Tag Archive
Oi Halts Offer for Brasil Telecom on Lawsuit Losses
Tele Norte Leste Participacoes SA, Brazil’s biggest phone company, suspended a plan to buy Brasil Telecom SA shares from minority investors as part of a 5.86 billion real takeover after auditors found that losses from unresolved legal disputes may surpass initial estimates. To read this Bloomberg report in full, see: www.bloomberg.com/apps/news?pid=20601086&sid=ayR4YOs3igFk www.businessweek.com/news/2010-01-15/oi-halts-purchase-of-brasil-telecom-shares-on-lawsuit-losses.html Related Topics: business, ISP, laws, LEC,... »
Telecom Sector Showing Positive Trend – PTA Annual Report 2008-09
Out of the top four cellular players Ufone has been the biggest impetus behind the Cellular industry’s 17% growth as declared by PTA in its annual report for the year 2008-2009. Ufone’s is at the top with an astounding revenue growth of 46% during past year. The report states that cellular telecom sector in Pakistan... »
CenturyLink Gets Rid of 600 More Employees
CenturyLink, the operator formed by the merger of CenturyTel Inc. and Embarq Corp., is laying off 600, 20 percent, of its workers in the Kansas City area.The job losses come a few months after the $11.6 billion deal officially closed, but they’re not the first round of cuts since CenturyTel has …(107 words) ... »
Verizon Perfects the Art of the Non-answer
When the Federal Communications Commission (FCC) a few weeks ago asked Verizon to explain why it doubled its early termination fees, I thought it was a good idea that the FCC was raking the wireless giant over the coals. You know, keeping them honest and whatnot. My stance prompted one Verizon spokesperson to jokingly... »
Technology, Media and Telecommunications: News from Asia
Japan Telecommunications • Softbank Corp. (SFTBF.PK) is interested in buying stakes in Indian and Chinese companies. The company is eying companies engaged in mobile applications and technology. Softbank bought an additional stake in U.S. application provider RockYou Inc. for US$50 million. Softbank has a 33 percent stake in... »
The State of Cloud: Startup Heroku Now Hosting 40,000+ Apps
IMPORTANT POINTS Heroku is adding about 1,000 apps to its platform every week Heroku is seeing interest from non web developers. Heroku has built its platform as a service cloud cheaply using Amazon’s web services. Heroku, the San Francisco-based startup that offers a Ruby-focused cloud platform as a service, last week saw the number of apps... »
Nortel’s earnings are down, but VoIP is looking up
Looks like Nortel’s plugging away in the face of adversity payed off a little. The company may not have posted the brightest Q3 earnings report, but its VoIP results looked good. Nortel managed to narrow its ongoing losses from $3.41 billion in Q3 2008 to $508 million in Q3 2009. But it reported that revenue declined... »
Earnings Preview: Sprint Nextel Corp.
Sprint Nextel Corp. (S) is expected to report Q3 earnings on Thursday, October 29 before the market open with a conference call scheduled for 10 am ET. Guidance Analysts are looking for EPS of 53c on revenue of $3.07B. The consensus range is 48c-59c for EPS, and $2.97B-$3.18B for revenue, according to... »
AT&T reports earnings, IP-communications growth
AT&T reported a profit drop for Q3 2009, but while the big news is wireless profits over legacy wireline’s continued decline, IP communications and business services shined a little in the iPhone’s shadow. AT&T’s profit dipped from $31.3 billion in the same quarter in 2008 to $30.9 billion. Losses came from the decrease in voice... »
Ma Bell and Its Vanishing Phone Lines
Three years ago, the wireline revenues of U.S. phone companies were forecast to decline about 3.3 percent annually through 2009. Talk about underestimating those numbers — take a look at the following graph and you see that AT&T’s consumer line business is evaporating faster than raindrops in the Sahara. Roughly a year later,... »
Clearwire Needs More Cash, Lots More
Eric Savitz (Barron’s) submits: Clearwire (CLWR) continues to make steady progress on its ambitious plan for a nationwide wireless broadband network built on the WiMax standard. Wednesday, the company reported adding 25,000 subs in the March quarter, to finish with a half million. The company expects to cover turf with as many as 120... »
Clearwire Q1: Revenues In Line, Losses Keep Piling Up
Eric Savitz (Barron’s) submits: Clearwire (CLWR) Wednesday afternoon posted Q1 revenue of $62.1 million, just shy of the consensus forecast of $62.6 million. The company posted a loss for the quarter of $71.1 million, or 38 cents a share on a fully diluted basis. Clearwire added 25,000 net new subscribers in the quarter, boosting... »
BT doubles job cuts to 30,000 as it slumps to annual loss
BT has slumped to an annual loss for the first time in almost a decade and doubled jobs cuts to 30,000, as the former state-owned telecoms company struggles with a disastrous performance of a key division, reports The Daily Telegraph. Ian Livingston, the chief executive, said the company had been dragged down by the “unacceptable”... »
Vonage posts profit on one-time charge, but higher churn for Q1
Vonage reported first-quarter earnings Thursday, showing a $5 million profit due to a one-time charge, but higher churn, which put net subscriber lines down more than 6,000 for the quarter. Excluding the one-time, $13 million mark-to-market adjustment for price changes in the company’s convertible debt, the company would have reported a net loss of $7.7 million... »
Vonage reports on May 7: What to look for
Vonage reports its first-quarter financial results Thursday. Given the statements made by the company’s CEO on the last earnings call, analysts will be scrutinizing three key metrics: SLAC, customer churn, and net customer gains/losses. At the end of February, Vonage CEO Marc Lefar called the company’s expenses to secure customers – SLAC – “not acceptable,” with net... »
Sprint Q1: Still Drops Customers, But Offsets with Kindle
Larry Dignan (ZDNet) submits: Sprint (S) is still losing too many post paid retail customers to AT&T (T) and Verizon (VZ) but offsetting losses with wholesale additions due to the popularity of devices like the Kindle and its prepaid Boost plans. The company on Monday reported a first quarter net loss of $594 million,... »
Verizon’s Wi-Fi Network: Is That a Marketing Stunt As Well?
Back in February, Cablevision announced a Wi-Fi initiative that would give free access to its customers in parts of New York and New Jersey. In response, a Verizon spokesperson told The New Jersey Star-Ledger: “New Jersey is a fast-growing area for Verizon, so industry insiders know that our gains are coming from someone’s losses,”... »
EC’s Reding urges preventive action against cyberattacks
Europe needs a “Mister cyber security” to take control in the event of an attack on Internet infrastructure, Europe’s telecommunications commissioner, Viviane Reding said Monday. She also accused European Union member states of being “negligent” for failing to take adequate precautions against the sort of attacks seen in Estonia, Lithuania and Georgia in recent years. To... »
AT&T Q1 2009 results: U-verse Voice up, landlines down
The financial results AT&T announced yesterday showed an uptick in its U-verse Voice VoIP service. AT&T says U-verse Voice is helping offset consumer landline losses, but a closer look at the raw data indicates that it’s not a lot. During an analyst conference call on Wednesday morning, AT&T CFO Rick Lindner said the company had added... »
Former Google VoIP Partner , VoIP Inc Execs May Be in Hot Water
It has been years since I heard the name VoIP, Inc., a company I just never embraced with loads of coverage, and never bought into their hype (as previously noted) They had previously announced deals with Vonage (saving the NJ VoIP provider from a patent infringement debacle with Verizon) and a huge deal with Google,... »
America Movil Should Benefit from Peso Resurgence
Stephen Rosenman submits: Currencies can wreak havoc on a stock. America Movil (AMX) has been clobbered by the weak peso and stronger dollar and real. Small wonder. AMX must bring its earnings from all over the Western Hemisphere back to Mexico. The peso hasn’t been worth much going from 10 pesos/dollar in August... »
Telecom Layoff Tracker: Motorola Offs Nearly 3,000
Motorola instituted another round of layoffs on Monday, April 6. The company’s running total, starting from November of last year, has reached 9,800 job losses.If you have any updates for our tracker, please e-mail them to kteal@vpico.com.CompanyMonth AnnouncedLayoffsRunning TotalMotorolaApril 20092,8009,800GoogleMarch 2009200 Sonus NetworksMarch 200960150Cisco SystemsFeb. 2009250 Nortel Feb. 20093,2004,500QwestFeb. 20091,700 TellabsFeb. 2009602,510Time Warner …(103 words) ... »
Telephony’s Tale of the Tape: Shrinking Telecom
Landline losses at large (U.S.) phone companies such as AT&T and Verizon have become so routine that we stopped paying attention. This graphic in a research report by Leichtman Research brought them back into focus. In 2008, phone companies lost about 7.94 million lines, while cable companies signed up about 3.95 million voice subscribers. Where... »
AT&T: Dividend Stock Analysis
Dobromir Stoyanov submits: AT&T Inc. (T) provides telecommunications services to consumers and businesses in the United States and internationally. AT&T Inc. is a major component of the S&P 500 and Dow Industrials indexes. The company is also a dividend achiever. AT&T Inc. has been consistently increasing its dividends for 25 consecutive years. From the end of... »
Clearwire: Potential for Improvement
Zachary Scheidt submits: Last May, ZachStocks published a cautionary article on Clearwire Corporation (CLWR). The company is aggressively building out a new mobile broadband service which has it spending cash by the billions (literally). My concern was that the aggressive spending coupled with operating losses could place the company in a vulnerable position. While I... »
Gee I Told You So – AOL VOICE IS GONE
I have to say it. AOL Voice Team–I told you so. It was at eComm 2008 at the opening night reception when I said AOL and VoIP won’t be around long. Now I read that I was right. Next up on the to be shuttered predictions list is AT&T CallVantage and likely Earthlink’s TruVoice. Makes you... »
Carriers: Sprint and T-Mobile
Sramana Mitra submits: After two years of gloating over Apple’s iPhone (AAPL), we finally might have something else to talk about: The Palm Pre, which is to be launched by Sprint on March 15. Both Palm (PALM) and Sprint (S) have been hit hard by the iPhone, or the lack of a good enough... »
China Telecom warns on profits
China Telecom, one of the country’s three telecommunications companies, on Tuesday warned that its profits for last year could “decline significantly” from 2007 because of a provision for impairment losses at its low-cost wireless network. The company is writing off the value of its Xiaolingtong, or “Little Smart”, network which powered its growth earlier this... »
Vonage earnings results out this week, but what next?
Vonage will release its fourth-quarter and full-year 2008 earnings this week, during a conference call Thursday at 10 a.m. EST. The company will likely have to at least give lip service to a Feb. 9 NYSE delisting notice and the general condition of its stock price these days. Earlier this month, the New York Stock Exchange notified... »
Sprint Nextel: The Canary in Wireless’s Coal Mine?
The wireless carrier’s fourth-quarter challenges may be shared by the rest of the industry in the coming months “Economic uncertainty” was the phrase of the day for Sprint Nextel. During a Feb. 19 conference call, executives of the No. 3 U.S. wireless service provider used the two words liberally to describe the company’s fourth-quarter results.... »