Orascom Telecom Holdings sunk into red ink in the fourth quarter of 2009, posting a net loss of $46.4 million.
Full-year net income also fell 25% to $379.47 million, with revenues dipping 5% to reach just over $5 billion.
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March 18, 2010
Riots, taxes drive Orascom into the red
MIND CTI swings to $19.8m profit in 2009
Three quarters of CSPs believe the lack of interoperability between legacy customer management systems in causing a suboptimal customer experience for their customers, according to a recent study.
The study was conducted by Telesperience on behalf of Comverse, which develops products aiming to bridge this gap.
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March 12, 2010
A mixed FY09 for PCCW
March 11, 2010
Intelsat narrows losses
Intelsat, the world’s oldest satellite firm, continues to be mired in debt, despite record sales and high margins.
The firm narrowed its losses in 2009, but more than half of its revenue was used to pay down interest expense.
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March 10, 2010
PCCW profits up 18%
Lower costs and a property gain helped to boost PCCW’s net profit 18% in 2009.
The Hong Kong incumbent said its net profit rose from $163 million in 2008 to $193 million in 2009, in line with analysts’
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March 9, 2010
Hutchison HK unit doubles profit
Hutchison Telecom’s Hong Kong and Macau operations have more than doubled net profit in their first full year since being spun off.
Hutchison Telecommunications Hong Kong (HTHK), which listed on the Hong Kong bourse last May, recorded a 104% surge in net profit to HK$468 million ($60m) in 2009.
The rise in net income was m
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March 4, 2010
SmarTone warns of further price-cutting
Hong Kong SmarTone doubled its income in the second half of 2009, but warned of the effects of further price competition and handset subsidies.
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March 3, 2010
PLDT chair warns of shift away from texting
Cheap bucket plans and discount unlimited data packages are threatening Philippines operators’ traditional texting cash cow, as subscribers turn increasingly to mobile social networking.
Announcing an 8% hike in net income for 2009, PLDT chairman Manuel V.
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February 26, 2010
Palm stock dives after it cuts forecasts
Palm’s ability to reestablish itself as one of the top device firms is in doubt after it admitted sales were well short of forecasts.
Palm’s stock on Nasdaq dived yesterday after the company revealed full year sales would be “well below” the $1.6 billion to $1.8 billion it had expected.
Its quarterly forecast of $30
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Maxis net falls 7% on higher costs, bad debt
Earnings at Malaysia’s leading cellco Maxis fell 7% in 2009 due to higher interconnect charges and allowance for doubtful debts.
Maxis posted full-year ebitda of RM4.33 billion ($1.27b), down 1%, on 2% higher revenues of RM8.61 billion.
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