Liberty sole bidder for taking over ITI in India – report

Liberty sole bidder for taking over ITI in India – report
(Telecompaper) India-based footwear company Liberty Group is learnt to be the only company to have mounted a bid for taking over telecommunication equipment maker Indian Telephone Industries after the fourth deadline to find a buyer for the ailing state-owned company expired on 23 August, reports the Economic Times. However, Liberty missed the 13:00 hours deadline on 23 August, and executives blamed the rains in Delhi and traffic for the delay. Senior executives of the department of telecom and ITI said they will meet this week to decide if Liberty’s bid passes muster. Companies such as Huawei Technologies, Tejas Networks and US-based UTStarcom, which had purchased the bid documents, kept away from the technical bids, officials familiar with the development said. Liberty Group did not comment on the ITI bid.[Lees verder]

Dish launches DishOnline video portal
(Telecompaper) US pay-TV provider Dish Network has launched its DishOnline video portal this week. Through DishOnline.com, customers can watch their live TV, all of their DVR recordings and thousands of movies, TV shows, clips and more from programmers such as Food Network, Discovery Channel, MTV, EPIX, Starz and Encore. Through a search engine, customers can browse for content by title, network, actor or genre. The DishOnline website will show some free video clips, but cable shows and many movies will be available only with a subscription.[Lees verder]

Wind Hellas revenues down 27.5% to EUR 202.3 mln in Q2
(Telecompaper) Greek operator Wind Hellas saw its revenues drop 27.5 percent year-on-year to EUR 202.3 million in Q2, hurt by the government’s austerity measures and an intense competitive environment. At the same time, EBITDA fell 52.4 percent to EUR 39.1 million, significantly affected by higher bad debt provisions despite significant cost savings. Mobile revenues fell to EUR 163.3 million from EUR 229.5 million in the year-earlier period. Mobile outgoing revenues deteriorated further in Q2 as a result of worsening macroeconomic conditions, contract customers migrating to prepaid, and a VAT hike. Mobile incoming revenues were affected by the new mobile termination rate cut applied in January and the lower incoming usage. Wind Hellas saw its mobile subscriber base shrink by 403,000 sequentially to 4.192 million in Q2. Its contract customer base lost 13,000 subscribers reaching a total of 1.055 million, mainly due to lost market share as a result of the competitive weakness due to the ongoing debt restructuring process. At the same time, the prepaid customer base declined by 391,000 to 3.137 million, significantly affected by the ongoing registration process in line with the market trend. Mobile ARPU increased to EUR 12.5 from EUR 11.7 in the previous quarter. Mobile ARPU declined versus EUR 14.8 in Q1 2009 due to a decrease in traffic and continued price pressure. Fixed division Tellas’ revenues fell 14.2 percent year-on-year to EUR 31.6 million, mainly due to lower indirect voice and wholesale revenues growth. Tellas’ client base increased to 552,000 from 545,000 subscribers in the previous quarter. Of the total, 305,000 were indirect customers and 248,000 were direct (LLU) customers. The indirect customer base was down 13,000 sequentially due to the continued write-off of inactive CS customers, while the LLU customer base grew by 21,000 net additions in Q2. ARPU continued to increase in Q2, reaching EUR 18.7 versus EUR 15.2 in the previous quarter and EUR 14.9 in the year-ago period, due to both the higher proportion of direct customers in the total base and the termination of inactive indirect customers.[Lees verder]

TM’s Q2 profits slip 53%
(Telecompaper) Telekom Malaysia (TM) posted revenues of MYR 2.15 billion for the second quarter, up 1 percent from MYR 2.13 billion in the year-ago quarter as data and internet contributed to positive growth. Retail contributed MYR 1.67 billion in revenues, up 1.5 percent year-on-year, while Wholesale recorded revenues of MYR 187 million, down 18 percent. Voice revenues were MYR 953 million, down 4.8 percent, while internet revenues rose 7.2 percent to MYR 431 million, and data revenue jumped 14.6 percent to MYR 425 million. EBITDA stood at MYR 689.9 million, down 16.3 percent from MYR 824.1 million a year earlier due to higher costs, and the EBITDA margin slipped 5.5 percentage points to 31.6 percent on UniFi related costs. Telekom Malaysia posted a profit after tax of MYR 124.4 million, down 53.2 percent from MYR 266 million. The company had 9,200 UniFi customers on 19 August. Telekom Malaysia ended the second quarter with 1.54 million broadband subscribers, up 12.5 percent year-on-year, and 4.33 million fixed-line customers, up 0.3 percent. The company also had 2,533 Wi-Fi hotspots, up 94.4 percent from Q2 2009.[Lees verder]

Avast secures USD 100 mln from Summit Partners
(Telecompaper) Private equity investor Summit Partners has invested USD 100 million for a minority stake in the antivirus software provider Avast Software. No other details were disclosed. Based in the Czech Republic, Avast provides free and paid anti-virus software in around 30 languages.[Lees verder]

Liberty sole bidder for taking over ITI in India – report
(Telecompaper) India-based footwear company Liberty Group is learnt to be the only company to have mounted a bid for taking over telecommunication equipment maker Indian Telephone Industries after the fourth deadline to find a buyer for the ailing state-owned company expired on 23 August, reports the Economic Times. However, Liberty missed the 13:00 hours deadline on 23 August, and executives blamed the rains in Delhi and traffic for the delay. Senior executives of the department of telecom and ITI said they will meet this week to decide if Liberty’s bid passes muster. Companies such as Huawei Technologies, Tejas Networks and US-based UTStarcom, which had purchased the bid documents, kept away from the technical bids, officials familiar with the development said. Liberty Group did not comment on the ITI bid.[Lees verder]

Dish launches DishOnline video portal
(Telecompaper) US pay-TV provider Dish Network has launched its DishOnline video portal this week. Through DishOnline.com, customers can watch their live TV, all of their DVR recordings and thousands of movies, TV shows, clips and more from programmers such as Food Network, Discovery Channel, MTV, EPIX, Starz and Encore. Through a search engine, customers can browse for content by title, network, actor or genre. The DishOnline website will show some free video clips, but cable shows and many movies will be available only with a subscription.[Lees verder]

Wind Hellas revenues down 27.5% to EUR 202.3 mln in Q2
(Telecompaper) Greek operator Wind Hellas saw its revenues drop 27.5 percent year-on-year to EUR 202.3 million in Q2, hurt by the government’s austerity measures and an intense competitive environment. At the same time, EBITDA fell 52.4 percent to EUR 39.1 million, significantly affected by higher bad debt provisions despite significant cost savings. Mobile revenues fell to EUR 163.3 million from EUR 229.5 million in the year-earlier period. Mobile outgoing revenues deteriorated further in Q2 as a result of worsening macroeconomic conditions, contract customers migrating to prepaid, and a VAT hike. Mobile incoming revenues were affected by the new mobile termination rate cut applied in January and the lower incoming usage. Wind Hellas saw its mobile subscriber base shrink by 403,000 sequentially to 4.192 million in Q2. Its contract customer base lost 13,000 subscribers reaching a total of 1.055 million, mainly due to lost market share as a result of the competitive weakness due to the ongoing debt restructuring process. At the same time, the prepaid customer base declined by 391,000 to 3.137 million, significantly affected by the ongoing registration process in line with the market trend. Mobile ARPU increased to EUR 12.5 from EUR 11.7 in the previous quarter. Mobile ARPU declined versus EUR 14.8 in Q1 2009 due to a decrease in traffic and continued price pressure. Fixed division Tellas’ revenues fell 14.2 percent year-on-year to EUR 31.6 million, mainly due to lower indirect voice and wholesale revenues growth. Tellas’ client base increased to 552,000 from 545,000 subscribers in the previous quarter. Of the total, 305,000 were indirect customers and 248,000 were direct (LLU) customers. The indirect customer base was down 13,000 sequentially due to the continued write-off of inactive CS customers, while the LLU customer base grew by 21,000 net additions in Q2. ARPU continued to increase in Q2, reaching EUR 18.7 versus EUR 15.2 in the previous quarter and EUR 14.9 in the year-ago period, due to both the higher proportion of direct customers in the total base and the termination of inactive indirect customers.[Lees verder]

TM’s Q2 profits slip 53%
(Telecompaper) Telekom Malaysia (TM) posted revenues of MYR 2.15 billion for the second quarter, up 1 percent from MYR 2.13 billion in the year-ago quarter as data and internet contributed to positive growth. Retail contributed MYR 1.67 billion in revenues, up 1.5 percent year-on-year, while Wholesale recorded revenues of MYR 187 million, down 18 percent. Voice revenues were MYR 953 million, down 4.8 percent, while internet revenues rose 7.2 percent to MYR 431 million, and data revenue jumped 14.6 percent to MYR 425 million. EBITDA stood at MYR 689.9 million, down 16.3 percent from MYR 824.1 million a year earlier due to higher costs, and the EBITDA margin slipped 5.5 percentage points to 31.6 percent on UniFi related costs. Telekom Malaysia posted a profit after tax of MYR 124.4 million, down 53.2 percent from MYR 266 million. The company had 9,200 UniFi customers on 19 August. Telekom Malaysia ended the second quarter with 1.54 million broadband subscribers, up 12.5 percent year-on-year, and 4.33 million fixed-line customers, up 0.3 percent. The company also had 2,533 Wi-Fi hotspots, up 94.4 percent from Q2 2009.[Lees verder]

Avast secures USD 100 mln from Summit Partners
(Telecompaper) Private equity investor Summit Partners has invested USD 100 million for a minority stake in the antivirus software provider Avast Software. No other details were disclosed. Based in the Czech Republic, Avast provides free and paid anti-virus software in around 30 languages.[Lees verder]

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