Financials
Financials
Telekom Malaysia Q4 profit rises 49%
Malaysian state-owned fixed-line operator Telekom Malaysia Bhd. said Friday it plans to distribute a total of MYR1.42 billion ($472.2 million) to shareholders after it reported a 49% increase in fourth quarter net profit. The firm is planning a...
Financials
Google to sell entire Clearwire stake at $453m...
Google Inc., an early investor in Clearwire Corp., said it would seek to sell its entire stake in the wholesale mobile broadband provider at a loss of nearly $453 million. Google is looking to sell its 29.4 million...
Financials
NII Holdings swings to surprise Q4 loss on...
NII Holdings Inc. swung to a surprise fourth-quarter loss as higher operating costs masked revenue and subscriber growth. Looking ahead, NII forecast 2012 revenue of about $7.1 billion. Wall Street analysts currently expect revenue of $7.34 billion, according...
Financials
Nokia loses €1bn in Q4 2011
Nokia has suffered a large loss in its latest financial results, with the company’s operating profit dropping by €950 million in the fourth quarter of 2011. That’s a complete reversal of the situation in 2010, when the firm...
Financials
Apple announces profits have doubled
Apple has announced its latest financial results for the first quarter of fiscal 2012, the three months running up to the end of December 2011. We knew the results were going to be good, given the reports of...
Financials
Sony Ericsson falls back into red in Q4
Sony Ericsson blames tough competition and the effects of flooding in Thailand for slipping back into the red during 4Q11. The handset joint venture generated a loss of €207 million ($268.5 million) during the quarter compared to break...
Financials
Smartphone adoption boosts M1’s FY profit
Singapore's M1 has reported a 4.5% growth in 2011 profit to S$164.1 million ($127.4 million), largely as a result of an increase in smartphone using customers. The operator announced an 8.8% increase in operating revenue to S$1.06 billion,...
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