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Oi revenues fall 3.8% in Q2, EBITDA drops 24%

2016-08-11 16:54:00| Telecompaper Headlines

(Telecompaper) Brazilian operator Oi, under judicial reorganization, ended the second quarter of 2016 with net revenue of BRL 6.52 billion, down 3.8 percent on the same period in 2015 and 3.4 percent less than in Q1 2016. The company blamed the decline on the poor economic climate, which hurt B2B and prepaid revenues, as well as regulatory price cuts and fewer customers. The operator had a net loss from continuing operators of BRL 656 million in the quarter, widening from a loss of BRL 442 million a year earlier. EBITDA fell 24.4 percent to BRL 1.43 billion, and capex amounted to BRL 1.21 billion, an increase of 16.7 percent from a year ago.

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Telus posts earnings, revenue growth in Q2

2016-08-09 02:00:00| Total Telecom industry news

Canadian operator upgrades full-year outlook, including increasing capex plan for fibre, 4G investment.

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Liberty Global subscriber growth improves in Q2

2016-08-05 08:30:00| Telecompaper Headlines

(Telecompaper) Liberty Global reported an improvement in customer growth in the second quarter, adding 277,000 revenue-generating units in the three months on an organic basis. That's twice as many as a year ago and also up on 156,000 in Q1. ARPU was down 0.4 percent year-on-year to USD 44.65, but grew 1.5 percent after excluding currency effects, thanks to growth in Germany and Belgium. The cable operator's revenue was up 11 percent year-on-year to USD 5.074 billion, driven by the acquisition of Base in Belgium, and operating cash flow rose 5.5 percent to USD 2.306 billion.

Tags: global growth subscriber liberty

 

Adidas raises guidance on "stellar" Q2

2016-08-04 12:19:00| Daily apparel & textile news and comment - from just-style.com

German sporting giant Adidas has raised its 2016 guidance for a fourth time after posting second-quarter earnings and margin growth driven by strong momentum from its namesake and Reebok brands. 

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Tesla posts $293M Q2 loss, up 59% from Q2 2015

2016-08-04 09:55:59| Green Car Congress

Tags: posts loss q2 tesla

 

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