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Verizon 1Q06 results

Verizon reported a profit of $1.6bn, down 12%, on revenues of $22.7bn, up 3% proforma and +25% as reported. Verizon Wireless accounted for $8.8bn in sales (up 19%), and added 1.7m mobile subscribers in the quarter to a total of 53m. Verizon Wireless is...

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Earnings Parade (continued)

This week was also rich in financial announcements. The basic lesson is the confirmation of an healthy telecom market. On the services side, revenues growth range from 0% to 20% . It seems that the bigger, the lower revenue growth rate (-2% for DoCoMo,...

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Mobile penetration in Asia

According to BMI, Asia had 820m mobile subscribers in 2005 (+20%), of which 59m were 3G users. On a population estimated at 3.5bn people in 2010, BMI forecasts that Asia would have 1.75bn mobile users, or a mobile penetration of 50%, of which about 300m...

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TV franchise in the USA

Easier TV service deployment in sight, but priority content delivery yet debated In the US, telcos would not need any more local authorities approval to roll out TV services. The House Energy and Commerce Committee has condemned, with a large majority,...

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Alcatel results

Alcatel announced 1Q06 net profit of €104m, down 16%, on revenues of €3.1bn, up 18%. The operating profit is up 85% to €198m, while gross margin was at 35% and operational margin at 6.5%. The wireline unit reported a 29% increase in revenues to €1273m...

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Siemens results

Siemens reports net income of €887m, up 14%, on sales growing 21% to €21.5bn. Orders rose 22% to €24.4bn. The COM division reported sales of €3.3bn, up 6%, and a profit of €27m, down 75%. Com’ s Carrier Networks business delivered most of the Group’ s...

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Sprint Nextel results

Sprint Nextel reported mixed results in 1Q06 net income of $419m, down 11%, but revenues rising 9% proforma to $11.5bn. Proforma mobile revenues reached $8.5bn (+13%). Mobile ARPU was $62, of which $7 for data revenues. Sprint added 1.3m new mobile subscribers,...

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France Telecom results

France Telecom posted solid results in line with objectives and ahead of expectations. On a proforma basis, earnings were almost flat due to competition and regulation. EBITDA reached €4.7bn (+7%, but mainly due to acquisitions), but EBITDA margin fell...

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