Wireless China Industry Summit

Date
Start Date: 
Wednesday, September 11, 2013
End Date: 
Thursday, September 12, 2013

Beijing, China:

The 14th annual Wireless China brings together senior representatives as well as key decision makers from government, industry and research communities with a vested interest in wireless. A two day educational program will present attendees with an opportunity to learn and discuss topics related to 4G LTE/TD-LTE, Wi-Fi, Radio Spectrum, Public Safety Broadband, Wireless LAN, Bluetooth and ZigBee connectivity plus much more. An accompanying exhibition showcases new products and allowed potential business partners to meet.

SingTel profit slumps 33% on Warid Pakistan losses

Singaporean telecoms incumbent SingTel has reported a sharp fall in quarterly profits owing to losses booked on the sale of its stake in Pakistani operator Warid.

The operator said net income dropped by 33%, to S$868 million ($696 million), for the three months ending March 2013 due to the loss of S$225 million resulting from the sale of Warid.

Comparison with results in 2012 also looked unfavorable due to an exceptional tax credit of S$270 million booked in the final quarter of the previous financial year.

Asia smart-grid revenues to grow threefold by 2018: Frost & Sullivan

Asia’s burgeoning smart-grid market is expected to generate $15.83 billion in revenue in 2018, up from just $5.4 billion in 2012, as demand response and energy management systems grow in popularity.

The forecast comes from Frost & Sullivan, which also believes that “Southeast Asia’s desire to switch to smart grids” will fuel smart-grid sales over the next six years.

The market-research company says Asia’s smart-grid market has already been given a huge boost from the rollouts of advanced metering infrastructure in Australasia and smart city projects in North Asia.

Alibaba to invest $294 million in mapping firm Autonavi

Reuters

Alibaba Group, China's largest e-commerce firm, will take a 28 percent stake in digital mapping company AutoNavi Holdings Ltd, part of Alibaba's move to boost its competitiveness by beefing up its product lineup.

Unlisted Alibaba (Hangzhou, China) will invest $294 million to become the largest shareholder in the Chinese-based firm, according to a statement from AutoNavi (Beijing, China) on Friday which confirmed an earlier report from news portal Sina (Shanghai, China).

Exclusive: Softbank asks banks not to finance Dish's Sprint bid

Reuters

SoftBank Corp is playing it rough in its attempt to keep Dish Network Corp from breaking up its $20.1 billion deal to take control of Sprint Nextel Corp.

The Japanese telecom company, which owns 33 percent of Alibaba Group Holding Ltd (Hangzhou, China), has told banks that their financing of Dish's $25.5 billion rival offer for Sprint (Overland Park, KS, USA) could hurt their chances of landing a role in a highly anticipated public offering of the Chinese e-commerce giant, two sources familiar with the situation said.

China Mobile beefs up supervision after audit finds accounting problems

Reuters

China Mobile Ltd, the world's biggest mobile operator by subscribers, said its unlisted parent is beefing up its internal supervision after a government audit office highlighted problems in accounting practices and internal management.

The report by China's National Audit Office comes at a time when the new Chinese leadership led by President Xi Jinping has made tackling corruption a top priority, warning that the problem is so serious it poses a threat to the party's survival.

Reliance beats earnings expectations on one-off gains

India’s Reliance Communications has beaten earnings expectations for the fourth quarter thanks to an increase in revenue from one-off gains.

The operator – controlled by Indian billionaire Anil Ambani – said that net income fell to INR3.03 billion ($55.2 million) in the fourth quarter from INR3.32 billion in the same period last year, with revenues up 12% to INR59.56 billion.

Analysts polled by Reuters had been expecting net income of INR1.29 billion on revenues of INR53.47 billion.

Australia 4G auction raises A$2 billion

Australia’s auction of spectrum for use with 4G services has raised a total of A$2 billion ($2.01 billion) for government coffers, according to a statement from the country’s telecoms regulator.

Announcing the results, the Australian Communications and Media Authority revealed that incumbent operator Telstra (Melbourne, Australia) had spent the most on frequencies, coughing up more than A$1.3 billion for 40MHz of 700MHz spectrum and 80MHz in the 2.5GHz band.

Softbank to meet Sprint investors, many eye higher bid

Reuters

SoftBank Corp President Masayoshi Son may get a frosty reception when he comes to the United States this week to meet Sprint Nextel Corp's major shareholders, as he tries to drum up support for the Japanese company's proposed takeover of the No. 3 U.S. wireless service provider.

Telecom Italia to put off decision on Hutchison talks: sources

Reuters

Telecom Italia's board is likely to put off making a decision this week on whether to open formal merger talks with Hutchison Whampoa, as key shareholders are divided on the issue, sources with knowledge of the situation said.

The board is due to meet on Wednesday to consider the latest financial results and to hear from a panel of directors that was set up last month to determine whether it should pursue a proposal to acquire Hutchison's Italian mobile business and for Hutchison (Hong Kong) to take a near 30 percent stake in Telecom Italia (Rome, Italy).

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