Argentinean govt cancels Fibertel’s ISP licence

Argentinean govt cancels Fibertel’s ISP licence
(Telecompaper) Argentina’s federal planning minister Julio De Vido announced the expiry of the licence granted to internet service provider Fibertel in 2003. Fibertel was merged into Cablevision, effective April 2003. As a result of that merger, Cablevision became the universal successor of all assets, rights and obligations of Fibertel, including the licence for provision of internet services, Grupo Clarin, owner of Cablevision, earlier said. Cablevision’s over one million broadband subscribers will have one month to change their internet provider and switch to another operator, reports Argentine national news agency Telam. “Fibertel and Cablevision ignored the current regulation framework for the telecommunications sector”, stated De Vido during a press conference and added that the expiry of the licence was documented in Resolution 100 of the Communications Secretariat and was signed by its Secretary of Communications Carlos Lisandro Salas. “What we have done today is report an illegal attitude on the part of Cablevision. […] What we are doing is not granting authorization to Cablevision to provide a service from a company which was dissolved in the context of a merger that the National State did not approve”, De Vido added. According to the minister, Cablevision does not have a license to provide broadband internet services, however, it continued exercising Fibertel’s “legal powers”. Fibertel did possess a licence to provide telecommunication services although on 15 January 2010, both companies had signed the dissolution of Fibertel before the General Justice Inspection. The dissolution was the result of the “company reorganization” within the private group which did not receive the corresponding authorization from the regulation authorities. That is why “it is clear they have not abided by the regulation. It can no longer do this and it is therefore unauthorized to provide the services”, said the Argentinean minister. Clarin plans to appeal the government’s ruling. “This measure is so arbitrary and illegitimate we’ll appeal – it violates the rights of the company and our clients,” a source at Grupo Clarin told The Financial Times.[Lees verder]

Telecom New Zealand’s FY profits slump 21%
(Telecompaper) Telecom New Zealand saw its profit slump 21 percent in the year ended 30 June. EBITDA slipped 0.2 percent, in line with guidance, to NZD 1.76 billion. Revenues fell 6.3 percent to NZD 5.27 billion from NZD 5.63 billion, reflecting continued competitive and price pressure in the legacy fixed line businesses. Mobile revenues were NZD 826 million, up marginally by 0.5 percent, while data revenues slipped by 1.5 percent to NZD 642 million. Local services revenues fell 2.6 percent to NZD 1.02 billion, calling revenues fell by 19 percent to NZD 1 billion, and broadband and internet revenues dropped 1.4 percent to NZD 574 million. IT services revenues were NZD 480 million, down 1.2 percent, resale revenues fell 17.7 percent to NZD 274 million. Chorus, Gen-i and AAPT each delivered EBITDA growth for the year, and the turnaround in the Retail business is on track for FY11, the company said. Telecom posted a net profit of NZD 382 million, down 20.9 percent from NZD 483 million a year earlier. Telecom ended the year with 712,000 customers on its new XT network, up by 117,000 since 31 March. Telecom Retail also had 1.15 million local access lines in service, and a total mobile customers base (including XT) of 2.17 million. The number of broadband connections stood at 579,000. For FY 2011, Telecom expects EBITDA of NZD 1.72 to 1.78 billion, adjusted net earnings of NZD 300 to 340 million, and Capex of NZD 1 to 1.1 billion.[Lees verder]

Intel to buy McAfee for USD 7.68 billion
(Telecompaper) Intel has agreed to buy internet security software provider McAfee for USD 48 per share cash, or a total USD 7.68 billion. Intel said the growing number of internet-connected devices requires a new approach to security, integrating software, hardware and services. The chipmaker said it has raised security to a new level of strategic priority in its business to deliver a better computing experience, on par with energy efficiency and internet connectivity. The takeover forms part of its recent string of acquisitions focusing on “software that takes advantage of silicon”. McAfee will become a subsidiary reporting to Intel’s Software and Services Group. McAfee’s board has approved the deal, which remains subject to shareholder and regulatory approvals. Intel expects the acquisition to be slightly dilutive to earnings in the first year of operations and approximately flat in the second year. On a non-GAAP basis, excluding a one-time write down of deferred revenue when the transaction closes and amortization of acquired intangibles, Intel expects the combination to be slightly accretive in the first year and improve beyond that.[Lees verder]

ZTE posts H1 revenues up 11% to CNY 30.7 billion
(Telecompaper) Chinese network equipment supplier ZTE reported first-half revenues up 11 percent from a year earlier to CNY 30.7 billion, while net profit after extraordinary items dipped 1.5 percent to CNY 745.3 million. Revenues in its home market rose 3.5 percent to CNY 15.5 billion, helped by 3G expansion. On the international market, revenues was up 19.6 percent to CNY 15.3 billion, despite tough competition and India’s restrictions on foreign vendors. According to product group, revenue growth was 1.08 percent to CNY 19.0 billion for carrier networks, 39.71 percent to CNY 7.8 billion for terminal products and 17.99 percent to CNY 3.9 billion for telecommunication software systems, services and other products. ZTE said it was penetrating further among high-end customers, which will require efforts to step up its after-sales support in future. Despite the ongoing effects of the economic slowdown, the company expects continued demand for broadband products in the second half.[Lees verder]

UK consumers spend half waking hours using media – Ofcom
(Telecompaper) UK consumers are spending almost half (45%) of waking hours watching TV, using their mobiles and other communications devices, according to the latest annual Communications Market Report from Ofcom. Consumers are now sending four times as many texts per day than in 2004, spending almost a quarter of their time on the internet on social networking sites and spending 3 hours and 45 minutes per day watching TV. For the fifth year in a row, spending on communications services has decreased. Real household monthly spend on communication services has fallenl 9.4 per cent over the past five years to GB P 91.24, as more people choose to buy their services in discounted bundles. Media multi-tasking – where, for example, someone makes a phone call while surfing the internet – now accounts for one fifth (20%) of all media consumed throughout the day and the younger the person, the more this happens. UK consumers are now generally using a single device – typically their mobile phone – for more than one type of media and communications use. There has been a surge in smartphone ownership, up 81 percent from 7.2 million users in May 2009 to 12.8 million in May 2010. In June 2010, over a quarter of people in the UK (26.5%) said they had a smartphone. Almost one quarter (23%) of adults accessed content or sent emails on their mobile phones in Q1 2010, versus 20 percent in Q1 2009. This rises to 45 percent for the 15-24 age group. Surfing the internet via mobile phones is the fastest growing mobile media activity with one million new users in Q1 2100 2010 (taking the total to 13.5 million, vs 9 million in Q1 2009). Facebook was the most popular mobile internet site in terms of time people spend on it, accounting for almost half (45 per cent) of total time spent online on mobiles in December 2009. UK consumers sent a record number of texts (104 billion) in 2009 – equivalent to 1700 for every person in the UK. In Q2 2010, 63 percent ogf new mobile contracts were for 24 months.[Lees verder]

MTN Group’s H1 revenue down 2.2% to ZAR 56 bln
(Telecompaper) Africa and Middle East mobile operator MTN’s revenue for the first half decreased by 2.2 percent year-on-year to ZAR 56.0 billion, and EBITDA fell 1.1 percent to ZAR24.2 billion. MTN attributed the fall to negative exchange rate effects, as well as competitive and tariff pressures in key markets and lower ARPU as its subscriber base expands. The group posted a 11.4 percent annual increase in subscriber numbers to 129.2 million as of 30 June. MTN also raised its guidance for full-year net subscriber additions to 21.15 million from an earlier estimate of 20.00 million. Adjusted headline EPS went up 20.6 percent to ZAR 0.4386, and net attributable profit increased by 6.1 percent to ZAR 8.1 billion, compared to ZAR 7.6 billion in the same period in 2009, thanks to lower financing costs. The rise in net profit led to MTN’s maiden interim dividend, of ZAR 1.15 per share. Free cash flow jumped 164 percent to ZAR 6.8 billion, as MTN cut capex 45 percent from a year ago to ZAR 8.5 billion. While MTN reiterated its interest in growing through acquisitions, the company said the limited number of such opportunities meant it woul dhave to focus on internal growth. This will mean a focus on optimising efficiencies including infrastructure sharing, standardisation of systems and processes, rationalisation of suppliers, cost management and cash optimisation, as well as monitoring infrastructure investments to ensure appropriate levels of capacity and quality of service, incorporating continued investment in fibre and cable requirements to service evolving voice and data requirements. The board said growth can be achieved by continued engagement with regulatory authorities in the development and refinement of the telecommunications sector in its markets, evaluating options to further improve cash returns to shareholders in addition to an increased dividend payout ratio, and conclusion of its BEE transaction announced in July. MTN said it’s well positioned in its markets to compete within a changing competitive and regulatory landscape, with a focus on cost management as pressure on the revenue line increases, while it will continue to monitor the economic development of its markets with cautious optimism.[Lees verder]

Argentinean govt cancels Fibertel’s ISP licence
(Telecompaper) Argentina’s federal planning minister Julio De Vido announced the expiry of the licence granted to internet service provider Fibertel in 2003. Fibertel was merged into Cablevision, effective April 2003. As a result of that merger, Cablevision became the universal successor of all assets, rights and obligations of Fibertel, including the licence for provision of internet services, Grupo Clarin, owner of Cablevision, earlier said. Cablevision’s over one million broadband subscribers will have one month to change their internet provider and switch to another operator, reports Argentine national news agency Telam. “Fibertel and Cablevision ignored the current regulation framework for the telecommunications sector”, stated De Vido during a press conference and added that the expiry of the licence was documented in Resolution 100 of the Communications Secretariat and was signed by its Secretary of Communications Carlos Lisandro Salas. “What we have done today is report an illegal attitude on the part of Cablevision. […] What we are doing is not granting authorization to Cablevision to provide a service from a company which was dissolved in the context of a merger that the National State did not approve”, De Vido added. According to the minister, Cablevision does not have a license to provide broadband internet services, however, it continued exercising Fibertel’s “legal powers”. Fibertel did possess a licence to provide telecommunication services although on 15 January 2010, both companies had signed the dissolution of Fibertel before the General Justice Inspection. The dissolution was the result of the “company reorganization” within the private group which did not receive the corresponding authorization from the regulation authorities. That is why “it is clear they have not abided by the regulation. It can no longer do this and it is therefore unauthorized to provide the services”, said the Argentinean minister. Clarin plans to appeal the government’s ruling. “This measure is so arbitrary and illegitimate we’ll appeal – it violates the rights of the company and our clients,” a source at Grupo Clarin told The Financial Times.[Lees verder]

Telecom New Zealand’s FY profits slump 21%
(Telecompaper) Telecom New Zealand saw its profit slump 21 percent in the year ended 30 June. EBITDA slipped 0.2 percent, in line with guidance, to NZD 1.76 billion. Revenues fell 6.3 percent to NZD 5.27 billion from NZD 5.63 billion, reflecting continued competitive and price pressure in the legacy fixed line businesses. Mobile revenues were NZD 826 million, up marginally by 0.5 percent, while data revenues slipped by 1.5 percent to NZD 642 million. Local services revenues fell 2.6 percent to NZD 1.02 billion, calling revenues fell by 19 percent to NZD 1 billion, and broadband and internet revenues dropped 1.4 percent to NZD 574 million. IT services revenues were NZD 480 million, down 1.2 percent, resale revenues fell 17.7 percent to NZD 274 million. Chorus, Gen-i and AAPT each delivered EBITDA growth for the year, and the turnaround in the Retail business is on track for FY11, the company said. Telecom posted a net profit of NZD 382 million, down 20.9 percent from NZD 483 million a year earlier. Telecom ended the year with 712,000 customers on its new XT network, up by 117,000 since 31 March. Telecom Retail also had 1.15 million local access lines in service, and a total mobile customers base (including XT) of 2.17 million. The number of broadband connections stood at 579,000. For FY 2011, Telecom expects EBITDA of NZD 1.72 to 1.78 billion, adjusted net earnings of NZD 300 to 340 million, and Capex of NZD 1 to 1.1 billion.[Lees verder]

Intel to buy McAfee for USD 7.68 billion
(Telecompaper) Intel has agreed to buy internet security software provider McAfee for USD 48 per share cash, or a total USD 7.68 billion. Intel said the growing number of internet-connected devices requires a new approach to security, integrating software, hardware and services. The chipmaker said it has raised security to a new level of strategic priority in its business to deliver a better computing experience, on par with energy efficiency and internet connectivity. The takeover forms part of its recent string of acquisitions focusing on “software that takes advantage of silicon”. McAfee will become a subsidiary reporting to Intel’s Software and Services Group. McAfee’s board has approved the deal, which remains subject to shareholder and regulatory approvals. Intel expects the acquisition to be slightly dilutive to earnings in the first year of operations and approximately flat in the second year. On a non-GAAP basis, excluding a one-time write down of deferred revenue when the transaction closes and amortization of acquired intangibles, Intel expects the combination to be slightly accretive in the first year and improve beyond that.[Lees verder]

ZTE posts H1 revenues up 11% to CNY 30.7 billion
(Telecompaper) Chinese network equipment supplier ZTE reported first-half revenues up 11 percent from a year earlier to CNY 30.7 billion, while net profit after extraordinary items dipped 1.5 percent to CNY 745.3 million. Revenues in its home market rose 3.5 percent to CNY 15.5 billion, helped by 3G expansion. On the international market, revenues was up 19.6 percent to CNY 15.3 billion, despite tough competition and India’s restrictions on foreign vendors. According to product group, revenue growth was 1.08 percent to CNY 19.0 billion for carrier networks, 39.71 percent to CNY 7.8 billion for terminal products and 17.99 percent to CNY 3.9 billion for telecommunication software systems, services and other products. ZTE said it was penetrating further among high-end customers, which will require efforts to step up its after-sales support in future. Despite the ongoing effects of the economic slowdown, the company expects continued demand for broadband products in the second half.[Lees verder]

UK consumers spend half waking hours using media – Ofcom
(Telecompaper) UK consumers are spending almost half (45%) of waking hours watching TV, using their mobiles and other communications devices, according to the latest annual Communications Market Report from Ofcom. Consumers are now sending four times as many texts per day than in 2004, spending almost a quarter of their time on the internet on social networking sites and spending 3 hours and 45 minutes per day watching TV. For the fifth year in a row, spending on communications services has decreased. Real household monthly spend on communication services has fallenl 9.4 per cent over the past five years to GB P 91.24, as more people choose to buy their services in discounted bundles. Media multi-tasking – where, for example, someone makes a phone call while surfing the internet – now accounts for one fifth (20%) of all media consumed throughout the day and the younger the person, the more this happens. UK consumers are now generally using a single device – typically their mobile phone – for more than one type of media and communications use. There has been a surge in smartphone ownership, up 81 percent from 7.2 million users in May 2009 to 12.8 million in May 2010. In June 2010, over a quarter of people in the UK (26.5%) said they had a smartphone. Almost one quarter (23%) of adults accessed content or sent emails on their mobile phones in Q1 2010, versus 20 percent in Q1 2009. This rises to 45 percent for the 15-24 age group. Surfing the internet via mobile phones is the fastest growing mobile media activity with one million new users in Q1 2100 2010 (taking the total to 13.5 million, vs 9 million in Q1 2009). Facebook was the most popular mobile internet site in terms of time people spend on it, accounting for almost half (45 per cent) of total time spent online on mobiles in December 2009. UK consumers sent a record number of texts (104 billion) in 2009 – equivalent to 1700 for every person in the UK. In Q2 2010, 63 percent ogf new mobile contracts were for 24 months.[Lees verder]

MTN Group’s H1 revenue down 2.2% to ZAR 56 bln
(Telecompaper) Africa and Middle East mobile operator MTN’s revenue for the first half decreased by 2.2 percent year-on-year to ZAR 56.0 billion, and EBITDA fell 1.1 percent to ZAR24.2 billion. MTN attributed the fall to negative exchange rate effects, as well as competitive and tariff pressures in key markets and lower ARPU as its subscriber base expands. The group posted a 11.4 percent annual increase in subscriber numbers to 129.2 million as of 30 June. MTN also raised its guidance for full-year net subscriber additions to 21.15 million from an earlier estimate of 20.00 million. Adjusted headline EPS went up 20.6 percent to ZAR 0.4386, and net attributable profit increased by 6.1 percent to ZAR 8.1 billion, compared to ZAR 7.6 billion in the same period in 2009, thanks to lower financing costs. The rise in net profit led to MTN’s maiden interim dividend, of ZAR 1.15 per share. Free cash flow jumped 164 percent to ZAR 6.8 billion, as MTN cut capex 45 percent from a year ago to ZAR 8.5 billion. While MTN reiterated its interest in growing through acquisitions, the company said the limited number of such opportunities meant it woul dhave to focus on internal growth. This will mean a focus on optimising efficiencies including infrastructure sharing, standardisation of systems and processes, rationalisation of suppliers, cost management and cash optimisation, as well as monitoring infrastructure investments to ensure appropriate levels of capacity and quality of service, incorporating continued investment in fibre and cable requirements to service evolving voice and data requirements. The board said growth can be achieved by continued engagement with regulatory authorities in the development and refinement of the telecommunications sector in its markets, evaluating options to further improve cash returns to shareholders in addition to an increased dividend payout ratio, and conclusion of its BEE transaction announced in July. MTN said it’s well positioned in its markets to compete within a changing competitive and regulatory landscape, with a focus on cost management as pressure on the revenue line increases, while it will continue to monitor the economic development of its markets with cautious optimism.[Lees verder]