MTS beats Q1 forecasts despite profit decline

Russia’s Mobile TeleSystems (MTS) reported a 14 per cent year on year decline in Q1 2015 net income to RUB10.9 billion ($221.30 million), which just beat analyst expectations. The company, Russia’s largest mobile player with 74.5 million subscribers, said it was largely hit …

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Ericsson Q3 – 4G, 3G deployments offset US sales decline

Ericsson has reported a 3% year-on-year sales growth (after currency adjustment) for the third quarter of 2014, representing a 2% rise since the previous quarter. The Swedish network infrastructure vendor said growth was mainly fuelled by its Middle East, China, India and Russia businesses, but partly offset by declines in North America, where sales fell by -3% year-on-year.

Ericsson Q3 – 4G, 3G deployments offset US sales decline

Ericsson has reported a 3% year-on-year sales growth (after currency adjustment) for the third quarter of 2014, representing a 2% rise since the previous quarter. The Swedish network infrastructure vendor said growth was mainly fuelled by its Middle East, China, India and Russia businesses, but partly offset by declines in North America, where sales fell by -3% year-on-year.

Vodafone profits surge on Verizon exit but challenges remain

Vodafone has announced a huge leap in profits for the financial year to end March 2014, thanks largely to the sale of its stake in Verizon Wireless, completed earlier this year. Profit for the year stood at £59.42bn, up from £673m for the previous financial year. However, group revenues were down 1.9 per cent to £46.62bn, while service revenue was down 2.4 per cent to £39.53bn.

Vimpelcom Q1 profit down by 90 per cent

Amsterdam-headquartered operator Vimpelcom, which has operations in Russia, the CIS as well as Algeria, Bangladesh, Italy and Pakistan, has reported a 90 per cent year-on-year dive in net profit for the first quarter of 2014. Revenue was down ten per cent to $5.02bn, while profit for the quarter sat at $39m, down from $408m for the first quarter of 2013.

Telekom Austria reports Q1 profit drop

Telekom_Austria_logoTelekom Austria, the Austrian incumbent of which America Movil’s Carlos Slim is currently attempting to gain full control, has reported a year on year decline of 26.5 per cent in net profit for the first quarter of 2014. Group revenues for the firm, which has operations in a number of Central and Eastern European markets, were down seven per cent to €975.9m, yielding profit of €40.8m.

Telenor hails encouraging quarterly performance

Norwegian operator group Telenor has seen its revenue in 1Q14 grow 7.2 per cent year on year to reach NOK26.5bn ($4.48bn), up from NOK24.7bn in 1Q13. The group’s adjusted operating profit also grew 11.9 per cent year on year from NOK4.99bn in 1Q13 to NOK5.58bn in 1Q14.

T-Mobile USA reports subscriber growth as Sprint takeover rumours gather momentum

US operator T-Mobile has claimed to have taken “virtually all of the industry phone growth” in 1Q14 winning market share from its competitors in the process, reporting total net subscriber additions of 2.4 million. However, the operator recorded a $154m loss in the quarter, compared to a $106m profit in the first quarter of 2013.

Rogers Communications sees profit decline

Canadian operator Rogers Communications has seen its profit fall year on year in the first quarter of 2014. While operating revenues remained stable; C$3.02bn (US$2.74bn) in 1Q14 compared with $3.03bn in the year ago quarter, adjusted net income for the quarter fell by 18 per cent to reach C$340m down from C$414m.