Paraguay’s wireless operators reached U.S.$466 million (2.067 billion guaraníes) in sales during the first half of 2012, a growth of 19.5% over the cumulative sales of the same period of 2011.
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According to data from Paraguay's...
The Brazilian telecom Grupo Oi reported a second-quarter drop in its net income of U.S.$31.23 million (R$64 million) in 2Q12, which is much less than the U.S.$169.2 million (R$346 million) of 1Q12 and the U.S.$69 million (R$141 million) of 4Q11. Oi reported U.S.$3.379 million...
Telecom Italia's Brazilian unit announced that its second quarter net revenue grew 7% year over year to U.S.$2.23 billion(R$4.547 billion). Total gross revenues were U.S.$3.28 billion (R$6.7 billion), 10.2% more than 2Q11 and 2.6% more than 1Q12. However, the carrier’s net income fell 0.9% to U.S.$170...
Brazilian telecommunication service providers invested $2.29 billion (R$4.7 billion) in the first quarter of 2012, according to TeleBrasil, the Brazilian association of telecommunication companies. The amount represents the total investment made in fixed and mobile telephony, broadband and pay-TV from January to March this year...
Telefónica is planning an initial public offering of its German O2 unit as a move to raise cash to pay-down debt and protect the company against América Móvil's efforts to expand its presence in Europe. In addition it would help Telefónica’s finances during the...
Telefónica’s Latin American earnings surpassed its earnings from Europe for the first time in the Spanish group's history. The telecom operator announced first quarter 2012 earnings of 15,511 million euros, while operating income before depreciation and amortization (Oibda) dropped 8.8% to 5.08 billion euros...
After growing 11.3% in 2011, Huawei Technologies Co., Ltd., is projecting top line growth of 15-20% in 2012. This is an aggressive estimate in light of the company’s carrier network division, which grew at just under 3% last year while representing 73% of the...
TIM is participating in Brazilian LTE auction, TIM President Luca Luciani said in a conference call today. TIM reported a 30% rise in first-quarter profit, with its share of the country's booming mobile market delivering solid revenue growth. Read the full report here.
The Brazilian government's...
Latin America's largest telecom group (measured by subscribers), América Móvil, posted an increase of 37.5% in net profit for the first quarter 2012, beating analysts’ forecasts largely due to the company's acquisition of the Brazilian cable television company, Net Servicos.
Net income climbed to US$ 2.5 billion...
NII Holdings, Inc. , which operates in Latin America under the brand Nextel, unveiled its consolidated financial results for the first quarter of 2012, reporting revenue of $1.63 billion and operating income before depreciation and amortization of $358 million. Its consolidated average revenue per...
Adobe Systems, Inc., (Nasdaq:ADBE) is moving to change its lifetime license model to a monthly subscription-based offering. Adobe launched the effort this week around the globe with Creative Cloud, a new way of providing its tools and services. It is a hub for making,...
Brazilian telecom services providers, including mobile, fixed, broadband and pay-TV, invested a total of U.S.$11.81 billion (R$21.7 billion) during 2011, according to the Brazilian Association of Telecommunications (Telebrasil). The amount includes network expansion, coverage increases and service quality improvements, among other investments.
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Brazilian carrier Oi has reported a drop of 80% in its 2011 fourth-quarter profit. According to its financial report, the telecom operator’s net income was $77.06 million (R$ 140.7 million), a sharp drop from the $386.04 million (R$ 704.8 million) posted during the same period...
After TIM Brazil reported growth in both profit and revenue, its owner Telecom Italia saw its full-year profit before some items climb 7.3%, helped by growth in Latin America. Consolidated revenue for 2011 totaled US $40.32 billion (29,958 million euros), which is up 8.7%...
Strong growth of wireless data revenues across its Latin America business helped push Telefónica's 2011 total consolidated revenues up 3.5% in 2011 to $84.56 billion, which was in line with analyst estimates, and net profits of $7.27 billion.
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NII Holdings (NIHD), which operates in Latin America under the Nextel brand, is again pushing out its expected launch dates for 3G serivces. The company now expects to launch services in Chile by mid-year; in Mexico late in the third quarter; and by the...
The Brazilian unit of Italian telecom operator TIM 2011 posted $14.31 billion in gross revenues last year, a 21.7% increase compared with 2010. Net profits also improved 65.6% year-over-year to $740 million.
The company noted that the result were part of a three-year strategy focused...
América Móvil SAB, the largest mobile-phone carrier by customer base in the Americas, said it ended 2011 with 300 million total customer connections, including 242 million wireless subscribers across its markets.
During the final three months of last year, the company posted total revenues...
Millicom International Cellular (MIC), which operates under the Tigo brand, announced (check out full report) a 10.1% year-over-year increase in revenue to $1.177 billion for the final quarter of 2011, while revenue for the full year increased 10.5% to $4.53 billion compared to the same...
Nokia Siemens Networks, the world's No. 2 maker of mobile telecoms network equipment, and Tellabs unveiled plans to jobs as part of cost-cutting plans. NSN plans to cut approximately 1,200 jobs in Finland and 2,900 in Germany, while Tellabs plans to cut 530 jobs....
The growth in mobile subscribers contributed to the financial performance of Chilean operator Empresa Nacional de Telecomunicaciones S.A Entel.
The company reported that its mobile customer base increased 24% in 2011 to 9,347,434 subscribers at the end of the year. The carrier's postpaid subscriber...
“Our record fourth quarter capped a very strong and exciting year for our company,” said Greg Brown, chairman and CEO of Motorola Solutions, Inc. (NYSE: MSI), in statement when presenting its fourth-quarter and full-year 2011 results. The company fourth quarter sales were up 5%...
Citing intense competition, unfavorable macroeconomic conditions and the effects of a natural disaster in Thailand, the president and CEO of Sony Ericsson Bert Nordberg justified the company's lower revenue for the fourth quarter and full year ended December 31, 2011. Sales were down 16%...
Big information technology companies posted positive results for their recent fiscal quarter and their optimist outlook for 2012 may suggest a growth in IT spending. However, Gartner recently reduced its worldwide ICT spending growth forecast from 4.6% to 3.7% for 2012 reaching $3.8 billion.
Intel
Intel...
