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Sprint net adds reach 1.2 mln as revenues, profit fall in Q4
2015-05-05 13:51:00| Telecompaper Headlines
(Telecompaper) Sprint announced results for its fiscal fourth quarter, saying net additions lifted to 1.2 million, the highest number in nearly three years, compared to net losses of 383,000 during its fiscal third quarter. Still, total revenues fell 7 percent year-on-year to USD 8.3 billion on the back of lower wireless service revenues. The adjusted EBITDA declined 5 percent to USD 1.7 billion while the operating profit slid to USD 318 million from 420, mainly due to higher depreciation expense. The net loss widened to USD 224 million or USD 0.06 per share, from a loss the year earlier of 151 million or 0.04 per share. Postpaid net additions improved to 211,000 from 30,000 in Q3. The company was net port positive for the first in nearly three years. Postpaid phone losses of 201,000 improved from 205,000 losses in Q3. Postpaid tablet net additions amounted to 349,000 from 189,000. Prepaid net additions amounted to 546,000 compared to 410,000 in Q3. Wholesale net additions went to 492,000 from 527,000. Postpaid ARPU fell to USD 56.94 from 58.90 in Q3. Postpaid churn lifted by 46 basis points sequentially to 1.84 percent, on the back of increasing credit standards, and a better network experience.
Bharti Airtel quarterly net profit up 30.5%
2015-05-01 06:55:00| Telecompaper Headlines
(Telecompaper) India-based Bharti Airtel reported revenue for its fiscal fourth quarter to March 2015 up 3.6 percent year-on-year to INR 230.1 billion. The company grew revenues 11.8 percent in its home market and 3.4 percent in Africa. The revenue growth in India was led by an increase of 11 percent in Mobile, 10.2 percent in Telemedia, and 17.2 percent in the Digital TV business.
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net profit
Telecom-media giant BCE posts lower Q1 net profit due to Quebecor court battle
2015-04-30 15:53:17| Wireless - Topix.net
BCE Inc. reports that its first-quarter profit suffered from a $137-million expense related to a long-running court battle with rival Quebecor but, after adjusting for that, its telecom and media business showed growth from last year. The Montreal-based company said its net income attributable to shareholders in the first quarter was $532 million, down 13.5 per cent from the same time last year.
Telecom-media giant BCE posts lower Q1 net profit due to Quebecor court battle
2015-04-30 15:44:50| Telecom - Topix.net
BCE Inc. reports that its first-quarter profit suffered from a $137-million expense related to a long-running court battle with rival Quebecor but, after adjusting for that, its telecom and media business showed growth from last year. The Montreal-based company said its net income attributable to shareholders in the first quarter was $532 million, down 13.5 per cent from the same time last year.
Handelsbanken posts flat net profit
2015-04-29 08:29:41| Appliances - Topix.net
Swedish lender Svenska Handelsbanken AB Wednesday said it expanded further in the U.K. and Netherlands in the first quarter as it reported an unchanged year-on-year net profit, driven by a rise in net interest income but offset by higher staff costs. Net profit at the Stockholm-based bank was 3.91 billion Swedish kronor in the three months ended March 31, same as in the comparative period last year.
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