Telcoflash: Telecom Market News

ZTE announced a 50% drop in 3Q06 to $10m, and 47% drop in 9-mo net earnings to $57m. Revenues increased 15% to $687m in the quarter.

In spite of Vivendi ' s claims, DT said it will consolidate PTC (Poland) from November. Axtel (Mexico) plans to buy Avantel (Mexico) for $ 500m. The European Union warned again that it would take Germany to court if the German parliament passes a law...

Free/ Iliad (France) has passed its target for year-end 2006 of 2m DSL subscribers. Urban WiMAX (UK) plans to launch true WiMAX in London in early 2007. Jordan Telecom plans to acquire 50% stake in Bahrain-based fixed-line operator Lightspeed Communications....

Vimpelcom (Russia) is in talks to buy SkyMobile (Russia) from Alfa. America Movil said its 2007 capex should be about the same as the $3 bn capex it plans to invest in 2006. TA Associates, a private equity firm, has taken a significant minority stake...

SFR (France) said it has passed 2m 3G subscribers milestone in France, and should have 2.5m at the end of the year. SFR targets 65% France coverage at year-end. America Movil, Latam' s biggest mobile operator, added 6.2m new subscribers in 3Q06, bringing...

America Movil reports 3Q06 net profit more than doubling to $1bn. Telemar (Brazil) reported a 10% fall in 3Q06 net earnings to $126m, EBITDA down 11% to $723m and revenues of $2bn, up 2%. Its mobil unit, Oi, reported net loss of $21m, EBITDA of $44m and...

FT has posted 3Q06 revenues up 1.2% (proforma) to €13.1bn, and a gross operating margin of 37.4% (down 2 points). Revenues breakdown was: mobile division sales were €1.1bn, up 20%, driven by gain in 3G/EDGE customers and a solid performance in Poland;...

Sprint Nextel posted 3Q06 net income down 52% to $247m on revenues of $10.5bn, up 35%. Mobile revenues increased 47% to $9.1bn, while long distance revenues fell 6% to $1.6bn. The quarter was marked by poor subscriber numbers ( addition of 233k new users...

Vodafone Italy will launch a new service enabling customers to receive all calls made to the fixed number of their choice on up to two mobile phone while they are at home. The calling party will pay the normal landline rates, the call will be answered...

Indian mobile market continues to perform well and overtakes all estimations. Now, it is estimated that India could have 200m subscribers in 10/07 and probably 300m in 04/08 instead of 2010. As a consequence the mobile networks will have to follow the...