Deutsche Telekom reported a positive Q2 outcome. The European telco saw its core profits jump up 9% in its Q2 results, caused mostly by strong results from T-Mobile US. The company reported revenues of €18.9 billion and EBITDA of €5.9 billion up 27.4% year-on-year (YoY). T-Mobile US added a reported 1.3 million new customers in the quarter, service revenues grew by 8.5% to €6.16 billion with adjusted EBITDA up 18%.
At VEON, total revenue increased 12.3% YoY, 3.7% of which, organically. Due to strong revenues in Russia, Pakistan, Ukraine and Uzbekistan. Mobile service revenue grew by 4.3% in organic terms, 30.5% YoY, while fixed-line service declined by 11.5% organically. EBITDA increased 17.1% YoY, 10.6% organically. It reported a net loss of $278 million due to, Euroset impairment of $110 million, the $85 million share of net loss by the Group in respect of Italy JV and the early redemption premiums for bond repurchases of $124 million.
CK Hutchison saw an increase of 69% YoY in its active customers, across its European telco, 3 Group bringing their total of active customers up to 45.2 million. This is because of the Wind Tre joint venture in November 2016, which also affected the company’s revenue. Revenue was up 10% to HK$33,215, EBITDA increased by 33% to HK$11,255 million and EBIT was 39% higher at HK$7,510 million YoY.
As widely reported Apple announced quarterly revenue of $45.4 billion and quarterly earnings per diluted share of $1.67, showing an increase of 7% YoY, exceeding market expectations. International sales accounted for 61% of the revenue for the quarter, particularly the sale of IPads. More than half of iPad sales in China and Japan were to first time buyers and sales were up 32% in the US education market YoY. Apple’s forecast its next fiscal quarter are just as strong, with revenues expected to be between $49 billion and $52 billion, gross margins falling between 37.% and 38%, operating expenses between $6.7 billion and $6.8 billion, and additional income (expense) of $500 million.
With total revenue increase of 6.7% to R64.3 billion, MTN reported an improved set of results for the six months ended June 2017. Headline earnings per share increased to 217 cents in comparison to 271 cent headline loss for the same period of last year. Data revenue for the company increased by 31.9%, capital expenditure decreased by 25.2% to R10.3 billion and subscriber numbers decreased by 3.6% to 231.8 million. All of which was affected by the $5.2 billion fine by the Nigerian Communication Commission for failing to deregister unsubscribed users.