& cplSiteName &

Eurobites: Ukraine Crisis Hits MTS Hard

Paul Rainford
8/21/2014
50%
50%

Also in today's EMEA regional roundup: Rostelecom profits down by a third; Kudelski gets Nagra H1 boost; mapping unit strife at Nokia.

  • Russian operator Mobile TeleSystems OJSC (MTS) (NYSE: MBT) has cut its full-year revenue and profit forecasts in the face of continuing political instability in Ukraine, reports Reuters. The company now expects revenue growth will be limited to around 1%, where it had been predicting growth in the 3-5% range. Its services in Crimea have already been suspended, following the peninsula's annexation by Russia in March. (See Euronews: Ukraine Networks Under Attack.)

  • Still on the Russian front, state-backed operator Rostelecom posted second-quarter profits down 31% year-on-year to 6.1 billion roubles (US$168 million), reports Reuters. By contrast to MTS, the Crimean situation seems to have presented an opportunity to Rostelecom, and it has set up a branch office there with a view to developing a new network in the region.

  • Switzerland-based Kudelski Group , which owns Nagra, the pay-TV content security specialist, has posted half-year results showing revenues are up 5.2% year-on-year to 400 million Swiss francs ($438 million), while net profits are up 70.1% to CHF18.3 million ($20 million). Nagra's customers include French cable operator Numericable-SFR and Spain's Euskaltel .

  • A little more light is being shed on the departure of Michael Halbherr from HERE, Nokia Corp. (NYSE: NOK)'s mapping products division: According to Bloomberg, Halbherr navigated his way out of the CEO's office after a disagreement with overall Nokia boss Rajeev Suri over the future direction of the division, which is bit ironic if you think about it. It seems there is an internal debate at Nokia between those who think the focus of HERE should be exclusively on automotive/enterprise clients and those who think the division should be still pitching its own consumer products.

  • UK mobile joint venture EE has extended its 4G roaming agreements with a further 16 countries, Canada, Germany and Italy among them. Similar agreements had already been set up in France, Spain and South Korea. (See EE Enables LTE Roaming in 16 More Countries.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (1)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    SachinEE
    50%
    50%
    SachinEE,
    User Rank: Light Sabre
    8/24/2014 | 11:50:15 PM
    Still a ray of hope
    MTS expects the business to grow 1% againt a 5% planned growth had this crisis never happened. We all know how analytics work. If they had better analysts working on this they could have backed out sooner but they didn't, hence now then project 1% growth, which isn't the fault of the crisis. 
    Featured Video
    From The Founder
    Light Reading founder Steve Saunders grills Cisco's Roland Acra on how he's bringing automation to life inside the data center.
    Flash Poll
    Upcoming Live Events
    March 20-22, 2018, Denver Marriott Tech Center
    March 22, 2018, Denver, Colorado | Denver Marriott Tech Center
    March 28, 2018, Kansas City Convention Center
    April 4, 2018, The Westin Dallas Downtown, Dallas
    April 9, 2018, Las Vegas Convention Center
    May 14-16, 2018, Austin Convention Center
    May 14, 2018, Brazos Hall, Austin, Texas
    September 24-26, 2018, Westin Westminster, Denver
    October 9, 2018, The Westin Times Square, New York
    October 23, 2018, Georgia World Congress Centre, Atlanta, GA
    November 8, 2018, The Montcalm by Marble Arch, London
    November 15, 2018, The Westin Times Square, New York
    December 4-6, 2018, Lisbon, Portugal
    All Upcoming Live Events
    Hot Topics
    Federal Funds for Broadband? Unlikely
    Mari Silbey, Senior Editor, Cable/Video, 2/12/2018
    Has Europe Switched to a Fiber Diet? Not Yet...
    Ray Le Maistre, Editor-in-Chief, 2/15/2018
    Net Neutrality: States' Rights vs. the FCC
    Mari Silbey, Senior Editor, Cable/Video, 2/13/2018
    Will China React to Latest US Huawei, ZTE Slapdown?
    Ray Le Maistre, Editor-in-Chief, 2/16/2018
    IBM, Microsoft Duke It Out Over Chief Diversity Hire
    Sarah Thomas, Director, Women in Comms, 2/15/2018
    Animals with Phones
    Live Digital Audio

    A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

    Like Us on Facebook
    Twitter Feed