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Huawei $6.6bn R&D

Huawei, the privately held Chinese group, has boosted its R&D funding by almost one-third in 2014 as China’s 4G revolution marched on. The company has increased spending 29 per cent year-on-year to $6.6 billion, while revenues rose 20.6 per cent to $46.5 billion. Ken Hu, who shares the post of chief executive, said that in 2015 the company would spend […]

Panasonic €7bn war chest

Panasonic has said it is ready to spend 1 trillion yen (€7.6 billion) on acquisitions over the next four years, bolstered by a stronger profit outlook for its automotive and housing technology businesses. Chief Executive Kazuhiro Tsuga told analysts Panasonic doesn’t have specific acquisition targets in mind for now. But he said the firm will spend around 200 billion yen […]

Phoenix Sat-TV profits tumble

Hong Kong-based Phoenix Satellite TV’s operating profits fell sharply by 28 percent last year, in the period to Dec 31st. Actual numbers were HK$ 901.78 million this past year, compared to HK$ 1.26 billion in 2013. The company said its actual profit margins at the broadcasting division were higher, and those margins remained stable, despite the dip. Revenue for the […]

Telecom Italia returns to profit

Telecom Italia has returned to profit for the first time in three years as Italy’s largest telecoms group begins its biggest investment to date to modernise its mobile and broadband networks. The group was on the way to becoming a “real public company”, according to chairman Giuseppe Recchi, following an overhaul of its broadband and corporate governance. Net income rose […]

Envivio reduces losses

Envivio, a provider of software-based video processing and delivery solutions, has announced financial results for the fourth quarter and fiscal year 2015 ending January 31st 2015. Revenue for the fourth quarter was $12.7 million, compared with $9 million in the third quarter of fiscal 2015 and $12.5 million in the fourth quarter of fiscal 2014. Revenue for fiscal year was […]

UTV Ireland drops £6m

UTV Media has said it expects losses at its newest TV channel, UTV Ireland, to hit £6 million (€8.3m) this year, double its original forecast. The company, which also owns TalkSport and the ITV franchise in Northern Ireland, said that ‘a number of unforeseen circumstances’ had beset the new entertainment channel since it was launched in the Republic of Ireland […]

SES claims 1.1bn viewers globally

SES has released its annual ‘Satellite Monitor’ numbers and say they have expanded their worldwide reach to 312 million (up 7 per cent) which means the 6500 channels they carry on their satellites are collectively reaching more than 1.1 billion people The market research shows that the growth is coming from emerging markets of Africa, Asia Pacific and Latin America, […]

China Digital Q4 revenues rise

China Digital TV, which supplies conditional access services to more than 400 Chinese cable systems, reported revenues up 12.8 per cent to $29.2 million for its Q4, although revenues for the year to December 31st were down 6.5 per cent to $81.5 million. China Digital TV shipped 5.15 million ‘Smart’ cards during the quarter-year (up from 4.95 million in the […]

UK TV ad revenue record high

Total TV advertising revenue in the UK increased by 6 per cent in 2014 to reach a new record high of £4.91 billion, according to full year revenue figures provided to Thinkbox, the marketing body for commercial TV in the UK, by the UK commercial TV broadcasters. This is the fifth consecutive year that TV ad revenue has grown in […]

Numericable-SFR revenues down

Numericable-SFR reported a 5 per cent slide in 2014 revenue emphasing the need to accelerate the fusion of the two businesses. Sales came in at €11.4 billion, France’s second-largest carrier behind Orange reported, citing pro-forma figures. Stripping out SFR, Numericable’s revenue and earnings jumped but interest payments led to a net loss of €175 million, Chief Financial Officer Thierry Lemaitre […]

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