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KPN posts higher EBITDA despite 2.7% fall in Q2 revenue

2017-07-26 08:05:00| Telecompaper Headlines

(Telecompaper) Dutch operator KPN reported revenues of EUR 1.63 billion for the second quarter, down 2.7 percent from a year earlier. EBITDA was still up 1.4 percent to EUR 587 million, better than expected and giving an adjusted margin of 41.0 percent. Capex fell 24 percent to EUR 238 million, helping operating cash flow (EBITDA minus capex) increase to EUR 363 million. Net profit improved to EUR 191 million from EUR 162 million a year earlier.


Bharti Airtel revenue drop accelerates to 14% in June quarter

2017-07-25 14:02:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported another drop in quarterly results, as India's largest mobile operator suffered from tough competition at home and the currency devaluation in Nigeria.

Tags: june drop quarter revenue


Telecom Italia confirms CEO exit 'by mutual consent'

2017-07-25 08:28:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) has confirmed that its chief executive Flavio Cattaneo will be leaving the company by mutual consent after "the completion of the major and extraordinary turnaround" of the business. It said that since Cattaneo was appointed TIM CEO in March 2016, the company had grown its customers and revenues to levels not reached in the last 10 years, increased its core investments and successfully reorganised internal processes and cut costs. It added that it would now embark on a second phase, "a conventional company relaunch that pursues the targets set by Flavio Cattaneo".


Alphabet profit falls in Q2 after USD 2.7 bln fine from EU

2017-07-24 23:15:00| Telecompaper Headlines

(Telecompaper) Alphabet, the parent company of Google, reported a drop in second-quarter net profit, hurt by the competition fine of USD 2.7 billion imposed on the company by the European Commission. In a rare occurrence for the company since it went public, net profit fell to USD 3.524 billion or USD 5.01 per share from USD 4.877 billion or USD 7.00 per share a year earlier. Excluding the fine, net profit was still up, at USD 6.260 billion, according to adjusted figures presented by Alphabet.

Tags: from fine eu usd


China operators add 20.6 million 4G customers in June

2017-07-24 14:40:00| Telecompaper Headlines

(Telecompaper) China Mobile added 3.07 million new mobile customers in June, ending the month with a total of 866.5 million customers. China Telecom attracted 2.83 million new mobile customers for a total 229.85 million at 30 June. China Unicom added 1.09 million mobile billing subscribers in the month, for a total 269.4 million at the end of June.

Tags: add june china million


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