Financials
Financials
Mediobanca net profit down 73% on Telco, loan losses
Telecom Italia parent reported €1 billion loss on nine months ended 31 January. Italian merchant bank Mediobanca SpA Wednesday reported a 73% drop in net profit for the fiscal third quarter, hit by a big increase in impairments, including a...
Financials
Evolving Systems Q1 net down 19%
Firm declares new special dividend of $1.70, costing it approximately $19.3 million. Evolving Systems Inc.'s first-quarter profit dropped 19% as the networking-services company's year-ago period benefited from discontinued operations. The company also unveiled a $1.70 special dividend, following its...
Financials
Globe Telecom Q1 net profit falls 10%
Philippine-based telco says 2012 is a year of investment in customers, networks, processes. Globe Telecom Inc., the country's second-largest telecommunications company by revenue, said Tuesday first-quarter net profit declined 10% on year, weighed down by the cost of the company's...
Financials
Rogers Q4 net up 8%, boosts dividend
Rogers Communications Inc. said fourth-quarter earnings rose 8% and revenue edged up 1% as new smartphone customers continued to grow. The Toronto-based communications giant also boosted its quarterly dividend 11% to 39.5 Canadian cents a share, and said...
Financials
IHS expects sales of chipsets for tablets to reach $18.2 billion in two years time.
Comtech Telecommunications Corp.'s fiscal second-quarter earnings fell 64% as the seller of radio-frequency amplifiers used in aircraft communications continued to see its revenue drop. However, the company raised its full-year earnings guidance to $1.34 to $1.44 a share,...
Financials
Telekom Malaysia Q4 profit rises 49%
Malaysian state-owned fixed-line operator Telekom Malaysia Bhd. said Friday it plans to distribute a total of MYR1.42 billion ($472.2 million) to shareholders after it reported a 49% increase in fourth quarter net profit. The firm is planning a...
Financials
Google to sell entire Clearwire stake at $453m loss
Google Inc., an early investor in Clearwire Corp., said it would seek to sell its entire stake in the wholesale mobile broadband provider at a loss of nearly $453 million. Google is looking to sell its 29.4 million...
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