Displaying items by tag: mobile operator
TELUS Corporation today released its unaudited results for the third quarter of 2018. For the quarter, the operator consolidated operating revenue of $3.8 billion increased by 11 per cent over the same period a year ago.
This growth was driven by higher wireless network and equipment revenues, wireline services revenue growth and higher other operating income resulting from our share of the non-recurring equity income related to real estate joint ventures of $171 million arising from the sale of TELUS Garden. Excluding this equity income consolidated operating revenue increased by 5.8 per cent.
Earnings before interest, income taxes, depreciation and amortization (EBITDA) increased by 8.2 per cent to $1.3 billion due to higher revenue growth as referenced above and improved wireless equipment margins.
This growth was partly offset by incremental employee benefits expense due to recent business acquisitions and increased costs to support our growing customer base. Adjusted EBITDA was up 6.4 per cent when excluding the net gain from the sale of TELUS Garden, as well as restructuring and other costs, which included our committed donation of $118 million to the TELUS Friendly Future Foundation.
“TELUS reported strong operational and financial results for the third quarter, including robust customer growth across both the wireless and wireline segments of our business. This was buttressed by a continued excellent performance in wireless and wireline customer loyalty and lifetime revenue,” said Darren Entwistle, President and CEO. “Importantly, the TELUS team continues to achieve industry-leading postpaid wireless churn, and realized record third quarter high-speed Internet and TV retention levels. This performance was driven by our team’s relentless focus on providing exceptional customer experiences, and was anchored by the ongoing generational investments we are making in our leading broadband wireline and wireless networks, both of which are hallmarks of TELUS’ successful, long-term growth strategy.”
Mr. Entwistle added, “The efficacy of our broadband technology investments is reflected in TELUS, once again, being named as having the fastest mobile network in Canada by PCMag. This repeat acknowledgement builds on our outstanding record of achievement with respect to network excellence, having already earned the top spot in all major mobile networks reporting this year, including Ookla, J.D. Power and OpenSignal. These leading network rankings, each received consecutively for two or more years, reinforce the consistent superiority of TELUS’ broadband networks available to citizens across the country.
Mr. Entwistle further commented, “Our dividend increase announced today, on the back of our 41 per cent free cash flow growth, reflects the sixteenth increase since 2011, and is the fourth in our most recent three-year dividend growth program, targeting annual growth between seven and 10 per cent through 2019. This builds on our proven track record of providing investors with the industry’s best multi-year dividend growth program, which continues to generate significant value for our shareholders. Notably, TELUS has now returned $16 billion to shareholders, including $10.8 billion in dividends, representing $27 per share since 2004. We look forward to updating investors on the progression of this program at our 2019 annual general meeting.”
Doug French, Executive Vice-president and CFO said, “For the third quarter of 2018, TELUS delivered positive operational and financial results, reflecting the strength of our multiple product and valued service offerings, our commitment to customer service excellence and our network superiority. Our strategic capital investments are clearly paying off, as evidenced by our strong subscriber and loyalty results, and position us to maintain our network leadership as we progressively move towards the arrival of 5G.”
Mr. French added, “As we head into the seasonally important final quarter of 2018, we remain focused on executing against our strategy, amplifying our efforts on cost efficiency, focusing on margin accretive customer growth and investing to support our growth strategy. Today we are raising our full year 2018 assumption for restructuring and other costs, including an additional $50 million targeted towards further streamlining our business and enhancing our effectiveness in serving our growing customer base. This additional investment in restructuring, to be recorded in the fourth quarter of 2018, is expected to deliver annual cost savings of more than $50 million beginning next year. Meanwhile, our net debt to EBITDA leverage ratio continues to improve, putting us in good position for 2019.”
SK Telecom's 'oksusu,' its mobile IPTV service jointly operated with SK Broadband was recognized by the GSMA as the 'Best Mobile Video, TV or Film App' category at the Global Mobile (GLOMO) Awards 2017 at Mobile World Congress 2017.
The 'Best Mobile Video, TV or Film App' category is presented to the very best and most compelling apps in the field of media, film, TV and Video content under the category of Best Mobile Apps.
Available to all users including non-SK Telecom subscribers, oksusu boasts a differentiated pool of video content by offering approximately 115 different live TV steaming channels and over 17,000 diverse movies. oksusu also provides exclusive original content in collaboration with broadcasting houses and MCNs (Multi-Channel Networks) and its own 360 VR content to meet customers' varying needs and interests.
SK Telecom applied a sophisticated personalization engine to offer a truly optimized experience for each user based on big data and also 'T Live Streaming,' the world's first true real-time mobile streaming technology, which reduced latency to 3 seconds, allowing more users to experience true real-time streaming services.
Kim Jong-won, Senior Vice President and Head of Media & Home Business Office at SK Telecom and Mobile Business Office at SK Broadband said, "We are honored to be recognized globally for our innovation in media platform." Kim added, "SK Telecom will continue to pursue technological advancements in media ecosystem to meet users' needs."
With GLOMO Awards 2017 as a momentum, SK Telecom will continue to focus on constructing the 'New ICT ecosystem,' which creates new value by combining various technologies and services, going beyond the role of conventional mobile carrier.
Australian mobile operator Optus has launched native Voice over WiFi – or WiFi Calling – which allows customers to easily make and receive calls, SMS and MMS where there is limited mobile coverage but an accessible WiFi service, such as home or public
WiFi Calling (VoWI-FI) differs from WiFi Talk, Optus’ app based solution that customers download to their device to make and receive calls and SMS over WiFi.
WiFi Calling is supported by inbuilt device technology and is set-up on the device where VoLTE – Voice over LTE (4G) – is enabled. With a compatible handset, WiFi Calling easily allows calls to switch between WiFi and mobile networks for optimal user experience.
Dennis Wong, acting Managing Director, Optus Networks said: “WiFi Calling allows customers to stay connected if mobile coverage is limited when they are out-and-about, at home or in the office, but have access to a WiFi connection. When Wi-Fi Calling is switched on, the device automatically detects and seamlessly switches to an available Wi-Fi connection to use voice and messaging services.”
The Samsung Galaxy S7 and Galaxy S7 Edge support Optus VoLTE and therefore are the first devices available to support WiFi Calling, with plans underway to include more devices.
Richard Fink, Vice President for IT & Mobile, Samsung Electronics Australia said: “Samsung Electronics Australia is committed to working with our partners on technology leadership in the Australian market. We are delighted to have collaborated closely with Optus to be the first handset manufacturer to launch the Voice over WiFi service via the Optus network and on the Galaxy S7 and S7 edge smartphones. We will continue to work with Optus to roll out support for this service on further products.”
WiFi Calling is available to Optus customers across Australia and will operate wherever there is an accessible WiFi service, such as home or public WiFi.
“Optus will continue to add other devices and expand the availability of WiFi Calling to more customers,” Mr Wong said. Optus WiFi Calling complements Optus’ WiFi Talk app. Visit Optus’ WiFi Calling webpage for more details.
Telstra, Australia’s largest mobile operator, has been barred from participating in an upcoming digital dividend spectrum auction over concerns from the country’s regulators that it could increase the company’s dominance creating an unfair playing field. Telstra already owns more than 50 percent of the available low-band spectrum in Australia and has a 52 percent share of the country’s mobile connections.
Telstra was blocked from participating in the auction by the Australian Communications and Media Authority (ACMA) and was supported by the coalition government. It was following guidelines from the Australia Competition and Consumer Commission, according to The Australian, that Telstra should be excluded from the spectrum auction.
Other active mobile operators in Australia such as Vodafone, Optus and TPG Telecom are now left with optimistic opportunity to compete for the spectrum in the auction. Two blocks of 15MHz spectrum is up for grabs in the auction which the operators will compete for, which is expected to raise up to AUD1 billion.
Spare spectrum was leftover after a previous digital dividend sale back in 2013, after which the government announced in October a remaining 30MHz of 700MHz of spectrum available for sale. According to The Australian, the government priced the spectrum at AUS1.25 per megahertz per capita covered, which is the same as the reserve price for the 2013 auction adjusted for a shorter license term. Australian mobile operators will be able to apply for auction applications in January 2017.
STC said it has raised its share in VIVA to a controlling stake after acquiring 25.8 percent of shares for $425 million.
STC, the largest Arab telecommunications firm in terms of capitalization, had held a 26-percent stake in VIVA since its establishment in 2008 and was running the company.