Operator results - 20/08/06

Hutchison Telecom returns to profit. 1H06 net profit amounted to $257k, ve loss of $48m, on revenues jumping 48% to $2bn. Strong performance in the Indian and Israeli markets drove the growth.

Kyivstar (Ukraine) reports 1H revenue of $757m, up 68%, a net profit of $244m (+133%) and an EBITDA of $243m, up 90%.

LG Telecom (S. Korea) reports 2Q06 net loss of $206m (vs net profit in previous quarter) on revenues of about $1bn (up 5% qoq).

DT reported 2Q06 net profit down 14% to €1bn on sales up 2.5% to €15bnbn. Domestic sales fell 4% to €8bn. In reaction, DT decided to cut prices to give its competitors a tough time. In addition, DT cuts its profit outlook for the rest of this year and 2007.

Telstra posts that FY06 net profit was down 26% to 2.4bn, below analysts consensus.

Swisscom announced its 2Q06 net profit has reduced to €190m (down 50%), due to €114m fine for overcharging termination fees. Sales dropped 3% to €1.5bn.

Megafon (Russia) reports doubling its 1H06 net profit to $130m on revenues of $570m, up 36%.

Telemig (Brazil) posts 2Q06 net profit of $21m, down 33%, on revenues of $125m, down 7%. EBITDA fell 14% to $43m.

Bouygues Telecom (France) posts 1H06 revenues of €2.2bn (up 1%).

China Mobile reports 1H06 net profit rising 26% to $3.8bn, on revenues up 20% to $17.2bn. China Mobile has currently a market capitalization of about $134bn and became the largest mobile operator in the world by capitalization and customer base. In 1H06, China Mobile accounted for almost 80% of total new subscribers in China, increasing its domestic market share to over 66%. China Mobile stock rose 29% in 1H06.