Tag:

Earnings

Latest Headlines

Latest Headlines

Telstra: profit up in '09, but 2010 will be tough

Telstra appeared to buck the financial odds as it reported its 2009 fiscal year net profit was $3.5 billion, an increase of 10.3 percent from $3.1 billion in its fiscal 2008. The service provider's

Part 2 Interview- Fran Shammo, President of Verizon Business

Fierce Telecom: You mentioned IBM and integrators. What advantage does Verizon have over those companies? Shammo: They are a competitor to us. As I like to say, I think I have a strategic strength.

Qwest says it won't sell long-haul network

Qwest Communications today seemed to silence speculation about the possible sale of its long-distance network by issuing a statement confirming that it will not sell the network. The company said the

More job loss coming for BT?

U.K. telco giant BT is scheduled to report its full-year 2008 financial results this week, and The Times Online reports that some analysts expect the company may need to reduce its workforce by at

Cisco sees profit, revenue drop

Cisco Systems reported its fiscal third quarter earnings, which included a further drop in both net income and revenue, down 24 percent and 17 percent respectively. Net income was $1.3 billion, down

TDS earnings slip, faces sale pressure

Independent telco holding firm Telephone & Data Systems, otherwise known as the owner of U.S. Cellular, is again facing pressure from investor Southeastern Asset Management, this time to either

Global Crossing reports net loss

Global Crossing posted a $59 million net loss for the first quarter, which actually showed improvement over the $72 million net loss for the same period last year. Company officials also said that

TWC subscriber gains looking strong

Time Warner Cable posted first-quarter earnings that weren't great on a purely financial level, but the company did report gains in digital cable TV, telephony and broadband customers that belied

Qwest profit surges 37 percent

Despite a 6.6 percent decline in revenue mostly driven by accelerated landline losses, Qwest Communication posted a first-quarter net income jump of about 37 percent to $206 million. The overall

Level 3 back to earth with net loss, revenue drop

One quarter after recording its first quarterly profit in six years, Level 3 Communications was back in the red for the first quarter of 2009, posting a net loss of $132 million on $980 million in