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California Grid Grows to Support 33% Green Power by 2020
2013-03-21 16:56:00| Transmission & Distribution World
The California Independent System Operator Corporation (ISO) Board of Governors today approved five new power line projects specifically intended to meet Californias environmental and energy goals.
Tags: support
power
green
california
China Unicom grows FY net profit 68.5%
2013-03-21 15:51:00| Telecompaper Headlines
(Telecompaper) China Unicom reported revenue of CNY 248.93 billion for 2012, up 19.0 percent from 2011. The operator's EBITDA rose 14.6 percent to CNY 72.66 billion, and EBITDA as a percentage of service revenue was up 0.5 percent points to 34.6 percent. Net profit reached CNY 7.10 billion, up by 68.5 percent year-on-year. Growth was led by its mobile activities, with service revenues up 22.0 percent to CNY 126.04 billion, and the customer base increasing 19.9 percent to 239.31 million. 3G's share of total mobile subscribers reached 31.9 percent, up by 11.9 percentage points, and 3G accounted for 47.4 percent of mobile service revenue. Mobile data volume increased by 92.0 percent year-on-year, and China Unicom said 3G smartphone users were now averaging 256 MB per month. Mobile ARPU was up just 1.3 percent to CNY 47.9, despite higher MOU and SMS traffic as well. Fixed service revenues were up by just 1.9 percent in 2012 to CNY 83.21 billion, of which 70.0 percent from non-voice services. Broadband subscribers grew by 14.8 percent, and broadband service revenue rose 11.8 percent to CNY 39.37 billion. The operator added 92,000 3G base stations last year for a total 331,000, all offering HSPA at up to 21Mbps. Fixed-line broadband access ports increased by 23.9 percent to 106.46 million, of which 59 percent were FTTH/B, up by 14 percentage points from 2011. After capex of CNY 99.79 billion in 2012, China Unicom said it aims to lower the capex-to-sales ratio this year, while maintaining revenue growth and further improving profitability.
Iraq official fears split as Kurdish-Turkey oil trade grows
2013-03-20 12:10:42| Oil & Gas - Topix.net
Rising oil trade between Iraqi Kurdistan and Turkey threatens to split Iraq in two, a senior Iraqi official said, as the autonomous region ignores Baghdad's threats of tough action against what it terms illegal exports.
China Telecom grows FY mobile revenues 42%
2013-03-20 09:18:00| Telecompaper Headlines
(Telecompaper) China Telecom reported 2012 revenues up 15.5 percent to CNY 283.07 billion. Mobile revenues improved 42.5 percent to CNY 117.83 billion, and wireline revenues were up 1.8 percent to CNY 162.37 billion. EBITDA, including network leasing fees, fell 6.0 percent to CNY 96.39 billion. China Telecom recently completed the acquisition of its main mobile network assets and said it expects profitability to improve once the leasing fees end. The operator's net profit for the year was down 9.5 percent to CNY 14.93 billion or CNY 0.18 per share, hurt by extra costs for launching the iPhone and expanding in the high end of the market. Helped by investments in 3G, mobile service revenues were up 36 percent last year to CNY 92.8 billion. The operator added a net 34.15 million new mobile subscribers for a total 161 million at year-end. 3G subscribers grew by 32.76 million and accounted for 43 percent of the customer base. China Telecom estimates its mobile subscriber market share was about 15 percent, while the 3G subscriber market share reached 30 percent. The company also invested in its fixed broadband network last year, including the fibre cities project. This helped fixed internet revenues grow 10 percent to CNY 67.8 billion, and the fixed broadband customer base increased by 13.31 million to over 90 million. After a 39.4 percent drop in free cash flow last year to CNY 12.36 billion, China Telecom left its dividend unchanged at HKD 0.085 per share. It forecast an increase in capex this year to CNY 75 billion from CNY 72.5 billion in 2012.
Tags: china
mobile
telecom
revenues
Cubans on the move as new real estate market grows
2013-03-20 07:31:14| Real Estate - Topix.net
At an informal housing market on Havana's historic Paseo del Prado, Renaldo Belen puts the hard sell on a prospective buyer under a tree hung with hand-lettered signs advertising homes for sale.
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