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Telecom Italia FY results fall short of targets
2013-02-08 09:35:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported full-year results short of its targets, due to continued weakness in Italy and a slowdown in Brazil. The company had forecast flat sales and EBITDA for the year and reported revenues down 1.5 percent to EUR 29.5 billion and EBITDA 4.2 percent lower at EUR 11.7 billion. In Italy, revenues fell 5.8 percent to EUR 17.9 billion, hurt by cuts to mobile termination rates, tough competition and the weak economic climate. Net debt fell to EUR 28.3 billion at year-end from EUR 30.4 billion in 2011, but did not meet the group's target of EUR 27.5 billion. Operating cash flow improved to EUR 6.5 billion from EUR 5.8 billion in 2011. Telecom Italia said it will publish a new strategic plan for 2013-2015 at the presentation of its annual results later on 08 February. It has also decided to delay a decision on the proposed sale of its broadcast unit, Telecom Italia Media.
Tags: results
short
fall
italia
Telecom Italia fails to meet 2012 year-end targets
2013-02-08 01:00:00| Total Telecom industry news
Italian incumbent posts EBITDA of 11.66 billion; debt stands at 28.27 billion.
Tags: meet
italia
telecom
fails
Rise in investments, costs hit Globe Telecom 2012 net profit
2013-02-06 01:00:00| Total Telecom industry news
Philippines operator says it expects to maintain revenue growth momentum in 2013.
Dutch telecom KPN posts loss in fourth quarter, will issue ?4 billion in new shares
2013-02-05 13:22:44| Telecom - Topix.net
Royal KPN NV, the largest telecommunications company in the Netherlands, said Tuesday it plans to issue 4 billion in new shares to regain financial stability after a bad year that finished with the company posting a fourth quarter loss of 162 million.
SK Telecom Quarterly Net More Than Doubles on Posco Stake Sale
2013-02-05 08:57:00| Telecom - Topix.net
SK Telecom Co. , South Korea 's largest mobile-phone operator, said fourth-quarter profit more than doubled after selling real estate and a stake in steelmaker Posco.
Tags: net
sale
quarterly
telecom
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