• Techloy news ticker

MTN Group raises FY subscriber growth forecast

(Telecompaper) MTN Group has raised its full-year subscriber guidance, saying that it plans to add 17.5 million net subscribers this year, compared with previous guidance of 17.25 million. It said growth in its domestic South African market helped offset contraction in its largest market, Nigeria. The MTN customer base grew 2 percent to 219 million in the three months to September. Performance was hit by continued aggressive competition and stringent regulatory requirements, CEO Sifiso Dabengwa said. The improved outlook is based on improved customer growth in South Africa, Cameroon and Iran, offset by weaker results in Nigeria. 

Read the full post →

Kenya: Airtel adds tax payments to mobile money service

Airtel Kenya has inked a partnership with the Kenya Revenue Authority (KRA). The partnership will allow Kenyan citizens the opportunity to pay their taxes through the Airtel Money service. According to Airtel, it will now allow customers across the country to inquire for KRA services, generate KRA payment reference numbers and make quick payments through

Read the full post →

Liberty Global creates tracking stock for LatAm, Caribbean

(Telecompaper) Cable group Liberty Global has decided to establish a tracking stock for its operations in Latin America and the Caribbean (the LiLAC Group) in order to highlight the value of its operations in the region and create attractive “pure-play…

Read the full post →

Telekom Austria confirms plans for capital increase

(Telecompaper) Telekom Austria has confirmed plans to hold a capital increase by the end of the year. The operator received approval from shareholders in August to raise up to EUR 1 billion in a share sale. Further details of the offering will be announced later. Telekom Austria confirmed the news alongside its third-quarter results, which showed continued pressure from the weak economy and regulation in central and eastern Europe. Revenues showed an improvement, rising 1.2 percent year-on-year to EUR 1.05 billion in Q3, thanks to growth in Belarus and Croatia and a smaller decline in Austria. Cost reductions in its home market helped adjusted EBITDA rise 15.8 percent to EUR 415 million, and net profit more than doubled to EUR 123 million from EUR 51 million a year ago. Profit benefited from lower restructuring charges as well as a one-time gain of EUR 26.8 million from the merger of Mobilkom liechtenstein with Telecom Liechtenstein. Telekom Austria said it will continue to focus on cost control and convergence to drive revenue growth. It maintained its outlook for an around 3.5 percent fall in revenue this year. Capital expenditure is expected at EUR 650-700 million, after EUR 473 million in the first nine months, and the group will pay a dividend of EUR 0.05 per share. 

Read the full post →

Nokia raises FY margin outlook after strong Q3

(Telecompaper) Nokia reported strong improvement in third-quarter results, driven by new LTE contracts in North America and China. Net sales rose 13 percent year-on-year to EUR 3.32 billion, and adjusted operating profit was up 33 percent to EUR 457 million. Net profit increased to EUR 760 million from EUR 138 million, and adjusted EPS rose 50 percent to EUR 0.09. The bottom line was impacted by a charge of EUR 1.2 billion to write down the value of goodwill at the location services unit Here. This was offset by a one-time benefit of EUR 2.1 billion on deferred tax assets in Finland and Germany. The strong operating results led to an upgrade in the outlook for Nokia Networks. The company now expects an annual operating margin of around 11 percent, versus its previous forecast for the high end of its long-term target range of 5-10 percent. The margin was 13.5 percent in Q3 and 11.5 percent over the first nine months of the year. The forecast is based on a high proportion of mobile broadband sales in Q3 and an expected higher proportion of service revenues in Q4. 

Read the full post →

AT&T lowers FY revenue outlook

(Telecompaper) AT&T has lowered its annual revenue growth outlook to 3-4 percent, from 5 percent previously. The company blamed the downgrade on divestments, such as its Connecticut wireline assets sold to Frontier, an exit from low-margin wireline wholesale businesses and fewer customer additions for AT&T Next, its handset upgrade programme. For the third quarter, the US operator posted revenues up 2.5 percent year-on-year to USD 33.0 billion. Operating profit fell to USD 5.4 billion from USD 6.2 billion a year ago, hurt by higher costs for the integration of Leap and Alltel and the proposed takeover of DirecTV. Excluding these costs, the operating margin was 17.2 percent. Net profit fell to USD 3.0 billion or 58 cents a share, from USD 3.8 billion or 72 cents a share a year ago. Adjusting for USD 0.03 of the previously mentioned merger and integration-related expenses and USD 0.02 of costs for early debt redemption, EPS was USD 0.63, compared to USD 0.66 in the year-ago quarter. Cash from operating activities totaled USD 8.7 billion in the third quarter, and capital expenditures reached USD 5.2 billion.

Read the full post →

Orange slows fall in revenues, maintains outlook

(Telecompaper) Orange reported third-quarter results in line with its full-year outlook, citing a better underlying revenue and customer growth trend. Revenues were down 3.5 percent year-on-year to EUR 9.805 billion. On a comparable basis, excluding regulatory effects, the drop was only 1.4 percent. Sales in its home market France were down 2.6 percent on an underlying basis to EUR 4.826 billion, Spain fell 5.0 percent to EUR 977 million, and Poland declined 2.8 percent to EUR 730 million. The rest of the world grew by 2.2 percent to EUR 1.808 billion, while Enterprise revenues were down 1.7 percent to EUR 1.525 billion. Orange said the performance was better than previous quarters, mainly due to improvements in France, Belgium and Enterprise. The operators adjusted EBITDA fell 3.6 percent year-on-year to EUR 3.245 billion and was down just 0.9 percent on a comparable basis excluding regulatory effects. Capital expenditure rose 1.1 percent year-on-year to EUR 1.307 billion or 13.3 percent of revenue. The group confirmed its target for adjusted EBITDA of EUR 12.0-12.5 billion over the full year and a stable margin. The annual dividend is still expected at EUR 0.60 per share, with an interim payment of 20 cents in December. 

Read the full post →

AT&T’s U-verse gains help to ease legacy losses in Q3

AT&T’s U-verse services drove up consumer wireline revenue growth 3 percent year-over-year to $5.7 billion and helped to cushion the blow of legacy consumer and business service losses.

Read the full post →

Online video: Charting the struggles and failures

While YouTube, Hulu and Vimeo have enjoyed success in the online video market, other providers like Redbox and Justin.tv have not been as lucky. Samantha Bookman, editor of FierceOnlineVideo, examines why a number of players have tried and failed…

Read the full post →

Integra adds DDoS mitigation service to its growing security service arsenal

Integra is bolstering its growing security portfolio by introducing a DDoS Mitigation Service that it says can automatically monitor network traffic to detect and mitigate distributed denial-of-service (DDoS) threats at the network edge.

Read the full post →
More posts
?