Amid a double-digit increase in global revenue during its fiscal first half, Digicel Group has completed its acquisition of Claro, América Móvil’s business in Jamaica, and the sale of its business in Honduras to América Móvil.
IBM’s growth market unit, which includes 152 emerging countries under China’s leadership, is expected to represent 30% of the company's revenues by 2015, an increase of 5 percentage points from IBM's initial prediction of 25%. “Brazil is No. 2, behind China, in terms of...
In the third quarter, Brazilian telecom operator GVT Holding, owned by French entertainment and telecom group Vivendi, saw net revenues rise 38.4% and a 50.1% increase in the number of lines in service in the customer base.
Warren Buffett's Berkshire Hathaway has bought $10.7 billion worth of common stock in IBM (NYSE: IBM) this year. Berkshire now owns 5.4% of Big Blue, but the 81-year-old billionaire has said he doesn't intend to buy any more shares.
Latin America and mobile data were the main drivers of Telefónica Group's revenue during the first nine months of 2011. Telefónica Latinoamérica reported an 8.1% rise in revenue compared with the same period last year, accounting for 46% of the group total; mobile data revenue rose 19.6%.
Qualcomm is looking to take advantage of Latin America’s relatively modest 3G penetration rates to boost its influence and revenues in the region.
As part of this, Qualcomm said it was also looking to participate in the Brazilian semiconductors value chain and does not discard installing...
Thanks to its growing subscriber base, Brazil's second largest wireless carrier, TIM, saw its profit double in the third quarter from the same period a year ago.
TIM Participações S.A. (BOVESPA: TIMP3; and NYSE: TSU), which controls directly TIM Celular S.A. and Intelig Telecomunicações Ltda.,...
Brazilian carrier Oi posted a 21% decrease in third quarter net profits from a year ago to $249 million. Net revenues dropped 1.9% over the same time frame to $4 billion, while earnings before interest, tax, depreciation and amortization, an indication of a company's...
América Móvil (AMX) saw its net profits drop 21% during the third quarter compared to the same period in 2010, which the carrier attributed to the exchange rate and lower interconnections fees. The company posted $1.4 billion of revenues in the quarter, buoyed by...
NII Holdings (NIHD) said it's planned 3G launches were on track. Nextel’s owner unveiled push-to-talk service on a W-CDMA platform in Peru last month. The 3G launch in Mexico and Brazil are still expected by the first half of 2012 with a soft launch...
Emerging countries such as Brazil, India and China have been strategic for companies around the globe, specifically in the IT and telecoms sector. When presenting recent financial results, Latin American enterprises reported some interesting perspective on the region, including comments about the continued expansion...
Two Brazilian vendors have formed a joint venture for a a cloud-computing company. Benner Systems, the third-largest domestic supplier of business management software, and TBA Group, a leading information technology conglomerate in Brazil, announced they created a joint venture called GlobalWeb Corp. This company...
SingTel | August 11, 2011 | Press Release
Revenue growth across Singapore and Australia in the quarter
Stronger Australian Dollar offsets weakness in regional currencies
Net profit affected by finance and tax expenses
Singapore, 11 August 2011 – Singapore Telecommunications Limited (SingTel) today announced that Group revenue rose 7...
American Tower Corp. (AMT) said its international markets in Mexico, Brazil and India are experiencing strong growth due to new spectrum and technology deployments during second-quarter earnings. Overall, the company reported an increase of 27.1% in its total revenue compared to the same period of 2010,...
TIM Brazil announces its second-quarter financial results and its migration to special listing segment called “Novo Mercado” of BM&FBovespa – Bolsa de Valores, Mercadorias e Futuros S.A. During the second quarter, revenue grew 19.5% year over year to R$ 4,25 billion (US $2.7 billion),...
TIM Brazil announces its second-quarter financial results and its migration to special listing segment called “Novo Mercado” of BM&FBovespa – Bolsa de Valores, Mercadorias e Futuros S.A. During the second quarter, revenue grew 19.5% year over year to R$ 4,25 billion (US $2.7 billion),...
With presences in Mexico, Brazil, Argentina and Peru, NII Holdings Inc. said it plans to continue to invest in the expansion of the coverage and capacity of its networks and develop and deploy third-generation networks. Consolidated second-quarter 2011 capital expenditures totaled US $304 million,...
In Spain, Telefónica reported a drop of 16.3% in first-half 2011 net profit to 3.162 billion euros. In the second-quarter, net profit dropped even more: 27%. According to company, it's due to rising operating costs and a writedown of the value of its stake...
In Spain, Telefónica reported a drop of 16.3% in first-half 2011 net profit to 3.162 billion euros. In the second-quarter, net profit dropped even more: 27%. According to company, it's due to rising operating costs and a writedown of the value of its stake...
Ericsson has unveiled its financial results and, although the world's largest network equipment maker had reported a decline in sales in North America, Latin America’s sales increased 17% year-over-year and 23% sequentially, achieving US$ 781 million in the second quarter of 2011.
The results were...
Net income for the second quarter at Mexican fixed line incumbent Telefonos de Mexico SAB fell 11.8% from the year-ago period. Telmex’s revenue also dropped 2.9% from the year-ago period to 27.614 billions pesos (US$ 2.357 billions).
From April to June 2011, earnings were 11.074...
América Móvil’s net profit (earnings) of 24.1 billion pesos (US$ 2.1 billion) increased 14.1% in the second quarter of 2011, compared to the same period year earlier. Earnings were equivalent to 61 peso cents per share and US$ 1.04 per ADR. At the end...
NEC Corp., Japan’s biggest telecommunications equipment maker, is very optimist about Latin America. Its operations in countries such as Mexico, Brazil, Colombia and Chile is addressing important growth, and the region will play a crucial role to help NEC reach its goals. The company...
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 &...
