2008-07-06 23:27:17 - www.companiesandmarkets.com adds new report - EMEA telcos' 2007 results are strong as possible market downturn nears

www.companiesandmarkets.com/Summary-Market-Report/EMEA-telcos-20 ..
As the euro appreciated 8.3% versus the US dollar in 2007, telecom revenues for 52 carriers grew (in US dollars) at a faster 15% pace to $504 billion, net income grew 31% to attain an average net margin of 13.2%, and operating cash flow (OCF, or revenues less opex less capex) held steady at a bit

over 20% of revenues. OCF’s stability was aided by capex, which rose by just 13.5%. Operators in the Middle East, Africa, and CIS markets retain above-average net margins and OCF.