VimpelCom Logo

VimpelCom Q3 profit up 185 per cent

International operator Vimpelcom Ltd, the flagship operation of which is Russia’s third largest mobile operator, has reported a year on year increase of 185% for its Q3 profit. Despite group revenues for the quarter dropping 6 per cent year on year to $5.75bn, Vimpelcom’s profits leapt to $538m.

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

Deutsche Telekom records €6.9bn loss in Q3

Despite seeing flat revenues year on year, German operator group Deutsche Telekom posted a net loss of €6.9bn ($8.8bn) in 3Q12. The loss was attributable to charges incurred by T-Mobile USA.

Revenue from Latin America now accounts for 49 per cent of Telefonica's overall turnover

Telefónica sees more revenue from LatAm than Europe

Spanish operator group Telefónica has seen its revenue from Latin America overtake the revenue generated in Europe for the first time in its history. In its earnings announcement for the first three quarters of the year, the group said that sales in Latin America grew 5.9 per cent and now represent 49 per cent of the company’s total turnover.

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

Third quarter earnings round-up

The industry’s big hitters have finished their doing their sums and counting their cash for another quarter and revealed just how they have performed over the quarter gone by. Apple, as per usual, posted a strong growth in profit, and was joined by America Movil, which did the same. Ericsson and NTT DoCoMo, had bad news to report.

optic fibre

Corning looking to downsize following tough quarter

Smartphone touch screen manufacturer and optical fibre specialist Corning, which counts Apple among its biggest customers, has warned that it could reduce its headcount, blaming the weak economy for it performing short of expectations.

NSN's annual increased from -€300m in 2011 to -€799 in 2012

Telenor posts stable results for Q3

Norwegian operator group Telenor has seen a three per cent increase in organic revenue, during 3Q12. Revenue stood at NOK25.25bn ($4,39bn), up from NOK24,63bn in the same period a year earlier. Adjusted operating profit also grew year on year, from NOK5.36bn to NOK4.49bn.

Facebook records Q3 loss depite improvements in mobile advertising and usage

Facebook posts $59m net loss in Q3

Social networking site Facebook has posted a $59m net loss for 3Q12, which it has attributed to high taxation. The loss was made despite revenue increasing by 32 per cent year on year from $954m to $1.26bn, as the firm stepped up its efforts in mobile advertising.

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

KPN sees Q3 profit drop by a third

Dutch operator group KPN has seen its quarterly net profit fall by 32 per cent year on year, and has blamed increased competition in the German market as a key factor for its poor performance. The operator recorded net profit of €250m for 3Q12, compared with the €368m it made in 3Q11. This was despite revenue falling by a comparatively modest 6.5 per cent year on year, from €3,256m to €3,044m.

Elop is set to receive $25m for overseeing the sale of Nokia - around 70 per cent of which will be paid by Microsoft

Nokia playing for survival after another loss-making quarter

Struggling handset maker Nokia has posted its fifth consecutive quarterly loss. The firm recorded an operating loss of €576m for the quarter ending September 30, 2012. The loss dwarfs the €71m loss the firm posted in the same period in 2011. Net sales also dropped 19 per cent year-on-year from €8.98bn to €7.24bn

The move should spur TDD-FDD integration

China Mobile under pressure from OTT and increased competition

The world’s largest mobile operator, China Mobile, has reported first half net profit of $9.76bn on operating revenues of $41.86bn. But in a statement the firm said that competition in the Chinese market – from peers as well as internet players – is intensifying. The growth potential in “traditional telecoms services” is shrinking in China, it said.

KPN is looking to streamline in the face of challenging market conditions

Lack of interest scuppers KPN’s Base sale

Dutch incumbent KPN has called off the sale of its Belgian subsidiary Base after failing to receive a high enough offer. The firm said Wednesday morning that the sale was discontinued because “current difficult market conditions are reflected in unsatisfactory non-binding offers for Base.” KPN announced plans to sell the operation in June. It is also looking to divest German operation E-Plus.

AT&T has reported a 3.6 per cent growth in consolidated revenues in 1Q14, claiming it is the strongest revenue growth the firm has seen in more than two years

Operators perform well, Samsung in record breaking quarter, Facebook stumbles on debut

The industry’s big names are continuing to post their quarterly earnings this week, and American operators Sprint and America Movil, as well as Middle Eastern operator group Etisalat, shared somewhat encouraging results. Meanwhile, Samsung recorded its best ever profit for a quarter but Facebook had bad news in its first ever earnings statement.

NSN's annual increased from -€300m in 2011 to -€799 in 2012

Big profits from Apple, big margins from AT&T

Apple once again posted huge financials, with the iPhone and iPad maker hitting quarterly revenue of $35bn and quarterly net profit of $8.8bn for the quarter ended June 30, an increase on the $28.6bn revenue and $7.3bn profit that it recorded in the same period last year.

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

Dutch operator KPN sees drop in profit

Dutch operator group KPN has announced that its net profit for the first half of 2012 has fallen by a staggering 40 per cent. The figure stood at €603m ($729m), compared to the €1.01bn the firm recorded in 1H11. Revenue from the half dropped by 2.2 per cent to €6.38bn compared with the €6.52bn the firm generated in the same quarter a year earlier.

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

Vodafone down, Verizon up, Microsoft makes loss, Google strong as usual

It’s quarterly results time again, with Vodafone, Verizon, Microsoft and Google reporting varying degrees of success for the quarter ended June 30.

Operator group Vodafone reported almost flat revenues for the quarter, climbing by just one per cent, to reach £10.8bn ($17bn).

Microsoft has announced that its acquisition of Nokia’s devices and services business is complete

Nokia posts huge 2Q loss

The decline of the once largest handset manufacturer in the world, Nokia, is showing little sign of abating as the firm posted a net loss of €1.41bn in the second quarter quarter of 2012. The loss is almost four times as much as that made by the Finnish firm in the same quarter a year earlier (€368m loss). The firm also saw a 19 per cent year-on-year drop in net sales, down to €7.54bn from €9.28bn in 2Q11.

Blackberry has reported a $5.87bn loss for the fiscal year ended March 1st 2014

Ericsson sees 63 per cent drop in Q2 profit

Swedish equipment vendor Ericsson has seen its profit drop 63 per cent year-on-year in 2Q12. The bottom line figure stood at SEK1.2bn ($171m), compared with SEK3.2bn in the same period a year earlier. Notably, in 1Q12, the firm recorded $8.8bn in profit.

Nokia HQ

Nokia worries deepen ahead of quarterly results

Finnish phone manufacturer Nokia will shut down two of its four regional sales offices in China as part of its restructuring plans. The news comes in the same week that the firm has slashed the price of its flagship Lumia handset, and the news does not bode well for the company’s 2Q12 earnings announcement, due to be held on Thursday.

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

ZTE gives first-half profit warning

Chinese infrastructure vendor ZTE has warned that its first half profit is on course to drop up to 80 per cent in 2012, blaming reduced investment income, losses from foreign exchange and a drop in domestic revenue. The Shenzhen firm said that its first-half net income for the year may be between 154m yuan ($24m) and 308m yuan, in a Hong Kong stock exchange filing. The firm recorded an income of 769.3m yuan in the same period last year.


What will be the most important 5G technology?

Loading ... Loading ...