Sony Ericsson posts profit on stable sales in Q3

Sony Ericsson posts profit on stable sales in Q3
(Telecompaper) Sony Ericsson reported its third consective quarter of profitability, posting a net profit of EUR 49 million for the third quarter versus a loss of EUR 114 million a year ago. Revenues were still down at EUR 1.603 billion, from EUR 1.619 billion last year, and the number of phones shipped fell to 10.4 million from 14.1 million in the third quarter 2009 and 11.0 million in the second quarter 2010. The average selling price in the quarter was EUR 154, a 34 percent increase year-on-year and a decrease of 4 percent sequentially. The company estimates its market share in units was little changed from Q2 at 4 percent, while its value market share was around 6 percent. Sony Ericsson said the results show a stabilisation in its performance, helped by the launch of new smartphones, which accounted for over 50 percent of sales in the quarter. After negative operating cash flow of EUR 54 million in the quarter, due to restructuring, the company finished September with a total EUR 538 million in cash. Sony Ericsson maintained its forecast for slight growth in units in the global handset market in 2010.[Lees verder]

Telkom launches fourth mobile operator in South Africa
(Telecompaper) Telkom South Africa has launched the country’s fourth mobile operator, under the name 8ta. 8ta has constructed 800 base stations across the country, and plans to construct a further 3,200 over time to improve coverage and connectivity. Whilst 8ta is still growing its network, the operator will have full national coverage, thanks to a roaming agreement with MTN. The HSPA network offers downlink speeds up to 7.2Mbps and can be upgraded to 21Mbps. Telkom said the hardware can also be upgraded to LTE and offers a fully IP architecture from base station to core. 8ta will offer calls to fixed lines at ZAR 0.65 per minute, independent of the time of the call, as well as a flat rate of ZAR 2.50 per minute for calls to over 100 international destinations. The service will offer prepaid customers free talk time to any network every time they receive calls from a mobile phone, equal to 1 free second of airtime for every 3 seconds of call received.[Lees verder]

Sony Ericsson posts profit on stable sales in Q3
(Telecompaper) Sony Ericsson reported its third consective quarter of profitability, posting a net profit of EUR 49 million for the third quarter versus a loss of EUR 114 million a year ago. Revenues were still down at EUR 1.603 billion, from EUR 1.619 billion last year, and the number of phones shipped fell to 10.4 million from 14.1 million in the third quarter 2009 and 11.0 million in the second quarter 2010. The average selling price in the quarter was EUR 154, a 34 percent increase year-on-year and a decrease of 4 percent sequentially. The company estimates its market share in units was little changed from Q2 at 4 percent, while its value market share was around 6 percent. Sony Ericsson said the results show a stabilisation in its performance, helped by the launch of new smartphones, which accounted for over 50 percent of sales in the quarter. After negative operating cash flow of EUR 54 million in the quarter, due to restructuring, the company finished September with a total EUR 538 million in cash. Sony Ericsson maintained its forecast for slight growth in units in the global handset market in 2010.[Lees verder]

Telkom launches fourth mobile operator in South Africa
(Telecompaper) Telkom South Africa has launched the country’s fourth mobile operator, under the name 8ta. 8ta has constructed 800 base stations across the country, and plans to construct a further 3,200 over time to improve coverage and connectivity. Whilst 8ta is still growing its network, the operator will have full national coverage, thanks to a roaming agreement with MTN. The HSPA network offers downlink speeds up to 7.2Mbps and can be upgraded to 21Mbps. Telkom said the hardware can also be upgraded to LTE and offers a fully IP architecture from base station to core. 8ta will offer calls to fixed lines at ZAR 0.65 per minute, independent of the time of the call, as well as a flat rate of ZAR 2.50 per minute for calls to over 100 international destinations. The service will offer prepaid customers free talk time to any network every time they receive calls from a mobile phone, equal to 1 free second of airtime for every 3 seconds of call received.[Lees verder]