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Tag: telecom profit
Telecom Italia posts EUR 1.35 bln profit, first since 2010
2015-03-20 09:18:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a net income of EUR 1.35 billion in 2014, up from a EUR 674 million loss the previous year, in what was its first profit since 2010. All other financial results for 2014 were published last month to coincide with the launch of its 2015-2017 business plan to modernise its fixed and mobile broadband networks. The company's full-year revenues were down 7.8 percent to EUR 21.57 billion, a slight improvement on the previous year's fall of 9.1 percent, with EBITDA falling by 7.9 percent to EUR 8.79 billion. At the board meeting ratifying its full-year results, the company also announced that it would be launching a bond of up to EUR 2 billion bond on 20 March, with the final conversion price yet to be confirmed. The bond settlement is expected to take place on 26 March and the proceeds will be used to refinance Telecom Italia's existing net debt of EUR 26.7 billion. Looking ahead, the company said traditional services such as access and voice would continue to fall, but would be partly offset by revenues from innovative services due to the increasing demand for connectivity and digital services. Telecom Italia's CEO Marco Patuano said: "The positive trend of our business in the early months of 2015 is in line with goals we previously set and shows the company is on the right path."
Telecom Italia earns first profit in three years
2015-03-20 01:00:00| Total Telecom industry news
Incumbent operator issues 2 billion bonds to help finance 14.5 billion capex plan.
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China Telecom revenues, profit almost flat in 2014
2015-03-18 10:13:00| Telecompaper Headlines
(Telecompaper) China Telecom reported operating revenues of CNY 324.3 billion for the year ended 31 December 2014, which represents an increase of 0.9 percent compared to 2013. Service revenues amounted to CNY 287.3 billion, up by 3.1 percent year-on-year. EBITDA rose to CNY 94.8 billion, while the EBITDA margin stood at 33 percent. Profit slightly increased by 0.8 percent to CNY 17.6 billion in 2014, while basic earnings per share amounted to CNY 0.22. Capital expenditure amounted to CNY 76.9 billion, while free cash flow was CNY 12.5 billion.
Tags: china
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Maroc Telecom FY net profit up 5.6% to MAD 5.85 bln
2015-02-23 09:33:00| Telecompaper Headlines
(Telecompaper) Maroc Telecom said its net profit for 2014 increased by 5.6 percent to MAD 5.85 billion from 2013 following an exceptional expense related to the settlement of a tax dispute in 2013. The group's customer base reached over 40 million customers by 31 December 2014, an increase of 8.2 percent compared with 2013, primarily due to the international operations, where the customer base is around 20 million customers, up 17 percent in one year. Revenues rose by 2.1 percent to MAD 29.14 billion, up 2.1 percent from 2013 at a constant exchange rates. This performance is primarily explained by an 11.3 percent increase in international operations, and a 0.8 percent decrease in revenues in Morocco.
Manitoba Telecom reports higher Q3 profit of $36.8M; revenue down slightly
2014-11-06 03:10:57| Wireless - Topix.net
Manitoba Telecom Services Inc. says year-over-year net income increased in the third quarter despite a small decline in revenue. The Winnipeg-based telecom which offers wireless, Internet and television and other services primarily in Manitoba, says it earned $36.8 million or 47 cents per share in the third quarter from $25.4 million or 38 cents in the comparable 2013 period.
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