Malaysian mobile operator TM International posts a 25.7% downfall in net profits of Q3′08 driven by losses incurred by its foreign operations along with increased financial costs. The operator anticipates a further dip in profits due to financial slowdown faced by regional operators, especially the currency exchange rates.
TM International earned $67.37 million in Q3′08. “Profit in the current quarter had been affected by the negative contribution from associates and jointly controlled entities amounting to loss of $5.76 million compared to profit of $3.17 million in Q3′ 07,” TMI said.
Higher net finances were accounted due to the amount it owed to Telekom Malaysia and acquisition loans for Indian operator Idea Cellular.
Wireless Federation » archive for 'Net Profits'
TM International posts a dip of 25.7% in net profits of Q3′08 (Malaysia)
- November 27th, 2008
- 6:18 am
Orascom Telecom net profits fall by 28% in Q3 as Mobilink’s revenues decline (Egypt)
- November 18th, 2008
- 9:09 am
Orascom Telecom, the Egyptian mobile operator, posts a net profit of $90.5 million for Q3′08, experiencing a fall of 28% since 2007, driven by a fall in revenues in its Pakistani operations.
“Most of our businesses, with the exception of Pakistan, continue to perform on target in terms of growth and profitability,” chairman Naguib Sawiris said in a statement. “In Pakistan the political, security, financial and economic conditions have been very difficult.”
ARPU for Mobilink Pakistan declined by 26% due to the depriciation in Pakistan Rupee against US Dollar.
The company posted $1.37 billion of revenues for Q3. The Egyptian operator ended the quarter with a subscriber base of 79 million, experiencing a rise of 22% since last year.
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Telefonica posts a subscriber base of 189 million at Q3′08 end
- November 17th, 2008
- 7:36 am
Telefonica reports a rise in Q3′08 revenues by 5.7% to $ 18.82 billion since ;ast year driven by continous growth in its mobile activities in Latin America. OIBDA fell 15.4% to $7.41 billion and net profits slipped to $2.51 billion, a fall of nearly 50%. driven by one-time gain in the year-earlier period for selling Endemol. Revenues in Latin America rose 14.5% to $7.26 billion, and Telefonica Spain’s revenues increased by 2% to $6.76 billion. Telefonica in Europe posted a 0.6% fall in sales to $4.63 billion. Telefonica subscriber base grew by 6.2 million in Q3′08 ending the quarter with 189 million mobile subscribers.
Dialog Telekom exceeds a subscriber base of 5 million at Sept-end (Sri Lanka)
- November 17th, 2008
- 6:44 am
Dialog Telekom, Sri Lanka’s leading mobile operator by subscribers, reports a fall of 86% in its net profits for 9 months driven by higher energy and network costs and rising inflation. The profits came down to $9.36 million in comparison to $66.38 million since last year. Overall group turnover for the period rose 9% to $249.15 million. It ended the 9 month period with a subscriber base of more than 5 million, acquiring 50% of Sri Lankan mobile market.
AIS earns net profit of $130 million in Q3′08 (Thailand)
- November 12th, 2008
- 5:51 am
AIS Thailand, posts a 29% rise in Q3′08 earning, calling for larger subscriber base. AIS reported Q3′08 net profits of $130 million up from $100.22 million.
AIS valued at $7 billion holds 50% of the Thai mobile market leading its way ahead of DTAC which has a market share of 30%.
Virgin Mobile’s ARPU falls to $20.19 in Q3′08 (USA)
- November 11th, 2008
- 5:54 am
Virgin Mobile USA, posts its net earning in Q3′08, where its profits rose, in contrast with the economy crisis, driven by Helio’s acquisition.
“These results clearly demonstrate that we’ve done quite a good job in making the Helio customers immediately profitable,” says CEO Dan Schulman.
“We’re at the beginning of what could be a deep and long recessionary period and so I think it would be quite optimistic to think we’re coming out of this at the end of 2009. I think that has the potential to go on 18 to 24 months, or longer, before we see a rebound,” he said.
According to Schulman the economic crisis had made this prepaid or pay-as-you go wireless service specialist more attractive and its tariffs more lucrative making it earn net profit of $4.1 million in Q3.
Total operating revenue rose to $323.2 million, rising from $319.5 million since last year and the ARPU in the Q3 saw a downfall of 2% from a year earlier to $20.19.
Telekom Austria’s profits fall to $204.2 million y-o-y basis (Austria)
- November 11th, 2008
- 4:41 am
Telekom Austria posts a fall of 6.2% in net profits in Q3′08, to $204.2 million from $217.76 million in 2007. Revenues rose by 4% year-on-year at $1.66 billion, in line with estimates, while EBITDA went up by 3% to $1.89 billion. Sales for the telco were caused by consolidation of Belarusian cellular operator Velcom. The operator ended Q3′08 with a subscriber base of 17 million, a rise of 51.5% year-on-year, driven by addition of Velcom and organic growth across all subsidiaries.
Belgacom posts Q3 revenues of $1.89 billion, down by 2.6% (Belgium)
- November 10th, 2008
- 5:43 am
Belgiums leading telcoms company, Belgacom reports net profit of $276.8 Million, observing a fall of 7.3% in Q3′08 and revenues of $1.89 billion, down by 2.6% since last year, caused by economic breakdown.
The company said that despite all the challenges from strong competition and pricing regulations, its core results were “solid” for the quarter.
Its mobile operator Proximus added 33,000 new mobile subscribers.
The company continues to look for new acquisition opportunities outside Belgium but good deals that create shareholder value are “not that common.”
Oi posts net profits of BRL 246.5 million in Q3′08, fall of 61.2% (Brazil)
- November 4th, 2008
- 11:04 am
Oi, one of Brazil’s leading mobile operator posts Q3′08 net profits of BRL 246.5 million, fall of 61.2% y-o-y basis due to negative currency effects.
Revenues rose by 9.3% to BRL 6.93 billion, while EBITDA fell 3.6% to BRL 1.62 billion. Oi added 1.701 million revenue-generating units in Q3, for a total 37.8 million at the end of September.
Capex was down 33% from 2007 to BRL 1.19 billion, even after it had spend on the launch of number portability and mobile operations in Sao Paolo. The mobile subscriber base rose by 7.7% since Q2 to 21.867 million, of which 84% were prepaid subscribers. Mobile ARPU declined 2.7% from June-end to BRL 21.4.
Airtel posts a subscriber base of 77.5 million (India)
- October 31st, 2008
- 6:54 am
Bharti Airtel, India’s leading mobile operator posts rising profits for its fiscal Q2′08. The net profits were at $414 million, a rise of 26.8% quaterly, were less than the market forecasts.
The mobile operator totalled its subscriber base to 77.5 million, adding nearly 8.1 million new subscribers.
