Financial Data and Key Metrics Changes - Net service revenue increased by 2% year on year, reaching R27.9 billion, with EBITDA also growing by 2% [4][12] - Telco core income decreased by 6% year on year, primarily due to increased depreciation from network investments [4][13] - Core income remained steady, supported by Maya's positive contribution, which turned profitable this quarter [4][13] Business Line Data and Key Metrics Changes - Home segment revenue rose by 4% year on year, driven by fiber demand, which now accounts for 97% of home revenues, up from 92% in 2024 [5][8] - Enterprise segment total revenue remained stable at R11.9 billion, with ICT revenues growing by 16% year on year [6][10] - Mobile revenues declined slightly due to lower packet Wi-Fi usage, but 5G adoption and data traffic are increasing [6][12] Market Data and Key Metrics Changes - Mobile data, fiber, corporate data, and ICT now account for 89% of total revenues, up from 88% in 2024 [7] - 5G data traffic surged by 81% year on year, with 5G device adoption growing by 60% quarter on quarter [12][63] Company Strategy and Development Direction - The company aims for steady revenue growth, disciplined expense management, and prudent capital allocation [5][14] - PLDT is focusing on expanding its fiber footprint and enhancing its digital infrastructure, including the launch of the Asia Direct Cable to improve international connectivity [23][24] - Maya, the fintech driver, is positioned for sustainable growth with its integrated ecosystem of payment, banking, and lending services [25][26] Management's Comments on Operating Environment and Future Outlook - Management acknowledges near-term challenges but remains confident in market position supported by strong operational fundamentals [35] - The company is committed to generating positive free cash flow by 2026 and reducing leverage to around a 2.0x net debt to EBITDA ratio [17][18] Other Important Information - PLDT's CapEx for Q1 2025 was R10.8 billion, lower than the previous year, with a guidance adjustment for 2025 [14][15] - The company maintains investment-grade credit ratings, reflecting investor confidence in its financial health [16][17] - Sustainability initiatives include commitments to no net deforestation and enhancing online safety for customers [32][33] Q&A Session Summary Question: Impact of Pogo-related revenue pressures on the enterprise segment - Management anticipates continued impact from Pogo cancellations until Q3, but efforts are being made to mitigate revenue loss [40] Question: Take-up levels for VITRO Santa Rosa's new capacities - A significant hyperscale customer has already signed for four megawatts, with ongoing discussions for additional capacity [42] Question: Profit momentum for Maya for the remainder of the year - Management expects steady and gradual margin improvement rather than a hockey stick growth pattern [45] Question: Trends in the mobile business for Q2 - The market has softened, but traffic growth year on year gives confidence in monetizing demand [47] Question: Water usage for VITRO Santa Rosa - Current water usage is normal, with expectations for increased usage as AI workloads ramp up [49][50] Question: Interest income on loans and cost of funds for Maya - Specific numbers on loan yields and cost of funds were not disclosed, but receivables include credit card business [51] Question: Target loan to deposit ratio for Maya - No specific target is set, but a conservative approach will be maintained [53] Question: Subscriber growth in the home segment - Management anticipates sustained growth in subscriber additions throughout 2025 [55] Question: Guidance for 2025 net income - No guidance is provided due to the fluid environment [81] Question: Strategies to improve working capital efficiency - Focus on asset monetization and consolidation of central offices is planned over the next three years [85] Question: Competition in the mobile business - Management does not foresee the same trend of softness as the rest of the industry, citing continued traffic growth [86] Question: Revenue uplift from VITRO Santa Rosa - The facility is expected to generate significant enterprise revenue once fully operational, with current AI workloads already recognized [88]

Telefonica, S.A. (NYSE:TEF) Q1 2025 Earnings Conference Call May 14, 2025 4:00 AM ET Company Participants Torsten Achtmann - Director of IR Emilio Rodriguez - COO Laura Abasolo - CFO and Control Officer Lutz Schuler - CEO Virgin Media O2 Markus Haas - CEO of Telefonica Deutschland Conference Call Participants Andrew Lee - Goldman Sachs Mathieu Robilliard - Barclays Fernando Cordero Barreira - Banco Santander Akhil Dattani - JPMorgan James Ratzer - New Street Research Keval Khiroya - Deutsche Bank Operator ...

工业和信息化部部长李乐成在北京会见伊朗电信和信息技术部部长哈希米，就加强两部间合作交换意 见。 ...

Summary of Key Points Core Viewpoint - The Hong Kong stock market experienced significant net inflows from Northbound trading, with a total net buy of 67.07 billion HKD, indicating strong investor interest in certain sectors and stocks [1]. Northbound Trading Activity - The net buy from Northbound trading included 50.03 billion HKD from the Shanghai Stock Connect and 17.04 billion HKD from the Shenzhen Stock Connect [1]. - The most bought stocks were the Tracker Fund of Hong Kong (02800), China Construction Bank (00939), and Ping An Insurance (02318) [1]. - The most sold stocks included Xiaomi Group-W (01810), Tencent (00700), and SMIC (00981) [1]. Stock-Specific Insights - **Xiaomi Group-W (01810)**: Experienced a net sell of 15.44 billion HKD, with concerns over declining orders impacting investor sentiment, although a recovery in orders is anticipated from late May [8]. - **Tencent (00700)**: Faced a net sell of 8.99 billion HKD, despite reporting a 13% year-on-year revenue increase in Q1, with significant capital expenditure directed towards AI development [7]. - **SMIC (00981)**: Saw a net sell of 4 billion HKD, with Q1 revenue slightly below expectations but a higher-than-expected gross margin, indicating resilience despite operational challenges [6]. - **China Construction Bank (00939)**: Received a net buy of 7.61 billion HKD, reflecting positive sentiment towards the financial sector [5]. - **Ping An Insurance (02318)**: Also saw net buying activity, contributing to the overall bullish trend in the financial sector [5]. Market Sentiment and Economic Factors - The positive sentiment in the market is partly attributed to constructive developments in US-China trade negotiations, which are expected to reduce global trade and recession risks [4]. - The financial sector is experiencing increased inflows due to regulatory changes that allow for greater investment in equity assets, leading to a surge in institutional buying [5].

AT&T (T) FY Conference Summary Company Overview - **Company**: AT&T Inc. (T) - **Date of Conference**: May 13, 2025 - **Speaker**: Jeff McElfresh, COO of AT&T Key Points Financial Guidance and Performance - AT&T provided multiyear guidance in December, targeting healthy EBITDA growth of over 3% and long-term cost savings of $3 billion by 2027 [5][6] - The company aims to reach 50 million fiber passings by 2029, with capital investments expected to be between $4.5 billion and $5 billion in Q2 2025 [5][6] - AT&T is on track to begin a share repurchase program in 2025, indicating confidence in financial health [7] Market Dynamics and Strategy - The telecom industry remains resilient, with high demand for services despite macroeconomic uncertainties [11] - AT&T's capital program is primarily labor-focused, mitigating near-term impacts from tariffs [12] - The company is focused on modernizing its wireless network and expanding fiber infrastructure, which is critical for capturing traffic and service revenues [15][19] Convergence Strategy - AT&T's core business model emphasizes building a network that aggregates the most traffic at the lowest cost [15] - The company is committed to a balanced investment strategy that includes subscriber growth and capital returns [7] - AT&T is on pace to achieve 50% fiber and converged penetration goals, with a focus on optimizing acquisition strategies [22][23] Customer-Centric Initiatives - The AT&T Guarantee is a commitment to customer service, focusing on network reliability, access to deals, and expected service quality [28][30] - This initiative aims to improve customer lifetime value (LTV), reduce churn, and enhance overall business performance [31][33] Wireless Market Insights - The wireless market is fully penetrated, leading to increased competition for customer loyalty [35] - AT&T is not focused on quarterly net add numbers but rather on long-term growth and share of wireless service revenues [38] Fiber Expansion and Business Wireline - AT&T is on track to build an additional 15 million locations by 2029, with a current pace of 3 million annually [40][46] - The company is transitioning from copper to fiber, with a focus on medium-sized and small businesses to drive growth in the Business Wireline segment [52][55] Operational Efficiency - AT&T's fiber deployment is significant, with the equivalent of building a fiber connection from New York City to Los Angeles every month [26] - The company is focused on improving operational efficiencies and customer service to enhance profitability [47][55] Additional Insights - AT&T's strategy includes leveraging both fiber and wireless networks to serve customer demand effectively [19][39] - The company is committed to maintaining a competitive edge through continuous investment in technology and infrastructure [15][19] This summary encapsulates the key insights and strategic directions discussed during the AT&T FY Conference, highlighting the company's focus on growth, customer service, and operational efficiency in a competitive telecom landscape.

令人脊背发凉的是，黑客突破的归属用户服务器（HSS）系统本处于物理隔离的封闭网络，本被视作 "万无一失的保险柜"。但攻击者如鬼魅般潜入，导致USIM卡数据大规模泄露，涉及国际移动用户识别 码（IMSI）、电话号码及 21 种核心管理信息。韩国科学技术信息通信部（MSIT）调查发现，5台核心 服务器中暗藏4 款BPFDoor 病毒家族恶意软件，利用 Linux 系统伯克利数据包过滤器（BPF）漏洞悄然 渗透。技术专家指出，这类病毒的高隐蔽性让溯源追踪近乎 "大海捞针"，调查难度呈指数级攀升。 用户雪崩式流失，SK 电讯陷入 "生死时速" 韩国移动通信巨头SK电讯遭遇 "至暗时刻"！近日，SK电讯的系统遭到了黑客的恶意软件攻击，导致部 分用户的USIM相关信息泄露，韩国信息产业部部长刘尚任在紧急调研SK电讯总部后，言辞震惊："这 起事故已动摇公众对移动通信基础设施的根本信任！" 作为占据韩国5000万人口半数用户（2500 万）的 行业巨头，SK电讯首席执行官柳永相在国会听证会上坦言，此次SIM卡信息盗取案堪称电信行业历史 上最严重的黑客攻击，一场波及整个行业的信任风暴正在席卷而来。 铜墙铁壁被攻破：物理隔离系统 ...

Core Viewpoint - The Federal Communications Commission (FCC) is investigating whether the telecommunications company EchoStar is complying with the requirements for building a nationwide 5G network [1] Group 1 - The FCC's investigation focuses on EchoStar's adherence to the regulations set for the development of the 5G infrastructure in the United States [1]

据5月9日智通财经报道，李嘉诚旗下的长河公司，正打算对其在北京四环的核心楼盘项目进行七折抛售，这一消息瞬间引发各界热议。 要知道这块地是李嘉诚在2001年，斥资7亿元，将北京朝阳区东四环这块总面积达40万平方米的地块收入囊中。 算下来，当时的楼面价仅约1750元/平方米，在那个房地产市场还处于初步发展的阶段，这无疑是一笔极为划算的买卖。 因为在当时，我国有着明确的"三年未开发收回"政策，旨在避免土地资源被恶意囤积，保障市场健康发展。 李嘉诚这次恐怕是真的急了！ 先是低价出售长和旗下43个港口，现在又开始降价抛售自己在北京的豪宅房产。 如此频繁的出售自己的固定资产，李嘉诚有这么缺现金吗？ 难不成真的像有人说的那样，他是想尽快筹措资金，然后转移国内资产，好跑路呢？ 不过，在拿下地块之后，李嘉诚并没让公司大面积动工开发。 李嘉诚为了规避这一政策，命令长河公司将这块地分三期开发，这一策略使得项目开发周期大幅拉长，一直到2024年，该楼盘才正式开 盘售卖。 而经过二十多年的城市发展，北京房地产市场早已今非昔比，此时开盘，房价平均已飙升至10万元一平。 仅仅一年时间，李嘉诚便开始降价抛售，单套价格下降近100万，别墅项目 ...

刘光介绍，安徽将加快出台《安徽省稳外资行动方案》，谋划6个方面共16条举措，多措并举稳住外资规模、稳住外商信心、稳住投资预期。此外，在便捷 畅通渠道方面，安徽将在优化口岸环境、提高通关便利、创新贸易业态和强化金融赋能方面发力。积极推进合肥机场、芜湖港智慧口岸国家试点建设；持续 优化海外仓全球布局；持续开展"外贸+金融"服务创新，满足企业多元化金融需求。 在国际合作方面，安徽将持续实施"徽动全球"出海行动，组织100支左右招商小分队赴境外开展"走进跨国公司总部"活动，组织5000家次企业参加境内外国 际展会，举办15场左右安徽外向型产业主题展。在今年4月组织的阿联酋安徽光伏和储能产业主题展上，超20家企业参加出海推介相关活动， 同时，支持企业"抱团出海"，推动汽车、光伏、锂电等优势产业链上下游企业协同合作参与国际竞争；搭建境外服务网络，建设首批22家境外商务服务网 点，为企业出海提供便利和支持；建设重点国别外资中小企业合作区。 此外，安徽还将主动对接国际高标准经贸规则，开展首创性、集成式探索，推动自贸试验区主导产业全产业链创新，为稳步扩大制度型开放提供"安徽方 案"；加快推进合肥市服务业扩大开放试点城市建设，聚 ...

Group 1 - SoftBank Group is expected to report a net loss of 26.9 billion yen (approximately $184.4 million) due to the cooling of tech startups and increased losses from major investments [1] - The strong yen and the excellent performance of SoftBank's telecom assets, such as T-Mobile, which saw a quarterly increase of over 20%, may partially offset the negative impact of portfolio valuation adjustments [1] - Analysts predict a stark contrast in net loss for the January-March quarter compared to a net profit of 231 billion yen in the same period last year [1] Group 2 - SoftBank has announced its largest investment plan in years, committing $20-30 billion to OpenAI and acquiring chip startup Ampere Computing for $6.5 billion [2] - Analysts question whether these AI investments will improve profitability, as these projects have yet to show substantial results amid intense industry competition [2] - Market uncertainty has led to a cooling IPO market, which may further depress the valuations of SoftBank's unlisted portfolio companies [2]