Telecom Q1 Result On Track
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Telecom reported first quarter net earnings after tax of $193 million, an increase of 19.1 percent on the same quarter in 2003. Reported net earnings included an abnormal item of $10 million relating to the
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Southeast Asia&#39;s largest telecoms group, Singapore Telecom, said Thursday its quarterly net profit rose 21 percent, underpinned by strength at its Australian unit Optus and other regional associates.
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AT&T Inc. earned $3.1 billion in the fourth quarter as its wireless and broadband businesses did well, a trend the nation's largest telecommunications company said would help it keep growing even in a sputtering economy.
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The telecommunications giant finished its first full year as a merged company with a net loss of 3.52 billion euros, or $5.1 billion, mostly on charges, and it predicted a loss for the current quarter.
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Lucent Technologies Inc, the nation&#39;s leading telecommunications-equipment maker, recorded its first annual profit since 2000, fueled by rapid growth in its wireless telephone division, the company announced yesterday.
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Cable &amp; Wireless spearheaded a strong performance from the telecommunications sector after a leading broker said the recovery at its UK business was &quot;more than on track&quot;.
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ComReg report shows strong summer uptake ComReg has released its quarterly report which shows strong broadband take-up over the summer months contributed to total telecoms revenues of â¬1.06bn for the period.â¦
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It's on track to meet sales targets, but profits might not keep pace.
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Plus: AT&#38;T posts $7.1 billion loss...Lucent sees first profitable year since 2000...EMC issues sunny report...IBM net income inches higher, despite legal bill.
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WESTPAC said yesterday it was on track with its plans for the first two months of 2005 and expected to deliver strong full-year results, despite intensifying competition.
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Japanese telecom giant Nippon Telegraph and Telephone Corp. (NTT) said its first-half net profit rose 3.1 percent, with earnings supported by gains on the sale of shares in its mobile phone unit.
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The first section of one of the world's most advanced telephone networks is complete.
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Texas Instruments Inc., the leading maker of chips for cell phones, tightened its profit and sales outlook for the first quarter on Monday.
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The telecom industry has endured some tough times. They haven't seen anything yet.
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British mobile phone giant Vodafone  Group Plc  beat market forecasts for quarterly customer  additions on Wednesday, and reiterated its annual forecasts for  revenue growth and profit margins.
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Mobile phone group Vodafone said Thursday that it won 9.1 million new customers during its first quarter, almost double the amount a year earlier, owing to strong growth in emerging markets.
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Cisco Systems Inc. on Tuesday reported significant gains in earnings and revenue for its fiscal 2005 first quarter that met analyst expectations.