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UPDATE 1-American Tower to buy Bharti Nigeria phone masts for $1.1 bln
2014-11-24 19:50:49| IT Services - Topix.net
India's Bharti Airtel Ltd will sell more than 4,800 mobile phone masts in Nigeria to American Tower Corp for $1.05 billion, as part of its plan to cut costs and pare debt. Mobile operators in Africa such as Bharti Airtel have been selling masts to specialist tower firms and leasing them back to cut maintenance costs on a continent with poor access to electricity and shoddy roads.
UPDATE 1-American Tower to buy Bharti Nigeria phone masts for $1.1 bln
2014-11-24 16:17:24| Telecom - Topix.net
India's Bharti Airtel Ltd will sell more than 4,800 mobile phone masts in Nigeria to American Tower Corp for $1.05 billion, as part of its plan to cut costs and pare debt. Mobile operators in Africa such as Bharti Airtel have been selling masts to specialist tower firms and leasing them back to cut maintenance costs on a continent with poor access to electricity and shoddy roads.
Mobile data roaming to generate USD 50 bln by 2019 - study
2014-11-21 10:03:00| Telecompaper Headlines
(Telecompaper) Mobile data roaming will bring in USD 50 billion in revenues by 2019, contributing as much as 56 percent to global roaming revenues, according to new research by Ovum. Europe will account for 46 percent of global roaming revenues this year, boosted by revenue growth coming from the EU. The revenue contribution from Asia is also increasing, particularly from Central & Southern Asia, which is expected to grow at a compound average growth rate (CAGR) of 12 percent by 2019. Mobile data will experience the fastest revenue growth over the next five years, and is expected to drive growth of roaming revenues as voice revenues begin to stagnate. The increasing penetration of smartphones and Sim-enabled tablets, along with the deployment of LTE networks, is driving the growth of mobile data usage. The report noted that roaming growth was still impeded by the cost of roaming services and the legacy of "bill shock".
Telkom H1 net revenue up 1.6% to ZAR 13.3 bln
2014-11-17 09:17:00| Telecompaper Headlines
(Telecompaper) Telkom South Africa said its net revenues increased by 1.6 percent to ZAR 13.3 billion in the six months to 30 September compared with the same period in 2013. It said in light of the tough economic and business environment, this shows the resolve of management to curtail losses and improve the business in future. Profit fell by 62 percent to ZAR 1.11 billion from ZAR 2.89 billion a year earlier. Group EBITDA excluding one-off items increased by 12.1 percent to ZAR 4.4 billion. Headline earnings per share excluding one-off items increased 14.9 percent to ZAR 0.2617.
Ericsson plans SEK 9 bln in cost reductions by 2017
2014-11-13 08:39:00| Telecompaper Headlines
(Telecompaper) Ericsson has unveiled plans for additional cost reductions at its Capital Markets Day. The company said it sees opportunities to reduce costs by around SEK 9 billion by 2017. This is expected to result in restructuring charges of SEK 3-4 billion over the next three years, in addition to the usual SEK 2 billion spent by Ericsson each year on restructuring. Ericsson said around half the savings will come in operating expenses and half in cost of sales. The efficiency measures will primarily relate to five areas: portfolio streamlining and ways of working in R&D; structural enhancements in IS/IT; accelerated service delivery transformation; supply chain efficiencies; and structural efficiency gains in G&A. Savings will include both headcount reductions as well as savings in external costs. Measures will include both new and already initiated actions, such as the discontinuation of the modems operations and savings from the establishment of global ICT centres. CFO Jan Frykhammar said the company's aim is to strengthen the core business, build strength in targeted areas and continue to improve cash flow.
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