined by 652,000 in the second quarter to 23.5 million at the end of June. This includes broadband connections down by 136,000 to 15.96 million and U-verse video connections decreased by 22,000 to 5.97 million. Strategic business service revenue rose by 13 percent to USD 2.7 billion.
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.
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