Monday , 20 May 2019
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TCL Communication sees H1 profit crumble to HKD 11 mln

TCL Communication Technology, the maker of Alcatel brand phones, saw its net profit plunge to HDK 11 million in the first half of 2016 from HKD 454 million a year ago. Revenues fell 17 percent year-on-year to HKD 10.93 billion, while the company’s gross margin improved slightly to 20.4 percent from 19.3.  TCL blamed the lower results on the slowdown ... Read More »

Oi negotiates extension of BRL 14 bln in bank debt – report

Brazilian operator Oi is close to reaching a tentative agreement with banks to postpone BRL 14 billion in debt payments without any discounts, reports O Globo. The proposal on the table is to divide up this amount over a period of 15 years, a source familiar with the process said.  Banco do Brasil is the largest creditor, with BRL 4.4 ... Read More »

3 Group organic revenue growth slows to 1% in H1

CK Hutchison reported a slowdown in growth at 3 Group Europe in the first half of 2016, hurt by negative currency effects and slower customer growth. Revenues fell 1 percent year-on-year to HKD 30.165 billion and were up only 1 percent in local currency. EBITDA increased 9 percent to HKD 8.492 billion, slowing from 12 percent growth in 2015. Excluding ... Read More »

Telstra commits AUD 3 bln more for networks, digitisation

Telstra said it will invest up to AUD 3 billion more into networks and digitisation over the next three years, in a move CEO Andrew Penn said will ensure the company’s technological leadership and a significantly improved customer experience. “Our customers and our networks are our biggest assets. We must invest to set new standards and deliver excellent experiences for our customers,” ... Read More »

China Mobile grows H1 sales 7% on strong 4G uptake

China Mobile reported improving results in the first half of 2016, growing operating revenue 7.1 percent year-on-year to CNY 370.4 billion. Growth in telecom service revenues improved to 6.9 percent to CNY 325.4 billion, compared to an increase of 4.9 percent in the first quarter of 2016. EBITDA rose 2.9 percent to CNY 134.4 billion, and net profit increased 5.6 ... Read More »

Deutsche Telekom maintains FY growth outlook, Q2 sales up 2%

Deutsche Telekom maintained its outlook for full-year growth, despite a small slowdown in growth in the second quarter compared to the first three months of 2016. The German operator reported second-quarter revenues up 2.2 percent year-on-year to EUR 17.8 billion, led by the customer growth at T-Mobile US.  On an organic basis, adjusted for exchange rate effects, revenue increased by 3.9 ... Read More »

US court says FCC can't block state laws on public broadband

A US federal appeals court has overturned a Federal Communications Commission ruling allowing city-owned broadband services to expand into areas overlooked by commercial providers, AP reports. The court said the FCC overstepped its authority and could not pre-empt state or local laws.  The decision comes as part of a dispute between the FCC and the two states Tennessee and North ... Read More »

Singtel's quarterly revenues drop 7%, profit flat

Singapore Telecommunications (Singtel) reported net profit stable year-on-year at SGD 944 million in the quarter ended 30 June. In constant currency terms, profit increased by 2 percent in the period. Strong performances by Telkomsel in Indonesia and India’s Airtel saw pre-tax contributions from the regional associates grow 14 percent for the quarter to SGD 714 million, Singtel said. Singtel reported ... Read More »

Russian regulator starts Apple price-fixing investigation

Russian federal competition regulator FAS has initiated an investigation into the activities of Apple and its re-sellers in Russia, reports The Russian branch of Apple is suspected of coordinating the pricing of its smartphones in Russian retail chains; the coordination is allegedly leading to the same price for the devices everywhere. Initially, FAS investigated the activities of re-sellers, on ... Read More »

Netflix speed index shows average speeds increasing in July

Netflix reported a general improvement in speeds in its July ISP Speed Index. The highest speeds for delivering the streaming service were recorded in Switzerland, Belgium, the Netherlands, Luxembourg and Sweden, which all achieved an average of almost 4 Mbps.  In total Netflix measures speeds in 41 countries. The slowest were the Philippines (1.99 Mbps), Costa Rica (1.96 Mbps) and ... Read More »