Financial

Bouygues blames rival Free for profit decline

French mobile-phone operator Bouygues Telecom (Paris, France) has blamed new entrant Free (Paris, France) for its dwindling profits and shrinking customer base over the first half of the year.

Net income at real-estate company Bouygues fell by 29%, to €278 million, compared with the first half of 2011, due to the setbacks at the group’s mobile-phone business.

Bouygues Telecom also expects full-year earnings before interest, tax, depreciation and amortisation to fall by 41% to around €750 million as a result of expenses related to cost cutting.

China Unicom hit by 3G competition

Rising handset subsidies led to a 2% year-on-year fall in profit at China Unicom (Beijing, China) for the second quarter of the year.

China’s second-biggest mobile operator reported net profit of 2.42 billion yuan ($381 million) as it increased spending on smartphones in a bid to lure more Chinese consumers on to its 3G networks.

Even so, the results were slightly better than expected, based on a poll of six analysts conducted by Reuters, due to a drop in depreciation expenses.

Telecom New Zealand profit boosted by Chorus demerger

Telecom New Zealand has reported huge gains in profitability thanks to one-off adjustments related to the demerger of its infrastructure business in December last year.

New Zealand’s incumbent operator reported net profit of NZ$1.2 billion ($973 million) for 2012, compared with just NZ$166 million last year, several months after agreeing to spin off Chorus.

The company agreed to the separation under pressure from the New Zealand government, but Chorus was subsequently awarded the bulk of contracts to build a new fibre-optic broadband network across the country.

TMT Finance & Investment Asia

Date
Start Date: 
Thursday, December 6, 2012
End Date: 
Thursday, December 6, 2012

Hong Kong:

Join Asia's leading Telecom Leaders, Dealmakers, Investors and Advisers in Hong Kong on December 6 for the premier gathering for telecom strategy, financing and investment. 

TMT Finance & Investment Asia brings together the key representatives from the telecom and finance community in a series of leadership panels, networking sessions and visionary keynote speeches. 

Finance and Investment Forum Australia

Date
Start Date: 
Wednesday, November 7, 2012
End Date: 
Wednesday, November 7, 2012

Sydney, Australia:

The First forum for the Australasia region covering datacentre and cloud finance and investment. 

Researched and produced by consulting firm BroadGroup, the first forum took place at the Cass Business School in London in 2007 and since then it has become recognized as the only annual international meeting point for investors, operators, professional intermediaries and legal counsel focused on the data centre sector. Now, for the first time the forum has been extended to Australia. 

Datacentre Investment Forum Finland

Date
Start Date: 
Thursday, October 25, 2012
End Date: 
Thursday, October 25, 2012

Finland:

A unique forum for investors, data centre operators and enterprises outsourcing to third party data centres that explores why the Nordics are becoming an established location for major international data centre operations. 

China Telecom buys 3G assets as profit slumps 8.3%

China Telecom has announced plans to buy 3G infrastructure from China Telecommunications Corporation, its state-run parent, while reporting an 8.3% fall in net profit for the first half of the year, to 8.8 billion yuan ($1.4 billion), compared with the same period in 2011.

The operator, which competes against bigger rivals China Mobile and China Unicom in the mobile-phone market, says it will spend approximately 84.6 billion yuan on CDMA infrastructure currently owned by China Telecommunications Corporation.

China's ZTE H1 net profit slides 68%

Reuters

China's ZTE Corp, the world's fourth-biggest mobile vendor and fifth-ranked telecoms gear maker, reported first-half net profit slid by more than two thirds.

January-June net profit dropped to 244.88 million yuan ($38.5 million) from 769 million yuan a year earlier, but beat a forecast of 223.6 million yuan, according to seven analysts polled by Reuters.

Based on Reuters calculations, second-quarter profit slumped to 94.01 million yuan, compared to a forecast of 72.7 million yuan.

VimpelCom profit soars despite ongoing disputes

VimpelCom has reported a surge in its quarterly profit despite unfavourable currency movements, continued conflict between its shareholders and a run-in with the Algerian government.

Facing challenges on numerous fronts, the huge Russian operator managed to increase second-quarter net income by 83% compared with the same period last year, to $488 million, thanks to cost reductions and the growth of some emerging-market operations.

China Mobile profit up 1.5% as 3G business struggles

Competition from over-the-top services and the deficiencies of its own third-generation (3G) mobile-phone technology are costing China Mobile dearly.

The biggest mobile-phone operator in China reported disappointing growth in net profit for the first half of the year of just 1.5%, to 62.2 billion yuan ($9.77 billion), compared with the same period of 2011.

As China’s vast market becomes flooded with handsets, revenues rose just 6.6% to 266.53 billion yuan, a much weaker rate of growth than in previous years.

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