first_imgHome China Mobile gets foothold in Thailand with True stake China MobileFinancialThailandTrue China Mobile reached a deal to acquire an 18 per cent stake in Thailand’s third-largest operator True Corp, for around $880 million.CMI Holdings, a subsidiary of China Mobile, entered into a share subscription agreement with True and signed a related cooperation memorandum with the Thai company. CMI Holdings is to subscribe to 4.43 billion True shares, priced at THB6.45, for a total of THB28.57 billion.In a separate stock exchange filing, True said it plans to raise $1.1 billion in a rights issue. The company will offer 5.65 billion shares priced at THB6.45, 13 per cent below the share price when trading stopped following the announcement, according to Bloomberg.True is looking to raise funds to cut debt and finance the rollout of 4G services. The company had been considering an ‘infrastructure fund’ IPO to raise funds, in which it would sell infrastructure assets and lease them back to provide the fund with steady revenue.At the end of the first quarter, True had 23.1 million connections, according to GSMA Intelligence figures. This put it in third place in Thailand behind market leader AIS, which had 42.4 million connections, and Telenor-owned DTAC on 28.2 connections.China Mobile, which is the world’s largest mobile operator in terms of subscribers and connections, first expanded outside its home market in 2007, when it acquired control of the Pakistan unit of Millicom International for £284 million. The Zong brand now has 25.6 million connections, making it the third-largest operator in Pakistan.An agreement for China Mobile to acquire a stake in Taiwan’s Far EasTone was ditched in April last year after regulatory hurdles proved too difficult to overcome. Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter… More Read more AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 10 JUN 2014 Previous ArticleMAE looks to ride Asia’s mobile waveNext ArticleIliad makes bid for Bouygues, but short of the asking price – report Related China Mobile revenue climbs on 5G handset growthcenter_img China operators lose NYSE delisting appeal Tags China Mobile mulls mainland listing Asia Author Tim Ferguson last_img read more

first_img Richard Handford Previous ArticleTele2 undecided on LTE 450 in EstoniaNext ArticleSamsung refreshes mid-tier A series Author Español Tags Telefonica Deutschland, Germany’s largest operator, will start to pull together its network with that of E-Plus, which it acquired from KPN in 2014, to form a single infrastructure from January next year.The process will start with the integration of the operators’ respective 2G and 3G networks, with 4G to follow in mid-2016.Telefonica Deutschland closed the acquisition of smaller rival E-Plus in October 2014 and has only now announced plans to combine infrastructures, although national 3G roaming did start in May this year.The acquisition created the country’s largest operator in terms of mobile connections ahead of T-Mobile and Vodafone. Now Telefonica Deutschland wants to match its rivals on network quality too.“We’re talking about a major technical project that’s unique in Europe and will contribute as expected to the synergies we have promised the market,” said Markus Haas, chief operating officer of Telefónica Deutschland.The aim is also to provide the best possible network experience for the combined operator’s base of 42.5 million mobile connections (GSMA Intelligence, Q3, 2015).The network integration in 2016 will focus on more densely populated urban areas, with the aim of delivering benefits to as many consumers as quickly as possible.In the first year, Telefónica Deutschland aims to reach more than 60 per cent of the population with its new, integrated network. The project is expected to take five years to complete.In an interview a year ago CEO Thorsten Dirks set 2017 as a target when the new entity will have parity with its two rivals in terms of network performance.The operator touted an award from October this year for best 3G coverage following the introduction of roaming in May.Network integration usually involves some disruption but the operator says it can minimise consumer discomfort. In the last few months, the first localised test runs gave useful findings for the further integration.Telefonica Deutschland said it can convert individual transmitter stations “within a few hours” and fully implement merger of the two networks in a given area “within a week”. AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 02 DEC 2015 Relatedcenter_img Vodafone, Safaricom beat MTN to Ethiopia licence T-Mobile US readies 5G FWA business move Las operadoras respaldan el papel de Qualcomm en la RAN abierta Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including… Read more Home Telefonica Deutschland plays two-into-one game with E-Plus E-PlusT-MobileTelefonica DeutschlandVodafonelast_img read more

first_img Pinterest WhatsApp By News Highland – April 23, 2019 AudioHomepage BannerNews Pinterest Google+ Important message for people attending LUH’s INR clinic A full Garda investigation is underway into the cause of yesterday’s gorse fires in West Donegal. The fires resulted in widespread devastation, including damage to two homes, a number of vehicles and a vast amount of land.Gardai in Milford are appealing to anyone who was in the Loughanure or Meenmara area in the early hours of yesterday morning and who may have witnesses any suspicious activity to contact them.Garda Charlene Anderson says they are keen to get to the bottom of what happened:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/04/gardagorse1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Facebook RELATED ARTICLESMORE FROM AUTHOR Loganair’s new Derry – Liverpool air service takes off from CODA Facebookcenter_img Twitter WhatsApp Previous articleJohn Quigg takes over as Institute managerNext articleRhys & Caolán Irwin make impressive starts to British Championship campaigns News Highland News, Sport and Obituaries on Monday May 24th Full Garda investigation launched into devastating gorse fires DL Debate – 24/05/21 Arranmore progress and potential flagged as population grows Google+ Twitter FT Report: Derry City 2 St Pats 2 last_img read more

first_imgALEXANDRIA – The Super Eagles conducted their final training session ahead of Saturday’s crunch meeting against defending champions Cameroon with captain John Mikel Obi sitting out the team’s training held at the Arab Academy of Science, Technology and Maritime Transport in Alexandria today.Eagles coach Gernot Rohr had already ruled Obi out of tomorrow’s 2019 Africa Cup of Nations round of 16 encounter against Cameroon when he addressed the press earlier at the pre-match conference held at the Alexandria Stadium.Obi had picked up an injury in the Eagles’ 2-0 loss to Madagascar and was absent from the team’s last open training session on Wednesday but he engaged in some light running around the track although he sat out the main training.Shehu Abdullahi, the other player who Rohr had also ruled out of tomorrow’s tie against the Indomitable Lions, however, trained with the rest of the team as he continued his recovery from the knock that has kept him out of the last two games.Nigeria and Cameroon will renew their long-running rivalry at the AFCON for the first time since 2004 with a place in the quarterfinals at stake.Relatedlast_img read more