YOU ARE AT:TagsFinance

BROWSING: finance

Second quarter 2011: Steady growth and stable margins

Telenor Group | July 21, 2011 | Press Release In the second quarter of 2011, Telenor Group reported revenues of NOK 24,4 billion, representing an organic revenue growth of 7%. EBITDA before other items was NOK 7.5 billion, EBITDA margin was 31 per cent, and...

TeliaSonera January-June 2011

TeliaSonera | July 20, 2011 | Press Release A united TeliaSonera shows stronger profitability Second quarter Net sales in local currencies and excluding acquisitions increased 3.0 percent. In reported currency, net sales decreased 4.3 percent to SEK 25,894 million (27,065). The addressable cost base in local currencies and...

Regrouping of Nokia quarterly and full year 2010 and first quarter 2011 results

Nokia | July 19, 2011 | Press Release Espoo, Finland - Nokia today provided historical results for its Devices & Services business, regrouped for comparability purposes according to the new reporting format that reflects the operational structure that became effective on April 1, 2011. The historical...

Nokia basic phones more profitable than smartphones

Reuters | July 19, 2011 | Hans-Juergen Peters Reporting by Helsinki Newsroom - Nokia's basic phones generate much better operating profits than its smartphone lineup, the Finnish mobile phone company said on Tuesday when it unveiled regrouped past business results. Read the full article via Reuters

HTC Falls for Second Day in Taipei After Apple Patent Case

Bloomberg-Businessweek | July 13, 2011 | Weiyi Lim HTC Corp. shares fell for a second day after Asia’s second-largest maker of smartphones was accused of infringing Apple Inc. patents in a case that may halt U.S. imports of the Taiwanese company’s phones and...

Nokia and Siemens complete process of reviewing private equity interest in Nokia Siemens Networks, reaffirm commitment to company

Nokia Siemens Networks | July 13, 2011 | Press Release Nokia Siemens Networks confirmed today that a review for assessing private equity interest in the company had been completed. “We believe that the current shareholders are in the best position to further enhance the value of...

TeliaSonera’s Interim Report January – June 2011

TeliaSonera | July 12, 2011 | Press Release TeliaSonera’s Interim Report January – June 2011, will be announced on Wednesday, July 20, 2011 at around 7:15 (CET) and a presentation will be available at www.teliasonera.com (http://www.teliasonera.com/) before the press and analyst conference. For more information click here...

HTC down after Apple's new patent lawsuit

Reuters | July 11, 2011 | Clare Jim Shares in the world's No.5 handset maker, HTC Corp, tumbled more than 4 percent on Tuesday, after Apple Inc sued the company in a fresh complaint with a U.S. trade panel. Read the full article...

Elpida to launch rights issue, CB for JPY79.7 billion

DigiTimes | July 12, 2011 | Josephine Lien, Jessie Shen Japan-based DRAM maker Elpida Memory has approved plans to raise up to JPY79.67 billion (US$994 million), including a rights issue and convertible bonds (CBs). The funds raised will go towards equipment upgrades...

Chunghwa Telecom posts 1H11 profit

DigiTimes | July 12, 2011 | Chloe Yu, Adam Hwang Chunghwa Telecom (CHT) on July 11 reported net profit of NT$4.278 billion (US$148 million) for June 2011, resulting in January-June net earnings per share (EPS) of NT$3.20. Read the full article here via DigiTimes...

Samsung, other Asian tech shares tumble on earnings worries

Reuters | June 17, 2011 | Hyunjoo Jin and Jungyoun Park SEOUL (Reuters) - Samsung Electronics and other Asian technology stocks tumbled on Friday on fears the sputtering global economy will crimp demand for computers and TVs and hurt earnings at chip and panel makers for...

Telstra sees sense in Sensis ad merger

The Australian | June 15, 2011 | Simon Canning CONTINUING pressure on margins has forced Telstra to merge its online advertising sales business, Sensis Digital Media, with BigPond Advertising and Telstra Classifieds -- a move analysts say has been a long time coming. Sensis Digital Media...

S.Korea announces major push to pay-by-phone services

Reuters | June 13, 2011 | Miyoung Kim (Reuters) - South Korea plans to install or upgrade 300,000 mobile payment checkouts at major retailers and transport services this year in its latest push in the potentially lucrative market as the likes of Google Inc and Apple Inc...

Sistema Shyam TeleServices Ltd Announces Financial Results for the First Quarter Ended March 31, 2011

Sistema Shyam TeleServices | June 7, 2011 | Press Release Sistema Shyam TeleServices Ltd. (SSTL), which operates its telecom services under the MTS brand in India, today announces its unaudited consolidated US GAAP financial results for the first quarter ended March 31, 2011. Key Financial &...

Citi's Banamex Says America Movil Share Selloff Overdone

WSJ | June 7, 2011 | Anthony Harrup MEXICO CITY (Dow Jones)--Citigroup unit Banamex said the selloff this year in shares of Mexican telecommunications giant America Movil SAB (AMX, AMX.MX), which faces increasing regulatory pressure and stepped up competition, has been overdone and represents a good...

Ecobank and Bharti Airtel Join Forces to Promote Mobile Banking Across Africa

Ecobank | June 6, 2011 | Press Release Ecobank Transnational Incorporated ("Ecobank"), the leading pan-African banking group, and Bharti Airtel ("Airtel"), a leading global telecommunications company, have signed a Memorandum of Understanding ("MOU") to promote mobile banking services across Africa. Under the terms of the MOU,...

KT aims to earn 45 pct of revenue from "non-telecom" biz by 2015

Reuters | May 26, 2011  | Hyunjoo Jin (Reuters) - KT Corp , South Korea's top telecom firm, said on Thursday that it and its affiliates aimed to generate nearly half of their revenues from "non-telecom" areas by 2015, up from 27 percent last year. ..... Read full...

The pursuit of cash and disruption on mobile

Money is an easy thing to want to be in business with -- I mean actual money. The carriers, banks, credit card companies and startups like Square Inc. are aiming for what many are predicting to be the next big channel for financial transactions....

Brazil disposals lift Portugal Telecom

Financial Times | May 26, 2011 | Peter Wise Portugal Telecom lifted first-quarter net profit by 29.3 per cent to €129.7m ($182m), higher than market forecasts, as the country’s dominant telecoms provider continued to benefit from its large-scale disposals in Brazil. ..... Read full article here via Financial Times

Tycoon Clash Means Less Money for Mexico Billionaires as Consumers Benefit

Bloomberg | May 24, 2011 | Crayton Harrison An escalating confrontation between Carlos Slim and two fellow billionaires is driving prices lower for phone, Internet and TV services inMexico, a boon for consumers that could boost the nation’s economy. ..... Read full article here via Bloomberg

BSNL may court private equity funds for tower unit

Business Standard | May 24, 2011 | Mansi Taneja Bharat Sanchar Nigam Ltd (BSNL) is planning to rope in private equity investors, including telecom companies, to pick up stake in a new company that will be floated by hiving off the state-run telecom major’s towers. This is...

Telefonica's revenues rose 10.8% in the first quarter of 2011 and the group confirms full-year guidance

Telefonica | May 13, 2011 | Press Release The Company’s commercial focus on higher-value customers led to an 6% increase in the customer base to 290 million accesses,  with significant improvements in the contract mobile segment and growth businesses TELEFÓNICA’S REVENUES ROSE 10.8% IN THE FIRST QUARTER OF 2011...

2nd UPDATE: Tel Italia Confirms View Despite Suffering At Home

Wall Street Journal | May 6, 2011 | Giada Zampano ROME (Dow Jones)--Telecom Italia SpA (TI) Friday confirmed its full-year targets despite a sharp fall in first-quarter net profit, as a strong performance in Brazil and Argentina failed to offset continued weakness in its domestic...