Financials
Financials
SK Telecom Q2 net drops 74% on lower phone fees, higher marketing costs
Analysts expect earnings to improve through remainder of year as high-speed broadband service boosts ARPU. SK Telecom Co., South Korea's largest mobile carrier by subscribers, said Thursday second-quarter net profit fell 74% from a year earlier as lower...
Financials
Telecom Argentina 1H profit up 1%
Value-added services contribute to 21% revenue rise. Phone company Telecom Argentina SA said Tuesday its first-half net profit rose 1% to 1.29 billion Argentine pesos ($282 million).Profit was up only slightly in part because of higher amortization costs...
Financials
Texas Instruments Q2 net down 34%
Texas Instruments Inc. reported a 34% decline in second-quarter profit and predicted soft third-quarter results, saying an uncertain economic climate is leading to caution among the chip maker's customers and distributors. Demand for semiconductors has been shaky in...
Financials
Kuwait’s Wataniya posts 49% fall in Q2 profit
Wataniya, Kuwait's No. 2 telecoms operator, reported a 49 percent drop in second-quarter profit on Monday, hit by foreign exchange losses from its Algeria unit and increased domestic competition. Net profit at the firm, a subsidiary of Qatar...
Financials
Vodafone India Q1 revenue falls to Rs 8966.7 crore
Vodafone Group PLC, Europe's largest mobile phone company, said on Friday that revenue fell by 7.7 per cent in the three months ending June 30 compared with a year earlier as gains in emerging markets were offset by a...
Financials
Reliance Communications scraps undersea assets IPO
Reliance Communications Ltd. on Friday pulled the initial public offering of a unit that holds its undersea cable assets, adding to a string of large IPOs that have been scrapped in Asia this year. Reliance said in a...
Financials
ZTE expects up to 80% fall in 1H profit
Chinese equipment maker says shar drop reflects sale of Nationz Technologies stake. Chinese telecommunications equipment maker ZTE Corp. said Friday it expects to report first-half net profit of 154 million-308 million yuan, down 60%-80% from the same period...
Subscribe
- Never miss a story with notifications
- Gain full access to our premium content
- Browse free from any location or device.
Must read