About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Friday, October 21, 2016

Ericsson Sees Sales Stagger

Ericsson reported a 14% year-on-year decline in revenues to 51.1 billion Swedish krona (5.7 billion US dollars) for the third quarter.  Sales fell by approximately one quarter in the Middle East, Africa and India. The company said: "The decline, in both mobile broadband coverage and capacity sales, was particularly strong in markets with a weak macro-economic environment. In addition, capacity sales in Europe were lower than a year ago."

It also signalled further trouble ahead: "The current industry trends indicate a somewhat weaker than normal seasonal sales growth between the third and fourth quarters. In addition a renewed managed services contract in North America, with reduced scope, will impact sales negatively." source: Ericsson statement

China Mobile Flatlines

China Mobile reported revenue of 172 billion Chinese yuan (25.4 billion US dollars) for the third quarter - roughly flat year-on-year. It added more than 6.6 million connections in the quarter,  taking the total to 844 million, of which 481 million are on 4G. source: China Mobile data

Thursday, October 20, 2016

Verizon Acknowledges Challenging Environment

Verizon reported a 2.9% year-on-year decline in revenues in the third quarter of 2016 on a like-for-like basis. Group revenues fell to 30.9 billion US dollars as customers in its wireless division "continued to choose unsubsidized device payment plans." However, Verizon said wireless service revenues plus device payment plan billings increased 2.3%.

Chairman and CEO Lowell McAdam added: “While we transform our company in a challenging environment, we have maintained the financial flexibility to invest in our industry-leading networks to better serve customers, add scale to bring innovation to the mobile media and Internet of Things (IoT) markets, and increase dividends for a 10th consecutive year.” source: Verizon statement

Wednesday, August 24, 2016

China Telecom Accelerates

China Telecom reported a 7% year-on-year increase in operating revenue for the first six months of 2016 to 177 billion Chinese yuan (26.5 billion US dollars). That compares with growth of just 2% across 2015. China Telecom attributed the rise to rapid growth in 4G and fiber subscriptions. The telco also reported a 303% increase in Internet of Things connections, but didn't give any absolute numbers. source: China Telecom presentation

Thursday, August 11, 2016

4G Revitalises China Mobile

China Mobile reported a 6.9% increase in service revenue to 325 billion Chinese yuan (49 billion US dollars) for the six months to June 30th. In 2015, service revenue fell 1.2%. The operator attributed the increase to rapid adoption of 4G. It expects to have more than 500 million 4G customers and 1.4 million 4G base stations by the end of 2016, up from 429 million and 1.32 million at the end of June. source: China Mobile presentation