Cable & Wireless posts 17% gain in pretax profit; British telecommunications group's 1st-half results saw 25% revenue rise

Article Abstract:

Cable & Wireless PLC, the British telecommunications company, reports pretax profits up 17 percent, to 351 pounds sterling ($630.6 million), in the first half ended Sep 30, 1991. Revenues are up 25 percent. More than half of the company's profit comes from operations in Hong Kong, where Cable & Wireless owns 58 percent of Hong Kong Telecommunications Ltd. Analysts say the company's condition will be more fully revealed when results for the year are published because those results will reflect increased taxes and the company's investment in a new telephone network in Australia. Cable & Wireless has a 24.5 percent investment in Opus Communications, which has a contract for domestic and international telecommunications services in Australia.

United Kingdom, Australia, Hong Kong, Cable & Wireless PLC, Great Britain, CWP

---

AT&T decides not to raise its dividend; move disappoints analysts who had wanted rise; share price drops $1.25

Article Abstract:

AT and T will not raise the dividend for the quarter ending Dec 29, 1989, despite a strong showing since mid-1988. AT and T's dividend will be the customary $1.20 per share, payable Feb 1, 1990. An increase would have been the first since AT and T's breakup in 1984. Analysts who had been predicting an increase in the annual dividend were disappointed by the announcement to the contrary, and AT and T's stock fell $1.25 a share. It is estimated that the decline represents as much as $3 billion in market capitalization. AT and T may be withholding its dividend increase until the 1st qtr 1990, when it could announce a large increase at its annual spring meeting.

T, Stock-exchange, Stock exchanges, Statistics, American Telephone and Telegraph Co., Stock markets, Stock Market, Fourth Quarter

---

Telesphere International to post net for 2nd period after 3 quarters of losses

Article Abstract:

Telesphere International is expected to report earnings for the 2nd qtr that will exceed its break-even goal. The communications firm may announce as much as $100,000 in earnings, or about one cent per share, on revenue of just over $44 million. Telesphere's turnaround comes after a major reorganization in ownership, financial operations and management. Revenue increased $9.5 million from 1988, and at that time, the company had earnings of 10 cents a share. Telesphere has had billing and collection problems, particularly in its 900-line interactive services and its alternate-operator services, which amount to one-third of its revenue.

Services, Telephone companies, Revenue, Telephone Company, Reorganization, Second Quarter, Telesphere International Inc., TSP

Similar abstracts:

• Abstracts: A great leap forward; Asia's telecommunications industry jumps into the 21st century - without ever seeing the 20th
• Abstracts: Designing telecommunications networks for the reseller market. A multiobjective methodology for selecting subsystem automation options
• Abstracts: Fairness and social risk II: aggregated analyses. Choosing between risky prospects: the characterization of comparative statics results, and location independent risk
• Abstracts: Data models research in accounting: an evaluation of wholesale distribution software. A model of control and audit procedure change in evolving data processing systems
• Abstracts: Accounting implications of corporate diversification. Entrepreneurial ability, venture investments, and risk sharing

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.