Operator results - N54

Publié le 6 mars 2005 par Jean Arnal

Telefonica reported full-year net income of 2.9bn (+31%) and revenues of 30.3bn (+6.8%). Free cash flow was 9.4bn, up 6.4%. 2004 Capex was 3.77bn. EBITDA rose 5% to 13.2bn, and operating profit grew 14.3% to 7.2bn. Net debt stood at about 21bn. Telefonica has 122m subscribers including Latam BellSouth mobile operators in Chile and Argentina.

Terra Networks (Telefonica internet arm) reported sales of 540m (down 2%), net profit of 164m and EBITDA of 21m. 2004 was the year of the first ever net profit reported by Terra Networks.

Telecom Italia Mobile announced an operating profit of 4.1bn, up 6.7%, on revenues of 13bn, up 9.5%. Net income is flat at 2.3bn.

Belgacom posted 2004 net profit of 922m, up 436%, on revenues of 5.5bn, up 1.6%. EBITDA rose 6.4% to 2.4bn. Cash flow rose to 1.4bn. Its fixed line division (56% of total revenues) faced intense competition, but limited decline to 0.5%. Mobile arm, Proximus, faced also fierce competition, increased sales 2.6%, ARPU 2%, but lost about 4 points in market share to 50%.

BASE (Belgium) announced 2004 revenues of 432m, up 28%, EBITDA of 119m, up 133%, and ARPU rising 9% to 24/mo.

SmarTone (Hong Kong) announced 1H net profit of 21.5m, down 4%, on revenues of 175m, up 18%. EBITDA margin declined to 25% from 29%. ARPU rose 4% to 18.7.

DoCoMo issued profit warning and cuts its net profit forecast by 5% to $6.9bn, as it winds up its loss-making PHS service.

KPN (NL) reports 2004 revenues down 6.2% to 12.1bn. Free cash flow was 2.3bn. 4Q04 revenues were 3bn, down 2%, and net profit was 479m, down 70%. 2005 sales would be flat and income would decline. 2005 capex would be around 1.7bn. KPN has 17.2m mobile subscribers, of which 9.5m in Germany (+16%). Its E-Plus mobile German arm announced revenues of 2.6bn, up 14%

PLDT (Philippines) made a record net profit of $512m in 2004 on revenues of $ 2.3bn (+12.7%). EBITDA was $ 1.28bn and EBITDA margin rose to 61%. Free cash flow rose 65% to $680m. Its Smart and PilTel mobile arms ended 2004 with 19.2m mobile subscribers (+48%) or a market share of 58%.

Versatel (NL) reported 2004 revenues of 601m, up 30%, and gross margin of 53%.

Teleglobe posted 4Q04 revenues of $280m, up 30%, EBITDA of $ 11m and net loss of $9.2m (down from $2.1m in 2003).

Portugal Telecom reported 2004 revenues of 6bn, EBITDA of 2.3bn, net income of 500m and free cash flow of 1.54bn. 2004 Capex was 780m. Net debt was reduced to 3.1bn.

DT announced 4Q04 revenues of 15bn, up 3%, and net profit of 1.4bn. Full-year revenues were 58bn, up 3.7%, EBITDA was 19.4bn, up 6%, and net profit was 4.6bn, up 254%. Net debt at the end of the year was 35bn, down 25%.

T-Mobile USA posted full-year revenues of $11.7bn, up 40%, and OIBDA of $ 2.5bn, up 57%. The division is just at breakeven. 2004 capex was $2.14bn, up 24%. It has 29,400 cell sites and 17.3m mobile customers (up 32%). ARPU is slightly increasing 4% to $ 55.

T-Online reported net 2004 revenues of 2bn (+9.3%), EBITDA at 472m (+49%), net profit of 300m, a first ever profit generated by T-Online. ARPU rose 4.7% to 15.6. T-Online has 3.6m DSL subscribers, of which 3.2m in Germany.