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Bharti Airtel doubles quarterly net profit, sales up 6%

2015-02-04 13:29:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported revenues for its fiscal third quarter to December up 5.8 percent year-on-year to INR 232.2 billion (USD 3.75 billion). EBITDA rose a faster 9.6 percent to INR 77.9 billion, and the margin improved to 33.5 percent from 32.4 a year ago. Net profit more than doubled, to INR 14.4 billion from INR 6.1 billion. Amid a 60 percent increase in capex for rolling out LTE and expanding 3G in India, operating cash flow fell 23.4 percent to INR 32.8 billion. The mobile customer base increased 3.1 percent compared to September, to 299.71 million. Growth was strongest in Africa, up 4.5 percent to 74.60 million customers, while India grew by 2.6 percent to 217.22 million, and the rest of South Asia rose 2.8 percent to 7.89 million. The broadband customer base was little changed at 3.39 million, and TV subscribers increased by 2.8 percent in the three months to 9.81 million.

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People Power Is Winning Net Neutrality

2015-02-04 04:10:09| Telecom - Topix.net

Can the people ever win in an new age of oligarchy , when corporate power is so frequently and thoroughly unbound? After years of bumbling, blustering and bureaucratic attempts to avoid necessary action, the Federal Communications Commission is expected to move on Thursday to defend net neutrality. According to the design and technology blog Gizmodo , "It's Finally Game Time for Net Neutrality."

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Report: FCC Going Big With Net Neutrality Plan

2015-02-03 19:02:48| PC Magazine Software Product Guide

Wheeler will move to reclassify broadband as a telecom service rather than an information service.

Tags: net report plan big

 

Net Fix: Who's who in the fight for an open Internet

2015-02-02 15:09:36| Wireless - Topix.net

The Federal Communications Commission is getting ready to vote on new rules governing the Internet, and everyone from President Obama to comedian John Oliver have weighed in on the debate over Net neutrality. Here are a few of the people influencing the outcome.

Tags: net internet open fight

 

Harley-Davidson keeps pace with analysts' projections, increases net income 15% in 2014

2015-01-30 07:24:50| Automakers - Topix.net

Harley-Davidson Inc. a shipped 270,726 motorcycles around the world in 2014, and had net income for the year of $844.6 million, or $3.88 per share. Harley-Davidson Inc. rumbled to a 15 percent increase in profit in 2014, and matched analysts' expectations for the fourth quarter, according to MarketWatch, although sales in the U.S. remained relatively flat and the strong dollar squeezed operating income, the company said Thursday.

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