VimpelCom Ltd. and CK Hutchison Holdings Ltd. are both seeking to win regulatory approval of a planned merger of their Italian wireless carriers. The two companies received preliminary bids for some of their assets from Swisscom AG, Iliad SA and Digicel Group Ltd., according to recent reports. The redundant wireless frequencies and about 5,000 towers would allow the winning bidder to create a new mobile-phone carrier in Italy, and potentially ease regulatory concerns about consumer choice and prices. The preliminary…
Vodafone New Zealand will reportedly take a controlling interest in Sky television under a NZ$3.44 billion (US$2.44billion) deal, the pay-TV operator said Thursday. Sky said the deal, which will combine New Zealand's largest subscription television service with the country's second biggest telecommunications carrier, was a "transformational strategic step" for the company. "This is a significant and positive step in Sky's evolution as a premium entertainment company," chief executive John Fellet said in a statement. "The combined group will offer exciting…
A new research report produced by Google and Temasek is forecasting Southeast Asia’s internet economy to grow to about $US200 billion by 2025, from $US31 billion last year, spearheaded by the e-commerce, leisure travel, and online gaming and digital advertisements sectors. It says that, to realize these opportunities, the region needs an injection of up to $US50 billion worth of investments over the next 10 years. Currently, SEA’s e-commerce market contributes only about four percent of total retail sales, a…
According to Deloitte, China hosts the largest number of fast-growing companies in Asia-Pacific. The number of smartphone-based mobile Internet users in the vast state of China reportedly reached 780 million in 2015, representing 57 percent of the entire population. Even though massive social media website Facebook, along with other websites, is banned in China, social networking and e-commerce websites were among the most frequently visited by Chinese people. The popular Renren social network (formerly Xiaonei) has many features similar to…
A trending report by the Telegraph says that Google could face a massive fine by the European Commission for web-search monopoly abuse. The fine could be issued within weeks as officials in Brussels finish a seven-year investigation into Google’s dominance as a search engine, not allowing smaller competitors a chance to compete. Reports suggest that the fine facing Google could amount to €3 billion, surpassing Google’s highest anti-trust fine so far which totalled at €1.1 billion, levied on the microchip…
Global Telecom Holding, the international telecommunications company operating GSM networks in the Middle East, Africa, Canada, and Asia, expects to get 4G licenses in Algeria before the end of Q2 2016. According to the company’s investment report on the business results of Q1, 4G is expected to be commercialized in Algeria by Q3. 4G tender in Algeria was launched in April. Global Telecom Holding recently released its net profits announcing $87.5 million during Q1 of 2016 compared to a net…
The European Commission has officially blocked Telefonica's blockbuster sale of British telecom giant O2 to Hong Kong group Hutchison on fears it would inflict higher prices on British consumers. Hutchison is controlled by one of the richest men in Asia, Li Ka-shing, and his buyout of O2 from Spain's Telefonica for £10.25 billion (14 billion euros; $15.2 billion) would have created Britain's biggest mobile phone company. "Today the commission has decided to block Hutchison's plan to takeover O2 in the…
Nokia suffered a net loss of 513 million euros ($583 million) in the first quarter, the Finnish telecom equipment giant said Tuesday, May 10, in its first earnings announcement after acquiring its French-American rival Alcatel-Lucent. The group's sales fell by eight percent in its main network equipment business, but Nokia highlighted in a statement that its operating margin increased by 1.7 points to 6.2 percent. In comparable figures, the company's global revenue fell by 9 percent to 5.60 billion euros…
Aqua Comms Limited ("Aqua Comms"), a provider of subsea capacity-based network has entered into an agreement with global private equity firm Cartesian Capital Group ("Cartesian"), for up to $75 million in equity capital to support global growth initiatives. The financing agreement immediately provides $50 million that Aqua Comms will use to further accelerate customer growth on its existing networks. In addition, Cartesian has committed to fund an additional $25 million of equity capital to be used to opportunistically accelerate expansion…
A report by ABI Research who help to make transformative technology decisions, predicts that 5G will generate massive revenue once it is up-and-running in 2025, expected to produce $247 billion revenue. According to the report, majority of the revenue will be fueled by users in North America, Western Europe and Asia Pacific. “5G will be a fast-growing cellular technology, most probably faster than preceding generations including 4G,” says Joe Hoffman, managing director and vice president at ABI Research. “The technology…
Deutsche Telekom posted a surge in first-quarter profits on the back of a divestment, while revenues also showed growth over the three months boosted by its US subsidiary. The German giant said net profit reached 3.1 billion euros (3.6 billion) for the three months ending March, four times more than a year ago, boosted by the sale to British Telecom of its stake in joint venture EE. Revenues also rose 5.0 percent to 17.6 billion euros, while underlying profit soared…
Like many other leading companies, Twitter recently released its first quarter financial earnings. Unfortunately, the results weren’t great. Although the social media giant has a good 130 million active users, the company reported revenues of $595 million, with Q1 GAAP diluted earnings per share of $0.12 and non-GAAP diluted earnings per share of $0.15. This is a big miss in terms of revenues, however slightly positive in terms of earnings per share. After the results were released, Twitter’s stock was…
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