financial results

Telefónica’s 2014 full-year and fourth-quarter net income slumped 34.7% and 89.5%, respectively, in a year-over-year comparison. Total revenue decreased 11.7% for the full year and 14.1% in Q4 2014. In …

TIM Brasil’s gross revenue fell 1.5% in the fourth quarter of 2014 compared to the same quarter of 2013 and decreased 2.2% year-over-year for 2014. However, earnings before interest, taxes, depreciation and …

América Móvil reports Q4 results América Móvil ended the fourth quarter of 2014 with a 77.8% net profit decline. In its financial report,  the company owned by billionaire Carlos Slim claimed that an …

Argentina auctioned 10 bands of spectrum and raised about $2.23 billion. The bands auctioned were 850 MHz, 1900 MHz, 1.7/2.1 GHz and 700 MHz. The auction focused on increasing the country’s …

NII Holdings, which operates in Latin America under the Nextel brand, announced it will likely file for Chapter 11 bankruptcy protection because it cannot fulfill its financial obligations. Following the announcement, NII Holdings’ …

América Móvil finished the first quarter with revenues up 1.3% year-on-year to $14.93 billion, pushed by growth in Brazil. The carrier’s Brazilian unit posted an 8.5% increase in total with wireless revenues rising 5.7% and …

While TIM posted a 12% rise in its second-quarter profit, beating forecasts on strong cost controls, NII Holdings’ Nextel operations presented a consolidated net loss of $386 million. TIM, Brazil’s …

The two largest telecom operators in Latin America have released their second quarter financial results. América Móvil beat expectations, reporting better-than-expected second quarter core profits and revenue, as more customers …

April 30 was the final day to deploy LTE networks in the Brazilian host cities of the FIFA Confederations Cup, and the largest four carriers that were granted LTE licenses …

Spanish telecom group Telefónica saw its 2012 net profits fall by 27.3% to $5.14 billion, while its debt dropped by almost $6.5 billion on a quarterly basis to $67.1 billion …

The fourth quarter profits of Latin America’s largest telecom company, América Móvil, have disappointed analysts. The telecom operator’s revenue for the fourth quarter of 2012 was down 1.1% year-over-year, and …

Now two telecom operators in Brazil are looking for new CEOs. Following the announcement of Oi CEO Francisco Valim’s departure in January, the No. 2 mobile phone company in Brazil, …

When presenting preliminary fourth quarter and full year results for 2012, which were below market expectations, NII Holdings said its Brazilian unit will offer voice and data services more broadly on its 3G …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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) …

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 …

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 …

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 …

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, …