China Wireless doubles profits in 2010

On 03.23.11, In Mobile, By Editor

China Wireless Technologies, a Chinese mobile equipment maker raised its revenues in 2010 by 76% to US$588.86 million compared to US$333.55 million in 2009.

Out of its total revenu,e 3G Coolpad sales contributed US$518.29 million, an increase of 164.4% year-on-year, and 2G Coolpad sales generated US$66.98 million in revenues.

The company sold 5.04 million Coolpad devices during the year compared with 2.17 million in the previous year. Though the average selling price of the company decreased over the year to US$116.87 from US$153.95 as the company extended its product mix to the mid and low-end segments.

China Wireless more than doubled it profit to US$69.93 million from US$33.81 million in the previous year. Company’s net profit also doubled to US$61.61 million from US$30.79 million in 2009. China Wireless has declared a dividend of US$0.006 per share.

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China Telecom Q4 profits increase by 5%

On 03.22.11, In Mobile, By Editor

China Telecom Corp Ltd has reported an increase of about 5% in fourth-quarter net profit, helped by growing revenue from mobile and broadband services.

According to reports, China Telecom posted a net profit of US$482.97 million for the fourth quarter of 2010 and reported a net profit of US$2.4 billion for the full year.

China Telecom, a newcomer to China’s mobile market, operates the country’s largest fixed-line network and is aggressively promoting broadband over that channel.

Its shares went up by about 25% in 2010, beating a 5% advance by the benchmark Hang Seng Index.

 

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China Mobile full year profits rise by 3.9%

On 03.17.11, In Mobile, By Editor

China Mobile Corp has reported its full year results. As per the results, its full year revenues rose by 7.3% to US$73.8 billion, while net profit increased by 3.9% to US$18.2 billion.

The customer base rose by 11.8% to 584 million – a rise of 61.73 million over the previous year. Of the total, 20.70 million are using 3G services.

EBITDA rose 4.5% over last year to US$36.43 billion, with EBITDA margin reaching 49.3%.

In addition, voice usage volume continued to grow. Average minutes of usage per user per month (MOU) were 521 minutes, up by 5.4% over last year. Average revenue per user per month (ARPU) was US$11.10, exhibiting a slowdown in decline.

According to the company, it will accelerate the rollout of its TD-LTE network and will still consider suitable overseas acquisitions.

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Tele Norte Leste dangles to profit in Q4 (Brazil)

On 03.07.11, In Mobile, By Editor

Brazilian telecommunications company, Tele Norte Leste Participacoes SA has reported a net profit of $172 million, reversing from a loss of US$360.72 million last year.

In the fourth quarter, the company reported net revenue of US$4.41 billion, decreased from US$4.58 billion in the fourth-quarter of 2009.

Earnings before interest, taxes, depreciation and amortization, (EBITDA), increased slightly to US$1.37 billion from US$1.33 billion.

Fixed-line customers fell to 20.02 million, lowered from 21.29 million in the fourth quarter of 2009. Fixed-line broadband customers rose to 4.35 million from 4.2 million and mobile customers were up to 39.3 million, from 36.1 million last year.

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Zain Q4 net profit rises (Kuwait)

On 03.05.11, In Mobile, By Editor

Kuwait’s Mobile Telecommunications Co. Zain stated that its 2010 net profit rose as the company added new subscribers and that it plans to double its net profit by 2014.

The subject of a nearly $12 billion takeover offer by U.A.E.’s biggest telecoms company Emirates Telecommunications Corp., Etisalat, said its net profit excluding a capital gain from selling its African assets rose to US$1.02 billion, compared with US$700.80 million a year earlier.

Net profit reached US$3.80 billion, including a capital gain of US$2.76 billion from the sale of Zain Africa assets on June 8, 2010.

According to Zain Group Chief Executive, Nabeel Bin Salamah, the company targets organic growth and more than doubling its net profit by 2014. To realize their business aspirations, they have devised an integrated strategy that will hopefully aid them, through organic growth, to reach 52 million customers, generate 6.3 billion in revenues, and increase earnings before interest taxes, depreciation and amortization to $3.4 billion– while improving the EBITDA margin to 53%-and more than double their net profit to $2.1 billion by 2014.

Zain stated that 2010 revenue reached US$5.03 billion, 7% increase from the year earlier. Zain added that its mobile customers stood at 37 million at the end of December, an increase of 23% from the same period a year earlier.

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Du Q4 revenues jump 34% (UAE)

On 03.04.11, In Mobile, By Editor

Du has reported that it added 250,000 net new customers during the fourth quarter of last year, while its revenues jumped by 34% to US$571 million compared to the previous year.

Net profit after royalty was US$248 million for the quarter which included the effect of the recent UAE Federal Government announcement, concerning the 15% royalty rate.

The company also reported a 38% growth in its fixed line customer base from 405,900 lines in Q4 09 to 561,000 lines in Q4 10, with 45,500 lines added during the quarter.

According to data published by the Telecommunications Regulatory Authority at the end of 2010, full year revenues for 2010 grew 32% to US$1.93 billion compared to US$1.47 billion in 2009, largely as a result of the growth in Du’s market share over the past twelve months, which has now reached around 40%.

The company also finished the year free cash flow positive for the first time since its foundation.

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Portugal Telecom Q4 net profits drop by 83%

On 02.28.11, In Mobile, By Editor

Portugal Telecom SGPS SA has announced that its fourth-quarter net profit dropped by 83% due to restructuring costs and a decline in domestic wireline and mobile revenue.

According to the company, net profit fell to US$75.05 million in the fourth-quarter from US$429.83 million a year earlier. PT’s fourth-quarter earnings were the first to not include a contribution from Brazilian mobile telephone company Vivo Participacoes SA after the company sold its stake in Vivo to Telefonica SA in September for US$10.32 billion.

PT restated its earnings for the rest of 2010 and for 2009 to remove Vivo’s operating results. The company’s 2010 net profit, however, was maintained by a first installment of the payment from Telefonica of US$7.57 billion. PT’s 2010 net profit rose to US$7.79 billion from US$942.96 million in 2009.

PT’s fourth-quarter wireline revenue dropped 5% to US$655.96 million, while mobile revenue fell around 11% to US$471.14 million. Total fourth-quarter revenue dropped to US$1.30 billion.

In the fourth quarter, PT was also hit by US$185.50 million in restructuring costs, mainly related to workforce reductions and other cost efficiency efforts.

Fourth-quarter earnings before interest, taxes, depreciation and amortization decreased to US$499.23 million.

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Telefonica full year profits increased by nearly 30%

On 02.28.11, In Mobile, By Editor

Telefonica has reported that its full-year revenues rose by 7.1% to US$83.6 billion, spurred by a solid performance in this item in Latin America (+13.3%) and Europe (+12.7%) and the growing contribution of the mobile data business.

Net profit jumped by nearly a third 30.8% to US$14 billion.

The strong growth posted by Telefonica Latinoam©rica and Telefonica Europe drove Telefonica’s solid performance, offsetting the lower contribution of the core business in Spain.

In 2010, Telefonica Latinoamerica and Telefonica Europe accounted for 68% of consolidated revenues, whereas Telefonica Spain’s contribution stood below 31%.

The company added 19.2 million net new customers during 2010, a growth of 7.2% in organic terms (excluding acquisitions) to end the year with 287.6 million subscribers.

Telefonica invested over US$14.87 million in 2010, including the spectrum and license acquisitions carried out in Germany and Mexico. In Spain, despite the difficult economic climate, the company increased its investment by 8.4% to US$2.75 billion.

Net financial debt increased by US$16.52 billion to reach US$76.57 billion at the end of the year.

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Turkcell Q4 revenue decrease by 3.3% (Turkey)

On 02.28.11, In Mobile, By Editor

Turkcell has posted its fourth-quarter results. As per the results, its revenues decreased by 3.3% to US$1.37 billion, due to the negative impact of regulatory decisions in Turkey. It was partially offset by the higher contribution of Group subsidiaries driven by strong performance at Superonline and growth inthe mobile internet and services revenues.

The company’s net profit increased by 45.6% to US$230 million, mostly due to the absence of one of the  items recorded in the fourth quarter of 2009 worth US$160.53 million and decrease in goodwill impairment costs, despite the increasing cost base in Turkey.

For the full year, group revenue slightly improved to US$5.64 billion, while net profit increased by 3.7% to US$1.12 billion.

In 2010, mobile line penetration in Turkey decreased by 4pp to 84% mainly due to the continuing decline in multiple SIM card usage. In 2011, the company expects the number of mobile lines to grow in parallel to population growth, and mobile line penetration to remain in-line with the year-end 2010 level.

The subscriber base in Turkey totaled 33.5 million at the end of 2010, a decrease of 5.4% year-on-year.

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NTT DoCoMo posts flat net profit (Japan)

On 01.31.11, In Mobile, By Editor

Japan’s NTT DoCoMo has announced nearly flat profit for the last three months of 2010.

According to the company, net profit for its third fiscal quarter was $1.63 billion, compared to $1.64 billion the previous year.

Operating profit for the same period increased 4.4% to $2.76 billion coupled with a revenue fall of 2.3% to $13.05 billion.

According to company’s President Ryuji Yamada, DoCoMo was aiming to capture the wave of smartphones.

The carrier, whose smartphone portfolio includes the Samsung Galaxy S and Sony Ericsson Xperia, lost market share to rival Softbank, which retails Apple’s iPhone.

DoCoMo sold 1.26 million smartphone devices in the nine months through December last year. Yamada added DoCoMo expected smartphones sales to exceed 2.5 million units by March. Smartphones are forecast to account for a third of DoCoMo’s total handset sales, or 6 million units, in the coming fiscal year.

DoCoMo kicked off its smartphone drive by announcing a new monthly flat fee scheme for data that will start March 15.

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