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Google Q4 revenues lift 15% to over USD 18 bln
2015-01-30 09:08:00| Telecompaper Headlines
(Telecompaper) Google said fourth quarter revenues lifted 15 percent from the year before to USD 18.10 billion. The figure excludes traffic acquisition costs, which reached USD 3.62 billion, or 22 percent of advertising revenues. Sites generated revenues of USD 12.43 billion, up 18 percent from the year before, while Network Revenues went 6 percent higher to USD 3.72 billion. Other revenues represented USD 1.95 billion, up 19 percent. Revenues from outside the US totaled USD 10.23 billion, representing 56 percent of total revenues. Revenues from the UK amounted to USD 1.66 billion. Operating profit stayed mainly unchanged at USD 4.40 billion from 4.43 billion the year before. Net profit advanced to USD 4.76 billion or USD 6.91 per diluted share, from 3.38 billion or 4.95 per share. The results included discontinued operations. The sale of Motorola was closed on 29 October, resulting in a gain of USD 740 million net of tax.
Tags: google
usd
lift
revenues
FCC raises record USD 44.9 bln in spectrum auction
2015-01-30 08:52:00| Telecompaper Headlines
(Telecompaper) The FCC has completed the AWS-3 spectrum auction, raising USD 44.9 billion from the sale of 65 MHz of frequencies in the 1,700 MHz band for mobile services. The proceeds were the most ever raised from a spectrum auction in the US, according to FCC chairmn Tom Wheeler. Part of the proceeds will go towards government programmes to expand broadband access. AT&T and Verizon are thought to be the main participants in the auction, and T-Mobile and Dish Network are also likely to have participated. Sprint said earlier it would not bid. The FCC will release details of the local licences bidders later.
Tags: record
usd
auction
spectrum
Commscope buys TE Connectivity businesses for USD 3 bln
2015-01-28 14:45:00| Telecompaper Headlines
(Telecompaper) CommScope has agreed to acquire TE Connectivity's Telecom, Enterprise and Wireless operations for USD 3 billion in cash. The transaction was approved by the boards of directors of both companies. The Telecom, Enterprise and Wireless businesses generated annual revenues of USD 1.9 billion in TE's fiscal year to 26 September, including USD 1.1 billion from the Telecom business, USD 627 million from Enterprise and USD 164 million from Wireless. The combined company's pro forma results for the twelve months to end September would have been USD 5.8 billion in net sales and USD 1.2 billion in adjusted EBITDA. The transaction is expected to add over 20 percent to CommScope's adjusted earnings per share by the end of the first full year after closing. Upon completion, CommScope's overall sales will be made up of Wireless (to 46% of sales from 65%), Enterprise (to 26% from 22%) and Broadband Connectivity (to 28% from 13%).
Tags: businesses
usd
connectivity
buys
Apple announces record quarterly revenues of USD 75 bln
2015-01-28 08:28:00| Telecompaper Headlines
(Telecompaper) Apple posted record quarterly revenue of USD 74.6 billion for its fiscal first quarter to December, up from USD 57.6 billion a year earlier. The result was well ahead of the company's forecast of USD 63.5-66.5 billion. Net profit rose to USD 18 billion or USD 3.06 per diluted share from USD 13.1 billion or USD 2.07 per share. The gross margin grew to 39.9 percent from 37.9 percent, also beating Apple's outlook of 37.5-38.5 percent. International sales accounted for 65 percent of the quarter's revenue. The results were fuelled by all-time record revenue from iPhone and Mac sales as well as a record performance of the App Store. iPhone unit sales of 74.5 million also set a new record.
Tags: record
usd
apple
quarterly
UPDATE 1-Post Holdings to buy cereal maker MOM Brands for about $1.15 bln
2015-01-26 16:34:11| Food - Topix.net
Cereal maker Post Holdings Inc said it would acquire privately held rival MOM Brands Co for about $1.15 billion in cash and stock to expand in the bagged and hot cereal categories. Post, the maker of Raisin Bran and Honey Bunches of Oats, will pay $1.05 billion in cash and issue 2.5 million shares to the owners of MOM Brands.
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