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Softbank doubles revenues, net profit stable in Q3

2014-02-12 11:53:00| Telecompaper Headlines

(Telecompaper) Japanese communications provider Softbank posted a net profit of JPY 93.3 billion for its fiscal third quarter to December, down slightly from JPY 94.23 billion due to losses at its US operator Sprint. EBITDA improved to JPY 483.7 billion from JPY 286.3 billion, and revenues nearly doubled, to JPY 1.963 trillion from JPY 842.3 billion. Capital expenditure also doubled, to JPY 404.6 billion from JPY 201.4 billion, leading to a drop in operating cash flow to JPY 46.4 billion from JPY 74.3 billion. In Japan, the company posted higher revenues at all its mobile operations - Softbank Mobile, eAccess and Willcom - helped by the net addition of 1.384 million new customers in the three months. Mobile revenues rose to JPY 817 billion from JPY 630 billion a year earlier, and EBITDA improved to JPY 275 billion from JPY 197 billion, in part due to the acquisitions of eAccess, GungHo, Supercell and Willcom. Handsets sales jumped to 3.713 million from 3.150 million in the preceding quarter, but ARPU continued lower, at JPY 4,090 versus JPY 4,120 in the previous quarter and JPY 4,300 a year earlier. At the company's fixed broadband unit, ADSL subscribers fell to 1.921 million from 1.997 million at the end of September, while fibre customers rose to 2.378 million from 2.290 million over the same period. 

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America Movil grows net profit 15.7% in Q4

2014-02-12 08:44:00| Telecompaper Headlines

(Telecompaper) America Movil reported fourth-quarter net profit of MXN 17.2 billion, up 15.7 percent from a year earlier. The result included a charge of MXN 10.2 billion for foreign exchange losses. EBITDA improved 1.4 percent to MXN 63.5 billion, and revenues were up 3.1 percent to MXN 204 billion. Excluding exchange rate effects, EBITDA rose 5.7 percent and revenues rose 7.8 percent, with a 5.4 percent increase in service revenues. The main growth drivers were mobile data and pay-TV, which grew at constant rates by 18.8 and 21.8 percent respectively. America Movil finished the year 339 million revenue-generating units, up 4.2 percent from 2012. In the fourth quarter alone, the company added 4.8 million mobile customers and 1.2 million RGUs at its fixed-line businesses. This gave it a total 270 million mobile users and 69 million fixed RGUs at the end of 2013. The company's net debt increased over the year from MXN 372 billion to MXN 447 billion, equal to 1.7 times EBITDA. This helped fund MXN 130 billion in capital expenditure, MXN 86.5 billion in shareholder returns and MXN 15.4 billion on acquisitions last year. 

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Biotech breakthroughs net two scientists Rappaport prize

2014-02-11 21:58:09| Biotech - Topix.net

Scientists from the Technion and Hebrew University are this year's winners of the Rappaport Prize for Excellence in Biomedical Research, given out by the Technion's Rappaport Institute .

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FCC Chairman Promises Action on Net Neutrality

2014-02-11 19:34:04| PC Magazine Software Product Guide

FCC Chairman Tom Wheeler will soon release his plan for how to proceed on net neutrality.

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FCC Chairman Promises Action on Net Neutrality

2014-02-11 17:34:17| PC Magazine Wireless Networking Product Guide

FCC Chairman Tom Wheeler will soon release his plan for how to proceed on net neutrality.

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