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Bharti Airtel quarterly revenues up 3% on mobile data growth

2015-08-05 11:39:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel reported revenues for its fiscal first quarter to June of INR 236.7 billion, up 3.1 percent from a year earlier. Growth was led by mobile data services, up 56.9 percent to INR 34.6 billion as data traffic grew 86.5 percent over the same period. EBITDA increased 6.4 percent to INR 82.6 billion, and the margin rose 1.1 percent points to 34.9 percent, driven by improved profitability in India. EBIT was up 14.2 percent to INR 42.2 billion, and net profit rose 40.2 percent to INR 15.5 billion, as higher interest costs and forex losses were offset by a gain of INR 4.6 billion on towers disposals. Capital expenditure was stable year-on-year at INR 39.9 billion, while operating cash flow rose 13 percent to INR 42.7 billion. 

Tags: data mobile growth quarterly

 

Liberty Global growth slows in Q2 after Dutch merger

2015-08-05 08:33:00| Telecompaper Headlines

(Telecompaper) Liberty Global added just 115,000 new revenue-generating units in the second quarter, for a total 52.9 million at the end of June, as its merger in the Netherlands led to a loss of customers there. The 87,000 RGUs lost in the Netherlands were offset by a return to growth of 92,000 in Germany, a small acquisition in Romania and improving performance in the UK. Revenue growth in the UK, Germany and Belgium also helped the cable operator achieve organic revenue growth of 3 percent year-on-year in the quarter and operating cash flow up 4 percent. Total revenues were still down slightly due to the stronger dollar, to USD 4.26 billion from USD 4.30 billion a year ago, while operating cash flow rose 2 percent to USD 2.06 billion. Liberty Global's capital expenditure increased to USD 971 million or 22.8 percent of revenue from USD 895 million or 20.8 percent in Q2 2014, driven mainly by the integration of Ziggo and UPC in the Netherlands. The company said it's taking measures to improve results in the Netherlands and expects to start benefiting from synergies there in H2 as well, leading to stronger customer, revenue and cash flow growth in the rest of the year. In addition, the company said it's finalized the 'Liberty 3.0' programme, which will lead to a new organisational structure and growth plans. Liberty said the plan should "unlock efficiencies", much of will be reinvested to drive faster revenue and operating cash flow growth in the high single digits over the medium term.

Tags: global growth dutch liberty

 
 

PG&E Proposes Smart Energy Reform in Support of Growth of Rooftop Solar

2015-08-05 05:32:00| Transmission & Distribution World

Pacific Gas and Electric Company (PG&E), which has interconnected more rooftop solar power than any utility in America, is proposing smart energy reform in support of sustainable growth of solar power as a vital resource for California. read more

Tags: support energy growth smart

 

Economic growth set to slow: NIESR

2015-08-05 01:51:10| BBC News | Business | UK Edition

UK economic growth is set to slow down in the third quarter, the National Institute of Economic and Social Research said.

Tags: set growth economic slow

 

Could a hot real estate market stunt SoulCycle's growth?

2015-08-04 23:16:00| Real Estate - Topix.net

Could the burning hot Manhattan real estate market derail SoulCycle's dramatic ride to the top of the exercise food chain? The trendy cycling company, which recently announced its plans to go public, thinks rising rents and an increasingly tight retail real estate market in top markets such as New York are some of the primary risks to its business model, it revealed in an S-1 filing with the Securities and Exchange Commission last week. "Our ability to negotiate favorable terms on an expiring lease or conversely for a suitable alternate location could depend on conditions in the real estate market, competition for desirable properties and our relationships with current and prospective landlords," the company revealed.

Tags: real estate market hot

 

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