Ericsson has warned that its third quarter results will be “significantly lower than company expectations”, a week after it said it would cut 3,000 jobs in Sweden. Announcing its preliminary Q3 results, Ericsson said that negative industry trends from the first half 2016 have “further accelerated”. It noted weaker demand for mobile broadband – especially […]
Central European Media Enterprises (CME) reported an upturn in revenues and operating income in Q3, the company’s strongest quarter of the year so far. Announcing its third quarter results, CME reported net revenues of US$140.1 million (€111 million), up 7% compared to last year, while operating income before depreciation and amortisation was US$2.9 million compared […]
Liberty Global has posted solid subscriber growth of 314,000 customers in its first quarterly earnings report since its absorption of Virgin Media, while the latter’s TiVo advanced TV product attracted 165,000 new customers, taking its penetration to 49% of the company’s base of 3.8 million TV customers. Liberty Global’s Horizon advanced TV product meanwhile […]
