Monday, 11 December 2017

Friday Review: On the up

By Mary Lennighan, Total Telecom
Friday 31 July 09

This week's news delivers a number of surprises, including decent Q2 results from Motorola and Alcatel-Lucent, and a Microhoo search deal.

The mood of the telecoms industry was one of cautious optimism this week, with a number of the big hitters posting solid quarterly results and signs of green shoots of recovery emerging in a number of areas. It was a pleasant surprise to us at Total Telecom to report on a series of financials that for the most part did not make the markets grimace in horror. BT wowed investors yesterday with its fiscal first quarter numbers; its share price closed up 12.6%, having risen higher earlier in the day. The U.K. incumbent posted a 1% increase in revenue to £5.24 billion, although excluding currency and acquisition effects, revenue was down 3%. The firm reiterated that it expects a 4%-5% revenue decline for the full year. Adjusted EBITDA came in 3% below the year-ago quarter at £1.37 billion, but excluding its troubled Global Services unit, EBITDA rose by 6%, driven by growth at BT Retail and Openreach, and helped by an improved performance from Wholesale, the company said. However, it was Global Services that captured the attention of the market…

The mood of the telecoms industry was one of cautious optimism this week, with a number of the big hitters posting solid quarterly results and signs of green shoots of recovery emerging in a number of areas. It was a pleasant surprise to us at Total Telecom to report on a series of financials that for the most part did not make the markets grimace in horror. BT wowed investors yesterday with its fiscal first quarter numbers; its share price closed up 12.6%, having risen higher earlier in the day. The U.K. incumbent posted a 1% increase in revenue to £5.24 billion, although excluding currency and acquisition effects, revenue was down 3%. The firm reiterated that it expects a 4%-5% revenue decline for the full year. Adjusted EBITDA came in 3% below the year-ago quarter at £1.37 billion, but excluding its troubled Global Services unit, EBITDA rose by 6%, driven by growth at BT Retail and Openreach, and helped by an improved performance from Wholesale, the company said. However, it was Global Services that captured the attention of the market…

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