• Techloy news ticker

Ethiopia: Mahindra Comviva partners with Ethio Telecom

Mahindra Comviva has inked a partnership with Ethio Telecom for its PreTUPS electronic recharge solution. Mahindra Comviva will enable the transition of 29.4 million Ethio Telecom customers from the traditional voucher-based recharge system to next generation electronic top-ups. The transition is part of Ethio Telecom’s strategic plan to expand its infrastructure’s capacity to accommodate 59

Read the full post →

Qualcomm lowers outlook on order woes, competition in China

(Telecompaper) Qualcomm said revenues for its fiscal first quarter to 28 December rose 7 percent from the year earlier to USD 7.1 billion, with the operating profit jumping 38 percent to USD 2.1 billion, the net profit going 7 percent higher to USD 2.0…

Read the full post →

LG grows smartphone shipments 18% in Q4

(Telecompaper) LG Electronics announced a net loss of KRW 205.7 billion (USD 189.4 million) for the fourth quarter, hurt by a write-off for the closure of its plasma TV operations. Operating profit was still up 28 percent year-on-year to KRW 275.1 bill…

Read the full post →

TeliaSonera revenues slow in Q4 on weak Eurasian markets

(Telecompaper) TeliaSonera reported fourth-quarter organic sales down 2.2 percent, hurt by weak economic conditions in its markets in Eurasia. Reported revenues were up 0.2 percent from a year earlier to SEK 26.61 billion, helped by currency effects. Adjusted EBITDA was down 3.5 percent excluding currency effects and fell 1.4 percent on a reported basis to SEK 8.60 billion. The margin dropped to 32.3 percent from 32.9 a year ago. TeliaSonera still increased net profit, by 34.2 percent to SEK 2.94 billion in the quarter, despite SEK 2.2 billion in impairment charges on the Eurasian assets. Over the full year, organic sales fell 1.8 percent, and the operator maintained its adjusted EBITDA margin at 34.9 percent, in line with its outlook. TeliaSonera also kept its dividend unchanged at SEK 3.00 per share, equal to a pay-out of 90 percent of net profit. For 2015, the operator again targets stable EBITDA excluding currency or M&A effects, at least the same dividend and capital expenditure of around SEK 17 billion excluding spectrum and licence fees, compared to SEK 15.3 billion in 2014.

Read the full post →

Samsung net profit falls 26.7% in Q4

(Telecompaper) Samsung Electronics reported a fall in fourth-quarter net profit to KRW 5.35 trillion from KRW 7.30 trillion a year earlier. Operating profit dropped to KRW 5.29 trillion from KRW 8.31 trillion, and revenues declined to KRW 52.73 trillio…

Read the full post →

Nokia Q4 revenues up 9%, underlying profit grows 28%

(Telecompaper) Nokia reported fourth-quarter revenues up 9 percent year-on-year to EUR 3.80 billion. Adjusted operating profit rose 28 percent to EUR 524 million, while EPS was still down 58 percent to EUR 0.08. Nokia reported revenue growth across all…

Read the full post →

Facebook revenues grow by 49% in Q4

(Telecompaper) Facebook reported fourth-quarter revenues rose 49 percent to USD 3.85 billion from USD 2.59 billion the prior year. Revenue from advertising was USD 3.59 billion, up 53 percent, and mobile represented approximately 69 percent of advertising revenues, up from 53 percent a year ago. Payments and other fees revenue rose 7 percent to USD 257 million. Operating profit was unchnaged year-on-year at USD 1.133 billion, and net income grew to USD 701 million or USD 0.25 per share, from USD 523 million or USD 0.20 per share a year earlier. After free cash flow of USD 1.07 billion in the quarter, Facebook finished the year with cash of USD 11.20 billion. Daily active users (DAUs) for December 2014 increased 18 percent to 890 million on average, and mobile DAUs were up 34 percent to 745 million. Monthly active users (MAUs) rose 13 percent to 1.39 billion in December, and mobile MAUs increased 26 percent to 1.19 billion. 

Read the full post →

WOW! Business buys conduit to bring fiber to additional 38 Chicago buildings

WOW! Business is enhancing its reach in Chicago’s central business district by purchasing fiber conduit located along Wacker Drive.

Read the full post →

AT&T Mobility CMO sets sights on creating value, not just low-priced services

Whether it’s integrating wireless with the home, the car or a business, AT&T Mobility says its focus is on creating value for users and less about battling competitors like T-Mobile US and Sprint on just price. Phil Goldstein, editor of FierceWireless, talked to AT&T Mobility CMO David Christopher during the recent Consumer Electronics Show (CES) about rising competition in the wireless market, as well as opportunities in the connected car and the home automation markets.

Read the full post →

Juniper’s Q4 revenues drop 14% on slow carrier spending but beat analyst expectations

Juniper reported that fourth-quarter 2014 revenues dropped 14 percent year-over-year to $1.1 billion due to its key service provider customers AT&T and Sprint tightening spending on new equipment and projects.

Read the full post →
More posts
?