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Comcast sees small drop in TV subs, broadband still strong

2016-07-27 14:32:00| Telecompaper Headlines

(Telecompaper) Comcast lost 4,000 TV subscribers during Q2, but said it was the best performance in a second quarter for 10 years. Broadband customer growth also remained strong, adding 220,000 new users in the three months for a total 23.987 million, and telephony subscribers increased by 64,000 to 11.641 million. Total customer relationships rose by 115,000 to nearly 28.1 million, of which almost 10.3 million were on triple-play plans. Revenue from its cable business was up 6.0 percent year-on-year in Q2 to USD 12.4 billion, helped by the customer growth, upgrades to higher tiers and price increases. Operating cash flow increased a slower 5.7 percent to USD 5.0 billion, after a 6.2 percent rise in operating costs due mainly to higher content costs, as well as spending to improve customer service and boost marketing and support services for rolling out new equipment such as the X1 platform and cloud DVR. Capital expenditure at the cable activities was up 12 percent from a year earlier to USD 1.88 billion.

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Apple sees iPhone sales drop again but beats forecasts

2016-07-26 22:55:38| BBC News | Business | UK Edition

Apple reports a second consecutive quarter of falling iPhone sales, but the 15% drop was not as bad as analysts had feared.

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Permasense Americas Sees Stellar Growth, Moves to Larger Premises

2016-07-26 16:00:00| Offshore Technology

Permasense, the leading provider of remote monitoring solutions to the oil, gas and petrochemicals industries, has relocated its Houston premises to accommodate its expanding team. The UK-headquartered company, which launched its Houston operation la

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Royal Mint sees big rise in profits to 13.1m

2016-07-26 09:00:03| BBC News | Business | UK Edition

The Royal Mint announces a big rise in profits to 13.1m for 2015/16.

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New IMB report sees drop in sea piracy

2016-07-26 01:00:00| Ship Technology

A new report from the International Chamber of Commerce's International Maritime Bureau (IMB) has found that piracy and armed robbery at sea has been reduced to its lowest levels since 1995.

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