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Liberty Global posts Q3 net profit on revenues up 5%

2014-11-06 08:27:00| Telecompaper Headlines

(Telecompaper) Liberty Global reported third-quarter revenues up 5 percent year-on-year to USD 4.5 billion. Organic growth, excluding forex effects and a number of small acquisitions, was 3 percent, led by growth in Belgium and Germany. The cable group added 344,000 revenue-generating units in the three months on an organic basis, for a total 49.2 million at the end of September. The addition of 239,000 broadband customers and 151,000 telephony subscribers helped offset the loss of 46,000 TV customers. At the end of Q3, the group had 10.4 million triple-play customers, which exceeded the single-play customer base (10.1 million) for the first time. Quarterly operating cash flow rose 6 percent to USD 2.1 billion, and the net result turned to a profit of USD 157 million versus a loss of USD 830 million a year ago. Capital expenditure was down slightly to USD 908 million or 20 percent of revenue. Liberty also announced that it has completed the acquisition of Dutch cable operator Ziggo and will start integration of the company immediately. Helped by Ziggo's liquidity, the company also plans to resume its share repurchase programme and buy back USD 2.6 billion in shares over the next 14 months. 

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Verizon appears to soften its stance against net neutrality rules

2014-11-05 22:46:20| Telecom - Topix.net

The broadband provider, which sued the FCC over the agency's 2010 rules, says it might not challenge a basic set of regulations Verizon Communications seems to be softening its stance against Net neutrality rules, suggesting it could live with a basic set of regulations. Verizon had been the only one of the four largest U.S. broadband providers to oppose any new Net neutrality rules being considered by the U.S. Federal Communications Commission, but in a blog post this week , the company seemed to endorse rules originally proposed by FCC Chairman Tom Wheeler earlier this year.

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Verizon appears to soften its stance against net neutrality rules

2014-11-05 20:21:15| IT Services - Topix.net

Verizon Communications seems to be softening its stance against net neutrality rules, suggesting it could live with a basic set of regulations. Verizon had been the only one of the four largest U.S. broadband providers to oppose any new net neutrality rules being considered by the U.S. Federal Communications Commission, but in a blog post this week , the company seemed to endorse rules originally proposed by FCC Chairman Tom Wheeler earlier this year.

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Zoetis Reports Higher Reveue, Net Income in Third Quarter

2014-11-05 01:00:00| ThePigSite - Industry News

US - Among the headlines of its third quarter 2014 results, Zoetis has reported revenue of $1.2 billion and net income of $166 million, which represent increases of 10 per cent and 27 per cent, respectively, from the same quarter of last year.

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Steel Dynamics Inc. reports growth in net income for 3Q 2014

2014-11-04 22:58:09| Steel - Topix.net

Steel Dynamics Inc. , headquartered in Fort Wayne, Indian, has announced third quarter 2014 net sales of $2.3 billion and net income of $91 million, or 38 cents per diluted share, which includes the negative impact of approximately 9 cents per diluted share related to acquisition costs, financing fees and the effect of purchase accounting adjustments for its Severstal Columbus LLC acquisition in mid-September. Excluding these charges, the company's third quarter 2014 earnings would have been 47 cents per diluted share.

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