U.S. Army Captain Michael Kelvington, commander of the Battle company, 1-508 Parachute Infantry battalion, 4th Brigade Combat Team, 82nd Airborne Division, bows next to remains of Gulam Dostager, a member of Afghan Local Police who was killed in the blast of an Improvised Explosive Device (IED) during the joint Tor Janda (Black Flag in Pashtu) operation, in Zahri district of Kandahar province, southern Afghanistan May 25, 2012.  REUTERS/Shamil Zhumatov  (AFGHANISTAN - Tags: MILITARY CIVIL UNREST CONFLICT TPX IMAGES OF THE DAY)

Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

Members of the U.S. Navy Blue Angels fly over the World Trade Center in lower Manhattan as part of the 25th annual Fleet Week celebration in New York, May 23, 2012.  REUTERS/Eduardo Munoz (UNITED STATES - Tags: MILITARY ANNIVERSARY TPX IMAGES OF THE DAY)

Fleet Week

The U.S. Navy takes Manhattan for a week.  Slideshow 

Photo

The SpaceX mission

A privately owned unmanned rocket blasts off on a mission to be the first commercial flight to the International Space Station.  Slideshow 

FACTBOX - Telecom operators cost-cutting hits gear makers

Fri Mar 20, 2009 10:17am EDT

(Reuters) - Telecom gear makers are suffering as customers, especially those in developed markets in Europe and North America, cut costs and lay off staff to deal with the global economic crisis.

In a few developing markets, notably China, telecom services are still expanding, providing a boon to equipment makers, notably domestic firms such as Huawei and ZTE.

AMERICA MOVIL -- America Movil plans to cut capital expenditures by about half to $3 billion in 2009.

AT&T -- The top U.S. carrier said on January 28 capital spending in 2009 will be 10-15 percent lower than in 2008.

BT GROUP -- The operator announced late last year 10,000 job cuts and a plan to trim the cost of its pension scheme just days after it issued a profit warning.

GLOBE TELECOM -- The second-biggest telecoms firm in the Philippines said in February it will cut capital spending this year by up to 16 percent to $350-$400 million.

MEGAFON -- Russia's No. 3 carrier said in December it would closely monitor the economic situation and be ready to respond by cutting investment or operating costs if necessary.

MILLICOM -- The emerging market operator said last month it would slash 2009 capex to $1 billion from $1.4 billion last year.

MTS -- The largest mobile phone operator in Russia said on March 11 it planned $1.5 billion capital expenditure this year, down from $2.2 billon in 2008.

RELIANCE COMMUNICATIONS -- Said its capital expenditure would be about 150 billion rupees in the year to March 2010, and 250 billion rupees over the 15 months to March 2009, 20 percent lower than projected earlier.

SPRINT NEXTEL -- The No. 3 U.S. wireless carrier said it would continue spending on network maintenance in 2009, but would hold off on expansion to preserve its cash position.

TELECOM ITALIA -- The debt-laden operator said it would shed assets worth nearly $4 billion and cut another 5 percent of its workforce to slash borrowings and costs.

TELEFONICA -- One of the largest mobile operators in the world said on February 26 its capex would fall to 7.5 billion euros in 2009 from 8.5 billion last year.

TELENOR -- Said on February 11 it was cutting capital expenditure to 15-17 percent of revenues from 19 percent in 2008.

TIM PARTICIPACOES -- Telecom Italia's Brazilian subsidiary has earmarked 2.3 billion reais for investments in 2009, down from 3.3 billion in 2008.

VERIZON -- Said on January 27 its capital expenditure in 2009 would be lower than last year.

VIMPELCOM -- The chief of Russia's No.2 mobile carrier said on January 28 the firm was postponing investments.

VODAFONE -- Said in November it aims to maintain profits and boost free cash flow by cutting 1 billion pounds of costs.

ZAIN -- The Kuwaiti mobile operator said in February its 2009 capex in its African operations would fall to $1 billion-$1.5 billion from $1.6 billion last year.

(Editing by Dan Lalor)

(Reporting by Tarmo Virki and Kirby Chien)

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