Finance News Network | March 6, 2011
M2 Telecommunications Group Ltd (ASX:MTU) has boosted its full 2011 financial year net profit after tax guidance by 20 per cent to $27.3 million.
In the year to 30 June earnings before interest tax, depreciation and amortisation is also...
Bloomberg | March 4, 2011 | Laura Price
Brazil Says Raising Rate to 11.75% Part of ‘Adjustment Process’
Brazil’s central bank signaled it will raise the benchmark interest rate for a third straight meeting next month, after pushing borrowing costs yesterday to a two-year high to cool...
Kordia | February 28, 2011 | Press Release
Auckland, New Zealand: - Kordia announced today that its solid underlying trading result for the half year to 31 December 2010 has been impacted by the decision to bring Digital Switch Over (DSO) forward to 2012.
CEO Geoff...
Telefonica | February 25, 2011 | Press Release
At its General Shareholders’ Meeting, Telefónica will propose a 14.3% dividend increase for 2011, to €1.60/share, in line with the policy of increasing shareholder remuneration. The Group has set targets for 2011 with the aim of capturing growth in...
Reuters | February 21, 2011 | Guillermo Parra-Bernal and Raymond Colitt
Feb 21 (Reuters) - TIM Participacoes (TCSL3.SA)(TCSL4.SA), Brazil's third-largest wireless phone company on Monday reported net income was a higher than forecast 1.9 billion reais ($1.14 billion) in the fourth quarter, compared with 416...
Benzinga | February 17, 2011 |Ron Acoba
Now, Ayala Corporation (AC) – led Globe Telecom, Inc. or GLO in the Philippine Stock Exchange looks to be on the verge of a price meltdown until the company does something that would induce investors to get back...
Bloomberg | February 16, 2011 | The Associated Press
SAO PAULO (AP) — Spain's Telefonica plans to hold a public tender to pay up to $1 billion for outstanding common shares in Vivo, Brazil's top mobile company it already has a large stake in.
Vivo says...
Wall Street Journal | February 18, 2011 | Jose De Cordoba
MEXICO CITY—Companies controlled by Mexican billionaire Carlos Slim have decided to stop advertising through the country's biggest broadcaster, Grupo Televisa SAB.
The move by Mr. Slim, expected to cost Televisa some 4% of its advertising...
Wall Street Journal | February 17, 2011 | Mercedes Alvaro
Of DOW JONES NEWSWIRES
QUITO (Dow Jones)--Ecuador's largest cellphone company, Porta Celular, the local unit of Mexican communications giant America Movil SAB, (AMX, AMX.MX) plans to invest about $180 million during 2011 in the Andean country,...
Business News Americas | February 16, 2011
Telesp, the Brazilian fixed-line and broadband arm of Spanish telecom group Telefónica (NYSE: TEF), grew net profits 8.8% to 2.4bn reais (US$1.44bn) in 2010, the company announced in a statement.
Revenues, however, slipped 0.3% from 2009 to 15.8bn reais...
Wall Street Journal | February 10, 2011 | Gaurav Raghuvanshi
SINGAPORE—Higher revenue in its core markets of Singapore and Australia led Singapore Telecommunications Ltd. to post a small but better-than-expected increase in its fiscal third-quarter net profit.
SingTel, Southeast Asia's largest telecommunications company by revenue, said Thursday...
Bloomberg | February 10, 2011 | Robert Fenner and Chan Sue Ling
Telstra Corp., Australia’s largest phone company, posted earnings that missed estimates as it accelerated spending to win back customers from the second- ranked Optus unit of Singapore Telecommunications Ltd.
Net income fell 36 percent to...
American Banking News | February 8, 2011
Shares of Chunghwa Telecom Co (CHT) saw unusually high trading volume on Tuesday. Approximately 457,492 shares changed hands during mid-day trading, an increase of 0.89% from the previous session. The stock last traded at $30.21.
Chunghwa Telecom Co., Ltd....
BDNews24 | February 7, 2011
Bangladesh's largest mobile company has grown by over 14 percent in the last year. Profits have, however, fallen.
Grameenphone said it would have made more money if it did not have to subsidise operations.
The only mobile operator on the stock market...
International Business News | February 2011 | Alex He
China's Synacast Corporation, or PPLive, the operator the leading online TV service "PPTV", said on Thursday that Japan's Softbank has acquired a 35 percent stake into the company.
The Japanese mobile carrier acquired Synacast's stake for about...
The Australian | February 7, 2011 | Mitchell Bingemann
TELSTRA will this week reveal that the rot in its fixed telephony business has continued to drag down earnings, but analysts are more concerned with whether or not the seeds of its $1 billion turnaround strategy...
Bloomberg | February 4, 2011 | Mariko Yasu
Sony Corp. rose the most in more than a week in Tokyo trading after Japan’s largest exporter of electronics reported third-quarter profit that exceeded analyst estimates.
The stock climbed 1.8 percent to close at 2,919 yen on the...
The Edge Malaysia | February 2, 2011
KUALA LUMPUR: RHB Research Institute said Axiata’s 67%-subsidiary, XL Axiata (XL) full year FY10 core net profit of Rp 3,035 billion (+>100% on-year) came in within its but above consensus full-year estimates at 104% and 107% respectively.
It said...
* America Movil offers extends to 1.3 bln of Telmex notes
* Investors have until March 3 to swap debt (Recasts, adds amount of debt swap and deadline)
Jan 31 (Reuters) - Mexican billionaire Carlos Slim's flagship telecommunications provider America Movil said on Monday it would...
ZTE | January 28, 2011 | Press Release
(Hong Kong) – ZTE Corporation (“ZTE” or the “Group”) (H share stock code: 0763.HK / A share stock code: 000063.SZ) today announced its 2010 Preliminary Financial Results.
Applying PRC ASBEs, during the year under review, the Group's revenue...
Satmex | January 25, 2011 | Press Release
MEXICO, D.F.--(BUSINESS WIRE)--Satélites Mexicanos, S.A. de C.V. (“Satmex” or the “Company”) announced that it has reached an agreement with the holders (the “Supporting ...
NTT DoCoMo | January 26, 2011 | Press Release
Share Repurchase under the provisions of Articles of Incorporation pursuant to Article 165 (2) of the Corporation Law
TOKYO, JAPAN, January 26, 2011 --- NTT DOCOMO, INC. announced today the following outcome of its share repurchase under...
Bloomberg | January 25, 2011 | Mark Lee
Tencent Holdings Ltd. said it has set up a 5 billion yuan ($759.3 million) fund to invest in technology firms, as China’s biggest Internet company seeks to offer a wider range of services to its users.
The fund...
Wall Street Journal | January 25, 2011 | Jung-Ah Lee
SEOUL (Dow Jones)--Brisk sales of smart phones and proceeds from a stake sale helped SK Telecom Co. (017670.SE) Tuesday post a 48% jump in its fourth-quarter net profit, but South Korea's largest mobile carrier still...
