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SK Telecom grows Q2 profit more than triples

2013-07-31 06:45:00| Telecompaper Headlines

(Telecompaper) South Korean communications provider SK Telecom posted net profit of KRW 468 billion in the second quarter, up 288 percent from KRW 121 billion in the same period a year ago, as positive earnings from SK Hynix contributed KRW 197 billion to pre-tax profits. Operating revenues amounted to KRW 4.2 trillion, an increase of 3.9 percent from the same period last year. The increase was led by the growth of LTE subscribers and new businesses including B2B services. Mobile service revenue increased 4.5 percent year-on-year to KRW 2.8 trillion, while interconnection revenues decreased 18 percent year-on-year to KRW 217 billion resulting from the adoption of lower interconnection rates and new business, and other revenues increased 48 percent year-on-year to KRW 205 billion.

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SK Telecom, Samsung, Kia partner for connected car services

2013-07-31 02:00:00| Total Telecom industry news

Companies offer app to log journey information on smartphones, tablets.

Tags: services car partner samsung

 
 

PTCL, Vimpelcom eye Warid Telecom

2013-07-30 04:33:00| Telecompaper Headlines

(Telecompaper) UAE-based operator Etisalat has confirmed that its affiliate Pakistan Telecommunications Co (PTCL) is interested in bidding for mobile operator Warid Telecom. The owners, the Abu Dhabi Group, have put the Pakistani mobile operator up for sale recently. Etisalat confirmed to Reuters that PTCL expressed an interest in Warid Telecom. Telecommunications group Vimpelcom is also interested in Warid, Reuters writes citing two unnamed banking sources close to the matter.

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Is Verizon really the 'bogeyman' Canada's telecom giants claim?

2013-07-29 12:30:03| Telecom - Topix.net

Could shopping for a cellphone plan get easier with the possible entry of Verizon into the Canadian market? Canada's three big mobile-phone providers have been ramping up their campaign to sway public sentiment against the potential entry of U.S. telecom giant Verizon into the wireless market.

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Etisalat's Pakistani unit interested in buying Warid Telecom

2013-07-29 02:00:00| Total Telecom industry news

PTCL looking to trigger consolidation in Pakistan's mobile market.

Tags: interested unit buying telecom

 

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