INTERVIEW: Telstra Rev Growth Similar To 2H04 -2-
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SYDNEY (Dow Jones)--Telstra Corp.&#39;s (TLS) revenue so far this fiscal year has been growing at a similar pace to the second half of 2003-04, Chief Financial Officer John Stanhope said Monday.
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New board will focus on safety of drugs already on the market. Also: Flarion makes bold moves to spur expansion of infrastructure for its mobile data technology.... Texas Instruments can make cheaper 3G phones.... and more.
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BT Group PLC, Britain&#39;s largest phone company, reported a 14 percent increase in second quarter net profit on Thursday, as growth in mobile telecommunications, broadband and IT services outweighed more declines in its traditional residential telecoms
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Telstra Corp., Australia&#39;s biggest phone company, agreed to buyback A$750 million ($576 million) of its own stock at the lowest price in a range offered to shareholders.
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Alltel Corp.  on Tuesday posted better-than-expected profit and revenue as the rural wireless provider attracted new subscribers, and shares rose more than 2 percent in early trading.
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WHY are Telstra shares yielding about 9 per cent on a gross dividend basis, even though revenue and profits are rising at an annual rate of about 4 per cent?
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Driven largely by gains in its wireless and data businesses, Verizon Communications&#39; revenue was up 5.5 percent year over year in the fourth quarter of 2007, and net income was up slightly.Verizon on Monday reported revenue of $23.8 billion for the fourth quarter, which ended Dec. 31, up from $22.6 billion in the fourth quarter of 2006. Verizon&#39;s net income rose from $1.03 billion to $1.07 billion this past quarter.Earnings per share was $0.37, or $0.62 before one-time items, matching consensus earnings expectations by analysts polled by Thomson Financial. However, analysts had expected revenue of nearly $24 billion for the quarter.Not counting one-time charges, operating income dropped 0.6 percent, to $3.4 billion. One-time items included severance packages for layoffs that will continue through 2008, and a spin-off of wireline access lines in parts of New England.Verizon reported &quot;strong growth in sales of all our strategic products,&quot; Verizon Chairman and CEO Ivan Seidenberg, said in a statement. &quot;We see significant opportunities to grow revenues and expand our leadership in wireless and broadband markets, while reducing operating expenses.&quot;Verizon&#39;s revenue for the year was $93.5 billion, up by $5.3 billion from 2006.Verizon focused on growth in a couple of key areas, including its wireless business.Verizon Wireless&#39; customer numbers increased 11.3 percent from the fourth quarter of 2006, to a total 65.7 million, the company said. Wireless revenue for the quarter was $11.4 billion, up 13.3 percent from a year ago. Verizon Wireless added 2 million customers during the quarter.Wireless data revenue was particularly strong, said Doreen Tobin, Venison&#39;s chief financial officer. Wireless data revenue grew by 65 percent in 2007, she said during a conference call.&quot;We see enormous potential for growth in wireless data for years to come,&quot; she said.Total wireless revenue grew 15.3 percent in 2007, to $43.9 billion for the whole year. &quot;We have a proven business model,&quot; Tobin said. &quot;These results are further evidence of great execution, sustainable growth, and strong cash generation.&quot;In Verizon&#39;s data business, the company added 245,000 Fios fiber-based Internet customers, and 226,000 Fios television customers. The company added a total of 264,000 broadband customers in the quarter, including Fios and DSL (digital subscriber lines). Data revenue increased 12.8 percent to $4.8 billion.Some of those gains were partially offset by a 1.4 percent decrease in overall wireline revenue. Wireline revenue was $12.5 billion for the quarter, which includes the data revenue.Verizon had a &quot;very good year,&quot; but it faces some challenges in 2008, said Jeff Kagan, an independent telecom analyst.&quot;This year will be a little tougher with trouble in the housing market and debates about a coming recession, but so far, so good for Verizon,&quot; Kagan wrote in an e-mail. &quot;The telecom industry continues its strong growth, and cable television competitors have signaled price increases again, but at some point soon brisk competition will break out between the cable television companies and the telephone companies.&quot;The competitive action has started in many markets, but will spread dramatically this year,&quot; Kagan added. &quot;This will be an exciting year to keep our eyes on.&quot;Verizon has not yet seen slumping sales due to fears of a recession in 2008, Tobin said.
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HOLDERS of Telstra T2 stock have worn a hefty capital loss by selling their shares into the telco&#39;s latest buyback. Telstra said yesterday it had paid $750 million - $695 million below the issue price of
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Variety - SYDNEY -- Foxtel, Australia's dominant paybox, is embarking on the second phase of its expansion plan after switching to digital last March.
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LONDON (CBS.MW) -- Anglo-Aussie miner BHP Billiton (BHP) (UK:BLT) climbed 2.8 percent to lead FTSE 100 components after it increased its share buyback to A$2.27 billion (US$1.78 billion) from the A$1 billion to A$1.5 billion it had predicted it would buy
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KPIs show network is performing Vodafone has published its key performance indicators for the last year, and things are looking good for the world's second largest mobile phone operator.â¦
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VODAFONE has revealed it will hike its dividend payment when it reports half-year results in November, while chief executive Arun Sarin insisted he was keen to make further global acquisitions.
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Telstra Corp has announced a $750 million off-market share buy-back as part of its capital management program. Telstra expects to return $1.
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SYDNEY (Dow Jones)--Australian data released Monday confirmed a story of reaccelerating economic growth in the second quarter as company profits surged while inventories
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As it reported results on Tuesday, the Vodafone Group, the world&#39;s largest mobile phone operator, said that it would double dividends and increase a share buyback program by Â£1 billion ($1.9 billion).
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Written by Net 4 Nowt Telstra achieves broadband milestone Telstra today announced that more than one million broadband customers had been connected to its network across Australia.
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To the tune of Â£4 trillion, TIA review says Comment The Telecommunications Industry Association (TIA) report makes fascinating reading every year, mostly because it points to the sheer scale of the industry, but also because it highlights just how big the trends we have been following have already become and how big they are likely to become in a few more years, projecting out to 2010.â¦