Motorola Mobility has posted a loss of $86m in its first-quarter earnings for 2012. The loss is $5m deeper than the $81m loss the company made in the same quarter last year. The firm, which is on the verge of being acquired by Google, is still to post an annual profit, having recorded losses for the four years since it was established.
Indian operator Bharti Airtel saw its net profit fall 29 per cent year-on-year to INR10bn from INR14bn ($189m), during its fiscal fourth quarter of 2011. This is despite seeing its revenue grow 15 per cent to INR187.3bn, up from INR162.9bn a year earlier.
Korean vendor Samsung been crowned as the number one handset vendor, displacing Nokia after its 14-year reign.
Ericsson, AT&T, Sprint and Etisalat have all posted earnings statements for the first quarter of 2012, achieving varying levels of success.
Despite operator frustrations at the huge markups they have to pay on iPhone devices, Apple’s momentum has not been suppressed and it has once again posted sharp year-on-year increases in revenue and profit in its latest quarterly earnings.
International operator VimpelCom is to exit the Vietnamese mobile market, selling its 49 per cent share of fifth placed mobile operator Gtel Mobile for $45m. VimpelCom, which is headquartered in The Netherlands, said the stake would be bought by GTEL Transmit and Infrastructure, “a related party” of Vimpelcom’s local partner, Gtel.
Operators Verizon and TeliaSonera, as well as chipmaker Qualcomm have each posted encouraging quarterly earnings. US carrier Verizon saw a 7.7 per cent year-on-year in service revenues for 1Q12 to reach $15.4bn. Data revenues rose by 21.1 per cent, or $1.1bn, to hit $6.6 bin, and the operator also saw a 8.9 per cent increase in retail service revenues to reach $14.9bn; the highest growth rate it has seen in its retail business for three years.
Nokia has announced an operating loss of €1.34bn for 1Q12, blaming “greater than expected competitive challenges and seasonality”. The Finnish firm posted net sales of just €7.4bn, down from the €10.4bn it posted in the first quarter of last year, in which it made €439m in operating profit.
Communication service provider revenues passed the $1.91tn mark in 2011, compared to $1.79tn in 2010, due to a recovery in both fixed and mobile sectors according to figures from research house Ovum.
US carrier Sprint Nextel is facing a “very legitimate risk” of filing for bankruptcy in the next four years, according to a financial analyst firm. The warning comes from Sanford C. Bernstein analyst Craig Moffett, who said that there is a 50 per cent chance that the operator could be forced to file for protection from creditors under Chapter 11 of the federal bankruptcy code.
Apple plans to initiate a quarterly dividend of $2.65 per share and has already authorised a $10bn share repurchase programme.
Telefónica has posted a €5.4bn ($7.2bn) profit for the full 2011 financial year, almost 50 per cent less than the €10.2bn profit it recorded in 2010. The Spanish operator group has felt the impact of its workforce restructuring plans in Spain.
France Telecom has announced that revenues dropped 0.5 per cent for the full year, to just €45.3bn ($60bn) in 2011from €45.5bn in 2010. In addition, net income after tax also fell 22 per cent to just €3.8bn from €4.9bn in 2010.
Alcatel-Lucent has recorded its first-ever full-year profit since Alcatel merged with Lucent Technologies. The company made a profit of €1.1bn ($1.4bn) for the year, after generating revenues of €15.7bn. In 2010, the company made a loss of €292m and revenues were actually 1.9 per cent higher that year, standing at €15.7bn.
With a host of businesses posting quarterly earnings results today, Telecoms.com takes a look at how operators around the world are faring. Sprint Nextel, Vodafone and Telstra all posted results for the quarter ending December 31, 2011.
Japanese manufacturer NEC has announced that it will cut 10,000 jobs and is expecting to record a loss of 100bn yen ($1.3bn) for 2011. Some 3,000 positions will be lost outside its home country.
Telecoms firms reported mixed fortunes in their fourth quarter earnings results, with Samsung having reason to celebrate, Motorola Mobility reporting an average quarter and AT&T taking a huge hit.
Nokia has announced that it has made a staggering operating loss of €954m ($1.25bn) in 4Q11. The Finnish firm recorded an operating profit of €884m in the same period last year, and a -€71m loss in the third quarter of 2011. Meanwhile, revenues for the quarter drop year-on-year from €12.6m in 4Q10 to €10m.
Infrastructure giant Ericsson took a big hit in the fourth quarter of 2011, as handset venture Sony Ericsson weighed on profits and sales in the network division remained sluggish. But the company showed good recovery for the full year, notching up a 12 per cent increase in revenues year on year to SEK226.9bn (€), while profits rose 12 per cent to SEK12.6bn.
Apple has surpassed Wall Street’s expectations after doubling sales its sales figures for iPhones, iPads and Macs for the first quarter of 2012. The company posted revenue of $46.33bn, with a net profit of $13.06bn for the quarter, which ended December 31, 2011. The net profit figure exceeded rival Google’s entire revenue for the same period, in which the search giant recorded sales of just over $10bn.
The http://t.co/pQnAzLZ204 Daily is out! http://t.co/TjMjdobAJU Stories via @jobstelecoms
31 January 2015 @ 12:29:20 UTC
Alcatel-Lucent, #Vodafone #Spain claim 400Gbps over existing fibre http://t.co/zRmd4DREjp #networks #operator
30 January 2015 @ 16:51:37 UTC
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