Norwegian telco Telenor has reported Q3 earnings above expectations, supported by growing mobile service revenue and lower energy prices in the Nordics, and narrowed its full-year projections. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for July-September rose 1.5 per cent on an organic basis to NOK 9.3 billion (€788.7m). “Third quarter was a […]

Orange has reported that revenues for Q3 2023 were €10.99 billion, an increase of 1.8 per cent, or €194 million, year on year (compared with +2.6 per cent in Q2 and +2 per cent in H1). Revenue growth in the quarter was driven by retail services, which grew by 3.8 per cent, or €304 million […]

Cairo-based satellite operator Nilesat has reported a modest increase in revenues of 2.1 per cent for the H1 2023 trading period. Nilesat serves the MENA region with digital TV transmissions and play-out services. Its quarterly revenues, to June 30th, have stayed flat over the past year. The current period showed revenues of $25.61 million. The […]

French media giant Vivendi has reported that it Q3 revenue rose by 3.1 per cent year on year to €2.43 billion, driven by growth in Canal+ Group and Havas segments. Canal+ Group recorded revenue growth of 5.7 per cent in the quarter, and +3.9 per cent for the first nine months of 2023 thanks particularly […]

Noki has announced that Q3 net sales declined 15 per cent y-o-y in constant currency (-20 per cent reported) as macroeconomic uncertainty and higher interest rates continue to pressure operator spending. Following the slump in sales Nokia has revealed plans to shed up to 14,000 jobs, saying “these actions will better position the company for […]

Spain’s largest TV group Atresmedia, owner of Antena 3 TV and La Sexta among other TV channels, saw its profit to September fall by 4.4 per cent to €71.5 million. In line with this, its EBITDA fell by 5.4 per cent to €110.3 million. But revenues grew by 1.8 per cent to €666.4 million, boosted […]

Ericsson has reported that its Q3 net loss attributable to owners of the parent company was SEK 30.67 billion (€2.66bn) or SEK 9.21 per share compared to net income of SEK 5.21 billion or SEK 1.56 per share last year, impacted by SEK 31.9 billion impairment of goodwill related to the acquisition of Vonage. Q3 […]

Cayman Islands-registered Hong Kong Aerospace Technology Group (HKATG), which majority owns its Aspace subsidiary and in July inaugurated a large satellite production facility, has reported a 44.4 per cent drop in gross profit and a 27.1 percent decline in revenue for the six months ending June 30th. The satellite production facility is planning to produce […]

4iG has reported that its acquisition of Vodafone Hungary, completed in the first quarter of this year, has enabled it to “achieve the necessary scale of operations in the domestic and regional telecommunications sector”, allowing it to “maximise synergies between its strategic sectors, operating as a convergent service provider from IT to telecommunications”. The Group […]

San Jose-based Zoom Video Communications reported its Q2 numbers after the US market closed on August 21st. Its total revenue for the quarter was $1.13 billion (€1.04bn), up 3.6 per cent y-o-y and up 4.5 per cent in constant currency. Its Q2 operating cash flow was $336 million, up 30.6 per cent y-o-y. The results […]