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BT Stays Ahead of Schedule, Increases Dividend
BT reported overall revenue, excluding transit, of GBP 19.307 billion for the fiscal year ending 31-March-2012, down 1.9% for the year. EBITDA came in at over GBP 6 billion, a year earlier than the company's turn around plan anticipated. The company has proposed a final dividend of 5.7p, up 14%, giving a full year dividend of 8.3p, up 12%.
"In what remains a challenging environment we have delivered another year of growth in profits and free cash flow. Our financial strength has allowed us to invest in the business, make a 2bn pounds payment into the pension fund, reward employees and deliver double digit growth in shareholder returns," stated Ian Livingston, Chief Executive.
Some highlights:
Net labour costs decreased by 1% to £4,812m after adjusting for certain labour related costs of £87m classified as other costs in the prior year.
Capital expenditure was £2,594m, in line with a target for the year of around £2.6bn. BT expects capital expenditure to remain at around £2.6bn in 2013.
BT added 589,000 retail broadband customers in the year, representing 54% of the broadband market net additions of 1,085,000 and taking our retail broadband customer base to around 6.3m, up 10%.
Net additions for BT Infinity, the company's super-fast broadband service, were 131,000 in the quarter, and the customer base currently stands at over 550,000.
BT Vision added 28,000 customers in the quarter, bringing the customer base to over 700,000, up 23% on last year.
Business revenue decreased by 6% in the quarter and 5% in the year. Revenue continued to be impacted by lower IT hardware sales reflecting market conditions and a decision in the second quarter to move away from low-margin IT hardware trade sales. ...
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Deutsche Telekom Q1 Revenues Slide, Profits Up
 Deutsche Telekom's Q1 revenue declined 1.1 percent to EUR 14.4 billion compared to a year ago, while EBITDA remained stable at EUR 4.5 billion, and adjusted EDITDA margin hit 31.0 percent, 0.4 percentage points higher than one year before.
Domestic net revenue amounted to EUR 6.4 billion, around EUR 0.2 billion lower than in the first three
months of 2011. International net revenue remained on a par with the level in the prior-year quarter at
EUR 8.0 billion.
"This was a very satisfying quarter for us," said René Obermann, Chief Executive Officer of Deutsche Telekom. "We have made significant progress in many areas and can now confirm our guidance for the year."
The company cited macroeconomic worries in Europe, intense competition and price changes imposed by the regulatory authorities as having a negative effect.
Some highlights:
In the German mobile market
- Mobile contract net adds were -107k – due to customer migration of one reseller
- Smartphone sales in Q1: 863k smartphones, of which 291k iPhones
- LTE coverage increased to 25% of population (+11pp quarter-on-quarter)
In the German fixed line division:
- Line losses were 24% below last year: 259k in Q1 (339k in Q1/11)
- Broadband customers were up+2.5%: 12,367k, 102k net adds in Q1
- Entertain customers were up +37%: 1,725k total, 173k net adds in Q1
- Retail fiber customers (VDSL) were up +67%: 674k total, 66k net adds in Q1
- Consumer ARPU increased by €0.40 to €25.60
T-Mobile USA
- T-Mobile USA performed well, particularly in terms of its profitability. Revenue increased by 2.0 percent to EUR 3.8 billion in the past quarter, with adjusted EBITDA rising by 12.9 percent to EUR 1.0 billion
T-Mobile USA saw the total number of prepay customers up by 187,000 in the first quarter. The number of branded contract customers (excluding machine-to-machine), on the other hand, was down by 510,000.
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"Polycom has evolved rapidly over the last 18-24 months, and taken actions designed to capture and lead the fast-growing video collaboration market through traditional and new delivery platforms including mobile, social and cloud. The sale of our wireless handset business is a further step toward focusing our product and technology portfolio on our core unified communications and video collaboration solutions, including extending the reach of the Polycom RealPresence Platform,” said Andy Miller, President and CEO of Polycom.
