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Altice maintains outlook as revenue slide continues

2016-08-09 08:41:00| Telecompaper Headlines

(Telecompaper) Altice reported a continued slide in revenues in the second quarter, driven by weakness at SFR in France. Total revenues fell 2.6 percent year-on-year to EUR 5.828 billion, while French revenues dropped 4.3 percent to EUR 2.781 billion amid continued subscriber losses at SFR. Growth in the US as well as Portugal helped Altice's adjusted EBITDA increase 2.7 percent to EUR 2.265 billion, and the margin expanded by 2 percent points to 38.9 percent. Free cash flow fell 7.6 percent to EUR 1.157 billion on higher investment spending and a one-off payment for the joint venture in Israel. Altice reiterated its guidance for an improving trend in revenue this year at constant currency rates and mid-single digit growth in adjusted EBITDA in 2016.

Tags: continues revenue slide outlook

Smart Bots Create Phishing Messages to Slide into Your Mentions

2016-08-05 04:03:46| PC Magazine Security Product Guide

Researchers have used machine learning algorithms to perfect the art of phishing, do not @ me.

Tags: your create messages smart

Nokia plans more cost-cutting as Q2 sales slide 11%

2016-08-04 08:30:00| Telecompaper Headlines

(Telecompaper) Nokia has again raised its target for cost reductions, after reporting a further slowdown in the mobile broadband market in Q2. Pro forma revenues, adjusted for the takeover of Alcatel-Lucent, fell 11 percent year-on-year to EUR 5.676 billion, and the company's adjusted operating profit was down 49 percent to EUR 332 million. Nokia said it now aims to operating costs by EUR 1.2 billion by 2018, up from an earlier target of over EUR 900 million compared to 2015.

Tags: sales plans nokia slide