(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 20 June 2012 Release date- 19062012 - RIYADH, Kingdom of Saudi Arabia - All day, every day - that's how much you use your smartphone.
With its impossibly thin and lightweight design, Motorola RAZR MAXX boasts features with the wow factor and a battery that can handle even the most demanding lifestyle. From today, customers across Saudi Arabia will be able to start talking, texting, typing, watching and more for even longer.
RAZR MAXX delivers up to 17.6-1 hours of talk time so you won't spend your day plugged into the wall. However its 1GB RAM combined with a dual-core 1.2GHz processor and Android operating system will ensure you are always entertained, delivering a lightning-fast user interface and the power to multi-task like never before. You can rock your playlists while checking email, breeze through photos - all day, every day, all at the same time.
Still seriously thin at just 8.99mm, RAZR MAXX is the exact opposite of frail. It's made strong with KEVLAR fibre, while Corning Gorilla Glass defends the hyper-vibrant 4.3-inch Super AMOLED Advanced display from scratches and scrapes. And every part of the Motorola RAZR MAXX is protected by a splashguard coating, which even extends to the electrical boards inside, ensuring a go anywhere, do everything attitude.
Smart Actions, the remarkably intelligent application exclusive to Motorola Mobility, pushes the limits even further by automating everyday tasks based on triggers like time of day, location, battery levels and more. Never forget to put your phone on silent in meetings, turn up the volume when your boss calls and even maximize your last ounce of power by dimming the display and turning off power hungry services.
Motorola RAZR MAXX also comes preloaded with the Motorola MotoCast app-2, giving you the power to stream or download content from a home or work computer straight to the device so your docs, pics and music are always available - anytime, anywhere. No uploading to a third party means no wasted time or forgetting to upload that crucial presentation, and everything stays protected, right on your computer.
'RAZR MAXX isn't changing the rules - it's creating a whole new game. Building on the RAZR heritage it combines the pinnacle of design with mind-blowing power and an incredible battery life that is perfect for people who want to push their smartphone to the limits,' said Raed Hafez, managing director for Motorola Mobility, Middle East & Africa. 'Whether you want to watch hours of movies, or don't want to worry about charging between meetings, this latest smartphone from Motorola redefines boundaries and banishes the low battery beep to history.' Motorola smartphones offer some of the industry's most powerful enterprise features available, and Motorola RAZR MAXX is no exception, including government-grade encryption and productivity tools that rival the capabilities of desktop PCs. Collaborate in real time with GoToMeeting and create and edit files right on your phone with QuickOffice.
Availability Motorola RAZR MAXX is available from selected major retailers from SAR 2099. More information available on www.motorola.com/razrmaxx About Motorola Mobility Motorola Mobility, owned by Google, fuses innovative technology with human insights to create experiences that simplify, connect and enrich people's lives. Our portfolio includes converged mobile devices such as smartphones and tablets; wireless accessories; end-to-end video and data delivery; and management solutions, including set-tops and data-access devices. For more information, visit motorola.com/mobility.
About Motorola Mobility Motorola Mobility, owned by Google, fuses innovative technology with human insights to create experiences that simplify, connect and enrich people's lives. Our portfolio includes converged mobile devices such as smartphones and tablets; wireless accessories; end-to-end video and data delivery; and management solutions, including set-tops and data-access devices. For more information, visit motorola.com/mobility.
Certain features, services and applications are network dependent and may not be available in all areas; additional terms, conditions and/or charges may apply. Contact your service provider for details. All features, functionality and other product specifications are subject to change without notice or obligation 1 Comparison based on manufacturers published talk times as of 29/02/12 for 3G smartphones with voice carried over a 3G network. RAZR MAXX talk time is up to 17.6hrs. Battery performance depends on network configuration, signal strength, operating temperature, features selected, and voice, data and other application usage patterns.
2 MOTOCAST supports many popular file formats and codecs. Additional software is necessary to enable use of unsupported files on your mobile phone. DRM-protected content is not supported. Respect the rights of copyright owners by only using MOTOCAST to stream and sync authorized content.
MOTOROLA and the Stylized M Logo are trademarks or registered trademarks of Motorola Trademark Holdings, LLC. Android is a trademark of Google, Inc. Corning and Gorilla are registered trademarks of Corning Incorporated. KEVLAR is a registered trademark of DuPont used under license by Motorola Mobility, Inc. All other product or service names are the property of their respective owners. 2012 Motorola Mobility, Inc. All rights reserved.
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CAT to redo 3G contracts - Bangkok Post
Telecom regulators have ordered state-owned CAT Telecom to amend its third-generation (3G) network contracts with True Corporation within 30 days.
The National Broadcasting and Telecommunications Commission (NBTC) yesterday said the existing contracts between CAT Telecom and True violate Section 46 of the Frequency Allocation Act of 2010, which requires licence holders and spectrum owners including CAT, to manage the spectrum rights on their own.
If CAT is unable to comply and amend its contracts, it could ultimately face the revocation of its 3G licence from the NBTC, which in turn would have massive implications for True's mobile unit, True Move and its customers.
But CAT chief executive Kittisak Sriprasert said his company has been in talks with True over the past three weeks on a deal that would potentially eliminate the issues raised by the NBTC regarding the contracts.
He said CAT is considering a buyback of BFKT (Thailand) from True, which if successful would completely eliminate any need to change the current 3G contracts. A resolution is expected next month.
The NBTC is reviewing the role of BFKT (Thailand), a unit of True subsidiary Real Future. Regulators question whether BFKT (Thailand), which under the CAT-True agreement is the party responsible for procuring telecom towers and signal systems for the 3G network, is acting as a part of CAT's operations and whether all related rules are being properly followed.
Settapong Malisuwan, chairman of the NBTC telecom committee, said the NBTC will take 30 days to verify BFKT's role.
An NBTC panel earlier ruled that BFKT could be in violation of the Telecom Business Act of 2001 by offering services without a proper licence.
True Move has been busy promoting its high-speed TrueMove H service, which uses a 3G network under licence from CAT. At the end of March, True reported 1.12 million subscribers for its TrueMove H service.
CAT and True subsidiaries Real Move and Real Future signed an agreement in January 2011 giving True a 14-year contract under a "wholesale and reseller partnership" with the state enterprise.
Under the deal, True took over the mobile phone business formerly run by Hutch. Real Move gained the right to sell CAT's 3G service nationwide for 14.5 years, while Real Future was contracted to install 3G equipment on CAT's two nationwide cellular networks.
But the NBTC found that under the arrangement, CAT, as the 3G licence holder, was effectively ceding control of its 850-megahertz frequency to True in violation of the law.
Col Settapong said CAT must stipulate that CAT use the 850-MHz band for its own equipment and devices as well as have full management control of the network operations centre. Mobile data usage and call detail records must be owned by CAT, and the contracts must be rewritten to stipulate that the state enterprise has full authority to manage the spectrum.
The contracts also must clearly state CAT is the sole authority to decide issues such as frequency planning, network rollouts and network operations. Finally, the NBTC said CAT must have the authority to negotiate with other operators over inbound domestic roaming and interconnection charges.
Col Settapong said the amendments are unlikely to affect 3G users under the TrueMove H service.
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Motorola Xoom 2 says buongiorno to Alitalia's cockpits and cabins (video) - engadget
Motorola Mobility Takes Motorola XOOM™ 2 to the Skies with Alitalia
ROME – June 19, 2012 – Today marks a unique opportunity between Motorola Mobility and the Italian airline Alitalia, which will revolutionize aircraft service and in-flight entertainment. Alitalia and Motorola Mobility have always been at the forefront in offering innovative technology solutions: Alitalia to flight assistants and customers and likewise Motorola Mobility to consumers. Today they anticipate that airlines will need more sophisticated technologies, focused on enhancing customer satisfaction.
Alitalia will be among the first airlines in the world to provide their crew with a tablet, Motorola XOOM™ 2, which will contain all relevant information on high value customers. This includes not only the profile of each passenger, but also their preferences in terms of the on-board menu, seating, travel history, as well as any inconveniences they experienced in the past. This will enable the staff to identify all the high value customers and to customise the service according to their needs.
Thanks to the wide range of programs and tools configured on each device and the ability to connect to the web, Alitalia staff will be able to receive updated information in real-time and perform all operations on board without having to print and carry, achieving great improvements in terms of time, efficiency and speed of updates. The flight attendants will also use the Motorola XOOM 2 to access the aircraft's internal manuals from the palm of their hands.
Motorola XOOM™ 2 tablets will also be introduced as Alitalia's in-flight entertainment services (IFE) for Business and Magnifica Class passengers on mid as well as long-distance flights to Moscow, Saint Petersburg, Tel Aviv, Beyruth, Riyadh and Teheran that are currently without an IFE service. Thanks to the tablets and the preloaded content, passengers will enjoy free access to a wide range of movies, music, online magazines and video games - all from Motorola XOOM 2's gorgeous 10.1-inch widescreen HD display.
But there is no need to be on the plane to take advantage of the Motorola XOOM 2. The Motorola XOOM 2 tablets will also be placed in 10 Alitalia lounges (Freccia Alata) so travelers can keep up to date on the latest news before embarking on their flights. A demo area within the Alitalia flagship store in Rome will provide useful suggestions to passengers on how to use the best technology of Motorola XOOM 2.
"Today we have made another further step ahead in our Customer Relationship Management (CRM) strategy" says Marco Sansavini, director of sales, Distribution and Customer Care in Alitalia. "It is a priority project for the new Alitalia, which involves the training of 9,000 people. Alitalia wants to make the onboard flight an extraordinary experience and the tablets will enable the crew to always stay online and in touch with the needs and preferences of its passengers. Alitalia will be one of the first airlines in the world that will use this innovative way to manage its clients. The tablet will also be used as a source of entertainment for passengers of six medium and long distance destinations and for the guests of our lounge rooms "Freccia Alata".
"With its cutting edge technology and host of entertainment features, Motorola XOOM 2 is the perfect travel companion for Alitalia passengers," said Maurizio Angelone, vice president and general manager, Mobile Devices, EMEA, Motorola Mobility. "Tablets have increasingly become a must-have device for staying connected, whether at home or on the go, and we anticipate the transportation industry will make tablets an integral part of their consumer offering in the years to come."
Burger King shares rise on first day back to NYSE - AP - msnbc.com
NEW YORK — The New York Stock Exchange is once again the home of the Whopper.
Burger King Worldwide Inc. began trading as a public company Wednesday under the ticker symbol "BKW." Its shares closed up 3.5 percent at $15.01.
The world's No. 2 hamburger chain had last traded as a public company between 2006 and 2010 before it was purchased and taken private by investment firm 3G Capital.
Burger King's return to the Big Board wasn't through an initial public offering, however. 3G Capital announced an unusual deal in April to sell a minority stake to Justice Holdings Ltd., a London-based entity that was specifically set up to invest in another company. 3G Capital received $1.4 billion in exchange and retains a 71 percent stake in the company.
That stake was worth about $3.6 billion based on Burger King's opening share price, meaning that, on paper, 3G Capital has more than earned back the $3.26 billion it paid for Burger King in 2010.
Under the complex deal, Justice suspended trading on the London Stock Exchange once the transaction was complete and emerged as Burger King Worldwide on the New York Stock Exchange.
Only 16 percent of shares were available for sale to investors. The founders of Justice Holdings will hold onto their 13 percent of shares for at least one year as part of the deal. 3G Capital will hold onto its stake for at least six months.
Among Justice's founders are William Ackman, an activist investor and founder of Pershing Square Capital Management; Martin Franklin, founder and executive chairman of consumer products company Jarden Corp.; Alan Parker, former CEO of Whitbread PLC, the United Kingdom's largest hotel and restaurant company; and investor Nicolas Berggruen.
Franklin and Parker will join Burger King's board as part of the deal. 3G Capital has said that no other changes will be made to the senior leadership and that the company will continue its focus on turning around the brand.
As the fast-food market becomes increasingly crowded at home, Burger King like other companies has focused on expansion overseas. The Miami-based company recently announced plans to open hundreds of new restaurants in Russia and 1,000 in China over the next several years. That's in addition to similar expansion plans for Brazil.
In the past year, 80 percent of new store openings were in Europe, the Middle East and Africa.
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Back in the U.S., Burger King — long known for its "Home of the Whopper" tagline — has been working to refresh its outdated image and win back lost market share. The company launched its biggest menu expansion ever in April, with items including fruit smoothies, specialty salads and coffee frappes. The chain is abandoning its strategy of courting young men and going after a broader customer base of moms and families.
The strategies at home and abroad will remain in place now that Burger King is a public company, says Daniel Schwartz, the company's chief financial officer and a partner with 3G.
"We have a situation where the value of the brand is so much bigger than the value of the business," he said. For example, he noted there is a long list of countries with dense populations where the chain has a limited presence despite its global recognition.
Burger King has more than 12,500 restaurants worldwide, compared with 33,000 for McDonald's Corp.
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Follow Candice Choi at www.twitter.com/candicechoi
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Motorola Droid Razr Maxx Receives Android Update (Beta Version) - Int'l Business Times
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Australian users who are using Motorola Droid Razr and Droid Razr Maxx would need to wait a little longer in order for the update to officially roll out in the U.S. before receiving their own Android updates in Australia. Australian users should also wait for an official announcement from their mobile carriers regarding the specific schedule for their Android ICS update.
Though this update for Motorola smartphones are expected to push through all around the world, the specific date and availability would still be dependent on their respective mobile carriers.
The Droid Razr and Droid Razr Maxx are considered as the top smartphones from Motorola. The Droid Razr has a display size of 4.3-inch Super AMOLED screen which has dimensions of 130.7 x 68.9 x 7.1 mm and weighs around 127 grams. It has a Dual-Core 1.2GHz processor with 16GB internal memory storage which can be upgraded through removable memory option of up to 32GB. As for the Droid Razr Maxx, it has a display size of 4.3-inch Super AMOLED which has dimensions of 130.7 x 68.9 x 8.99 mm and weighs around 145 grams. It also has a Dual-Core 1.2GHz with 16 GB internal; 16 GB microSD card pre-installed as well as removable storage option of up to 32GB (microSD).
Both the Motorola Droid Razr and Droid Razr Maxx are already available in the Australian market.
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Saudi Telecom: suspension lifted but mystery remains - Financial Times
Some investors in the Saudi stock market breathed sigh of relief on Wednesday after the Capital Markets Authority lifted a suspension of trading on Saudi Integrated Telecom Company, known in Arabic as AlMutakamela.
The telecoms operator has been at the center of Riyadh market gossip for the past few months as bankers tried to piece together exactly why trading in its shares was halted on April 1, less than a year after its initial public offering.
Those who bought the shares in good faith were not able to sell for the entire suspension period. On Wednesday, they finally got some action. Turnover in AlMutakamela shares was the biggest on the market at 565m riyals ($150m), according to the bourse website.
A statement from the CMA on Tuesday gave some clues as to what went down at AlMutakamela:
The company submitted an examination report prepared by its external auditor which confirms the collection of the balance due from related parties amounted to approximately 261,87 million Saudi Riyals and the collection of founding shareholders’ share of 650 million Saudi Riyals. Moreover the company provided a letter from the bank confirms the deposit of approximately 911.87 million Saudi Riyals in the company’s bank account. The company has therefore rectified the qualifications of its external auditor on the company’s financial statement for the year ended 31/12/2011G, which related to that the founding shareholders, had not paid their share in the company’s capital and the withdrawal of funds for the benefit of the company’s founding shareholders. Since the reasons for suspending the trading of the company’s shares by CMA no longer exist, the CMA Board has issued a resolution to lift the suspension on the trading of the company’s shares starting from Wednesday, 20-6-2012.
While the statement sticks to typically impenetrable jargon, it alludes to one important thing: the company sold shares to the public without the founding shareholders having contributed to its capital.
Riyadh’s bankers are rightly asking how this was allowed to happen. Criticism has fallen on the capital markets authority, the ministry of trade and industry, the financial advisers, the telecoms licensing authority, the creditors. You name it – everyone, it seems, has found a different entity to blame.
Exactly what went wrong at AlMutakamela will probably remain hard to decipher. Investors have been left in the dark, unsure of what happened or of how to interpret its explanation. The suspension of AlMutakamela’s shares should be unsettling for foreign institutional investors preparing to enter the market.
The CMA published this statement on April 1:
The auditor’s report included some reservations where the company asked to liquidate the two guarantees proposed to the Communication and Information Technology Commission in cash and in kind to what the company would own from the license and frequency band to provide fixed communication services in the Kingdom of Saudi Arabia. The company would pay the license fee and the financial outcome that would be written in the books as a company asset offset by the payment of the founding shareholders’ share of 650 million Saudi Riyals in the company’s capital. The remaining balance of 364.638.952 Saudi Riyals from the two guarantees should be written as funding from the founding shareholders.
The auditor’s report included some reservations where the company asked to liquidate the two guarantees proposed to the Communication and Information Technology Commission in cash and in kind to what the company would own from the license and frequency band to provide fixed communication services in the Kingdom of Saudi Arabia. The company would pay the license fee and the financial outcome that would be written in the books as a company asset offset by the payment of the founding shareholders’ share of 650 million Saudi Riyals in the company’s capital. The remaining balance of 364.638.952 Saudi Riyals from the two guarantees should be written as funding from the founding shareholders.
Although it is just a small company, AlMutakamela and its saga have drawn the wrong kind of attention to the Arab world’s largest stock market. In what remains one of the most tightly regulated markets in the region, questions still remain over how much the regulators are willing to tell.
Related reading:
Saudi banks benefit from buoyant bourse, FT
Saudis set to open up access to bourse, FT
Saudi Tadawul poised to exercise more global appeal, FT
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