Portugal Telecom (PT), Portugal’s largest fixed line operator by subscribers, has reported revenues of EUR1.716 billion (USD2.183 billion) for the three months ended 31 March 2012. This figure represents an increase of 97.0% compared to the EUR871 million generated during the first quarter of 2011. EBITDA for 1Q12 grew 59.9% year-on-year, from EUR357 million to EUR572 million, while CAPEX increased 111.9% to EUR259 million
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PT Q1 revenues increase 97%, thanks to Oi, Contax consolidation
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OTMT posts Q1 net profit of EGP995m
Without providing comparative figures for the year-ago period, Orascom Telecom Media and Technology (OTMT) reported net profit of EGP994.7 million (USD164.3 million) and revenues of EGP235 million for the first three months of 2012, reports Gulf Times.
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Bouygues loses 379,000 subscribers as competition bites
French operator Bouygues Telecom lost 379,000 subscribers in the first three months of 2012 due to the increased competition following the launch of low-cost cellular operator Free Mobile on 10 January this year. Contract subscribers accounted for 210,000 of these losses, but the firm says that since mid-March portability requests have gradually been returning to their previous level
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Djezzy sees 7% increase in sales in Q1 2012
The Algerian telco Djezzy, which is backed by the Russia-based telecoms group Vimpelcom, has reported a 7% rise in sales for the first three months of 2012 to DZD34.3 billion (USD457 million), which the operator attributed to an increased focus on higher-end subscribers. Earnings before interest, tax, depreciation and amortisation (EBITDA) grew 8% year-on-year to reach DZD20.6 billion, while subscriber numbers were up 14% at 17.69 million
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Cellcom suffers amid increased competition as it posts 43.5% drop in net profit in 1Q12
Amid increasing competition and lower prices for consumers in the wireless sector, Israel’s largest cellco by subscribers, Cellcom, has revealed a 43.5% year-on-year on drop in net profit. For the three months ended 31 March 2012 the operator posted a net income of ILS173 million (USD47 million), down from ILS306 million in the same period a year earlier, with Cellcom attributing the drop in the main to lower service revenues
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Orange Jordan profits up, despite declining revenues
Jordan Telecom Group has booked revenues of JOD96.4 million (USD135.43 million) for the three months ended 31 March 2012, a decrease of 3.0% year-on-year caused by intense competition. The group, which offers wireless, broadband and fixed telephony services under the Orange banner, recorded net profits of JOD20 million, up from JOD19.5 million in the year-ago period, as operating expenses dropped by 5.6% y-o-y to JOD58.3 million, offsetting the fall in income.
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Meteor booked pre-tax losses of EUR146m in fiscal 2010/11
Meteor Mobile, the cellular subsidiary of struggling Irish incumbent Eircom, booked pre-tax losses of EUR146.6 million (USD188.7 million) for its financial year ended 30 June 2011, impacted by an impairment charge of EUR112 million. The cellco said the charge related to lower cash flows from its business, due to intense competition and a weaker macroeconomic environment, made worse by the IMF-led bailout and the impact of the national budget last year – all of which led to reduced consumer spending and a rise in unemployment
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Tango sees 10.2% increase in 1Q12 revenues
Tango Luxembourg, which is owned by Belgium’s Belgacom, has reported that its revenues for the three months ended 31 March 2012 increased 10.4% to EUR27 million (USD34.7 million). The Luxembourgian operator claimed a mobile subscriber base of 266,000 at the end of Q1, up 4.8% on the 254,000 users reported a year earlier.
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SFR loses 620,000 mobile subscribers in frantic first quarter
The French media and communications group Vivendi has confirmed that its domestic telco SFR lost 620,000 mobile customers in the first three months of the year, including 274,000 post-paid subscribers. SFR’s cellular customer base dropped to 20.84 million at end-March, down from 21.46 million three months earlier, as a result of increased competition following the launch of new low-cost network operator Free Mobile in mid-January. One bright spot for SFR, however, was that mobile subscriber growth returned in April
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Free Mobile gets off to flying start
France’s Iliad Group has revealed that its new low-cost cellular network operator Free Mobile garnered 2.61 million subscribers between its launch on 10 January and 31 March 2012, giving it around 4% of the overall French mobile market in less than three months. On top of the cellular subscriber growth, the group’s fixed broadband customer base also continued to rise, from 4.85 million at end-2011 to 5.04 million three months later.
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- TNL (Oi) sets aside USD3.25bn for 2012 CAPEX April 19, 2012
- Tata drops out of running for CWW April 19, 2012
- TeliaSonera’s EBITDA falls 0.7% on 3.5% revenue increase April 19, 2012
- Telia Denmark raises LTE upload speeds April 19, 2012
- STC reports 60% rise in Q1 net profit April 19, 2012
- CAT puts 3G plans on hold; TOT told to do same May 18, 2012
- Look before you Leap; cellco to expand LTE coverage to 65m people by 2014 May 18, 2012
- Videotron delivers on 200Mbps promise May 18, 2012
- T-Mobile has no plans to introduce LTE handsets May 18, 2012
- Antares to merge with mobile TV operator Dominanta? May 18, 2012
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