April 2012
28 posts
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Telecom Italia shareholder Telco to hold cap...
Italian telephone company Telecom Italia’s unlisted main shareholder Telco will undertake a capital increase for an unspecified amount, said Assicurazioni Generali Chief Executive Giovanni Perissinotto on Saturday.
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NZ shares mixed; Telecom drops
New Zealand shares were mixed. Companies that have rallied the hardest this year, including Telecom, paced the decline. Summerset Group, the retirement home operator that went public in October, set a new record high.
The NZX 50 Index fell 0.96 points, or 0.02 per cent, to 3,520.82. Within the index, 24 stocks rose, 12 fell and 12 were unchanged. Turnover was $103 million.
Telecom fell 1.9 per...
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Aviat Networks to Present at Next Generation...
Aviat Networks, Inc. (NASDAQ: AVNW), a leading expert in microwave networking solutions, today announced that it will present at the Next Generation Telecoms Africa (NGT Africa) Summit, April 25, in Nairobi, Kenya. Ryan Bruton, Aviat Networks’ sales engineering director for the Middle East and Africa (MEA), will deliver a workshop entitled “Evolving Your Microwave Network,” which...
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Halifax telecom Bell Aliant Inc. reports...
Regional telecom company Bell Aliant Inc. has reported a rise in profit to $87-million for the first quarter of fiscal 2012, saying its digital TV and high-speed Internet services helped boost earnings.
The Halifax-based company’s net earnings in the same quarter of 2011 were $84-million. Revenue was unchanged in the quarter at $682-million year-over-year.
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Telstra, Optus prepare 4G battle for Newcastle
Newcastle is set to become a fresh battleground for mobile subscribers as rival carriers launch next-generation networks in the NSW Hunter region city, according to analysts.
Optus is set to unveil its first Long Term Evolution network in the area this week, using the city - along with the Hunter Valley and stretching north to Port Stephens - as a testbed for the nascent technology.
Its...
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Telecom stocks take a hit, cut losses later
A day after the telecom regulator proposed high spectrum prices, the shares of leading telecom operators tumbled in early trade. The losses were later cut on expectations the proposals might not be accepted. Shares of the largest telecom operator, Bharti Airtel, in morning trade fell as much as 7.6 per cent to Rs 289, its lowest level in nearly two years. The fourth-largest player, Idea Cellular,...
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BLiNQ Networks completes field trials with small...
Telecom Lead Europe: BLiNQ Networks, a provider of small cell wireless backhaul solutions, has completed two field trials with its small cell backhaul solution. The company completed the trials with a tier one global mobile operator and a fixed access provider in Europe.
The company also announced that additional trials in North America and Europe are scheduled in Q2 2012. The company...
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Telecom industry protests Trai's 2G auction price
NEW DELHI: The telecom industry on Monday was up in arms over the higher-than-expected base price proposed by sector regulator Trai for auctioning 2G airwaves freed by the cancellation of 122 mobile phone permits by the Supreme Court in February.
Telecom Regulatory Authority of India (Trai) has proposed a reserve price of Rs 3,622 crore for each megahertz of spectrum in the 1,800-MHz band and...
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New Zealand: Telecom’s new boss seen as hard man
Telecom CEO-apparent Simon Moutter (51) is seen by industry insiders as a “hard man” who is likely to push through staff and cost cuts.
“Moutter as CEO means a lot of slash and burn coming,” one tech industry insider told NBR ONLINE.
“Holy c**p,” said another telecommunications player when news of Mr Moutter’s appointment was broken to him by NBR ONLINE. A competitor – who also did...
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France Telecom unit opens Saudi office
Orange Business Services, an arm of France Telecom-Orange and one of the Middle East’s major ICT employers, has announced the opening of its new dedicated office in Saudi capital Riyadh.
Announcing the Saudi foray, Orange Business Arabia said the new office will help address the specific and significant ICT market opportunity in Saudi and also strengthen its position within the domestic market...
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Telecom industry enters the home security biz, but...
You trust them to tell you about current events and entertain your family with movies, music and most media imaginable. But are you ready to let America’s biggest telecommunications companies conduct surveillance in your home?
If you’re one of the many US consumers that subscribe to security services offered through names like Xfinity Home, IntelligentHome or Home Monitoring and Control, than...
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Vodafone gets extension in CWW acquisition bid
New Delhi: Telecom giant Vodafone has got an extension till April 23 to finalise its bid for acquiring British telecom group Cable & Wireless Worldwide (CWW). “…The Panel on Takeovers and Mergers has consented to an extension of the deadline until 12.00 noon on 23 April 2012,” CWW said in a filing on the London Stock Exchange. However, there is no certainty that any offer...
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Telecom Italia denounces theft of copper cables in...
Telecom Italia has filed a complaint to the judicial authorities after 3 thefts of cables occurred on 12 and 13 April in Altamura, a town and commune of the Apulia region. Unknown persons removed approximately 2.5 kilometres of cable. Telecom Italia technicians intervened in the affected areas to restore the sections of cable that had been removed and to reactivate the involved telephone lines in...
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West African Cable expected to land in South... →
The West African Cable System (Wacs) is set to land in South Africa in May. Neotel CTO and co-chairman of the Wacs management committee, Angus Hay, said the landing of the largest cable system in Sub-Saharan Africa will cause an eventual drop in international broadband prices and could have a significant economic impact in the long term.
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Telecom stays quiet on hunt for new chief...
Telecom’s board appears to be taking its time to name a chief executive to replace outgoing boss Paul Reynolds.
Although commentators believed the company would make an announcement a fortnight ago, nothing has been released to the market.
Those tipped to be in line for Telecom’s top job include Chris Quin, chief executive of the company’s information and communication...
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India: Bharti Airtel signs IT outsourcing contract...
Bharti Airtel, the world’s 5th largest telecom company in terms of subscribers has signed an IT outsourcing deal with Avaya covering the 20 countries where it has mobile facilities and services. This means Avaya becomes Bharti’s second partner after IBM. However, the two companies would not reveal the value of the contract.
The five-year outsourcing deal focuses on Avaya operating...
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Motorola unveils two new tablets in Turkey with...
Mobile phone giant Motorola Mobility has launched Motorola XOOM 2 and Motorola XOOM 2 Media Edition, two new tablets for the customers of Turkey. Both tablets feature 3G and Wi-Fi capabilities and will be offered at competitive packages and available from Turk Telekom, TTNET and Avea, the leading telecom brands in Turkey.
Motorola XOOM 2 and Motorola XOOM 2 Media Edition boast powerful...
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East Timor adds 2 more mobile phone operators
The government of East Timor has launched a public tender to grant two mobile telephony licences following the agreement reached last March with Timor Telecom to end the company’s monopoly on 10 April 2012, the international press reports.
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Primus Telecom bought by M2 Telecommunications for...
AUSTRALIA’S fifth-largest telco will be created and ready for a slice of the NBN pie when M2 Telecommunications completes a $192.4 million all-cash takeover of Primus Telecom, M2’s chief executive says.
Chief executive Geoff Horth says it will be business as usual for all customers after the union of Australia’s seventh and eighth-largest telcos.
Read more on the takeover
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Europe to examine UK mobile payments joint venture...
European Union antitrust regulators said on Friday they will examine whether a joint venture between the three largest British telecoms companies on mobile payment technologies and advertising falls foul of competition rules.
In March, Vodafone, Telefonica-owned O2 and Everything Everywhere, which is owned by Deutsche Telekom and France Telecom, submitted their plans to the European Commission...
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France Telecom Takes $2 Billion Egyptian Deal to...
France Telecom SA (FTE) will seek approval from Egyptian regulators to buy out the remaining publicly traded shares in its local wireless venture with billionaire Naguib Sawiris in a 1.5-billion-euro ($2 billion) transaction.
France’s biggest phone company agreed on the final terms of the deal with Egyptian partner Orascom Telecom Media & Technology Holding SAE (OTMT), including a 202.5...
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Qtel to offer new Cisco router for intelligent...
Telecom Lead Middle East: Qtel has become the first telecom operator in the world to offer new Cisco router for intelligent home broadband networking.
“One of the benefits of the new Cisco router is that as our customers upgrade their home broadband experience, their Wi-Fi router’s capabilities will grow with them, and they’ll find themselves able to access more and more content...
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Telecom Italia mulls network spinoff to raise...
Total Telecom: Cash generated would be invested in next generation network.
Telecom Italia SpA is mulling a spinoff of its access network, the former monopoly’s main asset, Il Sole 24 ore reports Wednesday, citing a private document circulated by the company’s management.
The business daily reports that the document outlines three possible ways to raise at least EUR4 billion by...
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Saudi Telecom plans foreign deals to boost...
Saudi Telecom Company (STC) says a target to boost foreign operations to half of its total business is still realistic, despite the operator’s failed bid to enter the Syrian market.
The company last year reported revenue of 56 billion Saudi riyals (Dh54.8bn), with about 32 per cent of that coming from outside Saudi Arabia.
It had aimed to expand the overseas contribution to 50 per cent by...
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France Telecom Sticks to Dividend, Opposes Workers...
France Telecom SA (FTE) Chief Executive Officer Stephane Richard is opposing a proposal by workers to cut the 2011 dividend, saying that shareholders deserve an unchanged payout of 1.40 euros ($1.83) a share.
“I see no logical reason, whether economic or political, why we should deprive our shareholders of this return,” Richard said in an interview in Paris. “Our results in 2011 have given us the...
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France Telecom, Glencore, Roche: European Equity...
The following companies’ shares may have unusual moves in European (SXXP) trading. Stock symbols are in parentheses and prices are from the most recent close.
The Stoxx Europe 600 Index gained 0.1 percent to 259.07 on April 5. The Stoxx 50 Index (SX5P) decreased less than 0.1 percent to 2,427.31. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, declined 0.3...
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Orange Jordan invests $114 million to launch 3G,...
Recently, Orange Jordan signed an agreement with Ericsson for an overhaul and expansion of their 3G Network. The modernization of the broadband network and introduction of 3G services to help improve penetration rates in the country cost $114 million in investments. This move was necessary to meet the increasing demand of their growing subscriber rates. Orange Jordan’s partnership with the...
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Telecom Italia Posts 2011 Loss Of 4.73 Bln Euros...
(RTTNews) - Italian telecom company Telecom Italia Group (TI: News ,TIAOF.PK: News ) on Thursday reported a loss for fiscal 2011, reflecting a goodwill writedown of 7.3 billion euros, or $9.75 billion, at its struggling domestic operations.
The company attributed the writedown to the deterioration of the macro economic outlook and the condition of the financial markets. Franco Bernabè, Telecom...
