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Tag: bln
Facebook revenues increase 53% to reach USD 1.81 bln in Q2
2013-07-24 22:27:00| Telecompaper Headlines
(Telecompaper) Facebook revenue for the second quarter 2013, ending 30 June 2013 increased 53 percent year-over-year to USD 1.81 billion from USD 1.18 billion. Advertising revenue represented 88 percent of total revenue and increased 61 percent to reach USD 1.60 billion. Mobile advertising revenue represented 41 percent in the quarter and revenue from payments and other fees increased 11 percent to USD 214 million. GAAP costs and expenses dropped 35 percent to USD 1.25 billion. Excluding share-based compensation and related payroll tax expenses, non-GAAP costs and expenses were USD 1.02 billion, up 52 percent from USD 669 million.
Tags: increase
reach
usd
revenues
Huawei reports H1 sales up 10.8% to CNY 113.8 bln
2013-07-24 09:46:00| Telecompaper Headlines
(Telecompaper) Huawei reported sales up 10.8 percent year-on-year to CNY 113.8 billion in the first half, driven by steady growth in carrier network equipment, enterprise market expansion and rapid growth in consumer products. The company had reported 5 percent annual revenue growth in the first half of last year. CEO Cathy Meng said Huawei expects to meet its target to increase revenues by 10 percent in the full year and anticipates a 7-8 percent net profit margin. The company did not disclose any profit figures for the first half, although it said it would continue to focus on its pipe strategy, increase investment in core growth areas, and boost efficiency through operational and management reviews and improvements.
Tags: sales
reports
cny
huawei
Etisalat offers EUR 4.5 bln for Maroc Telecom stake
2013-07-23 09:31:00| Telecompaper Headlines
(Telecompaper) French conglomerate Vivendi and UAE-based operator Etisalat have entered into exclusive negotiations to finalise an agreement for the sale of Vivendi's 53 percent shareholding in Maroc Telecom. Etisalat's offer values the controlling stake at MAD 92.6 per share, resulting in proceeds for Vivendi of EUR 4.2 billion in cash, including the 2012 dividend of EUR 310 million. Including Maroc Telecom's net debt, the enterprise value for Vivendi's stake is EUR 4.5 billion, equal to 6.2x EBITDA. Vivendi said a final agreement still depends on consultations with works councils and an agreement between Etisalat and the Moroccan government, which is the other major shareholder in Maroc Telecom. Negotiations are also underway with Moroccan institutional investors that may invest in the operator. Pending regulatory approval, the companies aim to close the deal by the end of this year.
Tags: offers
eur
telecom
maroc
Oi sells GlobeNet to BTG Pactual for over BRL 1.7 bln
2013-07-16 07:07:00| Telecompaper Headlines
(Telecompaper) Brazilian telecom group Oi has agreed to sell its stake in Brasil Telecom Cabos Submarinos and its subsidiaries, located in Venezuela, Colombia, Bermuda and the US (jointly known as GlobeNet) to Brazilian investment fund BTG Pactual. The acquisition price reaches BRL 1.745 billion, subject to certain adjustments stipulated in the contract.
Baidu to acquire 91 Wireless for USD 1.9 bln
2013-07-16 04:37:00| Telecompaper Headlines
(Telecompaper) Chinese search provider Baidu has agreed to buy 91 Wireless Websoft, a developer of online games and mobile applications in China, for a total USD 1.9 billion. Baidu has signed a MoU and aims to reach a definitive agreement by 14 August to purchase NetDragon's 57.41 percent equity interest in 91 Wireless. Until then, NetDragon is restricted from approaching or discussing with any third parties the sale of 91 Wireless. Baidu intends to purchase the remaining equity interests in 91 Wireless from other shareholders based on terms and conditions similar to those offered to NetDragon.
Tags: wireless
usd
acquire
baidu
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