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Millicom reports organic service revenue up 5.9% in Q4

2016-02-10 08:23:00| Telecompaper Headlines

(Telecompaper) Millicom reported a fall in fourth-quarter results, hurt by negative currency effects and a number of one-off charges. Revenues fell 9.8 percent to USD 1.68 billion, and adjusted EBITDA was down 7.4 percent to USD 551 million. The company said organic service revenue was still up 5.9 percent year-on-year on mobile data and cable growth, and the adjusted EBITDA margin improved 0.9 percent points to 32.9 percent on efficiency measures. In Latin America, organic revenue rose 2.8 percent to USD 1.42 billion, reflecting some slowdown in Colombia and macro conditions in Paraguay. Service revenue still grew 4.4 percent. EBITDA was USD 513 million, after USD 33 million in one-off charges relating to Colombia integration costs and a bad debt charge. In Africa, organic revenue grew 13.4 percent to USD 258 million, and EBITDA was USD 17 million after USD 26 million of restructuring and one-off items. For 2016, Millicom forecast mid-single digit growth in service revenue, mid- to high-single digit growth in adjusted EBITDA and capital expenditure of USD 1.15-1.25 billion, down slightly from USD 1.28 billion last year. The forecast is based on constant currency rates and scope.

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Winnipeg Plans New Fees for Organic Waste Pickup

2016-02-08 16:02:00| Waste Age

Metro Winnipeg homeowners could start paying extra cash to get a green cart at the curb. read more

Tags: plans fees waste organic

Organic Trade Association, Textile Exchange Join Forces To Advance Organic Fiber

2016-02-05 03:12:30| textileweb Home Page

The Organic Trade Association (OTA) and Textile Exchange (TE) have announced an important collaboration to strengthen the North American organic textile industry's public policy influence and public relations efforts

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Vodafone organic service revenue growth improves to 1.4%

2016-02-04 08:35:00| Telecompaper Headlines

(Telecompaper) Vodafone Group confirmed its full-year outlook after reporting a small improvement in underlying growth rates in its fiscal third quarter. In the three months to December, the operator's organic revenues rose 2.6 percent year-on-year, excluding exchange rate effects and any acquisitions or divestments. Service revenues were up up 1.4 percent on an organic basis, better than the 1.0 percent growth in the previous quarter. In Europe, organic revenue was still down 0.6 percent, while the Africa, Middle East and Asia Pacific region increased revenue 6.5 percent on an organic basis. Vodafone's reported revenues were still down 5.5 percent to GBP 10.283 billion due to forex effects, and service revenue declined 6.3 percent to GBP 9.169 billion. In Europe total revenues fell 7.1 percent to GBP 6.038 billion, and AMAP revenues were down 3.6 percent to GBP 2.926 billion on a reported basis.

Tags: service growth revenue organic