LG Electronics replaces CEO

LG Electronics replaces CEO
(Telecompaper) Nam Yong is stepping down as CEO of LG Electronics. He will be replaced by Koo Bon-joon (59), who has been CEO of trading firm LG International Co and previously was an executive at LG Display. He is also the brother of the chairman of LG Corp.[Lees verder]

CVC acquires Swiss operator Sunrise from TDC
(Telecompaper) CVC Capital Partners (CVC) and TDC have reached a definitive agreement for investment funds advised by CVC to acquire Swiss telecommunications operator Sunrise. The transaction values Sunrise at an enterprise value of CHF 3.3 billion. With the new owner Sunrise will be able to continue its current challenger strategy whilst maintaining its high level of investment in infrastructure and distribution. The completion of this transaction is expected to occur in the fourth quarter, once approvals have been obtained from the Swiss competition and relevant regulatory authorities. The sale follows the cancellation of the merger between Sunrise and Orange Switzerland in June, after the merger was prohibited by the Swiss cartel office Weko. Sunrise is active on the Swiss market as fixed and mobile network operator and reported revenues of CHF 995 million for the first half of this year with an EBITDA of CHF 277 million. Sunrise had 2.86 million customers on 30 June including 1.9 million mobile customers.[Lees verder]

Court stops Thai 3G auction
(Telecompaper) Thailand’s central administrative court has approved CAT Telecom’s request for an injunction to stop the National Telecom Commission’s planned 3G auction. The court said that if the auction would be allowed to proceed as scheduled by the National Telecom Commission (NTC), it would lead to a number of problems as the NTC itself is in a transition period, awaiting the establishment of a new regulatory body. The regulator plans to appeal the verdict and hopes for a quick outcome to be able to proceed with the auction on 20 September, the Nation writes. The licence auction is scheduled for 20 to 27 September with two licences available and three bidders, namely AIS, DTAC and True. ICT minister Chuti Krairiksh said it was his fault for failing to stop state-owned operator CAT Telecom from seeking the injunction. Under the 2007 constitution, a new regulatory body – the National Broadcasting and Telecom Commission (NBTC) – will be established to oversee broadcasting and telecommunications sectors. To avoid creating future problems for the NBTC, the NTC’s plan to auction 2.1 GHz spectrum licences should be suspended, the court said. The bill to create the NBTC is currently pending in the house of representatives following amendments made by the senate. The house and senate are expected to set-up a joint committee to consider the proposed legislation, which was earlier expected to be enacted by the end of this year.[Lees verder]

RIM ships over 12 mln BlackBerrys in August quarter
(Telecompaper) Research In Motion reported revenues for its fiscal second quarter to August up 31 percent year-on-year to USD 4.62 billion. Earnings per share increased 76 percent to USD 1.46. The number of BlackBerry phones shipped rose 45 percent from a year ago to 12.1 million, taking total shipments to date to 115 million. The number of BlackBerry subscriber accounts was up 56 percent year-on-year and by 4.5 million in the quarter, to over 50 million. RIM said it expects the momentum in results to continue in Q3 as it takes new products such as the Torch to new markets and starts spending on marketing ahead of the holidays. The group finished August with just over USD 2.0 billion in cash, after operating cash flow of USD 938 million in the three months. Revenues for Q3 are forecast at USD 5.30-5.55 billion, with a gross margin of 42 percent. EPS is estimated at USD 1.62-1.70.[Lees verder]

Samsung Galaxy Tab to launch with 4 US carriers
(Telecompaper) Samsung announced agreements to launch its Galaxy Tab with all four of the US’ major mobile operators. AT&T, Sprint, T-Mobile and Verizon Wireless will all launch the device in time for the holidays. Samsung followed a similar startegy for its recent Galaxy S smartphone, which launch in slightly different versions with each of the carriers. The Galaxy Tab features a 7-inch touch screen, Cortex A8 1GHz processor, Android 2.2 with Adobe Flash Player 10.1, and access to Samsung’s new Media Hub for music, video and e-book downloads. It comes with 802.11n Wi-Fi and includes 2GB internal memory plus a card slot for up to another 32GB. Users have a front-facing camera for video calls and 3 megapixel back camera for taking still photos and video. The content services will include a Readers Hub with Samsung’s e-reading application and access to a digital library, as well as a Media Hub for films and videos and Music Hub for a wide range of music tracks. The device includes a 4,000mAh battery, which Samsung says can support up to seven hours of video playback. Details on pricing and availability will be released closer to the launch date.[Lees verder]

Calix to acquire Occam Networks for USD 171 mln
(Telecompaper) Calix has agreeed to acquire Occam Networks in a stock and cash transaction valued at USD 171 million, or USD 7.75 per Occam Networks share. Occam Networks shareholders will receive USD 3.8337 per share in cash and 0.2925 of a Calix share for every share of Occam Networks held. After the completion of the acquisition, former Occam Networks stockholders will own between 16.5 percent and 18.9 percent of Calix. Also, one non-management member of the current Occam Networks board will be appointed to the Calix board. The combined organization of Calix and Occam Networks is expected to provide communications service providers across North America, the Caribbean, Latin America and select global markets with an enhanced portfolio of advanced broadband access systems, and accelerate innovation across the expanded Calix Unified Access portfolio. The deal combines Occam Networks’ expertise in IP and Ethernet with Calix’s strength in fibre access and both companies’ experience in copper access. Calix expects to complete the acquisition in the fourth quarter of 2010 or first quarter of 2011, subject to Occam Networks stockholder approval, receipt of required regulatory clearance and the satisfaction of certain other customary closing conditions. Occam Networks stockholders representing 27 percent of outstanding stock have signed an agreement to vote their shares in favor of this transaction. Calix expects the takeover to add to non-GAAP EPS from the second quarter of 2011.[Lees verder]

Project Canvas unveils YouView brand
(Telecompaper) Project Canvas unveiled the branding, management and details of its service, as it tries to move beyond a series of regulatory challenges. More than two years after beginning work on the project, the broadcasters and infrastructure providers backing Canvas have launched a website demonstrating the service to consumers, web developers and content owners for the first time, ahead of a planned launch in the first half of next year. The service will be branded YouView, in a nod to its intention to upgrade Freeview, the digital TV service, for the internet age. Its tagline promises to “change the way you watch TV forever”, by combining subscription-free broadcast TV, a digital video recorder and a wide range of apps and on-demand content delivered over the internet. Kip Meek, YouView’s chairman, has appointed Richard Halton, the BBC programme director who has been managing Project Canvas for the last two years, as chief executive. YouView TV Ltd was formally incorporated last week, with seven equal shareholders – the BBC, ITV, Channel 4, Five, BT, TalkTalk and Arqiva – all committing to invest GBP 4.5 million a year for the next four years, the FT reported. T-Mobile UK’s and Orange’s Everything Everywhere has decided against joining, after holding advanced discussions to become the eighth Canvas partner. The involvement of the licence-fee-funded BBC in the venture has been controversial. Five organisations – including local TV groups, Virgin Media and advocates of “open” technical standards – have complained to Ofcom about YouView in recent months, claiming it could stifle competition. YouView has 100 employees, who will work on creating the technical platform and marketing the service. That team will shrink to 40 to 50 full-time staff after launch.[Lees verder]

LG Electronics replaces CEO
(Telecompaper) Nam Yong is stepping down as CEO of LG Electronics. He will be replaced by Koo Bon-joon (59), who has been CEO of trading firm LG International Co and previously was an executive at LG Display. He is also the brother of the chairman of LG Corp.[Lees verder]

CVC acquires Swiss operator Sunrise from TDC
(Telecompaper) CVC Capital Partners (CVC) and TDC have reached a definitive agreement for investment funds advised by CVC to acquire Swiss telecommunications operator Sunrise. The transaction values Sunrise at an enterprise value of CHF 3.3 billion. With the new owner Sunrise will be able to continue its current challenger strategy whilst maintaining its high level of investment in infrastructure and distribution. The completion of this transaction is expected to occur in the fourth quarter, once approvals have been obtained from the Swiss competition and relevant regulatory authorities. The sale follows the cancellation of the merger between Sunrise and Orange Switzerland in June, after the merger was prohibited by the Swiss cartel office Weko. Sunrise is active on the Swiss market as fixed and mobile network operator and reported revenues of CHF 995 million for the first half of this year with an EBITDA of CHF 277 million. Sunrise had 2.86 million customers on 30 June including 1.9 million mobile customers.[Lees verder]

Court stops Thai 3G auction
(Telecompaper) Thailand’s central administrative court has approved CAT Telecom’s request for an injunction to stop the National Telecom Commission’s planned 3G auction. The court said that if the auction would be allowed to proceed as scheduled by the National Telecom Commission (NTC), it would lead to a number of problems as the NTC itself is in a transition period, awaiting the establishment of a new regulatory body. The regulator plans to appeal the verdict and hopes for a quick outcome to be able to proceed with the auction on 20 September, the Nation writes. The licence auction is scheduled for 20 to 27 September with two licences available and three bidders, namely AIS, DTAC and True. ICT minister Chuti Krairiksh said it was his fault for failing to stop state-owned operator CAT Telecom from seeking the injunction. Under the 2007 constitution, a new regulatory body – the National Broadcasting and Telecom Commission (NBTC) – will be established to oversee broadcasting and telecommunications sectors. To avoid creating future problems for the NBTC, the NTC’s plan to auction 2.1 GHz spectrum licences should be suspended, the court said. The bill to create the NBTC is currently pending in the house of representatives following amendments made by the senate. The house and senate are expected to set-up a joint committee to consider the proposed legislation, which was earlier expected to be enacted by the end of this year.[Lees verder]

RIM ships over 12 mln BlackBerrys in August quarter
(Telecompaper) Research In Motion reported revenues for its fiscal second quarter to August up 31 percent year-on-year to USD 4.62 billion. Earnings per share increased 76 percent to USD 1.46. The number of BlackBerry phones shipped rose 45 percent from a year ago to 12.1 million, taking total shipments to date to 115 million. The number of BlackBerry subscriber accounts was up 56 percent year-on-year and by 4.5 million in the quarter, to over 50 million. RIM said it expects the momentum in results to continue in Q3 as it takes new products such as the Torch to new markets and starts spending on marketing ahead of the holidays. The group finished August with just over USD 2.0 billion in cash, after operating cash flow of USD 938 million in the three months. Revenues for Q3 are forecast at USD 5.30-5.55 billion, with a gross margin of 42 percent. EPS is estimated at USD 1.62-1.70.[Lees verder]

Samsung Galaxy Tab to launch with 4 US carriers
(Telecompaper) Samsung announced agreements to launch its Galaxy Tab with all four of the US’ major mobile operators. AT&T, Sprint, T-Mobile and Verizon Wireless will all launch the device in time for the holidays. Samsung followed a similar startegy for its recent Galaxy S smartphone, which launch in slightly different versions with each of the carriers. The Galaxy Tab features a 7-inch touch screen, Cortex A8 1GHz processor, Android 2.2 with Adobe Flash Player 10.1, and access to Samsung’s new Media Hub for music, video and e-book downloads. It comes with 802.11n Wi-Fi and includes 2GB internal memory plus a card slot for up to another 32GB. Users have a front-facing camera for video calls and 3 megapixel back camera for taking still photos and video. The content services will include a Readers Hub with Samsung’s e-reading application and access to a digital library, as well as a Media Hub for films and videos and Music Hub for a wide range of music tracks. The device includes a 4,000mAh battery, which Samsung says can support up to seven hours of video playback. Details on pricing and availability will be released closer to the launch date.[Lees verder]

Calix to acquire Occam Networks for USD 171 mln
(Telecompaper) Calix has agreeed to acquire Occam Networks in a stock and cash transaction valued at USD 171 million, or USD 7.75 per Occam Networks share. Occam Networks shareholders will receive USD 3.8337 per share in cash and 0.2925 of a Calix share for every share of Occam Networks held. After the completion of the acquisition, former Occam Networks stockholders will own between 16.5 percent and 18.9 percent of Calix. Also, one non-management member of the current Occam Networks board will be appointed to the Calix board. The combined organization of Calix and Occam Networks is expected to provide communications service providers across North America, the Caribbean, Latin America and select global markets with an enhanced portfolio of advanced broadband access systems, and accelerate innovation across the expanded Calix Unified Access portfolio. The deal combines Occam Networks’ expertise in IP and Ethernet with Calix’s strength in fibre access and both companies’ experience in copper access. Calix expects to complete the acquisition in the fourth quarter of 2010 or first quarter of 2011, subject to Occam Networks stockholder approval, receipt of required regulatory clearance and the satisfaction of certain other customary closing conditions. Occam Networks stockholders representing 27 percent of outstanding stock have signed an agreement to vote their shares in favor of this transaction. Calix expects the takeover to add to non-GAAP EPS from the second quarter of 2011.[Lees verder]

Project Canvas unveils YouView brand
(Telecompaper) Project Canvas unveiled the branding, management and details of its service, as it tries to move beyond a series of regulatory challenges. More than two years after beginning work on the project, the broadcasters and infrastructure providers backing Canvas have launched a website demonstrating the service to consumers, web developers and content owners for the first time, ahead of a planned launch in the first half of next year. The service will be branded YouView, in a nod to its intention to upgrade Freeview, the digital TV service, for the internet age. Its tagline promises to “change the way you watch TV forever”, by combining subscription-free broadcast TV, a digital video recorder and a wide range of apps and on-demand content delivered over the internet. Kip Meek, YouView’s chairman, has appointed Richard Halton, the BBC programme director who has been managing Project Canvas for the last two years, as chief executive. YouView TV Ltd was formally incorporated last week, with seven equal shareholders – the BBC, ITV, Channel 4, Five, BT, TalkTalk and Arqiva – all committing to invest GBP 4.5 million a year for the next four years, the FT reported. T-Mobile UK’s and Orange’s Everything Everywhere has decided against joining, after holding advanced discussions to become the eighth Canvas partner. The involvement of the licence-fee-funded BBC in the venture has been controversial. Five organisations – including local TV groups, Virgin Media and advocates of “open” technical standards – have complained to Ofcom about YouView in recent months, claiming it could stifle competition. YouView has 100 employees, who will work on creating the technical platform and marketing the service. That team will shrink to 40 to 50 full-time staff after launch.[Lees verder]