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Telecom Italia sales fall 11.9% in Q1, eyes gradual recovery
2014-05-13 09:44:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported an 11.9 percent year-on-year fall in first-quarter revenues to EUR 5.19 billion, hurt by negative exchange rate effects in Brazil and a weaker domestic market. EBITDA declined 8.4 percent to EUR 2.20 billion, and EBITDA margin increased to 42.4 percent from 40.8 percent a year ago. Net profit dropped to EUR 222 million from EUR 364 million in the year-earlier period. Adjusted net debt came in at EUR 27.53 billion, slightly down on the figure of EUR 28.77 billion reported on 31 March 2013 but EUR 722 million higher than the EUR 26.81 billion reported in the previous quarter. Telecom Italia said the results were in line with its plans and confirmed expectations of a gradual recovery. "As a whole we are in line with our plans and targets, which see a progressive acceleration in year-on-year recovery," said CEO Marco Patuano. In his first 6 months as CEO, Patuano has sold Telecom Italia's Argentine unit, scrapped a dividend and announced the sale of wireless towers in Italy and Brazil. Last month he teamed up with Sky Italia on an IP-based TV service to attract broadband subscriptions. "The content agreement with Sky will allow us to immediately make premium offers available to our customers, starting with the broadcast of the FIFA World Cup on mobile devices," said Patuano.
Liftlab Aims to \'Lift & Firm\' Eyes
2014-05-13 07:00:00| Happi Breaking News
Safety debate eyes taming Bakken crude before it hits rails
2014-05-12 18:41:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: After a spate of fiery derailments, the scramble to make North Dakota's Bakken crude oil safer when it's being transported on trains has focused on better tracks, slower speeds, and reinforced railcars that bypass urban areas. But that is starting to change. A potentially more effective approach, which would remove the most volatile elements from the crude before it is being loaded onto rail cars, is now beginning to get attention, both from regulators considering safety enhancements and some...
Analysis - Heineken eyes 'flexibility' with Nigeria merger
2014-05-12 15:38:00| Daily beverage news and comment - from just-drinks.com
We'd almost packed up for the week on Friday when Heineken announced plans to merge the two Nigerian breweries in which it has majority stakes.
Tags: analysis
eyes
flexibility
nigeria
Comcast partners with Asian carriers, eyes mobile market
2014-05-12 02:03:30| Telecom - Topix.net
Comcast Corp is offering at least two Asian cellular operators access to its WiFi hot spots in the United States, in trial partnerships that illustrate the cable company's ambitions to compete with U.S. wireless carriers.
Tags: market
mobile
partners
eyes
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