New Zealand’s Chorus has issued a stark warning that new pricing regulation could slash NZD180 million ($148 million) off its annual earnings in future and hinder the take-up of new fibre-based broadband services.
The operator, which was carved out of Telecom Corp of New Zealand (Wellington, New Zealand) last December, owns most of New Zealand’s copper-line networks and provides wholesale fixed-line and broadband services over this infrastructure.
The Asia Communication Awards are back for their third year, and promise to be even bigger and better! The Awards recognise the achievements of Asian telecoms companies and the individuals responsible for the innovations, achievements and great new services that are helping to build tomorrows industry.
Far from fearing the coming investment from Europe's telecom giants into superfast broadband, smaller cable firms believe they will still beat the big guns to the trigger.
Cable operators Liberty Global (Amsterdam, Netherlands), Ziggo (Utrecht, Netherlands), Kabel Deutschland (Unterfoehring, Germany) and Virgin Media (Hook, UK) have already stolen a march on their less nimble rivals, winning customers and investors with their expansion into broadband.
Weaker sales and the rising cost of device subsidies triggered declines in third-quarter revenues and net income at Maxis, Malaysia’s biggest telecoms operator.
While revenues dropped 1.2%, to 2.21 billion ringgits ($723 million), compared with the same period of 2011, net profit was down an alarming 17.7%, to 443 million ringgits.
Maxis (Kuala Lumpur, Malaysia) faces particularly aggressive competition in the mobile-phone sector and has been forced to cut prices and increase device discounts to attract and retain customers.
South Africa’s Shanduka Group has paid $335 million for a stake in MTN Nigeria, the West African country’s largest mobile-phone business.
Describing itself as a black-owned and managed investment holding company, Shanduka (Sandton, South Africa) has acquired the stake from three private investors but not disclosed how much of MTN Nigeria it now owns.
The operator is majority owned by South Africa’s MTN Group (Johannesburg, South Africa), which holds a 78.83% stake in the company.
In what could be a blow to the European ambitions of Egypt’s Naguib Sawiris, Telecom Italia says it will not bid for GVT, Vivendi’s Brazilian phone business, according to Italy’s Il Sole 24 Ore newspaper.
Billionaire Sawiris this week confirmed that he would attempt to buy a stake in the Italian incumbent through a cash injection of €3 billion ($3.9 billion), but Telecom Italia (Rome, Italy) had previously hinted at a lack of interest unless it decided to proceed with a bid for GVT (Curitiba, Brazil).
Egyptian tycoon Naguib Sawiris is used to ruffling feathers and making headlines.
He was up to both on Tuesday, provoking shareholders at Telecom Italia (Rome, Italy) with proposals to make himself a significant shareholder at half the price they might want, while the political party he co-founded prepared for protests against Egypt's president.
Telefonica is weighing up whether to sell shares in its Latin American operations on the New York Stock Exchange, according to a report in Spain’s Expansion newspaper.
The various subsidiaries would be grouped into a Spanish holding company for trading sometime next year, reports the paper.
An IPO would help Telefonica (Madrid, Spain) to reduce its substantial pile of debt, which has continued to grow in recent years as the Spanish incumbent has expanded its international operations.
Oman has awarded a fixed-line telecoms license to a partnership between PCCW International and Awaser Oman Co, according to a statement filed by the country’s regulatory body.
The license covers the greater Muscat area – home to about 700,000 of Oman’s 2.8 million people – and is valid for a period of 25 years.
PCCW International (Hong Kong) and Awaser Oman Co (Muscat, Oman) will be able to provide both fixed-line voice and data services.
Magyar Telekom expects a new tax approved by Hungary’s parliament on Tuesday to cost it between HUF9 billion ($41 million) and HUF11 billion a year from 2013 onwards.
Hungarian authorities have levied a charge of HUF125 per meter on the owners of ducts that support electricity, telecoms, natural gas, heating, water and wastewater services.
Telecoms operators must pay 20% of the per-meter rate for the first 170,000 meters, 40% for the next 80,000, 80,000% for the 50,000 after that and the full rate for anything in excess of 300,000 meters.