VEE has posted a year on year drop in revenue for the first quarter of 2014

BT sees 13% drop in profit but strong fibre adoption

UK incumbent BT has reported a 13 per cent drop in year on year profit for the first half of 2013. Compared to 2012, the firm’s income fell to £948m in the half year ending September 30, while revenue dropped just one per cent to £8.94bn.

The number of smartphones shipped in 3Q13 has grown 45 per cent year on year

Global smartphone shipments grow 45 per cent

Global smartphone shipments grew 45 per cent annually to reach a record 251 million units in the third quarter of 2013, according to research published today. Samsung captured a record 35 percent share of all smartphone volumes worldwide, while Huawei jumped into third place in the rankings, reported research firm Strategy Analytics.

Apple has posted flat profit for 1Q14, year on year

Apple shifts 33.8mil iPhones in third quarter

For the three months ending September 30, Apple posted quarterly revenue of $37.5bn up from $36bn year on year and quarterly net profit of $7.5bn, down on the $8.2bn the firm generated in the same quarter last year. Gross margin was 37 per cent compared to 40 per cent in the year-ago quarter.

Johan Dennelind, CEO at TeliaSonera

TeliaSonera offsets revenue decline with cost cutting measures

Swedish operator group TeliaSonera has suffered a slight decline in revenue for 3Q13. However, this was offset by cost cutting measures which saw the firm decrease its cost base by 3.9 per cent. As a result, although net sales fell to SEK25.4bn ($3.97bn), profit rose to 15.1 per cent to SEK 4.64bn, up from SEK4.03bn in 3Q12.

Verizon Wireless has posted a 4.8 year on year increase in revenue for 1Q14, as well as a 15.1 per cent increase in operating income

Verizon grows wireless revenue

US operator Verizon has announced an 8.4 per cent year on year increase in service revenues to its wireless business for 3Q13, generating $17.5bn for the quarter and a 33.8 per cent operating income margin. Total revenues for the firm were $20.4 billion in third-quarter 2013, up 7.2 per cent year on year.

has announced an unaudited operating loss of NT$1.56bn (US$51.9m) and net profit after tax of NT$0.31bn for 4Q13, missing analyst expectations

HTC posts first ever quarterly loss

Taiwanese smartphone manufacturer HTC has posted its first ever quarterly loss. The firm made a net loss before tax of NT$2.97bn ($100m) for 3Q13. Revenue stood at NT$47.05bn.


Vodafone settles tax dispute with HMRC

British operator group Vodafone has claimed its tax policy is fully compliant with the law after it emerged the company had paid a settlement worth millions of pounds to HMRC over tax returns at an Irish subsidiary.

Telenor has seen its revenue in 1Q14 grow 7.2 per cent year on year to reach NOK26.5bn ($4.48bn), up from NOK24.7bn in 1Q13

NSN posts rise in profit, drop in sales

Network infrastructure vendor Nokia Solutions and Networks (NSN) has seen its net sales drop by almost 15 per cent year on year to €2.76bn from €3.23bn in 2Q12 in the second quarter 2013.

Verizon Wireless has posted a 4.8 year on year increase in revenue for 1Q14, as well as a 15.1 per cent increase in operating income

3UK triples half-year operating profit

The UK arm of operator group Hutchison Whampoa said it has more than tripled its operating profit year on year during the first half of 2013. 3UK generated £86m in the first half of 2013, a 231 per cent increase on the £26m it pocketed in the first half of 2012.

US operator T-Mobile USA is offering 200MB of free LTE data each month to tablet users across the States, even if they are not already a T-Mobile subscriber.

Sprint sees $874m quarterly operating loss

US operator Sprint has posted an operating loss of $874m for the quarter ended June 30, 2013. The figure takes into account non-cash charges of $623m related to the shutdown of the Nextel iDEN platform. Accelerated depreciation of assets also accounted for approximately $430m of the loss.

Microsoft's Surface tablet

Microsoft takes $900m hit on Surface tablets

Microsoft’s foray into the hardware market is not going smoothly as it revealed in its quarterly results that it has taken a $900m charge related to inventory adjustments for its Surface RT tablet. The charge had an impact of $0.07 per share, the firm added.

Vodafone's group service revenue fell 3.5 per cent

Vodafone sees sales dip

Operator group Vodafone’s service revenue dropped by 3.5 per cent year on year in the quarter ended 30 June 2013. Service revenue from Europe dropped significantly; operations in Italy saw sales drop 17.6 per cent, while Spanish revenue dropped by 10.6 per cent, taking revenue from Southern Europe to £2.27bn.

NSN posts Q2 results

NSN sees drop in sales

Infrastructure vendor Nokia Siemens Networks (soon to be just Nokia) reported a year on year drop in sales of 17 per cent for 2Q13. Revenue generated by the firm dropped to €2.78bn from €3.34bn in the same period last year.

Jan Frykhammar, CFO, Ericsson

Ericsson CFO sees strong performance from radio business

Infrastructure vendor Ericsson has reported year on year flat sales in 2Q13, generating SEK 55.3bn. Operating income grew from SEK 2.1bn in 2Q12 to SEK 2.5bn, while operating margin grew from 3.8 per cent to 4.5 per cent.

Vodafone's shareholders have approved the sale of its stake in Verizon Wireless

Telkom South Africa writes down assets to tune of $1.2bn

South African operator Telkom has written down the value of its assets by R12bn ($1.2bn) following a review by its board. The operator said the decision to revalue it’s assets is important in enabling it to become competitive and efficient.

VEE has posted a year on year drop in revenue for the first quarter of 2014

Vodafone sees 90 per cent drop in full year profit

Operator group Vodafone has seen a 90 per cent year on year drop in profit for the full year ended March 2013. The operator posted a profit of just £673m, down from £7bn a year earlier, hit hard by a £7.7bn impairment charge in Italy and Spain over the course of the year.

Facebook grows mobile engagement and revenue

Social networking site Facebook has seen a rise in revenue and profit year on year in the first quarter of 2013. The firm revealed that mobile advertising revenue represented 30 per cent of all advertising revenue for the quarter compared with 23 per cent in 4Q12.


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