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Articles tagged with: Telekom Malaysia
Indonesia's XL Loses 1 Million Customers
Indonesia's PT Excelcomindo Pratama (XL) has reported a drop in its subscriber base by around a million customers during the first quarter. The company put this down to a decision to raise the purchase price of its prepay SIM cards. more
Related Tags: pt-excelcomindo-pratama, xl, axiata-group, prepay, sim-card, iden, tim, itu, sim, excelcomindo, telekom, Indonesia
Vodafone Rebrands its Ghana Subsidiary
Ghana Telecom has been rebranded as Vodafone Ghana and launched a brand new website. After buying a 70 per cent shareholding in the Ghana Telecommunication Company in August 2008, partnering with the Government of Ghana, Vodafone says that it has made significant investments to improve the performance and to expand the capacity of its networks. Vodafone has also signed a multi-million dollar deal with Huawei Technologies to bring its 3G network services to the Ghanaian market. more
Related Tags: 3g, sim, huawei, vodafone, telenor, vodafone-ghana, telekom, Ghana
WiMAX in Malaysia to Generate $1.4 Billion by 2013
A report from Strategy Analytics is forecasting that in five years Malaysia's WiMAX market will grow from virtually a standing start to more than 1.5 million subscriptions generating $1.4 billion in revenue. more
Related Tags: analytics, wimax, rcom, strategy-analytics, maxis, telekom, Malaysia
TM International 2Q Net Profit MYR367 Million, Down 37.6%
KUALA LUMPUR -(Dow Jones)- Malaysian cellular phone company TM International said Tuesday its second quarter net profit fell 37.6% on higher interest costs following its demerger from parent Telekom Malaysia in April. more
Related Tags: seven, telekom, Malaysia
Telekom Malaysia Sells Guinea Investment for Just $1
Telekom Malaysia has sold its entire stake in Guinea based Sotelgui to the Guinea government for a token US$1. Telekom Malaysia held 60% of Sotelgui, while the government owned the remaining 40%. Now that the government has taken sole ownership, it is expected to seek a different partner to invest in the firm. more
Second Bangladeshi Operator Plans Stock Market Listing
Bangladeshi mobile phone network operator, AKTEL has confirmed that it still intends to list its shares on the local stock market. The company is 70% owned by Telekom Malaysia International and the 30% remaining is currently in the process of being sold by A.K. Khan to Japan's DoCoMo for around US$350 million. more
Related Tags: docomo, grameenphone, banglalink, aktel, teletalk, telekom, dhaka, Bangladesh
Talks Stall Over Spice India Buyout
Plans by India's Idea Cellular to take a controlling stake in rival operator, Spice Communications are reported to have stalled over a dispute about the price being offered. Investment banking sources told the Business Standard newspaper that B K Modi had asked for Rs 70 a share - but India is reluctant to pay over Rs 60 per share. more
Related Tags: etisalat, idea-cellular, telekom, spice, India
IN DEPTH: Telecom Malaysia International Q1 2008 Results
TM International, the former mobile arm of Telekom Malaysia, has reported results independently for the first time, despite only having been demerged from the parent company at the end of April. Telekom Malaysia has been preparing for the spin-off for some time, transferring all of the relevant assets into the TM International division, including domestic mobile concern Celcom, before issuing paper in the new company to its own shareholders. This demerger process was completed on 25th April and trading began on the new TMI stock on the Bursa Malaysia on 28t h April. After initially trading at just over RM7,500 the share price has stayed very steady, with a maximum variation of around 7%. more
Related Tags: m1, roaming, xl, banglalink, celcom, seven, telekom, spice, Malaysia
DoCoMo Bidding for Stake in Bangladesi Operator
Japan's DoCoMo is reported to have offered to buy the 30% stake in Bangladesh's Aktel which is currently owned by AK Khan, a privately owned textiles-to-telecoms company - and has been valued at around US$300 million. The move may be bad news for Vodafone which has previously reported to be negotiating to enter the Bangladeshi market through an acquisition of the same stake. more
Related Tags: docomo, grameenphone, banglalink, aktel, teletalk, Bangladesh
Fitch Afirms Sri Lanka's Dialog Telekom Debt at AAA(lka)
Fitch Ratings has affirmed Dialog Telekom's National Long-term rating at 'AAA(lka)'. The Outlook is Stable. Fitch has also affirmed the rating on Dialog's outstanding preference shares of LKR5 billion at 'AA+(lka)'. more
Related Tags: fitch-ratings, driving, fitch, Sri Lanka