Investments in Asian ‘smart cities’ are set to grow from about $55.6 billion in 2013 to around $260 billion in 2020, according to research from Zpryme.
The dramatic growth represents a huge opportunity for utilities and technology vendors and is prompting some of Asia’s electronics giants to put smart cities at the forefront of their strategies.
China’s CITIC Telecom has paid $1.16 billion to acquire a 79% stake in Macau’s largest telecoms operator from Cable & Wireless Communications (C&W) and Portugal Telecom.
State-backed CITIC (Hong Kong) already held a 20% stake in Companhia de Telecomunicacoes de Macau (CTM) but was eager to gain control of the growing business.
India's Supreme Court allowed on Monday mobile phone carriers, whose permits were due to be revoked this week as per an earlier court order, to continue services until it hears the case next on February 4, a lawyer on the case said.
India's telecommunications ministry had argued before the court that allowing the carriers to operate until the next airwave auction, due in March, will help generate more interest in the auction after the government failed to sell all available spectrum in an auction last November.
Japan's Softbank Corp <9984.T> is in final talks to sell its stake in eAccess Ltd, representing around 67 percent of voting rights, to Samsung Electronics Co <005930.KS> and 10 others, a source with direct knowledge of the matter told Reuters.
The sale would ease concerns that Softbank (Tokyo, Japan) could hold a monopoly on spectrum allocation designated by Japan's Communications Ministry, the source said.
Indian government officials are set to meet with Vodafone executives next week over a demand for unpaid taxes stemming from the UK-based operator’s original entry into the Indian market, reports Dow Jones Newswires.
Authorities have long insisted that Vodafone (Newbury, UK) owes in excess of $2 billion on its acquisition of a controlling stake in India’s Hutchison Essar in 2007, and sent the company another tax bill earlier this month.
South Korean mobile-phone operator LG Uplus has been reported to the country’s telecoms watchdog by rival Korea Telecom (KT) for allegedly signing up customers illegally, according to a report from the Yonhap News Agency.
“KT [Seoul, South Korea] has submitted a report to the Korea Communications Commission (KCC) requesting a strict measure on LG Uplus [Seoul, South Korea], which has been receiving subscribers through illegal means despite its business suspension stemming from excessive subsidy payments,” said KT in a press release.
Indian ministers have urged a 50% cut in reserve pricing for CDMA airwaves due to be auctioned in March, reports Reuters.
A panel of ministers told India’s cabinet, which has the ultimate say on spectrum pricing, that fees should be lowered by 30–50%.
A frequency auction in November raised less than a quarter of the INR400 billion the government was targeting, with CDMA airwaves going unsold.
Due to begin on March 11, the next auction is set to include GSM airwaves worth up to INR200 billion, plus a number of CDMA concessions.
South Korea’s operators have launched joyn services in a bid to reclaim ground lost to ‘over-the-top’ (OTT) players, although there is some confusion over whether services are yet interoperable between the three companies.
In a press release on its website, SK Telecom (Seoul, South Korea) said that customers can now make use of joyn services like ‘Rich Call’ and ‘Rich Messaging’ – under the joyn.T brand – allowing images to be exchanged during voice calls and SMS to be used with more instant messaging features.
A major Iranian partner of Huawei Technologies offered to sell at least 1.3 million euros worth of embargoed Hewlett-Packard computer equipment to Iran's largest mobile-phone operator in late 2010, documents show.
Swedish telecoms incumbent TeliaSonera has beefed up its business in Kazakhstan with the $170 million acquisition of WiMax operator Alem Communications and purchase of a minority stake in KazTransCom, a backbone network operator, for a fee of $35 million.
The transactions will help to bolster the position of Kcell (Almaty, Kazakhstan), TeliaSonera’s Kazakh subsidiary, which recently completed an IPO in London and Kazakhstan.