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T-Mobile US grows quarterly EBITDA 25%
2015-07-30 15:04:00| Telecompaper Headlines
(Telecompaper) T-Mobile US reported second-quarter revenues up 14 percent year-on-year to USD 8.2 billion. Service revenues rose 12 percent to USD 6.1 billion on continued strong customer growth. The mobile operator's adjusted EBITDA rose 25 percent from the year-earlier period to USD 1.8 billion, and the margin improved to 30 percent from 26 percent a year ago and 24 percent in Q1. The company moved to a net profit of USD 361 million from a loss of USD 63 million in Q1 2015. As reported earlier this month, T-Mobile US added 2.1 million net new customers in the second quarter, 41 percent more than in the year-earlier period, taking the total to 58.9 million. The strong growth led to another increase in its full-year forecast for branded postpaid net adds, to 3.9 million from 3.4 million. T-Mobile maintained its target for adjusted EBITDA at USD 6.8-7.2 billion and USD 4.4-4.7 billion in cash capex this year, but this excludes any impact from its recently launched JUMP! On Demand phone swap offer.
Tags: quarterly
grows
ebitda
tmobile
Nokia grows quarterly profit 50%
2015-07-30 09:07:00| Telecompaper Headlines
(Telecompaper) Nokia reported second-quarter sales up 9 percent year-on-year to EUR 3.2 billion. Revenue growth came across its activities, with the Networks business up 6 percent, Here growing 25 percent and the Technologies division up 31 percent. On a constant currency basis however, group revenues fell 1 percent. Adjusted operating profit showed a strong improvement of 51 percent to EUR 521 million, including growth of 11 percent at Nokia Networks to EUR 313 million. Adjusted EPS rose to EUR 0.09 from EUR 0.06 a year ago, and reported earnings moved to a profit of EUR 0.09 per share from a loss of EUR 0.01 a year ago. Profits benefited also from a one-time gain of EUR 110 million on the sale by Nokia's venture fund of a stake in Chinese company Ganji.com. Nokia said the telecom infrastructure market remained challenging and it was highly focused on reducing costs. The company maintained its outlook for the full year, for an increase in revenues at Nokia Networks and an adjusted operating margin around the midpoint of its long-term target range of 8-11 percent. Here is also expected to grow annual sales and reach a margin of 9-12 percent, and Nokia Technologies should post a full-year margin in line with the 58 percent achieved in Q2.
Tags: profit
nokia
quarterly
grows
Orange grows revenues, EBITDA 1% in Q2
2015-07-28 08:45:00| Telecompaper Headlines
(Telecompaper) Orange reported second-quarter revenues up 1.0 percent from a year earlier to EUR 9.885 billion, helped by a recovery in the business market and improving trends in mobile revenues in its main markets France and Spain. On a comparable basis, adjusted for acquisitions and currency effects, revenues fell 0.2 percent, slowing from a 0.9 percent decline in the first quarter. Adjusted EBITDA rose 1.1 percent year-on-year to EUR 3.290 billion, helped by the stronger dollar and lower indirect costs, especially a lower headcount. On a comparable basis, EBITDA fell 0.4 percent from a year ago, and the margin was stable at 33.3 percent. Orange maintained its outlook for full-year EBITDA of EUR 11.9-12.1 billion, after a slightly lower result of EUR 5.807 billion in the first half of 2015. The forecast does not include the planned acquisitions of Jazztel and Meditel. The company also reported a strong improvement in net profit over the first half, to EUR 1.283 billion from EUR 728 million a year ago thanks to a better contribution from EE in the UK. Capital expenditure over the six months increased 6.8 percent to EUR 2.672 billion, going mainly to fibre and 4G expansion. Net debt was up slightly from the end of 2014 and is set to expand further in the second half with the completion of the Jazztel takeover. Orange said it expects net debt to reach around 2.2 times adjusted EBITDA at year-end, versus 2.13 at the end of June, and the group will continue to pursue a policy of selective acquisitions, focusing on markets where it is already present. Over the medium term, net debt should fall to 2x EBITDA, helped by the sale of the stake in EE. Orange proposed an interim dividend of 20 cents a share, in line with a stable dividend of 60 cents per share over the full year.
Tags: orange
revenues
grows
q2
Nordstrom: Madewell partnership grows
2015-07-28 07:54:41| Apparel - Topix.net
Nordstrom and J. Crew Group are expanding a merchandising partnership. Nordstrom is doubling the number of stores that will carry J. Crew's Madewell brand of women's apparel items and accessories.
Tags: partnership
grows
nordstrom
madewell
Climate urgency grows
2015-07-26 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Rutland Herald: I have had it with climate change deniers. The arguments are just reflexive now, and sometimes asinine, like the Fox News interviewer who insisted that there shouldnt be volcanos on the moon because we havent been burning any fossil fuels there. The debate is ideological rather than logical. There is no scientific dispute; it is a lopsided blowout with 98 percent of climate scientists agreeing that climate change is real, is happening now and is caused by or accelerated by human activity. Just...
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