Govt, Entel to invest USD 100 mln in rural broadband project

Govt, Entel to invest USD 100 mln in rural broadband project
(Telecompaper) The government of Chile and domestic operator Entel will launch a rural broadband project in September. Dubbed ‘Red de Internet Rural: Todo Chile Comunicado’, the project involves overall public and private investments of nearly USD 100 million. The project will bring mobile phone and broadband connections to approximately 1,474 remote rural communities. Estimated to connect around 3 million new users, the Chilean project is scheduled for completion in 2011. The first stage of the project will be rolled out in September, and will cover around 450 communities or 1.7 million people, across 15 Chilean regions. The government will contribute around USD 45 million, financed equally by the Telecommunications Development Fund and the 15 regional governments. The equipment for 3G network deployment will be provided by Ericsson.[Lees verder]

RIM looking to buy mobile ad network – report
(Telecompaper) Research in Motion (RIM) is looking to acquire a mobile advertising network, the Wall Street Journal reports citing people familiar with the matter. RIM recently held talks with US-based mobile ad network Millennial Media about a potential acquisition, these people said. However, the negotiations are said to have ended due to disagreements regarding the value of Millennial, which serves advertisements on its own network of mobile websites. Millennial also brokers ad sales to a group of other mobile ad networks. Encouraged by the recent sale prices fetched by rivals AdMob and Quattro Wireless, Millennial has asked for between USD 400 million to USD 500 million, these people said. RIM has been unwilling to pay such a price. Both RIM and Millenial declined to comment. In an interview from early August with The Wall Street Journal, Millennial CEO Paul Palmieri said that the company hopes to make a public offering of shares rather than be acquired. RIM executives are reluctant to pay up for Millennial, having told others that Apple and Google overpaid for their mobile-advertising acquisitions.[Lees verder]

Govt, Entel to invest USD 100 mln in rural broadband project
(Telecompaper) The government of Chile and domestic operator Entel will launch a rural broadband project in September. Dubbed ‘Red de Internet Rural: Todo Chile Comunicado’, the project involves overall public and private investments of nearly USD 100 million. The project will bring mobile phone and broadband connections to approximately 1,474 remote rural communities. Estimated to connect around 3 million new users, the Chilean project is scheduled for completion in 2011. The first stage of the project will be rolled out in September, and will cover around 450 communities or 1.7 million people, across 15 Chilean regions. The government will contribute around USD 45 million, financed equally by the Telecommunications Development Fund and the 15 regional governments. The equipment for 3G network deployment will be provided by Ericsson.[Lees verder]

RIM looking to buy mobile ad network – report
(Telecompaper) Research in Motion (RIM) is looking to acquire a mobile advertising network, the Wall Street Journal reports citing people familiar with the matter. RIM recently held talks with US-based mobile ad network Millennial Media about a potential acquisition, these people said. However, the negotiations are said to have ended due to disagreements regarding the value of Millennial, which serves advertisements on its own network of mobile websites. Millennial also brokers ad sales to a group of other mobile ad networks. Encouraged by the recent sale prices fetched by rivals AdMob and Quattro Wireless, Millennial has asked for between USD 400 million to USD 500 million, these people said. RIM has been unwilling to pay such a price. Both RIM and Millenial declined to comment. In an interview from early August with The Wall Street Journal, Millennial CEO Paul Palmieri said that the company hopes to make a public offering of shares rather than be acquired. RIM executives are reluctant to pay up for Millennial, having told others that Apple and Google overpaid for their mobile-advertising acquisitions.[Lees verder]

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