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MTS grows Q4 revenues 6%, EBITDA up 1%
2013-03-19 14:02:00| Telecompaper Headlines
(Telecompaper) Russian mobile operator MTS reported fourth-quarter revenues up 6 percent from a year earlier to USD 3.17 billion, while EBITDA rose a slower 1 percent to USD 1.29 billion. MTS said profit growth was held back by investments in its retail distribution and provisions for the shutdown of its operations in Uzbekistan. Net income was still up 39.1 percent to USD 547.3 million, thanks to lower financing costs and forex gains. Over the full year, the company missed its target for 7 percent revenue growth, with sales up just 0.9 percent due to a stronger dollar and the Uzbekistan withdrawal. The target for an OIBDA margin over 42 percent was met with a result of 42.6 percent, helped by tighter cost controls. Group capex rose to USD 2.90 billion last year, or 23.3 percent of revenues, in line with guidance. With its 3G roll-out nearly complete, capex will drop this year, but still remain at about 20 percent of revenues as the LTE roll-out starts. MTS expects capex of 18-19 percent of sales over the period 2013-2015. The company again targets 5-7 percent revenue growth this year, in local currencies, while the EBITDA margin is estimated at 41-42 percent.
U.S. Solar Market Grows 76 Percent in 2012
2013-03-17 23:39:00| Climate Ark Climate Change & Global Warming Newsfeed
EcoWatch: GTM Research and the Solar Energy Industries Association (SEIA) released last week U.S. Solar Market Insight: Year-in-Review 2012, the definitive analysis of solar power markets in the U.S. With another record-breaking year, solar is the fastest growing energy source in the U.S., powering homes, businesses and utility grids across the nation. The Solar Market Insight annual edition shows the U.S. installed 3,313 megawatts (MW) of solar photovoltaics (PV) in 2012, a record for the industry. Perhaps...
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Google Glass: The opposition grows
2013-03-15 20:21:13| CNET News.com
"Stop The Cyborgs" is a new site that attempts to bring a balanced trepidation to the unbalanced idea that we'll all be walking round with Google's outer brain strapped to our faces. [Read more]
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grows
Evidence grows of rainforest resilience to global warming
2013-03-10 19:07:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: The world's tropical forests are less likely to lose biomass, or plant material, this century due to the effects of global warming than previously thought, scientists said in a paper published in the journal Nature Geoscience on Sunday. This adds to growing evidence that rainforests might be more resilient to the effects of climate change than feared. Tropical forests play an important role in the world's climate system because they soak up carbon dioxide and use it to grow leaves, branches...
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Red Hat's Java leadership grows as Oracle's wanes
2013-03-08 12:00:00| InfoWorld: Top News
Following recent news that Oracle would no longer maintain Java 6, Red Hat
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java
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