Brazilian carrier Oi had a difficult day yesterday. Following the resignation of its CEO Francisco Valim, who occupied the position for only a year and a half, and nomination of chairman José Mauro Mettrau Carneiro da Cunha as his temporary replacement, Oi saw its...
Brazilian carrier Oi posted positive results for its third quarter period. The company reported that its revenues have grown as well as its earnings before interest, taxes, depreciation and amortization, EBITDA margin and net earnings compared to the previous quarter. However, over the same...
At the end of the second quarter, Spanish telecom giant Telefónica cancelled payment of all remaining dividends and share buybacks for this year, citing the current instability of the economy as prompting the move; now for the third quarter, the telecom operator announced that...
Chilean telecommunications group Entel's revenue rose 15% in the third quarter of 2012, principally driven by mobile, data (including IT) and network rental services. Entel's total mobile customers also increased to 9,890,178 in the third quarter of 2012, a 15% expansion compared to the third...
Andrea Mangoni, TIM Brasil’s CEO, opened the third quarter conference call with analysts by highlighting that growth in data and smartphone base has driven an 8% net revenue growth for the company to U.S.$2.326 billion (R$4.722 billion) year over year. It also helped create...
Mexican telecommunications giant América Móvil reported good performance for its third fiscal quarter, with net profits up 67% year-over-year thanks to foreign exchange gains. According to its report, a foreign exchange gain of $691.34 million in the quarter led to a comprehensive financing income...
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...
