Telekom Austria surprised few with the direction of travel of its second-quarter financials, reports Reuters. Revenue for the quarter was down 5.1 percent year-on-year, and EBITDA (earnings before interest, tax, depreciation and amortization) down 8.6 percent. The 54 percent devaluation of the Belarusian ruble didn't help matters.
African giant MTN Group Ltd. , by contrast, pushed up its headline EPS (earnings per share) by 7.2 percent year-on-year, reports Reuters Africa. MTN has operations across 21 countries in Africa and the Middle East.
Be careful what you wish for on Facebook: In the wake of the recent U.K. riots, the courts are coming down heavily on those involved -- and even on those who just tried to get involved. The BBC reports that two men from Cheshire, a county in the north of England, have been jailed for four years each for attempting to incite a "copycat" riot in the town of Northwich via the social networking site. Sadly for them -- but happily for the good folk of Northwich -- nobody came.