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Sprint lowers EBITDA outlook, plans 2,000 job cuts
2014-11-04 08:51:00| Telecompaper Headlines
(Telecompaper) Sprint's new CEO has announced plans to reduce operating costs by USD 1.5 billion and cut 2,000 jobs at the operator. The workforce reduction is expected to save USD 400 million a year. The company is also reviewing the rest of its management and plans to add more new candidates, both external and from parent company Softbank. Appointed in August, the new CEO Marcelo Claure aims to reposition Sprint as the 'best value in wireless'. In addition to cutting operating costs, Sprint is working to complete its network upgrade and LTE roll-out, which has been impacting the customer experience and increasing churn. Sprint lost 336,000 retail postpaid customers in Q3. Prepaid customers fell by 20,000, while the operator gained 840,000 wholesale connections. This left it with just over 55 million customers at the end of September. Postpaid ARPU fell to USD 60.24 from USD 61.65 in Q2 and USD 63.48 a year ago. Total revenues fell to USD 8.49 billion from USD 8.68 billion a year earlier, while adjusted EBITDA rose slightly year-on-year to USD 1.386 billion or 18.6 percent of revenue. The company said the loss of customers and pressure on wireless revenue, as well as increased selling costs for new tariff plans, will put pressure on results in the last quarter. Sprint lowered its adjusted EBITDA forecast for 2014 to USD 5.8-5.9 billion from a previous estimate of USD 6.7-6.9 billion.
KPN sales drop 4.9%, EBITDA down 15% in Q3
2014-10-28 08:22:00| Telecompaper Headlines
(Telecompaper) KPN reported third-quarter sales down 4.9 percent to EUR 1.98 billion, hurt by mobile price pressure and continued weakness in the enterprise market. EBITDA fell 15 percent year-on-year to EUR 633 million, of which 3 percent of the drop came from ending its handset leasing offer. The net result was a loss of EUR 76 million, in part due to a writedown of the value of its option to buy out Reggefiber by EUR 114 million. The Dutch operator said it was satisfied with the results, with customers growing on the mobile market and more bundled services delivered to businesses. Customer satisfaction also appears to be improving, following the simplification of the group's service range. KPN left its outlook unchanged, for growth in free cash flow next year, thanks to lower interest charges and taxes. The company also targets a higher dividend next year, compared to this year's 7 cents per share. For the rest of this year, KPN targets a stabilisation in results. Capex is expected to reach EUR 1.4 billion in 2014 and EUR 1.5 billion next year. KPN said it plans to use part of the EUR 5 billion received from the sale of E-Plus to pay off EUR 2 billion in outstanding bonds. It will also increase its stake in Reggefiber and contribute EUR 200
Mobistar raises FY EBITDA outlook
2014-10-20 09:04:00| Telecompaper Headlines
(Telecompaper) Mobistar expects to report revenues of EUR 934 million and adjusted EBITDA of EUR 218 million for the first nine months of 2014. The Belgian operator also increased its outlook for the full year, to adjusted EBITDA of EUR 260-280 million from an earlier target of EUR 250-280 million, helped by its ongoing cost reduction programme. The company said it added 55,267 new retail customers in Belgium in the third quarter, led by net growth in postpaid, particularly in the consumer market. Its total customer base, including Luxembourg and wholesale customers, reached 5.543 million at the end of September, up by 413,927 from a year earlier. ARPU in Belgium totaled EUR 23.9 per month in Q3.
Tags: outlook
raises
ebitda
mobistar
Rise in operating costs impacts Global Brands H1 EBITDA
2014-08-22 18:16:16| Logistics - Topix.net
A rise in operating costs negatively impacted EBITDA in the first six months of 2014 at Global Brands Group, a Hong Kong based marketer of branded apparel, fashion accessories and lifestyle products.
Tags: global
costs
operating
brands
Swisscom raises FY EBITDA outlook after solid H1
2014-08-20 09:12:00| Telecompaper Headlines
(Telecompaper) Swisscom slightly increased its annual EBITDA target after a solid performance in the first half of the year. The company still expects moderate growth in revenue this year, but EBITDA is now estimated at over CHF 4.4 billion, versus CHF 4.35 billion previously. In the first six months, revenue rose 1.9 percent year-on-year to CHF 5.70 billion, and EBITDA was up 3.8 percent to CHF 2.18 billion. Net profit fell 1.6 percent to CHF 806 million, amid an increase in depreciation, finance costs and taxes. Swisscom maintained its budget for CHF 2.4 billion in capital expenditure this year, after spending CHF 1.12 billion in H1. The increase in capex led to a small drop of 3.5 percent in operating cash flow to CHF 830 million in the first half.
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