Palestine telecom profit increases by 22.8%
By Editor on February 18, 2011 · Leave a Comment
Palestinian telco network, PalTel has reported that its full-year revenues for 2010 increased by 7.88% to US$479 million, while it also saw a 22.75% rise in net profits to US$122 million.
The rise in net profits was put down to a decline in investment losses by 40.28%. The decline in other non-recurring expenses by 32.66%; non recurring expenses are mainly related to the financial settlement which was signed during 2010 between Paltel Group and the Palestinian National Authority.
In regards to the operating revenues of each segment, the company achieved a growth in its Fixed Line, Mobile, Data and IT revenues by 10.04%, 9.07%, 9.52% and 13.60% respectively.
According to Ammar Aker, CEO of the Paltel Group, the positive financial results for 2010 is due to the successful implementation of the strategic direction approved by the board at the outset of 2010 and is a result of the company’s settlement of some non recurring expenses for license fees and reconciliation of portfolio investment losses carried over from previous years. They are able to claim in 2011 that they are a healthy operation, looking forward to continue their focus on growing their core services.
Mobile and ADSL subscribers grew by 26.58% and 16.12%, respectively reaching a customer base of 2.26mn and 107,389 compared with 1.80 milion and 92,483 as of the end of FY-2009. The number of fixed line subscribers witnessed 2.08% decline rate to stand at 362,792 subscribers compared with 370,483 as of the end of FY-2009. This decline was a result of the new disconnection policy for inactive lines.
Filed under Mobile · Tagged with ADSL, Ammar Aker, CEO, Data, financial settlement, Fixed Line, full-year revenues, IT revenues, Mobile, Net Profits, Operating Revenues, Palestine, Palestinian National Authority, PalTel
Canadian telco Telus reports fall in Q1 income
By Editor on May 6, 2010 · Leave a Comment
www.WirelessFederation.com/news: 16.7% year-on-year fall in the net income has been reported by Canadian full-service telco Telus which came down to CAD268 million (USD261 million) in the first quarter of 2010. The operating revenues also remained flat year-on-year at CAD2.375 billion.
Consolidated EBITDA climbed 3.8% y-o-y to CAD940 million while group CAPEX went down by 34% to CAD311 million in January-March 2010 from CAD474 million in 1Q09.
Wireless turnover rose 4.1% and on the contrary, wire line division sales went down by 3.4%.
Filed under Mobile · Tagged with Canada, CAPEX, EBITDA, Net Income, North Amercia, Operating Revenues, Telus
Telkom predicts 7% rise in 2009 profit (Indonesia)
By Editor on March 10, 2010 · Leave a Comment
www.WirelessFederation.com/news: 5%-7% rise in FY2009 net profit has been expected by PT Telekomunikasi Indonesia (Telkom), Indonesia’s dominant telecoms group. The increase is expected because of the growth in operating revenues.
5% year-on-year rise in revenue is also predicted by the company from the IDR61 trillion (USD6.6 billion) posted in FY2008. The increase in the revenues might be attributed to increased sales of multimedia and cellular services.
Filed under Mobile · Tagged with ASIA, Indonesia, Net Profit, Operating Revenues, PT Telekom, PT Telekomunikasi Indonesia
Bell Canada’s Q4 profit rises 4.8%
By Editor on February 8, 2010 · Leave a Comment
www.WirelessFederation.com/news: 4.8% rise in the 4th quarter revenues of ¬Bell Canada (BCE) has been reported with the company earning 3.98 billion (US$3.7 billion). Bell’s operating revenues were C$15 billion, an increase of 1.0% compared to 2008.
Due to higher EBITDA and lower restructuring and other costs, operating income of the company increased 10% to C$572 million during the quarter and by 13.5% to C$2.43 billion for the full year. The Bell Wireless segment had record Q4 gross activations of 523,000 new subscribers or 11.3% more than the same period last year.
The increase in activations reflects the success of Bell’s new HSPA handset lineup, which includes Apple iPhone and RIM Blackberry Bold, and growth in demand for wireless Internet sticks.
According to George Cope, President and CEO of BCE and Bell Canada, the Bell team’s strong execution of service-focused strategy and ongoing cost discipline across its business delivered strong Q4 results and enabled it to meet or beat all of its increased financial targets for 2009.
Filed under Mobile · Tagged with Apple, Bell Canada, Blackberry, Canada, EBITDA, HSPA, iPhone, North America, Operating Income, Operating Revenues, RIM
KDDI sees profits increase on mobile segment performance
By Editor on October 20, 2006 · Leave a Comment
Japanese operator KDDI saw its revenues and profits rise in first half of financial 2007, boosted by performance in the company’s mobile segment. Operating revenues rose by 9.3 percent year-on-year to JPY 1.6 trillion, from JPY 1.5 trillion in the year-ago quarter. Operating income was up 37.7 percent at JPY 229.5 billion, from JPY 166.7 trillion last year, as a strong mobile business (au and Tu-Ka) absorbed losses of the fixed-line business. KDDI ended the six-month period with a net income of JPY 136 billion, up from JPY 101.4 billion in the year-ago period.Operating revenue for au and Tu-Ka increased 5.7 percent to JPY 1.3 trillion, from JPY 1.2 trillion last year. Mobile operating income rose 23.9 percent year-on-year to JPY 242.8 billion, compared with JPY 196.1 billion last year. Net income for the mobile segment was JPY 144.8 billion, up from JPY 118 billion in the same period last year. KDDI ended the period with 26.4 million mobile customers, compared with 24.2 million last year. Au had 24.5 million subscribers and Tu-Ka’s customer base dropped to 1.9 million with customers being migrated to the au service. The company’s churn rate for the au brand stood at 0.95 percent, an improvement of the 1.21 percent in the same period last year.
Fixed line revenues stood at JPY 362.4 billion, compared with JPY 286.2 billion in the year-ago period. KDDI narrowed the operating loss in the fixed segment to JPY 16.8 billion, from an operating loss of JPY 29.5 billion last year. The net loss stood at JPY 8.5 billion, from a loss of JPY 16.2 billion in the same half last year. The company had 2.8 million DION internet subscribers, of which 1.5 million ADSL subscribers. The number of FTTH subscribers rose to 192,000 from 138,000 last year. The company ended the period with 2.4 million Metal Plus voice subscribers, up from 677,000 in the same period last year.
Source- http://www.telecompaper.com
Filed under Mobile · Tagged with Japan, Operating Revenue, Operating Revenues
