Wireless Federation

Italian Fastweb deepens net loss to EUR72m in 2010

On 02.18.11, In Mobile, By Editor

The board of directors of Italian broadband services provider Fastweb approved the draft balance for 2010 on February 17, reporting a net loss of EUR72.4m (USD98.3m), compared with a net loss of EUR34.4m, booked for 2009.

Consolidated revenue totaled EUR1.88bn, up 1.5% on the year.

The group’s earnings before interest, tax, depreciation and amortization (EBITDA) came in at EUR502.6m, accounting for 26.7% of revenues and rising 4.5% annually.

Fastweb posted a consolidated operating profit of EUR62.3m.

The net financial debt at the end of the year stood at EUR1.602bn, versus a debt of EUR1.443bn registered at end-2009.

Net investment totaled EUR426.9m, related mostly to connection of new subscribers.

Telkom Kenya shifts focus for 2010 following net loss

On 03.10.10, In Mobile, By Editor

www.WirelessFederation.com/news: In an attempt to recover, following a net loss of KES10 billion (USD124.6 million) in 2009, Telkom Kenya has announced that it will shift its strategic focus in 2010. Revenue of KES11 billion was generated by the company but due to higher levels of competition it turned to net loss.

The profit level of the industry also plunged when the operators dropped their prices to gain market share.

According to Telkom Kenya CEO, Mickael Ghossein, the company had encountered severe conditions in the last trading year that had affected its ability to generate profits and so the company has turned its focus on providing quality services, innovating and providing value for money.

The company has also planned to move the market towards true broadband connectivity, offering speeds of up to 8Mbps.

Filed under:Mobile Tagged with: Africa • Kenya • Net Loss • operator • Ovi • Telkom Kenya

Deutsche Telekom Q4 revenue rises 0.6%

On 02.25.10, In Mobile, By Editor

www.WirelessFederation.com/news: 0.6 percent increase in the Q4 revenue has been reported by Deutsche Telekom reaching EUR 16.20 billion. The rise has been attributed to the takeover of OTE which helped offset a slide in revenues in its home market Germany.

However, revenues in Germany were down 3.1 percent to EUR 6.40 billion. Due to negative currency effects and competitive pressures US sales declined 15.7 percent to EUR 3.66 billion and the weak results in the UK and Poland led to the revenues from Europe fall 11.5 percent to EUR 2.47 billion.

Group EBITDA improved 8.6 percent to EUR 5.07 billion and the lower impairment charges narrowed the net loss to EUR 3 million from EUR 730 million. According to DT, its save for Service cost-cutting programme has generated savings of EUR 5.9 billion, and will contribute another EUR 4.2 billion in cost reductions by 2012.

Filed under:Mobile Tagged with: Deutsche Telekom • EBITDA • Germany • Net Loss • North America • Poland • UK

Ukraine’s Ukrtelecom revenues recover

On 02.24.10, In Mobile, By Editor

www.WirelessFederation.com/news: Total consolidated revenues of UAH8.138 billion (USD1.035 billion) for full-year 2009 has been posted by Ukrtelecom, Ukraine’s national PTO and 3G mobile operator. The revenue is up from a reported UAH7.890 billion in 2008, and reversing the previous 2% year-on-year fall.

The net loss of the company narrowed from a whopping UAH1.528 billion in 2008 to UAH456 million last year.

The operating loss narrowed to UAH36 million in 2009, compared to UAH128 million the year before for the fixed line, broadband and cellular provider.

Filed under:Mobile Tagged with: 3G • ASIA • Net Loss • Operating Loss • operator • UK • Ukraine • Ukrtelecom

Jamaican telco LIME posts quarterly net loss of USD3.94 million

On 02.23.10, In Mobile, By Editor

www.WirelessFederation.com/news: With an increase of 70% in financing, depreciation and amortization cost, a net loss of JMD351 million (USD3.94 million) has been posted by Jamaican telco LIME for the three months ended December 31 2009. On the contrary, the company reported a net profit of JMD33 million in the same quarter in 2008.

JMD1.3 billion was the depreciation and amortization charges for the quarter while it was million for the comparative period in 2008.

Lime has cited recession and anti-competitive practices behind the negative results. According to the company, despite the challenging economic climate, the company continued to grow internet and data revenues and maintained market share on mobile

Filed under:Mobile Tagged with: Africa • Jamaica • Lime • Net Loss

Sprint suffers a net loss of USD2.44 billion in 2009

On 02.12.10, In Mobile, By Editor

www.WirelessFederation.com/news: A net loss of USD2.44 billion for the twelve months ended December 31, 2009 has been posted by Sprint Nextel, which is a 13% year-on-year improvement. A net loss of USD2.79 billion has also been suffered by the company and the revenues continued to fall, down 9% from USD35.64 billion in 2008 to USD32.26 billion a year later.

Operating income before interest, depreciation and amortization went down from USD7.66 billion to USD6.41 billion. The company also lost a total of 1.13 million wireless subscribers in 2009.

According to CEO Dan Hesse, Sprint’s performance built notable momentum during the second half of 2009 and the firm continues to closely manage costs, and in 2009 it generated the highest annual free cash flow since the merger.
The fourth quarter completion of the Virgin Mobile USA and iPCS acquisitions, as well as additional large investment in Clearwire, are hailed important for the future of the company.

Filed under:Mobile Tagged with: Acquisition • Clearwire • Free Cash Flow • merger • Net Loss • North America • Sprint • Sprint Nextel • USA • Virgin • Virgin Mobile

Irish telco Imagine reports a net loss of EUR9.2 million

On 02.05.10, In Mobile, By Editor

www.WirelessFederation.com/news: A net loss of EUR9.2 million (USD12.8 million) has been reported by Imagine Communications, the Irish telecoms venture founded by Sean Bolger in 2008. In the year 2008 also, the company suffered a loss of EUR8.8 million. The accumulated loss of the firm stood at EUR30.8 million at the same date.

The operating loss of the telco is almost EUR8 million, turnover from acquisitions has dipped to EUR11.4 million from EUR18.8 million and net debt has climbed from EUR5.2 million to EUR6.1 million.

Imagine’s revenue increased 66% year-on-year to EUR82.5 million and turnover climbed to EUR94 million in 2008, up from EUR68.7 million the previous year.

Filed under:Mobile Tagged with: Acquisitions • Europe • Imagine Communications • Irish • LG • Net Loss • Operating Loss

Sony Ericsson predicts ‘challenging’ 2010

On 01.28.10, In Mobile, By Editor

www.WirelessFederation.com/news: With a net loss of EUR 167 million in the fourth quarter as compared to the loss of EUR 187 million in the year-earlier period, a challenging 2010 is expected by Sony Ericsson. However, the operating loss was reduced to EUR 32 million from EUR 133 million a year ago and EUR 191 million in Q3.

Achievement of the full benefit of the targeted EUR 880 million in annual cost savings by the second half of this year has been expected by Sony Ericsson. Restructuring cost that should have stayed within the targeted EUR 500 million has already reached.

14.6 million phones were shipped by Sony in Q4, up slightly from 14.1 million in Q3 2009 but down from 24.2 million in the last quarter of 2008. Similar patterns were seen in the average selling price which is EUR 120 per phone as compared to EUR 114 in Q3 and EUR 121 a year earlier.

Filed under:Mobile Tagged with: Net Loss • Operating Loss • Sony Ericsson

Cosmote revenues up 31.6% in Q2, net profit flat

On 03.15.06, In Mobile, By Editor

Southeastern Europe mobile operator Cosmote has reported second-quarter revenues up 31.6 percent from a year ago to EUR 540.7 million. EBITDA increased 13.5 percent to EUR 203.6 million, while net profit slipped 2.9 percent to EUR 81.5 million. Cosmote attributed the drop in net profit to higher depreciation and financing charges from expanding its operations, as well as losses from its recently re-launched Romanian operation, which had a net loss of EUR 26 million in the quarter. Cosmote said it expects to complete the earlier announced acquisition of telecom retailer Germanos in the fourth quarter.

Source- http://www.telecompaper.com

Technorati : Cosmote, EBITDA, Mobile, Romania
Ice Rocket : Cosmote, EBITDA, Mobile, Romania

Filed under:Mobile Tagged with: Acquisition • Charge • Charges • Cosmo • Cosmote • Depreciation • Eastern • Eastern Europe • EBITDA • Expand • Germanos • Launched • Losses • Net Loss • Net Profit • Oman • Operations • Profit • Report • Retail • Retailer • Romania • Romanian