financials

Huawei boasts 30% growth in sales revenue

Chinese kit vendor Huawei has announced its first half 2015 sales results, laying claim to a growth in sales revenue of CNY 175.9billion ($28.32bn), an increase of 30% year-on-year.

Telecom Italia reports first profit since 2010

Telecom Italia has posted its 2014 full year results showing the telco achieved profits for the first time in three years. This follows the operator’s recently announced three-year strategic plan, under which it plans to invest some €14.5 billion to modernise its network infrastructure.

Ericsson reports flat 2014 revenues

Ericsson has reported its last quarter and full year results for 2014, revealing flat annual revenues across all of its business segments, and lower than expected Q4 sales. The Swedish equipment vendor said revenue growth was stalled by lagging North America sales.

Sprint Q2 results disappoint, plans to axe 2,000 jobs

Amid announcing disappointing second quarter results, Sprint has stated plans to cut operating costs by $1.5 billion including cutting the workforce by 2,000. The carrier, which reported an operating loss of $192 million, said it expects to save $400 million through the job cuts.

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