The second largest US telecoms group reported a 31 per cent increase in third-quarter profits fueled by continued growth in its Verizon Wireless joint venture with Vodafone. Net income increased to $1.67bn. The mobile unit offset accelerating residential phone line and DSL line losses. Revenues grew by 4.1 percent to $24.8 bn. Verizon is spending […]
The satellite operator said EBITDA for the nine month period was little changed with net profit at E338.8m against E347m last time. Chief Executive Romain Bausch was upbeat about SES’s prospects despite the gloomy economic outlook. “We are in a business which is described as an infrastrucure business with no exposure to consumers,” he told […]
Collins Stewart, the broker that forecast doom and gloom for BSkyB last week, was busy again recommending Liberty Entertainment with a buy rating saying the next three to nine months will be “pivotal” for the company and its stake in DIRECTV. The nod from the analyst came as Liberty Media continues to position Liberty Entertainment […]
CA technology company NDS has reported a drop in revenue and net profit for its fiscal first quarter. Revenue for the quarter fell 11 per cent to $182.2 million, from $204.8 million in the corresponding quarter. Revenue from conditional access fell 19 per cent, and revenue from integration, development and support services increased by 4 […]
Viacom cut its full-year profit forecast on Friday as the softening economy has clouded its ability to make accurate advertising projections. CBS also expects full year profit to fall in the mid-teens range and it will write down the value of its licenses by $14bn. Later, National Amusements, an entity that controls executive chairman Sumner […]
Viacom cut its full-year profit forecast on Friday as the softening economy has clouded its ability to make accurate advertising projections. CBS also expects full year profit to fall in the mid-teens range and it will write down the value of its licenses by $14bn. Later, National Amusements, an entity that controls executive chairman Sumner […]
Silicon Valley's most successful VC Sequoia Capital called an emergency meeting for its portfolio companies and is bringing back messages it sent to entrepreneurs in 2000. Sequoia partners presented a long analysis of how the United States economy got to this point. It is not a "normal crisis," they warned, and it will take a […]
German pay-TV broadcaster Premiere's shares fell 60% as it announced losses, a subscriber number re-statement and revealed it is trying to restructure bank debt.Premiere said its chief financial officer, Alexander Teschner, had stepped down as it restated its customer numbers to be in line with other pay-TV companies, resulting in a 940,000 drop in the […]
Aim-listed Phorm, the internet advertising group that announced a tie up with BT this week, made an pre-tax loss of £13.7m (E17.2m) for the first half of 2008, an increase of 52 per cent from the loss of £9.1m in the same period in 2007. However, in spite of the losses, Phorm still has a […]
The Cloud, the UK-based European wireless broadband provider, has secured its future with a E15m investment via a third round of venture funding. Ferd Ventures, the Norwegian investor, became the latest backer of the privately owned group, joining 3i, Accel and Provider Venture Partners, the Swedish fund.While turnover at The Cloud rose from £6.7m (E8.4m) […]