Hopes were dashed for Windows Phone aficionados when it was reported in April that current handsets like the Nokia Lumia 900 may not receive an upgrade to Apollo (aka Windows Phone 8). the::unwired has now confirmed via a statement posted by a T-Mobile Germany representative that the handset definitely won’t be receiving the update. The latest information comes after T-Mobile customers pinged the operator asking when the handset was due to be released on the network.
The unlocked version of the Lumia 900 was released in Germany last week but was absent on T-Mobile. After customers queried the carrier, an employee responded by saying that the company won’t be offering the handset because it won’t receive an update to Apollo. T-Mobile believes that customers would be frustrated if a newly purchased handset would be left out on a future update.
The representative also confirmed that Apollo is due to be released in the fourth quarter of this year. A forum post wouldn’t normally be taken as concrete confirmation, but the::unwired believes that due to the strict nature of the German telecom industry, such information wouldn’t be posted unless it was thoroughly checked, confirmed, and authorized.
This latest piece of information comes after Microsoft developer Nuno Silva claimed that all current Windows Phone handsets would receive an update to Apollo later in the year. An anonymous Microsoft insider quickly denied the information, saying that phones would not be receiving the upgrade to “the next major version” of the OS.
UPDATE: the::unwired has been contacted by T-Mobile Germany with a response to the matter, saying that the forum post “isn’t an official statement from Deutsche Telekom” and that the company has “no information where the statement above came from.”
T-Mobile’s Cell-Tower Sale Is Said to Attract Bidders - Bloomberg
T-Mobile USA Inc. received a second round of bids for its cellular towers, attracting offers from companies such as American Tower Corp. (AMT) and Crown Castle International Corp. (CCI), a person with knowledge of the deal said.
The unit of Deutsche Telekom AG (DTE), which owns about 7,000 antenna towers in the U.S., has also received bids from private- equity firms, said the person, who asked not to be named because the discussions aren’t public. Selling the assets could raise about $2 billion, according to Kevin Smithen, an analyst with Macquarie Capital in New York.
Deutsche Telekom set out to sell T-Mobile USA’s towers after a failed takeover of the carrier by AT&T Inc. last year. The deal would help the company raise money for wireless spectrum and network enhancements, while allowing T-Mobile to rent back antenna space on the towers. The new owner could then use the assets to provide service to other carriers as well.
“I expect they will announce a winner in July and probably close the deal by September,” Smithen said.
Deutsche Telekom appointed the New York boutique bank TAP Advisors LLC to search for a tower buyer and raise cash, Bloomberg reported in March.
Cara Walker, a T-Mobile spokeswoman, and Philipp Kornstaedt, a Deutsche Telekom spokesman, declined to comment. American Tower and Crown Castle, two of the largest U.S. cellular-tower operators, didn’t respond to requests for comment.
AT&T Deal
AT&T (T)’s $39 billion bid for T-Mobile collapsed in December because of regulatory opposition. Even as it aims to offload the towers, T-Mobile’s German parent is stepping up investments in the division. Deutsche Telekom plans to boost U.S. network spending by $1.4 billion over two years in a race to upgrade equipment and bring faster connections to smartphones.
T-Mobile, based in Bellevue, Washington, is the only large U.S. carrier that doesn’t offer Apple Inc. (AAPL)’s iPhone. That’s put it at a disadvantage to its three larger rivals, Verizon Wireless, AT&T and Sprint Nextel Corp. (S)
T-Mobile lost 1.65 million contract customers last year, a slump that’s prompting it to make cutbacks. The company said last month that it plans to trim 900 jobs. It’s also eliminating 1,900 jobs by closing seven call centers.
Even so, T-Mobile benefited from a breakup agreement with AT&T following the merger’s collapse. The company received $3 billion in cash; wireless frequencies in cities such as Los Angeles, Dallas, Houston, Washington and San Francisco; and lower fees for calls into AT&T’s network.
To contact the reporters on this story: Scott Moritz in New York at smoritz6@bloomberg.net; Serena Saitto in New York at ssaitto@bloomberg.net; Cornelius Rahn in Frankfurt at crahn2@bloomberg.net
To contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.net
Last in line, BT blocks The Pirate Bay; bypassed in minutes - ZDNet
British Telecom became the final broadband provider in the U.K. to block customer access to the The Pirate Bay following a court order forcing the move in April.
From around 12 midday BST on Tuesday, more than six million BT customers were faced with a “site blocked” message when trying to access the Magnet-link sharing site.
Some users were surprised to find that Web addresses and IP addresses that still worked for other broadband providers still threw up a blocked message.
It later transpired that BT had actively gone above and beyond in blocking access to the site from what the court order dictated. BT also cut off access to number of proxy websites used to bypass the block, but many new proxies are being added each day.
But it took literally minutes for customers to circumvent the block, partially thanks to a server IP address change by the site’s operators.
In April, five of the largest U.K. broadband providers — Virgin Media, Everything Everywhere, Sky, O2 and Be, and TalkTalk — were told to impose server-level blocks to prevent their collective 13 million customers access to The Pirate Bay.
BT was left out of the initial court order to grant the telcoms giant extra time to “consider its position.” Rumours suggested the telecommunications giant could enter into a deal with the British Phonographic Industry, the British record industry’s trade association, which brought the case to the High Court in London in the first place.
The total figure of blocked users represents roughly one-third of the U.K.’s population, and almost the entire U.K.’s broadband-using customer base.
According to TorrentFreak, an “immediate response” by the Swedish-based site was to enable two new IP addresses — .82 and .83 — within minutes of the BT block coming into effect.
A site insider said they can “continue adding new addresses for years.” Without another judicial intervention, there’s little that can be done about it.
And so the cat-and-mouse game continues.
Proxy websites are in high demand following the court order. The U.K.’s Pirate Party operates the most popular proxy, which allows users to access The Pirate Bay through a different server, and is now among the top 600 most visited websites in the United Kingdom.
The Pirate Bay switched to a Swedish .se top-level domain earlier this year, with the site’s founders claiming the Web address would no longer be susceptible to U.S. laws, unlike the .org top-level domain.
.SE senior legal counsel Elisabeth Ekstrand said in a company blog post that the domain name registrar has “not taken any actions following the ruling against TPB since we do not consider ourselves obligated to do so,” but warned it has always had “the right to take action based on a ruling against us pertaining to a specific domain name.” ZDNet’s Liam Tung has more.
BT declined to comment when approached by ZDNet.
Image credit: Luke Williams/Twitter; used with permission.
Related:
- CNET: ‘Censorship creep’: Pirate Bay block will affect one-third of U.K.
- U.K. to announce website blocking proposals “imminently”
- ZDNet: Don’t look to us to block the Pirate Bay, says its .se domain firm
- Goodbye, Pirate Bay: O2 forced to block access
- UK’s anti-piracy law delayed: ‘Three-strike’ warnings on hold
- Queen’s speech unveils UK’s Web, email monitoring plan
- ZDNet UK: Pirate Bay condemns Virgin Media hack
- Court bans Dutch party from helping Pirate Bay
- Hackers retaliate as Dutch ISPs told to block Pirate Bay
Vodafone cuts 3G tariffs by up to 80 percent - thinkdigit.com
Vodafone has intensified the price war in the 3G space by slashing its tariffs by up to 80 percent. After the price revision, the second in less than a month, Vodafone's entry-level 3G data plan now start at Rs. 25 for 25MB, and goes up to Rs. 1,599 for 12GB data usages. Usage beyond the stipulated data usage on each plan will be charged at 2 paise/10KB.
Under the Pay-As-You-Go (PAYG) plan, available for prepaid customers, the rate has been slashed to 2 paise per 10 KB from earlier 10paise per 10KB. Vodafone claims that PAYG is now the cheapest 3G tariff plan in the market right now.
Vodafone is also allowing its 3G subscribers to use data from their bundled package while on net-roaming across any location in the country without any extra charge. Apart from the Rs. 25 and Rs. 1,599 data plans, there are also Rs. 45 and Rs. 100 data plans that offer 150MB (for seven days) and 300MB (for 30 days) of 3G data respectively. Also, users have a Rs. 200 plan, which offers 500MB of data for 30 days, while Rs 250 will provide 1GB of data for 30 days.
The operator is also offering 1.5GB of 3G data for Rs. 375, 2GB of data for Rs. 450, 3GB for Rs. 650, 4 GB for Rs. 750, 5 GB for Rs. 850, 8 GB for Rs. 1,250, 10 GB for Rs. 1,500, and 12 GB for Rs. 1,599 respectively. All these plans come with 30 days of validity.
Over the last month, all major telecom operators such Airtel, Idea and Reliance have cut their 3G prices to increase revenues, and popularise 3G services in the country. The price war was triggered after Airtel launched its 4G services in the country and later slashed its 3G tariffs by up to 70 percent.
Experts, however, suggest telcos should raise rates instead of lowering 3G tariffs, as most of them are reeling under hefty debts after buying 3G licence. Moreover, after cancellation of 2G licences allocated in a scam-tainted 2008 auction, telcos need to up their revenues for fresh bids.
It's notable that the expansion of 3G has been slower than expected in the country, especially because of the high tariff rates. According to an estimate, the number of 3G users in the country is around 20 million, which is less than 2 percent of the 900 million-plus GSM user base in the country. However, with the arrival of low-cost 3G smartphones, 3G coverage might increase in the coming years.
For more, read More 3G for less: Which plans make sense for you?
Also read,
- Aircel cuts 3G tariffs, offers 1GB of data at Rs. 198
- Vodafone revises 3G tariffs; offers 1GB data at Rs. 251
- RCom cuts 3G tariffs; data plans now start Rs. 250/1GB
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
Vodafone Launches New Affordable 3G Tariff Plans In India - Techie Buzz
Sanjoy Mukerji, Chief Commercial Officer, Vodafone India, said:
“We, at Vodafone, believe in offering services that add value to the lives of our customers through constant focus on meeting their needs. With the introduction of these plans, we aim at establishing a foundation for providing a 3G data plan for everyone, making it affordable to the masses in the country. Also, users who shy away from trying 3G services due to prohibitive costs can now experience services without the fear of a bill shock. The 2p/10kb PAYG & no additional charges for roaming are the first of its kind in the Indian market. We expect this offer to be well received by the customers as it will act as a strong value proposition for data users.”
Vodafone Turns Top Dividend Payer - Analyst Blog - NASDAQ
British mobile phone giant Vodafone Group Plc ( VOD ) rewarded its shareholders with the largest ever dividend amid the ongoing weakness and uncertainties in Europe. The company has also become the top dividend payer in the FTSE 100.
Vodafone has been distributing exceptional dividends to its shareholders. In February, the company paid a special and interim dividend of £0.0705 per share, including the £0.04 per share dividend of Verizon Wireless, its joint venture with Verizon Communications Inc. ( VZ ).
In addition, Vodafone is expected to pay a final dividend of £0.0647 per share on August 1, to shareholders of record as of June 8. This dividend represents a 7.0% increment year over year, marking the company's target of minimum 7% dividend growth per annum by March 2013.
Cumulatively, total dividend per share in fiscal 2012 increased more than 50% compared with last year despite the loss of dividends from China Mobile Limited ( CHL ) and SFR. Vodafone continues to expect total dividend per share to be at least £0.1018 for fiscal 2013.
As part of the strategy to exit minority holdings,Vodafone realized about £15 billion from the sale of stakes in China Mobile, Softbank Corporation, SFR and Polkomtel over the last two years. The company decided to return part of the proceeds (£6.8 billion) to shareholders in the form of share buybacks. The company expects its share buyback plan to be completed in the near term.
Over the last four years, the company returned almost £26 billion to shareholders, which represents 30% of the market capitalization at the end of fiscal 2012.
The divestiture of minority holdings has also strengthened the company's balance sheet position. Vodafone's net debt reduced to £24.42 billion at the end of fiscal 2012 from £29.86 billion last year. The company generated free cash flow of £6.1 billion, down 13.4% year over year but within the guidance range of £6.0-£6.5 billion.
Free cash flow is expected to remain stable in the range of £5.3 billion to £5.3 billion for fiscal 2013, excluding any dividend received from Verizon Wireless.
We are currently maintaining our long-term Neutral recommendation on Vodafone. For the short term (1-3 months), the stock retains a Zacks #3 (Hold) Rank.
CHINA MOBLE-ADR (CHL): Free Stock Analysis Report
VODAFONE GP PLC (VOD): Free Stock Analysis Report
VERIZON COMM (VZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
KPN fails to find buyer for E-Plus - Reuters UK
AMSTERDAM |
AMSTERDAM (Reuters) - Dutch telecom KPN's (KPN.AS) attempt to sell its German unit E-Plus to Spain's Telefonica (TEF.MC) - a move intended to ward off an unsolicited approach by Carlos Slim - has fallen through, just days before the Mexican tycoon's tender offer closes.
KPN's failure to find a buyer or merger partner for E-Plus, which some analysts had valued at between 8 billion and 10 billion euros, now leaves the Dutch telecoms operator with few other options to keep the Mexican billionaire at bay.
Slim's mobile phone giant America Movil (AMXL.MX) has little left to snap up in Latin America and has turned its sights on Europe in search of undervalued assets.
In recent weeks, it has launched a tender offer to buy up to 28 percent of struggling KPN, a move that could cost as much as $3.25 billion, and has built up a stake of more than 8 percent so far. It has also agreed to buy a 21 percent stake in Telekom Austria (TELA.VI) for about $1.1 billion.
KPN is due to respond on Thursday to America Movil's tender offer, which closes on June 27, but the Dutch telecom has already said the offer price of 8 euros per share undervalues its business.
KPN's shares closed at 7.9 euros, down 0.55 percent, on Wednesday.
The Dutch firm faces tough competition in its home market and has been looking at divesting its German and Belgian businesses.
Slim, the world's richest man, has said little about his intentions for KPN, his first venture into Europe.
But he is unlikely to want to sell E-Plus, the jewel in KPN's crown that accounts for most of KPN's customers, and has the highest core profit margin in the group, at 42 percent.
"ADVERSE CONDITIONS"
However, KPN's efforts to "unlock value" in E-Plus in order to fend off the Mexican group have so far failed, and on Wednesday it said that talks with parties - which it did not name - had broken off.
"The current adverse conditions in financial markets have meant that no agreement could be reached at this point in time, and talks have been terminated," KPN said in a statement.
KPN, which has a stock market capitalization of 11.3 billion euros, added that it believes other parties recognize the "significant value" in the large German market where consolidation is expected.
Spain's Telefonica had been seen as a possible white knight for E-Plus, even though it is strapped for funds and has a heavy debt load.
One possibility would have been to merge E-Plus with Telefonica's O2 Germany, people familiar with the matter had told Reuters, followed by a partial listing of the new company.
But earlier on Wednesday, a source told Reuters that Telefonica had no plans to interfere.
America Movil had no immediate comment.
With just a few days left before the tender offer closes, KPN could still use a tactic that's common in the Dutch corporate world, unleashing a risky "poison pill" defense to derail America Movil's approach.
But such a move - handing preference stock to KPN's "Stichting" or foundation that could outvote other shareholders - is fraught with uncertainty and could backfire through legal challenges by America Movil or KPN's own shareholders.
Robin Bienenstock, analyst at Bernstein Research, said KPN's statement read like an appeal to the foundation to take action.
"The reality is that Mr Slim's bid is opportunistic and finds KPN in a moment in which defense by a sale of assets to Telefonica is nigh on impossible. We think that there is a common sense argument for the foundation to give KPN's management a stay of execution, and enact their shares temporarily. But it will at this point be up to their lawyers and KPN to persuade or dissuade them of it."
She added, "We think that Telefonica could afford this deal were it to sell certain assets, and they are motivated to do so. But with so much focus on Spain, and its creaking banking system it is hard to see how they could possibly justify a deal today. In addition, an extension of time by any action of the foundation would have to give Telefonica enough time that they could sell some of those assets in an orderly fashion and (with luck) find a happier Spanish window onto the debt markets."
(Reporting by Sara Webb; Editing by M.D. Golan)
Telecom Italia gains on spin-off talk - Financial Times
Last updated: June 20, 2012 9:43 pm
Wataniya Telecom partners with KidZania Kuwait as sponsor of the telecommunications centre within the city - AME Info
Much more than a children's museum or family entertainment center, KidZania takes interactive entertainment and learning to an entirely new level by combining role playing with real life.
KidZania creates a kid-centric city experience designed to educate and inspire 4- to 14-year olds - from arriving at the airport, to visiting a city center to exploring the city streets. We replicate the real world in a safe and self-contained over 7,000 square meter kid-sized city. As in the real world, children choose activities - such as being a police officer, doctor, journalist or a shopkeeper - and earn money which they can then spend or save. KidZania operates just like a real city complete with buildings, paved streets, vehicles, a functioning economy and recognizable destinations in the form of "establishments" sponsored and branded by leading multi-national and local brands. The facilities are designed to educate through experience, fostering the development of life skills, but from a kid perspective - it's all about fun.
KidZania, Inc., headquartered in Mexico, is privately held. This award-winning concept is recognized globally for its unique blend of entertainment and education for children. The first KidZania opened in Mexico City in 1999. There are eightother locations including, Monterrey, Mexico; Tokyo, Jakarta,Koshien, Lisbon, Dubai, Seoul and Kuala Lumpur. To date, more than 20 million kids and parents have visited the facilities globally. The trajectory continues with 13 facilities in development, including a new facility in Mexico City where kids can drive from point-to-point.
KidZania Kuwait is a (7,000 square meter) facility, located inthe Phase 3 extension of The Avenues.
No comments:
Post a Comment