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.
March 11, 2010
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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February 25, 2010
Axiata triples net thanks to forex, subs growth
The chief executive of Malaysia-based Axiata Group has deemed 2009 a “spectacular year” after the company tripled full-year earnings.
The carrier, which has operations in ten southeast Asian countries, reported RM1.65 billion ($484.8) net profit in 2009, up from jus
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February 19, 2010
HTIL delays results as SEC probes tower deal
Hutchison Telecommunications International (HTIL) failed to disclose its 2009 earnings results as scheduled yesterday, as talks with the US securities regulator continue over its accounting procedures.
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February 12, 2010
BT slides on pension fund fears
BT posted a much-improved Q4 performance Thursday, but its stock price dived after authorities expressed “substantial concerns” over its pension liabilities.
The UK carrier announced a pension fund shortfall of £6.8 billion ($10.7b), or 20% of total fund assets.
It stock on the London Stock Exchange closed 8.45% lower at
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