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Pakistan raises USD 1.1 bln in 3G, 4G auction
2014-04-24 12:35:00| Telecompaper Headlines
(Telecompaper) Pakistan has completed its long-awaited 3G spectrum auction, with four operators winning licences. The four qualified bidders - Mobilink, Telenor, Ufone and Zong - each picked up licences for the 2,100 MHz band. Mobilink and Zong each acquired 2x10 MHz for just over USD 300 million, and Telenor and Ufone 2x5MHz each for USD 147.5 million. Zong also acquired one of two 4G licences on offer for the reserve price of USD 210 million. The second will be auctioned later. Sikanadar Naqi, a Zong advisor, told AFP the company plans to begin 3G services in Lahore and Karachi immediately. Operators must pay half the licence fees upfront and the remainder in installments over five years.
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auction
pakistan
raises
Bank raises UK growth forecast
2014-04-23 16:46:02| BBC News | Business | UK Edition
The Bank of England raises its estimate of economic growth in the first quarter of the year and a CBI survey indicates robust growth in the manufacturing sector.
Tags: bank
growth
forecast
raises
AT&T raises FY outlook after strong Q1
2014-04-23 09:03:00| Telecompaper Headlines
(Telecompaper) AT&T raised its sales growth forecast for the full year after a strong first-quarter performance. Revenues in the first three months of the year rose 3.6 percent to USD 32.5 billion, its strongest growth in two years, and the US operator now expects to achieve at least 4 percent growth over the full year. The operating margin improved to 19.3 percent from 18.9 a year ago, and net profit rose to USD 3.7 billion or 70 cents a share, from USD 3.7 billion or 67 cents a share. Adjusting for USD 0.01 per share of Leap transaction-related costs, EPS rose to USD 0.71 from USD 0.64 in the year-ago quarter, an increase of almost 11 percent. The Leap takeover closed on 13 March. AT&T expects USD 1.2 billion in integration costs for the acquisition in the next two years, while the takeover will have a negative impact of USD 0.05 on EPS this year. Despite this, AT&T still expects stable margins this year and mid-single digit growth in adjusted EPS. The operator forecast capital expenditures around USD 21 billion in 2014, after USD 5.8 billion in Q1, and free cash flow of USD 11 billion over the full year, versus USD 3.0 billion in Q1.
Tags: strong
att
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raises
United Technologies Raises Forecast With Aviation Sales Gain
2014-04-23 05:52:04| Industrial Machines - Topix.net
The maker of aircraft parts and Otis elevators raised the lower end of its 2014 earnings forecast today after beating analysts' first-quarter profit estimates.
Tags: united
sales
gain
technologies
United Technologies Raises Forecast on Aviation to Building Gain
2014-04-22 16:32:35| Paper - Topix.net
The maker of aircraft parts and Otis elevators raised the lower end of its 2014 earnings forecast today after beating analysts' first-quarter profit estimates.
Tags: united
building
gain
technologies
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