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Avaya posts quarterly loss of USD 633 mln on impairment, sees takeover talks concluded in month
2019-08-13 13:34:00| Telecompaper Headlines
(Telecompaper) Avaya reported a net loss of USD 633 million for its fiscal third quarter to June, hurt by an impairment charge of USD 657 million to write down goodwill at its Products & Solutions division due to reduced prospects. The company also withdrew its long-term outlook, saying this will be updated after it completes its evaluation of takeover offers, expected in the next 30 days.
T-Mobile US improves outlook again after adding 1.8 mln customers in Q2
2019-07-26 08:52:00| Telecompaper Headlines
(Telecompaper) T-Mobile US annoucned another quarter of record results. Net profit rose 20 percent to USD 939 million, revenues increased 4 percent to USD 11.0 billion, and the adjusted EBITDA was up 7 percent to USD 3.5 billion. The mobile operator increased its guidance for branded postpaid net additions in the full year to 3.5-4.0 million, after adding 1.1 million in Q2.
Tags: in
customers
adding
outlook
Vodacom group revenue up 3.9% to ZAR 21.53 bln in Q1, adds 1.2 mln customers
2019-07-25 09:56:00| Telecompaper Headlines
(Telecompaper) Vodacom Group said revenue increased by 4.2 percent to ZAR 21.53 billion in the first quarter ended 30 June from ZAR 20.65 billion in the same period in 2018. Service revenue increased by 3.9 percent to ZAR 17.43 billion from ZAR 16.77 billion in 2018. Despite the impact of cyclones Idai and Kenneth in Mozambique, international service revenue increased by 19.6 percent, largely driven by a 42.7 percent increase in M-Pesa revenue and data demand.
Tags: group
customers
revenue
adds
Snap adds record 13 mln users in Q2
2019-07-24 08:48:00| Telecompaper Headlines
(Telecompaper) Snap, the company behind the popular app Snapchat, reported better-than-expected results for the second quarter, with record growth in user numbers. It added 13 million new users in the quarter for a total of 203 million at the end of June.
Qualcomm fined EUR 242 mln by EU for predatory pricing of 3G chips
2019-07-18 14:04:00| Telecompaper Headlines
(Telecompaper) Qualcomm has received another fine from the EU for competition violations. In a long-running investigation going back ten years, the European Commission fined the company EUR 242 million for abusing its market dominance in 3G baseband chipsets. Qualcomm said it would appeal the decision.
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