Webwire: Nokia junked again; NTT DoCoMo income slips
Staff writer |
April 30, 2012
Standard & Poor's downgraded Nokia’s credit rating to junk status Friday, the third downgrade to the vendor’s non-investment grade status in as many weeks as the handset maker battles falling sales and doubts over its product strategy
Tax code changes dragged NTT DoCoMo’s profit down 5.4% to 63.9 billion Yen (€601 million) for the year to March, but its operating profit was boosted by smartphone sales
China Telecom's first-quarter net profit fell 6.5% year-on-year to 4.27 billion yuan (€513 million), due to rising network costs and handset subsidies, making it the only Chinese cellco to post a fall in net profit during the quarter.
Credit rating agency Fitch says India's adverse regulatory environment and risks in Africa outweigh Airtel's ability to organically improve its balance sheet, and has downgraded the carrier as a result.
Australian incumbent carrier Telstra is targeting up to A$3 billion (€2.3 billion) of new telecoms service deals with the government and corporate sector in the year ahead.
Qatar Telecom’s 1Q earnings beat forecasts, despite falling 12% year-on-year due to forex losses