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Posts Tagged ‘loss’

  • Nigeria started off with the launch of ntel’s LTE-Advanced network in 2017

    Siemans- Corruption to Cost Nigeria 37% of its GDP

    June 20, 2017 • Finance, General, Top Stories, West AfricaComments Off on Siemans- Corruption to Cost Nigeria 37% of its GDP

    Siemans, a multinational company operating in Nigeria, has said that if the public and private sectors in the country do not come together to fight the corruption which is plaguing Nigeria, it will cost the nation 37 percent of its Gross Domestic Profit (GDP)...

  • Sony Electronics $5-billion in the red – again

    May 10, 2012 • Gadgets and Gaming, Top StoriesComments Off on Sony Electronics $5-billion in the red – again

    Japanese -based electronics manufacturer Sony announced that the company has suffered a record full-year loss of $5.7-billion, but have an aggressive strategy to recoup the losses. The company said that the majority of the loss of profit stemmed from their...

  • Orascom Telecom reports second quarter loss

    August 13, 2011 • Mobile and TelecomsComments Off on Orascom Telecom reports second quarter loss

    Egypt’s Orascom Telecom, the parent company of the second largest mobile operator Mobinil, reported a net loss of $58.5 million for the second quarter, despite an upsurge in the short-term revenues. Orascom Telecom was purchased by Russia’s Vimpelcom in...

  • Telkom Kenya performing below expectations

    July 11, 2011 • Mobile and TelecomsComments Off on Telkom Kenya performing below expectations

    Telkom Kenya, a state-run telecommunications operator, is about two years away from becoming a profitable telecoms company. Speaking at a recent press conference, France Telecom’s Vice-President in charge of East Africa Michel Barre says the company is...