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Maroc Telecom FY net profit up 5.6% to MAD 5.85 bln

2015-02-23 09:33:00| Telecompaper Headlines

(Telecompaper) Maroc Telecom said its net profit for 2014 increased by 5.6 percent to MAD 5.85 billion from 2013 following an exceptional expense related to the settlement of a tax dispute in 2013. The group's customer base reached over 40 million customers by 31 December 2014, an increase of 8.2 percent compared with 2013, primarily due to the international operations, where the customer base is around 20 million customers, up 17 percent in one year. Revenues rose by 2.1 percent to MAD 29.14 billion, up 2.1 percent from 2013 at a constant exchange rates. This performance is primarily explained by an 11.3 percent increase in international operations, and a 0.8 percent decrease in revenues in Morocco.

Tags: net profit mad telecom

 

Dante Ramos: Net neutrality needs choice, not bureaucracy

2015-02-22 13:35:32| IT Services - Topix.net

Senator Ted Cruz has dismissed the idea as " Obamacare for the Internet ." And that was a high point in the debate.

Tags: net choice ramos dante

 
 

On US net neutrality rules, 11th-hour push against vague rule

2015-02-21 00:53:23| Telecom - Topix.net

As the U.S. Federal Communications Commission prepares to vote on new rules for high-speed Internet service, one aspect of the rules is drawing criticism from both opponents and proponents of tighter regulation. WASHINGTON: As the U.S. Federal Communications Commission prepares to vote on new rules for high-speed Internet service, one aspect of the rules is drawing criticism from both opponents and proponents of tighter regulation.

Tags: net rules rule push

 

Telecom Italia FY sales down 7.8%, improves net debt

2015-02-20 08:49:00| Telecompaper Headlines

(Telecompaper) Telecom Italia reported full-year revenues down 7.8 percent to EUR 21.57 billion, a slight improvement on the previous year's fall of 9.1 percent. In a statement setting out its preliminary results, the company said its EBITDA for the year fell 7.9 percent to EUR 8.79 billion, while the EBITDA margin remained stable at 40.7 percent (40.8 percent in 2013). Net debt was reduced by EUR 156 million to EUR 26.65 billion, including the impact of EUR 0.9 billion for spectrum acquisition in Brazil and Argentina. Capex increased by EUR 584 million to EUR 4.98 billion, including the purchase of frequencies in the 700 MHz band in Brazil. Telecom Italia said the recovery of revenue performance in Italy continued thanks to improvements in its fixed and mobile businesses. Full-year sales fell 6.6 percent to EUR 15.30 billion, compared to a 9.6 percent decline the previous year. EBITDA dropped to EUR 6.99 billion compared to the previous year's EUR 7.74 billion, while capex came in at EUR 2.78 billion compared to EUR 3.03 billion in 2013. Telecom Italia's mobile unit TIM reported service revenues of EUR 5.09 billion for the year, down 8.7 percent from the previous year's result of EUR 5.58 billion. Wireline revenues dropped 6.7 percent to EUR 10.99 billion compared to EUR 11.79 billion in 2013.

Tags: net sales italia debt

 

The top critic of the White House's net neutrality plan was appointed by Obama

2015-02-20 08:20:04| Telecom - Topix.net

One of President Barack Obama's appointees on the Federal Communications Commission has spent the past few weeks on a high profile campaign to attack White House's "net neutrality" plan. "The American people are being misled about President Obama's plan to regulate the internet," Pai declared at the FCC's headquarters in Washington .

Tags: was top net plan

 

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