Qtel Group H1 revenue rises 13.7% to QAR 13.1 bln

Qtel Group H1 revenue rises 13.7% to QAR 13.1 bln
(Telecompaper) Revenues for the Qtel Group for the first half increased by 13.7 percent to QAR 13.1 billion compared to 11.5 billion the year before, reflecting the group’s organic growth in its 17-country footprint. Net profit attributable to Qtel shareholders stood at QAR 1.8 billion from 1.6 billion, and at the end of June the group’s consolidated customer base reached 66.6 million, compared to 51.4 million the year earlier. EBITDA performance was strong, up 14.6 percent to QAR 6.3 billion from QAR 5.5 billion, resulting in an EBITDA margin of 48 percent, an improvement of 2 percent from the year before. Qtel successful closed its new USD 2.0 billion three- and five-year dual tranche revolving credit facility in May. The total subscribed amount of USD 3.9 billion substantially exceeded the original target of USD 1.5 billion. Chairman Abdullah Bin Mohammed Bin Saud Al-Thani said the firm’s performance in core territories such as Kuwait and Qatar shows that it’s capable of driving progress in competitive markets, and performance in Indonesia continues to improve, as the firm unlocks the potential of this key investment in Southeast Asia.[Lees verder]

PCCW grows H1 profit 17%
(Telecompaper) Hong Kong telecommunications provider PCCW saw its profit rise 17 percent in the six months ended 30 June. Profit went up to HKD 765 million, compared with HKD 654 million in the year-ago period, and basic earnings per share were HKD 0.113. Core revenue (the core business includes telecommunications, ICT, and media but excludes the property business) increased by 3 percent to HKD 10.73 billion, from HKD 10.47 billion in H1 2009. Core EBITDA went up 3 percent to HKD 3.37 billion from HKD 3.28 billion. The company declared an interim dividend of HKD 0.0510 per share. The mobile business posted revenues of HKD 838 million, up 1 percent year-on-year, while the TV and content business grew revenues 8 percent to HKD 1.18 billion, and the telephony business recorded revenues of HKD 8.32 billion, up 1 percent from the year-ago period. PCCW Solutions grew revenues 20 percent to HKD 1.09 billion. PCCW ended the period with 2.59 million exchange lines in service, which is similar to a year earlier, and 1.29 million broadband subscribers, also flat from a year ago. The installed base for now TV went up 3 percent to 1.03 million, and the mobile subscriber base rose 3 percent to 1.47 million. Of the total, 606,000 are 3G postpaid customers, 319,000 are 2G postpaid subscribers, and 544,000 are 2G prepaid customers.[Lees verder]

RCom posts sharp fall in quarterly profit
(Telecompaper) Indian operator Reliance Communications announced revenues for the fiscal first quarter to June of INR 506.9 billion, down from INR 584.3 billion a year earlier. Operating profit fell to INR 62.7 billion from INR 104.5 billion, and net profit declined to INR 25.1 billion from INR 163.7 billion, hurt by forex losses. EBITDA in the quarter reached INR 163.2 billion, up 1.9 percent from the three months to March, giving a margin of 31.9 percent. RCom finished the quarter with 111 million customers, up 39.2 percent for a year earlier, while voice traffic rose over the period to 94.4 billion minutes from 83.3 billion.[Lees verder]

GMT, VSS sell German cable operator Pepcom to Star Capital
(Telecompaper) Private equity investors GMT Communications Partners and Veronis Suhler Stevenson (VSS) have sold German cable network operator Pepcom to UK-based investor Star Capital Partners for an undisclosed sum. Pepcom is Germany’s sixth-largest cable network operator, with more than 630,000 subscribers of video, broadband and voice services. Both GMT and VSS were the control investors in Pepcom, holding equal stakes in the company amounting to an 81 percent interest, with the remaining 19 percent in the hands of Pepcom’s senior management and other individual shareholders. Under the terms of the agreement, senior management will roll-over a substantial part of their proceeds into the new investment vehicle controlled by Star. Set up as a platform investment designed to consolidate the fragmented German cable TV market, VSS and GMT built Pepcom through organic growth and the completion of 12 bolt-on acquisitions, targeting fully integrated regional networks in small towns where a strong market position existed. These included the 2005 purchase of Bavarian cable network operator Kabelfernsehen MГѓВјnchen ServiCenter (KMS), which more than doubled Pepcom’s business.[Lees verder]

Qtel Group H1 revenue rises 13.7% to QAR 13.1 bln
(Telecompaper) Revenues for the Qtel Group for the first half increased by 13.7 percent to QAR 13.1 billion compared to 11.5 billion the year before, reflecting the group’s organic growth in its 17-country footprint. Net profit attributable to Qtel shareholders stood at QAR 1.8 billion from 1.6 billion, and at the end of June the group’s consolidated customer base reached 66.6 million, compared to 51.4 million the year earlier. EBITDA performance was strong, up 14.6 percent to QAR 6.3 billion from QAR 5.5 billion, resulting in an EBITDA margin of 48 percent, an improvement of 2 percent from the year before. Qtel successful closed its new USD 2.0 billion three- and five-year dual tranche revolving credit facility in May. The total subscribed amount of USD 3.9 billion substantially exceeded the original target of USD 1.5 billion. Chairman Abdullah Bin Mohammed Bin Saud Al-Thani said the firm’s performance in core territories such as Kuwait and Qatar shows that it’s capable of driving progress in competitive markets, and performance in Indonesia continues to improve, as the firm unlocks the potential of this key investment in Southeast Asia.[Lees verder]

PCCW grows H1 profit 17%
(Telecompaper) Hong Kong telecommunications provider PCCW saw its profit rise 17 percent in the six months ended 30 June. Profit went up to HKD 765 million, compared with HKD 654 million in the year-ago period, and basic earnings per share were HKD 0.113. Core revenue (the core business includes telecommunications, ICT, and media but excludes the property business) increased by 3 percent to HKD 10.73 billion, from HKD 10.47 billion in H1 2009. Core EBITDA went up 3 percent to HKD 3.37 billion from HKD 3.28 billion. The company declared an interim dividend of HKD 0.0510 per share. The mobile business posted revenues of HKD 838 million, up 1 percent year-on-year, while the TV and content business grew revenues 8 percent to HKD 1.18 billion, and the telephony business recorded revenues of HKD 8.32 billion, up 1 percent from the year-ago period. PCCW Solutions grew revenues 20 percent to HKD 1.09 billion. PCCW ended the period with 2.59 million exchange lines in service, which is similar to a year earlier, and 1.29 million broadband subscribers, also flat from a year ago. The installed base for now TV went up 3 percent to 1.03 million, and the mobile subscriber base rose 3 percent to 1.47 million. Of the total, 606,000 are 3G postpaid customers, 319,000 are 2G postpaid subscribers, and 544,000 are 2G prepaid customers.[Lees verder]

RCom posts sharp fall in quarterly profit
(Telecompaper) Indian operator Reliance Communications announced revenues for the fiscal first quarter to June of INR 506.9 billion, down from INR 584.3 billion a year earlier. Operating profit fell to INR 62.7 billion from INR 104.5 billion, and net profit declined to INR 25.1 billion from INR 163.7 billion, hurt by forex losses. EBITDA in the quarter reached INR 163.2 billion, up 1.9 percent from the three months to March, giving a margin of 31.9 percent. RCom finished the quarter with 111 million customers, up 39.2 percent for a year earlier, while voice traffic rose over the period to 94.4 billion minutes from 83.3 billion.[Lees verder]

GMT, VSS sell German cable operator Pepcom to Star Capital
(Telecompaper) Private equity investors GMT Communications Partners and Veronis Suhler Stevenson (VSS) have sold German cable network operator Pepcom to UK-based investor Star Capital Partners for an undisclosed sum. Pepcom is Germany’s sixth-largest cable network operator, with more than 630,000 subscribers of video, broadband and voice services. Both GMT and VSS were the control investors in Pepcom, holding equal stakes in the company amounting to an 81 percent interest, with the remaining 19 percent in the hands of Pepcom’s senior management and other individual shareholders. Under the terms of the agreement, senior management will roll-over a substantial part of their proceeds into the new investment vehicle controlled by Star. Set up as a platform investment designed to consolidate the fragmented German cable TV market, VSS and GMT built Pepcom through organic growth and the completion of 12 bolt-on acquisitions, targeting fully integrated regional networks in small towns where a strong market position existed. These included the 2005 purchase of Bavarian cable network operator Kabelfernsehen MГѓВјnchen ServiCenter (KMS), which more than doubled Pepcom’s business.[Lees verder]

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