Maroc Telecom’s revenue rises 2.8%, net income falls 1% (Morocco)
www.WirelessFederation.com/news: 1% year-on-year fall in 2009 net income has been posted by Moroccan full-service telco Maroc Telecom MAD9.43 billion (USD1.15 billion) on consolidated revenues that climbed by 2.8% to MAD30.34 billion. Group EBITDA for the year rose by 2.9% to MAD18.15 billion.
Net revenues of MAD25.76 billion in 2009 have been generated from the operations in Morocco 0.1% versus 2008. Due to the impact of promotional initiatives deployed to stimulate the market and maintain its leading position, the EBITDA went down 1.5% to MAD16.16 billion, and earnings from operations went down 3.5% year-on-year to MAD13.08 billion.
Maroc Telecom’s domestic mobile subscriber reached 15.27 million at end-December 2009 growing by 5.6% in twelve months.
Etisalat surpasses 100m subscribers across 18 markets
www.WirelessFederation.com/news: The subscribers’ base of Etisalat exceeded 100 million across its 18 markets in the Middle East, Asia and Africa. The announcement came shortly after the acquisition of additional share equal to 18% in “Atlantic Telecom”, thus increasing the shareholding to 100%.
Apart from this, Etisalat has also given an application to the Indian Foreign Investment Promotion Board (FIPB), to obtain approval to raise its 45% stake in its Indian subsidiary Etisalat DB to 50% plus one share.
Net Revenues of AED 30.83 billion and Net Profits of AED 8.836 billion has been recently announced by the company thus marking an increase of a 5% and 16% respectively, compared to 2008.
Brazilian telco Telesp Q4 net profits down 24.7%
www.WirelessFederation.com/news: Due to the fall in the service revenues, the fourth quarter net profits of Brazilian telecoms operator Telecomunicacoes de Sao Paulo (Telesp) went down 24.7% and totaled BRL544.8 million (USD294 million).
Fourth quarter losses reached BRL51.2 million, compared with a loss of BRL43.5 million in the year-ago period. Net revenues went down from BRL4.1 billion in 4Q08 to BRL3.9 billion in 4Q09 and EBITDA dipped 6.4% year-on-year to BRL1.39 billion.
The full-year net profits of the company stood at BRL2.17 billion last year, down 10.2% y-o-y and EBITDA reached BRL5.87 billion (down 10.4%).
TW Telecom witnesses rise in the Q4 profit
www.WirelessFederation.com/news: The fourth-quarter profit of US operator TW Telecom soared to $11.1 million, or 7 cents a share, up from $899,000, or 1 cent, a year earlier. Revenue also rose 4.5% to $307.9 million and gross margin rose to 57.8% from 57.2%. Change in overhead costs and lower interest and income-tax expenses also benefited the latest quarter.
Data and Internet revenues grew 16%, while the company had a 5.4% decline in the smaller network services segment.
According to Chairman and Chief Executive Larissa Herda, the company plans to increase its revenue and market share this year by equipping its networks with new capabilities, launching new products and services, and implementing tools to better serve business customers.
Maroc Telecom reports strong H1, led by mobile growth
Maroc Telecom raised its consolidated revenue by 11.6 percent to MAD 10.89 billion in the first half, from MAD 9.75 billion in the first half of 2005. The growth was led by the mobile operations, where revenue grew 16.4 percent to MAD 6.86 billion. Fixed-line and internet revenues grew 6.2 percent to MAD 6.15 billion. The company’s consolidated earnings from operations rose to MAD 4.49 billion from MAD 3.92 billion, including mobile up 26.4 percent to MAD 3.06 billion and fixed and internet down 4.4 percent to MAD 1.43 billion. Group net profit rose by 13.7 percent to MAD 3 billion. Maroc Telecom’s Mauritanian subsidiary, Mauritel, increased its earnings from operations by 33.7 percent to MAD 139 million, mainly thanks to mobiles. The group now expects its consolidated revenues and earnings from operations to grow by over 8 percent and over 14 percent, respectively, in full year 2006. It had previously expected its earnings to grow by 12 to 14 percent.
Source- http://www.telecompaper.com/news/article.aspx?id=140050&nr=&type=&yr=
Technorati : Maroc Telecom, Mobile
Ice Rocket : Maroc Telecom, Mobile
