France Telecom revenues rise 4.2% in Q3

France Telecom revenues rise 4.2% in Q3
(Telecompaper) France Telecom reported third-quarter revenues of EUR 11.63 billion, up 4.2 percent thanks to positive currency effects and the full consolidation of Mobinil since July. EBITDA rose 1.2 percent from a year earlier to EUR 4.26 billion, while the EBITDA margin was down 1.1 percent points year-on-year to 36.6 percent. On a comparable basis, sales fell 0.6 percent and EBITDA was down 3.5 percent. The operator said the comparable figures showed an improving trend, after declines of 2.7 percent in Q1 and 1.7 percent in Q2. Excluding an estimated EUR 198 million impact from regulatory measures, third-quarter revenues were up 1.1 percent, led by 9.8 percent growht in Africa and the Middle East, a 3.3 percent increase in Spain and 1.3 percent growth in France. France Telecom also passed the milestone of 200 million customers, finishing September with a worldwide base of 203.4 million, up 5.1 percent from a year earlier. The mobile customer base rose by 4.8 million from the end of June to 144.5 million, with an estimated 33.5 million 3G mobile broadband users. The fixed broadband base reached 13.28 million at the end of September, up by 122,000 from three months earlier. The company spent EUR 1.261 billion on capex in the third quarter, up 9.4 percent from a year earlier on a pick-up in spending in France (FTTH) and Poland (broadband). For the full year, France Telecom forecast revenues up slightly on a comparable basis, after excluding an estimated EUR 1 billion in negative regulatory effects. The EBITDA margin is expected to fall a maximum 1 percent point on a comparable basis, capex is estimated at 12 percent of annual sales and organic cash flow should reach around EUR 8 billion in both 2010 and 2011. The company also maintained its forecast for a dividend of EUR 1.40 per share over the next three years.[Lees verder]

America Movil grows Q3 sales 5.3%, adds 7.6 mln subscribers
(Telecompaper) America Movil reported third-quarter revenues of MXN 153.6 billion, up 5.3 percent from a year before. Mobile revenues rose 9.1 percent to MXN 83.5 billion, while fixed-line revenues were unchanged year-on-year. The company finished September with 266.8 million access lines, 11.5 percent more than in the same quarter of 2009. That includes 216.8 million mobile subscribers, up 11.6 percent year-on-year, and 50 million fixed, broadband and pay-TV lines, up 10.9 percent. Net additions in Q3 reached 5.5 million for mobile services, up 37.6 percent from a year ago, including a 22.4 percent rise in postpaid net additions. The company also added 2.1 million fixed line accesses in the quarter. Mobile data also showed strong growth, to 22.0 percent of mobile service revenues. EBITDA was up 6.0 percent from a year earlier to MXN 63.0 billion, with the margin up slightly to 41.1 percent. Net profit increased 8.8 percent to MXN 23.4 billion or MXN 0.58 per share. Net debt fell from MXN 217.5 billion at the start of the year to MXN 184.2 billion in September. Capital expenditures totaled MXN 50.0 billion in the first nine months of the year. All of the figures include Telmex Internacional from 1 July, with year-earlier results restated to reflect the takeover.[Lees verder]

CommScope confirms USD 3.9 bln takeover by Carlyle
(Telecompaper) The Carlyle Group has agreed to buy CommScope for USD 3.9 billion, taking the network equipment maker private. CommScope shareholders will receive USD 31.50 per share cash, a 36 percent premium over the company’s share price the day prior to the first announcement of talks. CommScope’s management is expected to remain in place after the deal closes early next year. CommScope’s board of directors has unanimously approved the agreement with Carlyle and recommends that CommScope stockholders approve the deal at a planned EGM. The transaction has fully committed financing, with equity financing from two Carlyle funds and debt financing from JP Morgan. CommScope is allowed to solicit superior bids for the next 40 days, and the management will seek alternative offers during that time.[Lees verder]

ZTE sales growth slows to 1.3%
(Telecompaper) ZTE reported revenues for the first nine months of 2010 of CNY 15.33 billion, up 1.3 percent from a year earlier. ZTE said the market returned to growth in the quarter, but its sales were held back by tightened trade restrictions in India and the EU. The company reported a year-on-year decline of 2.58 percent in revenue from carrier networks, with growth in wireline offsetting lower wireless sales. Revenue from terminal products grew 30.53 percent, led by 3G handsets and data card products, and revenue from telecommunication software systems, services and other products also grew by 23.94 percent, reflecting primarily growth in the sales of video, network terminals and service products. Net profit was up 18.42 percent to CNY 483.9 million. In Q4, ZTE said it will focus on broadband expansion in developing countries, as well as network upgrades in developed markets.[Lees verder]

MTS subscriber base exceeds 100 mln
(Telecompaper) Russian and CIS mobile operator MTS announced that its consolidated subscriber base exceeded 100 million and totaled 100.56 million at the end of September, up by 3.8 percent year-on-year and up by 1 percent month-on-month. The base grew by 1 million in September alone. Its home market Russia showed an increase of 570,000, up by 0.8 percent month-on-month, to 69.67 million. The subscriber base totaled 18.15 million in Ukraine, up by 2.1 percent year-on-year and up by 0.88 percent from August. In Uzbekistan customer numbers grew by 20.2 percent from a year ago and by 2.6 percent month-on-month to 8.16 million, while in Turkmenistan the total was up 58.9 percent year-on-year and 2.4 percent from August to 2.39 million. The subscriber base totaled 2.19 million in Armenia, up by 5.5 percent year-on-year and up by 0.6 percent month-on-month. The base reached 4.64 million in Belarus, up by 2.7 percent from a year earlier and up by 0.6 percent from the previous month.[Lees verder]

FTTH/B subscribers in Europe up 22 percent in H1
(Telecompaper) The number of fibre-to-the-home subscribers in Europe, including Russia, has increased by 22 percent over the past six months, thanks to the booming broadband market in the Eastern part of Europe, according to the latest figures from the FTTH Council Europe, which were announced at the Broadband World Forum in Paris. In absolute numbers, Europe reached 3.2 million FTTH/B subscribers (or nearly 4.5 million including Russia). Europe now counts 18 million FTTH/B homes passed (more than 26 million including Russia), a growth of more than 6 percent during H1. The FTTH ranking now includes 17 countries in Europe where more than 1 percent of households subscribe to broadband over a direct fibre connection. In terms of household penetration, Lithuania is still the leader, just ahead of the more mature FTTH markets of Sweden and Norway. The top five fibre nations now include three new European member states – Lithuania, Slovenia and Slovakia. Romania is a new entrant, taking 13th place with 1.58 percent household penetration and more than 120,000 FTTH/B subscribers. Bulgaria shows the fastest progression in the ranking, moving from 16th to 8th position during H1. Lithuania, still in first place, showed the second fastest growth rate, boosting subscriber penetration by 3.3 percentage points. The majority of FTTH subscribers (74 percent) are concentrated in eight countries, namely Sweden, France, Italy, Lithuania, Norway, The Netherlands, Denmark and Slovakia. Amongst them, six countries can boast more than 200,000 subscribers and Denmark as well as Slovakia are getting close. Major European economies such as Italy and France are still at the bottom of the ranking, and others such as the UK, Germany and Spain are noticeably absent, although co-investment between operators and national plans initiated by governments could soon start to enhance FTTH/B coverage in those nations. The FTTH Council Europe’s ranking is part of its Market Panorama study, carried out by research firm Idate.[Lees verder]

Draka rejects Nexans offer
(Telecompaper) Draka has rejected the takeover bid from Nexans, saying it “substantially undervalues” the company. The Netherlands-based cablemaker said the offer does not address the position and legitimate interests of all stakeholders, nor the execution risk of the transaction as proposed by Nexans. Nexans had earlier reached an agreement with Draka’s main shareholder Flint Management to accept an offer of EUR 15 per share. Draka said it will actively review its strategic alternatives, including continuing its stand-alone strategy, and will evaluate these alternatives taking into account the interests of all its stakeholders, including its shareholders. In this context, Draka acknowledges Flint’s intention to exit as a Draka shareholder.[Lees verder]

Telstra launches T-Touch tablet device
(Telecompaper) Australian telecommunications firm Telstra has introduced its T-Touch Tab tablet device. The T-Touch is priced at AUD 299 and allows users to access the internet, make phone calls, and watch Mobile Foxtel from Telstra. The device runs on Android 2.1, has access to the Android Market and features a 7-inch touchscreen. Telstra offers the T-Touch for AUD 299 prepaid with 3 GB of data and AUD 10 of talk or text credit.[Lees verder]

France Telecom revenues rise 4.2% in Q3
(Telecompaper) France Telecom reported third-quarter revenues of EUR 11.63 billion, up 4.2 percent thanks to positive currency effects and the full consolidation of Mobinil since July. EBITDA rose 1.2 percent from a year earlier to EUR 4.26 billion, while the EBITDA margin was down 1.1 percent points year-on-year to 36.6 percent. On a comparable basis, sales fell 0.6 percent and EBITDA was down 3.5 percent. The operator said the comparable figures showed an improving trend, after declines of 2.7 percent in Q1 and 1.7 percent in Q2. Excluding an estimated EUR 198 million impact from regulatory measures, third-quarter revenues were up 1.1 percent, led by 9.8 percent growht in Africa and the Middle East, a 3.3 percent increase in Spain and 1.3 percent growth in France. France Telecom also passed the milestone of 200 million customers, finishing September with a worldwide base of 203.4 million, up 5.1 percent from a year earlier. The mobile customer base rose by 4.8 million from the end of June to 144.5 million, with an estimated 33.5 million 3G mobile broadband users. The fixed broadband base reached 13.28 million at the end of September, up by 122,000 from three months earlier. The company spent EUR 1.261 billion on capex in the third quarter, up 9.4 percent from a year earlier on a pick-up in spending in France (FTTH) and Poland (broadband). For the full year, France Telecom forecast revenues up slightly on a comparable basis, after excluding an estimated EUR 1 billion in negative regulatory effects. The EBITDA margin is expected to fall a maximum 1 percent point on a comparable basis, capex is estimated at 12 percent of annual sales and organic cash flow should reach around EUR 8 billion in both 2010 and 2011. The company also maintained its forecast for a dividend of EUR 1.40 per share over the next three years.[Lees verder]

America Movil grows Q3 sales 5.3%, adds 7.6 mln subscribers
(Telecompaper) America Movil reported third-quarter revenues of MXN 153.6 billion, up 5.3 percent from a year before. Mobile revenues rose 9.1 percent to MXN 83.5 billion, while fixed-line revenues were unchanged year-on-year. The company finished September with 266.8 million access lines, 11.5 percent more than in the same quarter of 2009. That includes 216.8 million mobile subscribers, up 11.6 percent year-on-year, and 50 million fixed, broadband and pay-TV lines, up 10.9 percent. Net additions in Q3 reached 5.5 million for mobile services, up 37.6 percent from a year ago, including a 22.4 percent rise in postpaid net additions. The company also added 2.1 million fixed line accesses in the quarter. Mobile data also showed strong growth, to 22.0 percent of mobile service revenues. EBITDA was up 6.0 percent from a year earlier to MXN 63.0 billion, with the margin up slightly to 41.1 percent. Net profit increased 8.8 percent to MXN 23.4 billion or MXN 0.58 per share. Net debt fell from MXN 217.5 billion at the start of the year to MXN 184.2 billion in September. Capital expenditures totaled MXN 50.0 billion in the first nine months of the year. All of the figures include Telmex Internacional from 1 July, with year-earlier results restated to reflect the takeover.[Lees verder]

CommScope confirms USD 3.9 bln takeover by Carlyle
(Telecompaper) The Carlyle Group has agreed to buy CommScope for USD 3.9 billion, taking the network equipment maker private. CommScope shareholders will receive USD 31.50 per share cash, a 36 percent premium over the company’s share price the day prior to the first announcement of talks. CommScope’s management is expected to remain in place after the deal closes early next year. CommScope’s board of directors has unanimously approved the agreement with Carlyle and recommends that CommScope stockholders approve the deal at a planned EGM. The transaction has fully committed financing, with equity financing from two Carlyle funds and debt financing from JP Morgan. CommScope is allowed to solicit superior bids for the next 40 days, and the management will seek alternative offers during that time.[Lees verder]

ZTE sales growth slows to 1.3%
(Telecompaper) ZTE reported revenues for the first nine months of 2010 of CNY 15.33 billion, up 1.3 percent from a year earlier. ZTE said the market returned to growth in the quarter, but its sales were held back by tightened trade restrictions in India and the EU. The company reported a year-on-year decline of 2.58 percent in revenue from carrier networks, with growth in wireline offsetting lower wireless sales. Revenue from terminal products grew 30.53 percent, led by 3G handsets and data card products, and revenue from telecommunication software systems, services and other products also grew by 23.94 percent, reflecting primarily growth in the sales of video, network terminals and service products. Net profit was up 18.42 percent to CNY 483.9 million. In Q4, ZTE said it will focus on broadband expansion in developing countries, as well as network upgrades in developed markets.[Lees verder]

MTS subscriber base exceeds 100 mln
(Telecompaper) Russian and CIS mobile operator MTS announced that its consolidated subscriber base exceeded 100 million and totaled 100.56 million at the end of September, up by 3.8 percent year-on-year and up by 1 percent month-on-month. The base grew by 1 million in September alone. Its home market Russia showed an increase of 570,000, up by 0.8 percent month-on-month, to 69.67 million. The subscriber base totaled 18.15 million in Ukraine, up by 2.1 percent year-on-year and up by 0.88 percent from August. In Uzbekistan customer numbers grew by 20.2 percent from a year ago and by 2.6 percent month-on-month to 8.16 million, while in Turkmenistan the total was up 58.9 percent year-on-year and 2.4 percent from August to 2.39 million. The subscriber base totaled 2.19 million in Armenia, up by 5.5 percent year-on-year and up by 0.6 percent month-on-month. The base reached 4.64 million in Belarus, up by 2.7 percent from a year earlier and up by 0.6 percent from the previous month.[Lees verder]

FTTH/B subscribers in Europe up 22 percent in H1
(Telecompaper) The number of fibre-to-the-home subscribers in Europe, including Russia, has increased by 22 percent over the past six months, thanks to the booming broadband market in the Eastern part of Europe, according to the latest figures from the FTTH Council Europe, which were announced at the Broadband World Forum in Paris. In absolute numbers, Europe reached 3.2 million FTTH/B subscribers (or nearly 4.5 million including Russia). Europe now counts 18 million FTTH/B homes passed (more than 26 million including Russia), a growth of more than 6 percent during H1. The FTTH ranking now includes 17 countries in Europe where more than 1 percent of households subscribe to broadband over a direct fibre connection. In terms of household penetration, Lithuania is still the leader, just ahead of the more mature FTTH markets of Sweden and Norway. The top five fibre nations now include three new European member states – Lithuania, Slovenia and Slovakia. Romania is a new entrant, taking 13th place with 1.58 percent household penetration and more than 120,000 FTTH/B subscribers. Bulgaria shows the fastest progression in the ranking, moving from 16th to 8th position during H1. Lithuania, still in first place, showed the second fastest growth rate, boosting subscriber penetration by 3.3 percentage points. The majority of FTTH subscribers (74 percent) are concentrated in eight countries, namely Sweden, France, Italy, Lithuania, Norway, The Netherlands, Denmark and Slovakia. Amongst them, six countries can boast more than 200,000 subscribers and Denmark as well as Slovakia are getting close. Major European economies such as Italy and France are still at the bottom of the ranking, and others such as the UK, Germany and Spain are noticeably absent, although co-investment between operators and national plans initiated by governments could soon start to enhance FTTH/B coverage in those nations. The FTTH Council Europe’s ranking is part of its Market Panorama study, carried out by research firm Idate.[Lees verder]

Draka rejects Nexans offer
(Telecompaper) Draka has rejected the takeover bid from Nexans, saying it “substantially undervalues” the company. The Netherlands-based cablemaker said the offer does not address the position and legitimate interests of all stakeholders, nor the execution risk of the transaction as proposed by Nexans. Nexans had earlier reached an agreement with Draka’s main shareholder Flint Management to accept an offer of EUR 15 per share. Draka said it will actively review its strategic alternatives, including continuing its stand-alone strategy, and will evaluate these alternatives taking into account the interests of all its stakeholders, including its shareholders. In this context, Draka acknowledges Flint’s intention to exit as a Draka shareholder.[Lees verder]

Telstra launches T-Touch tablet device
(Telecompaper) Australian telecommunications firm Telstra has introduced its T-Touch Tab tablet device. The T-Touch is priced at AUD 299 and allows users to access the internet, make phone calls, and watch Mobile Foxtel from Telstra. The device runs on Android 2.1, has access to the Android Market and features a 7-inch touchscreen. Telstra offers the T-Touch for AUD 299 prepaid with 3 GB of data and AUD 10 of talk or text credit.[Lees verder]