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Amazon raises Q4 sales 22% to USD 21.3 billion
2013-01-30 08:25:00| Telecompaper Headlines
(Telecompaper) Amazon grew its turnover 22 percent to USD 21.27 billion in the fourth quarter of 2012, and its operating profit by 56 percent to USD 405 million. Operating margin growth in North America was partly driven by higher sales on its website by third parties, accounting for 39 percent of units purchased in the period. Net profit fell by 45 percent to USD 97 million in the fourth quarter. Company founder and CEO Jeff Bezos said the eBooks category grew by around 70 percent in 2012, while physical book sales only rose by 5 percent, the slowest December growth rate since Amazon opened for business 17 years ago. The company still built 20 warehouses last year. Amazon anticipates sales of USD 15-16.6 billion in the first quarter, up by 14-26 percent year-on-year. It expects to report a figure between an operating loss of USD 285 million and an operating profit of USD 65 million, compared to a USD 192 million operating profit in the first quarter of 2012.
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AT&T quarterly revenues flat at USD 32.6 billion
2013-01-25 08:18:00| Telecompaper Headlines
(Telecompaper) AT&T reported a loss of USD 0.68 per share for the fourth quarter, hurt by one-time charges for pensions. Excluding one-time items and the sale of its advertising unit, EPS rose 10 percent to USD 0.44. Revenues edged up 0.2 percent to USD 32.6 billion, and AT&T said they were up 2.8 percent excluding the divestment and the impact from Superstorm Sandy. Adjusted operating profit was little changed year-on-year at USD 4.2 billion, and the margin was at 12.9 percent. Over the full year, AT&T grew operating cash flow to USD 39.2 billion, up from USD 34.7 billion in 2011. Capital expenditures fell slightly, to USD 19.7 billion from USD 20.3 billion, but included a 10.6 percent increase in mobile-related spending. For 2013, AT&T forecast revenues up over 2 percent, led by mobile and the fixed consumer activities; EPS growth in the upper-single digits or higher; stable margins, with higher profitability in mobile offsetting its Project VIP investments; capital spending of around USD 21 billion with LTE coverage expanded to over 250 million people; and free cash flow of over USD 14 billion.
Cisco to acquire SON specialist Intucell for USD 475 mln
2013-01-23 16:14:00| Telecompaper Headlines
(Telecompaper) Cisco announced its intent to acquire privately held Intucell. Headquartered in Israel, Intucell provides advanced self-optimising network (SON) software, which enables mobile carriers to plan, configure, manage, optimise and heal mobile networks automatically, according to real-time changing network demands. Upon the close of the acquisition, Intucell employees will be integrated into Cisco's Service Provider Mobility Group, reporting to Shailesh Shukla, vice president and general manager, Software and Applications Group. Under the terms of the agreement, Cisco will pay USD 475 million in cash and retention-based incentives to acquire the entire business and operations of Intucell.
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AT&T to acquire rest of Alltel for USD 780 mln
2013-01-22 20:54:00| Telecompaper Headlines
(Telecompaper) AT&T has signed an agreement with Atlantic Tele-Network (ATNI) to acquire the company's US retail wireless operations, operated under the Alltel brand for USD 780 million in cash. Under the terms of the agreement, AT&T will acquire wireless properties, including licenses, network assets, retails stores and approximately 585,000 subscribers. The acquisition includes spectrum in the 700 MHz, 850 MHz and 1900 MHz bands and is largely complementary to AT&T's existing network. ATNI currently operates a retail CDMA network for its subscribers in these areas. AT&T expects integration costs for network conversion from CDMA will not result in significant dilution to EPS or impact to cash flow. The transaction is subject to review by the Federal Communications Commission and the Department of Justice and to other customary closing conditions and is expected to close in the second half of the year.
AT&T takes USD 10 bln pensions charge, sees margin pressure
2013-01-18 09:01:00| Telecompaper Headlines
(Telecompaper) AT&T announced that it will take a USD 10 billion charge in the fourth quarter 2012 for its pensions obligations. The non-cash, pre-tax charge results from a reduction in the assumed discount rate to 4.3 percent, resulting in an actuarial loss of approximately USD 12.0 billion. This was partially offset by an asset gain of USD 1.9 billion. Due to the continued uncertainty in the securities markets and US economy, the operator lowered its expected long-term rate of return on asset assumption to 7.75 percent. In a SEC filing, the US operator also reported fourth-quarter smartphone sales of approximately 10.2 million devices. Due to the high subsidies on these devices, AT&T said it expects pressure on operating income, margins, and earnings per share in the fourth quarter of 2012. In addition, storms, including Superstorm Sandy, are expected to reduce Q4 operating profit by around USD 175 million, impacting especially the Wireless division. AT&T will report full quarterly results on 24 January.
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