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US Fed maintains stimulus measures

2013-10-30 19:27:34| BBC News | Business | UK Edition

The US Federal Reserve votes to keep interest rates at record lows and to continue with its $85bn (53bn) a month bond-buying programme meant to stimulate the US economy.

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Network Appliance maintains low power AND-D525N2 performance.

2013-10-24 14:31:04| Industrial Newsroom - All News for Today

Powered by 1.86 GHz Intel® Atom™ D525 dual core processor, 234 x 65 x 44 mm AND-D525N2 Networking MicroBox provides security platform for network communication that can be placed within any network rack or on table tops. Along with up to 4GB DDR3 SO-DIMM, features include 4 PCIe GbE LAN, on-board CF socket, several l/O options, and internal 2.5 in. HDD bay. MiniPCIe socket supports PCIe and USB devices, and WiFi connection capability facilitates Internet security application. This story is related to the following:Network Hardware |

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Orange maintains cash flow outlook as Q3 EBITDA down 7.7%

2013-10-23 08:54:00| Telecompaper Headlines

(Telecompaper) Orange has maintained its full-year outlook after reporting a continued drop in its third-quarter results. Revenues were down 5.5 percent year-on-year to EUR 10.162 billion, despite improving customer growth in its key markets France, Spain and Poland. On a comparable basis and excluding regulatory effects, sales were down 2.4 percent, with France falling 4.9 percent, Poland down 2.6 percent, Spain growing 6.9 percent and the rest of the world up 1.3 percent. Adjusted EBITDA declined 7.7 percent to EUR 3.366 billion, and the margin fell to 33.1 percent from 33.9 a year ago. Capex increased 4.3 percent to EUR 1.293 billion, which Orange attributed to spending on 4G and fibre broadband expansion. Operating cash flow reached EUR 6.034 billion for the first nine months of the year, down 13.2 percent from a year earlier but on track to meet the company's target of EUR 7 billion for the full year. Orange still plans a dividend of EUR 0.80 per share for this year, with the interim 30 cents to be paid in December. Net debt should be no more than 2.4 times EBITDA by year-end, and the company will consider acquisitions to consolidate and expand its market positions. The group ended September with 232.5 million customers, up by 2.1 percent or 4.9 million from a year earlier.

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TeliaSonera posts small rise in EBITDA, maintains outlook

2013-10-17 09:16:00| Telecompaper Headlines

(Telecompaper) TeliaSonera reported a small increase in third-quarter profits thanks to cost reductions and maintained its outlook for growth over the full year. While revenues were down 1.8 percent to SEK 25.38 billion in Q3, EBITDA increased 1.5 percent to SEK 9.42 billion. Excluding currency effects, acquisitions and disposals, sales were stable year-on-year and EBITDA rose 3.8 percent, as a 5.4 percent reduction in costs offset the weak economic climate and cuts to mobile termination rates. The adjusted EBITDA margin increased to 37.1 percent from 35.9 a year ago. Net profit rose 15.1 percent to SEK 4.64 billion, and free cash flow nearly doubled to SEK 7.31 billion, helped by dividends from the company's stake in Russian operator Megafon. The operator's new CEO, Johan Dennelind said he would work on strengthening the group's position in key markets, with an increased focus on innovation and continued cost efficiency. Following the scandal over the company's activities in Uzbekistan, which led to the downfall of the previous management, Dennelind said TeliaSonera was taking further measures to improve governance.

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