Telenet earnings miss estimates as inflation, lease payments weigh

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 66%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

(Reuters) -Belgian telecoms company Telenet's third-quarter core earnings missed expectations on Thursday, weighed down by the soaring inflation, high energy prices, and tower-related lease payments.The group reported adjusted earnings before interest, taxes, depreciation and amortisation and after leases (EB

-Belgian telecoms company Telenet's third-quarter core earnings missed expectations on Thursday, weighed down by the soaring inflation, high energy prices, and tower-related lease payments.

The group reported adjusted earnings before interest, taxes, depreciation and amortisation and after leases of 312.7 million euros for the three months to Sept. 30, up 1 per cent year-on-year, or 4 per cent on a rebased basis.Telenet has been reporting EBITDAal as one of its key metrics since the second quarter of this year to reflect tower-related lease payments following the sale of its mobile tower business to Digital Bridge.

European inflation has surged in the past year, driven by record gas prices as Russia curbed supplies following its invasion of Ukraine and Western sanctions against Moscow. Telenet's final agreement with Belgian network operator Fluvius to create an infrastructure joint venture, with an aim to provide speeds of 10 gigabits per second, is pending regulatory approval, CEO John Porter said in a statement.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 6. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

KPN expects 'slight' core earnings growth in 2023(Reuters) - Dutch telecom company KPN NV on Wednesday reiterated its 2022 outlook, but said it expected 'slight' growth in core earnings next year as it works to offset inflation, especially in energy. The group had previously said it targeted adjusted earnings before interest, taxes, depreciation and amo
Herkunft: ChannelNewsAsia - 🏆 6. / 66 Weiterlesen »