Malaysia’s Axiata is looking to raise at least $500 million in an initial public offering of tower assets, according to a report from Bloomberg.
Citing sources familiar with the matter, Bloomberg says the company – which operates Malaysia’s biggest mobile network – is working with several financial institutions on the terms of the offering, which could take place next year in Kuala Lumpur.
China Mobile Ltd has awarded initial 4G contracts worth around 20 billion yuan ($3.2 billion), with Chinese firms securing more than half of the biggest prize in the global telecoms industry this year and foreign firms winning about a third, industry sources said.
Telecoms equipment makers, such as global leader Ericsson (Stockholm, Sweden) and Huawei Technologies Co Ltd (Shenzhen, China), have been waiting for China Mobile's (Beijing, China) 4G tender to lift the fortunes of an industry that has been hit by a lack of spending worldwide.
Network-equipment maker Aruba Networks Inc (Sunnyvale, CA, USA) reported a 10 percent rise in fourth-quarter revenue as demand for its products rose and it added new customers.
Net loss widened to $16.3 million, or 14 cents per share, in the three months ended July from $3 million, or 3 cents per share, a year earlier.
Revenue rose to $153.1 million from $139.2 million.
Excluding items, the company earned 12 cents per share.
Aruba's products provide secure network access across wireless and wired networks.
AT&T unfairly terminated an affiliation agreement with Al Jazeera America, the cable network says in a recently unsealed lawsuit that highlights AT&T's subscriber base in conservative states.
Under a heavily redacted description of the alleged "bad faith scheme," Al Jazeera (Doha, Qatar) notes in its complaint that "AT&T [Dallas, TX, USA] has a large subscriber base in Texas and other conservative states in the South and Southwest.
Data upload traffic on the mobile network of UK operator EE has exceeded downloads for the first time ever at a number of major events, according to new research from the operator.
“For the first time in the UK, the amount of data uploaded onto our network has surpassed downloads at major events such as the London Marathon and Baroness Thatcher’s funeral,” said Fotis Karonis, EE’s (Hatfield, UK) chief technology officer.
China Telecom has reported a sharp rise in earnings and revenues for the first six months of the year thanks to soaring demand for the iPhone and mobile data services.
The operator – China’s third-biggest behind China Mobile (Beijing, China) and China Unicom (Beijing, China) – saw net income increase by 15.9% for the first half, to RMB10.2 billion ($1.67 billion), compared with the same period last year, while revenues grew by 14.1%, to RMB138 billion, over the same period.
Russia’s MTS swung to a net profit and reported revenue growth for the three months ending June thanks to rising demand for mobile data services and various one-off gains, including settlements related to its disputed ownership of Bitel, an operator in the Kyrgyz Republic.
Nearly half of all mobile-phone customers in emerging markets will be using smartphones by 2017, compared with just a fifth today, according to new research from Ovum.
The market-research company says demand for mobile internet services in urban areas of emerging markets will drive the adoption of some two billion smartphones by 2017.
Encouraging that development is the lack of fixed internet infrastructure in many emerging-market countries, as well as the growing purchasing power of consumers living in urban areas.
Facebook Inc's (Menlo Park, CA, USA) Chief Executive Mark Zuckerberg has enlisted Samsung Electronics Co Ltd (Seoul, South Korea), Qualcomm Inc (San Diego, CA, USA) and four other companies for a project aimed at bringing Internet access to people around the world who can't afford it, mirroring efforts by Google Inc (Mountain View, CA, USA) and others.
The project is called Internet.org and will be launched Wednesday. It focuses on enabling the next 5 billion people without access to come online, Zuckerberg said.
New cable network Al Jazeera America introduced itself to viewers on Tuesday with reports on political strife in Egypt and the impact of climate change on U.S. cities, shortly after a major pay TV distributor declined to carry the channel.
The decision by AT&T's (Dallas, TX, USA) U-verse pay-TV service stemmed from a contract dispute over terms to carry the new network, AT&T spokesman Mark Siegel said.
Al Jazeera (Doha, Qatar) responded by suing AT&T for breach of contract in Delaware Chancery Court.