Google Inc reports a rise in its profits by 26% and in revenues by 31% in Q3′08. Google, the leading Internet firm has shown some stability in contrast to the economic crisis across the globe.
Google’s falling shares heaved by more than 8% after the declaration of the results which were better than expected. The report also shows the company’s progress as the growth slowed since Q2′08 where the profits rose by 34%.
Wireless Federation » archive for 'Shares'
Google profits rise by 26% in Q3′08, shares heave by 8% (USA)
- October 18th, 2008
- 5:25 am
Iran sells 2.293 billion TCI shares at $0.157 each
- August 11th, 2008
- 12:53 pm
Iranian Government has started the sale of a 5% stake in state wireline monopoly Telecommunications Company of Iran (TCI). Iran is selling 2.293 billion TCI shares at $0.157 each, valuing the stake at around $360 million. According to an analyst, ‘The sale of these shares is a symbolic act and not real privatisation.’
Stiff Competition in Kenya Mobile market, Safaricom shares drop
- August 7th, 2008
- 1:43 pm
Cut throat competition in Kenya’s mobile phone market which is going to affect Safaricom’s mobile market share by almost 25 %in the years ahead. The Chief Financial Officer Les Baillie said that Safaricom would fight to continue to keep its paying corporate customers by offering a variety of services, including newly-launched third generation technology. Soon, Kenya mobile market is going to be served by Johannesburg-based Econet Wireless and Telkom Kenya which is anticipated to affect safaricom and Celtel. According to media report, Safaricom has floated on the Nairobi stock exchange in June, Vodafone however leads the group which it has 40 percent stake in the firm. Price of Safaricom shares 5.70 shillings compared to the previous days 5.80 shillings. Baillie further said that the new competitors will take time to build up coverage and a distribution network since the company has locked in its own vendors.
Oi purchases USD599 million worth preffered shares in BrT (Brazil)
- July 23rd, 2008
- 2:08 pm
Oi, the Brazilian telecoms group, has purchased USD599 million (BRL948 million) worth of preferred shares in fixed line counterpart Brasil Teelcom (BrT) and its parent, Brasil Telecom Participacos, via a public tender offer.
In a stock market filing, Oi paid USD19.27 (BRL 30.47) per share for 20.8 million shares in the parent company and USD14.81 (BRL23.42) per share for 13.3 million of BrT’s preferred shares. Oi is looking to indirectly acquire one-third of BrT’s outstanding shares through companies controlled by the group.
