Millicom International Cellular SA (MICC) today declared its fiscal third quarter results. Total revenues of $856.2 billion were an improvement of 7% year over year as well as 5.1% sequentially. Revenues were ahead of the Zacks Consensus Estimate of $842 million. This was primarily due to impressive contribution from the Amnet & Navega division and the African region. On a GAAP basis, net earnings in the third quarter was $142.7 million or an income of $1.31 per share compared to a net income of $161 million (an income of $1.49 per share) in the prior-year quarter and a net income of $114.3 million (an income of $1.05 per share) in the previous quarter. EPS was also above the Zacks Consensus Estimate of $1.19.   Quarterly gross margin was 78.9% compared to 75% in the year-ago quarter and 79.2% in the previous quarter. This reflects the aggressive cost cutting ...

Millicom is Consolidating its Balance Sheet Millicom International Cellular S.A. (MICC), a Luxemburg-based leading global wireless service provider in various emerging markets, is exploring all options to improve its highly leveraged balance sheet.

The company had approximately $2.2 billion of total debt and $729 million of cash & cash equivalent at the end of the first quarter 2009. Management has taken several decisions, the first of which is to reduce its capital expenditure.

Historically, Millicom has benefited from the huge capital expenditure it had undertaken to expand and upgrade networks, which resulted in significant subscriber growth and record revenue. Since a major part of fiscal 2008 capital spending was earmarked to improve network coverage, it is expected that the company will now benefit from service expansion.

Management has stated that capital spending will decrease to $850 million in 2009, compared to $1.43 billion in the previous year, improving the company’s ability

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U.S. President Barack Obama has opened the door to a broader relationship with Cuba by loosening travel and communication restrictions. But will pressure from numerous Latin American states and a promise to usher in a new era of cooperation and dialogue in the Western Hemisphere ultimately result in the revocation of the 47 year-old trade embargo? And what would it mean if the Cuban trade embargo were actually abolished? President Obama has already loosened several restrictions enacted by his predecessor George W. Bush. Prior to his arrival at the Summit of the Americas in Trinidad and Tobago last weekend, Obama relaxed restrictions on travel to Cuba, making it easier for Cuban Americans to visit and transfer money to relatives on the island. “There are no better ambassadors for freedom than Cuban Americans,” Obama said in a campaign speech last year. “It’s time to ...

Founded in February of 2002 and headquartered in Atlanta, Georgia, i2 Telecom International Inc. provides telecommunications services employing voice over Internet protocol (VoIP) technology. i2Telecom’s switching centers in Atlanta, Georgia provide full access to global telecommunications carriers. This enables micro-gateway users to complete calls to any phone around the globe inexpensively and with great quality. The Company provides high quality international and domestic long-distance voice, video, and data services at a fraction of the cost of traditional carriers’ rates.

The company introduced MyGlobalTalk™ in January of this year. This product received the 2007 Product of the Year by Internet Telephony Magazine. This product provides Internet telephone usage to every cell phone user, independent of wireless carrier technology, handset manufacturer, or type of wireless carrier voice/data plan they have. MyGlobalTalk™ provides the benefits of a dual-mode phone for less cost using a customer’s existing mobile handset. The Company is engaging in

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Microvision (Nasdaq: MVIS) provides the trademarked PicoP display technology platform to enable next-generation display and imaging products for pico projectors, vehicle displays and wearable displays for mobile devices. In short, the company’s technology allows for information, graphics and text from mobile phones, portable media players, digital cameras and mobile devices to be displayed on any surface in large-scale format.

The company today announced it has begun shipping enhanced accessory projectors to leading consumer electronics original equipment manufacturers (OEMs) and telecommunications carriers for evaluation and testing.

“We are pleased to be providing the next generation prototypes in increased quantities to our partners to commence their evaluation and end-user testing. These units incorporate several important innovations and advancements including: new generation green lasers, an even thinner, smaller and brighter PicoP engine and several image quality enhancements. We are looking forward to receiving valuable feedback as we continue to move forward with our

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