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Millicom Q3 revenues up 11% on new acquisitions, cuts FY outlook

2019-10-24 09:41:00| Telecompaper Headlines

(Telecompaper) In its main market of Latin America, the company increased revenues 9.7 percent to USD 1.50 billion, including its joint ventures in Guatemala and Honduras. Organic service revenues grew 1.0 percent to USD 1.38 billion and EBITDA rose 0.7 percent on an organic basis to USD 620 million, excluding the impact of IFRS 16, while the EBITDA margin improved by 3 percentage points year-on-year to 41.4 percent. By country, organic service revenue growth was strongest in Costa Rica (+4.6%) and Guatemala (+3.2%), while growth lagged in El Salvador (-4.9%) and Panama (-2.9%) during the quarter.

Tags: outlook cuts revenues acquisitions

Nokia cuts outlook on tough competition in 5G market

2019-10-24 08:46:00| Telecompaper Headlines

(Telecompaper) Nokia has cut its outlook for this year and next, citing tough competition in the early days of the 5G market. The company said it will suspend dividends in Q3 and Q4 in order to invest more in improving its portfolio and strengthening its cash position.

Tags: market competition nokia outlook

WeWork warns of job cuts after Softbank rescue

2019-10-23 21:40:46| BBC News | Business | UK Edition

The firm's new executive chairman says it must 'right-size' the business.

Tags: job rescue cuts warns

Aker BP Cuts 2019 Oil Output Guidance After North Sea Field Delay

2019-10-22 22:08:04| OGI

The company now expects daily output in 2019 to average 155,000 barrels of oil equivalents (boe/d), down from a July forecast of 155,000-160,000 boe/d.

Tags: north field sea oil