Ooredoo announces Q4 rise in profit

Qatar based Ooredoo, the operator formerly known as QTel, has announced its fourth quarter revenues rose by 6.2 per cent to reach QAR8.71bn ($2.4bn). Net profit also increased by 14.6 per cent to QAR523m.

Telefonica full-year profits hit by write-offs

Spanish operator group Telefonica has revealed that its profit for 2012 has been hit hard as it was forced to write down the value of subsidiaries in Italy, Ireland and Venezuela earlier in the year. As a result, the firm’s full-year net profit fell by 27.3 per cent to €3.92bn.

France Telecom profit hit by impairment charge

French operator group France Telecom has seen its net income slide by 79 per cent year-on-year to €820m for the full year 2012. The firm’s profit was substantially impacted by an impairment charge of €1.841bn in 2012 on units in Poland, Egypt and Romania.

EE not capitalising on LTE monopoly

UK operator EE has posted a drop in revenue for 2012, despite being the only operator in the country to offer LTE services. The company formerly known as Everything Everywhere; created as a result of the merger of T-Mobile and Orange in the UK, saw full-year service revenue fall 2.6 per cent year on year to £5.95bn.

Telefónica takes €438m hit on Venezuelan currency devaluation

Spain’s Telefónica said late Friday that the Venezuelan Government’s recent decision to devalue its currency will result in a charge of €438m against its full year earnings for 2012. Earlier this month the South American nation reset the exchange rate from 4.3 bolivars to the dollar to 6.3 bolivars.

América Móvil reports disappointing Q4 earnings

Mexican operator group América Móvil has seen its net profit for 4Q12 drop by 8.2 per cent to 15bn pesos ($1.2bn), while revenue for the quarter fell 1.1 per cent to 198bn pesos. The firm blamed the account of the depreciation of various currencies versus the peso.

Vodafone hit by poor performance in Europe

Operator group Vodafone has announced a two per cent year on year drop in revenue for the final quarter of 2012. The group generated £11.39bn over the quarter, with the improvement in its operations in Northern Europe, where the firm generated 5.9 per cent more revenue than in 4Q11, being more than offset by a 17 per cent reduction in revenue from Southern Europe.

Apple posts flat profit as competition builds

Despite posting another quarter of sustained growth in sales, Apple’s profit remained flat in the first quarter of 2013 highlighting competitive pressure and concerns over innovation.

Global operator revenues exceed $2tn in 2012

Total global telecom operator revenue has exceeded $2tn in 2012 according to analysis published by Ovum. 60 per cent of that figure was generated by mobile operators and, although overall growth is expected to be minimal over the next five years, Ovum believes some segments will still have above-average growth over the period.

TeliaSonera CEO to invest personal fortune into MegaFon

Lars Nyberg, the president and CEO at Swedish operator group TeliaSonera, has announced that he will be investing $2m of his own money in the initial public offering of shares in Russian operator MegaFon. Nyberg, who is a member of the board of directors of MegaFon, will purchase the shares at the offer price.

European telecoms revenue falls for third consecutive year

Revenues from Europe’s telecoms sector have declined for the third year in a row, according to the trade association for the region’s operators ETNO. According to the third ETNO Annual Economic Report total revenue in Europe’s telecoms sector amounted to €274.7bn in 2011, a decrease by 1.5 per cent compared to 2010.

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.

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.

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.

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.

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.

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 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.

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.

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