industry / IT
Reprieve for banks' IT overhaulBANKS have won a respite from an urgent IT systems overhaul over Christmas due to new financial services legislation.
Australian IT Friday, September 18, 2009NTT to face fresh reforms(Telecompaper) Japan's communications minister Kazuhiro Haraguchi said the new government will "not exclude various options" in the reorganisation of Nippon Telegraph and Telephone (NTT). Past reorganisation efforts mostly focussed on breaking up NTT and calling that reform, Haraguchi said, the Nikkei reports. The comments are interpreted as a change in the approach towards NTT's reorganisation, possibly even re-integrating NTT East and West. NTT said this would be a welcome development. However, rival communications companies said this would not be in the interest of consumers.
dmeurope.com Friday, September 18, 2009Lycamobile inks roaming deal with O2 UK(Telecompaper) European ethnic-focused MVNO Lycamobile and O2 have entered into a roaming contract for the UK market, in what Lycamobile called a "multimillion pound" deal. Lycamobile plans to launch a prepaid Sim card with O2 in the fourth quarter. The company
recently announced the milestone of 1.2 million customers in its first year of operations in the UK. To date, Lycamobile has used the Orange UK network for its MVNO services. The company is developing a multi-network strategy, as earlier this year it added Vodafone to its existing network agreement with T-Mobile in the Netherlands. An Orange spokesman told Mobile News that the company will continue to work with Lycamobile, providing network access and other services.
dmeurope.com Friday, September 18, 2009Palm ships 823,000 smartphones in August quarter(Telecompaper) Palm reported revenues for its fiscal first quarter to 28 August of USD 68.0 million, down from USD 366.9 million a year earlier. The gross profit was a loss of USD 2.8 million, versus a profit of USD 97.3 million, while the net loss widened to USD 164.5 million from USD 41.9 million a year ago. The smartphone maker noted that costs and revenues for its new Palm webOS products, such as the Palm Pre, are deferred and recognised over the product's estimated economic life. Excluding the impact of this accounting, as well as stock-based compensation and other one-time items, Palm reported revenues of USD 360.7 million and adjusted gross profit of USD 100.6 million. The company shipped a total of 823,000 smartphone units during the quarter, representing a 134 percent increase from the fiscal fourth quarter and a year-over-year decrease of 30 percent. Smartphone sell-through for the quarter was 810,000 units, up 76 percent from the fourth quarter and down 21 percent year-on-y
dmeurope.com Friday, September 18, 2009Austria to support broadband expansion with EUR 40 mln(Telecompaper) Austrian minister for infrastructure Doris Bures has unveiled new initiatives to expand broadband networks and broadband applications in Austria. The initiatives aim to support the deployment of superfast broadband in Austria, partnering with all stakeholders, the telecom industry and the Austrian telecommunications regulator RTR. The Austrian government wants to have nationwide coverage of broadband at up to 25 Mbps by the end of 2013. With the new telecom law, a judicial framework for the broadband expansion has been set and the minister has ordered a feasibility study for fibre-optic cadastre, results of which will be published in 2010. Bures also unveiled a support package of up to EUR 40 million for broadband deployment in rural regions and development of new services and applications. Earlier this year, Telekom Austria announced that will it invest up to EUR 1 billion in deploying fibre, replacing the old ADSL technology. The first pilot projects will start before
dmeurope.com Friday, September 18, 2009Burgess back in SydneyPHIL Burgess, Telstra's outspoken former head of public policy, says the Rudd government will destroy Telstra's future.
Australian IT Friday, September 18, 2009Belgian mobile market revenues fall despite seasonal growth(Telecompaper) The Belgian mobile telecommunications market reached second quarter service revenues of EUR 950 million, a 4.3 percent rise compared to the first quarter but a 1.5 percent fall from the year before, a report by Telecompaper revealed. The report, entitled "Belgian Mobile Operators 2009-Q2", showed that annual data revenue growth was not able to compensate for the continuous pressure on prices due to mobile termination and voice roaming price cuts. All operators showed seasonal increases compared to the last quarter, while Base was again the only operator to show service revenue growth year-on-year and increase market share with market leader Proximus losing market share to Base. In terms of mobile subscribers (including MVNOs), the Belgian market increased by only 0.3 percent or 35,000 during the second quarter to reach a total of around 12.3 million. This was the fourth consecutive quarter of slower customer growth compared with year earlier periods. Market penetration r
dmeurope.com Friday, September 18, 2009Comstart-UTS agrees debt restructuring, raises capex(Telecompaper) Comstar-UTS has reached an agreement with Sberbank on the change in repayment terms for the five-year RUB 26 billion ruble-denominated credit facility granted to the operator by the bank in June 2007. The repayments, which amount to RUB 2.2 billion per quarter, were initially scheduled to start on 27 September. However, the first two repayment installments have been postponed until 27 March 2010 and 27 June 2010. The rescheduled repayment plan does not involve an extension of the credit's overall maturity time or an increase in the annual interest rate on the facility. Funds for the repayment of the first two tranches of the credit facility will be placed in Sberbank. In related news, based on the group's operating results for the H1, the Comstar board of directors has approved an increase in the maximum amount of capital expenditure for 2009 from 6 percent to 8 percent of the group's revenues. As previously announced, the investments will be used to connect new subscrib
dmeurope.com Friday, September 18, 2009Belgian mobile market revenues fall 1.5% in Q2(Telecompaper) The Belgian mobile telecommunications market reached second-quarter service revenues of EUR 950 million, a 4.3 percent rise compared to the first quarter but a 1.5 percent fall from the year before, a report by Telecompaper revealed. The report showed that annual data revenue growth was not able to compensate for the continuous pressure on prices due to mobile termination and voice roaming price cuts. All operators showed seasonal increases compared to the last quarter, while Base was again the only operator to show service revenue growth year-on-year and increase market share, with market leader Proximus losing market share to Base. In terms of mobile subscribers (including MVNOs), the Belgian market increased by only 0.3 percent or 35,000 during the second quarter to reach a total of around 12.3 million. This was the fourth consecutive quarter of slower customer growth compared with year earlier periods. Market penetration rose to 114 percent at the end of June, from 1
dmeurope.com Friday, September 18, 2009Comstar-UTS agrees debt restructuring, raises capex(Telecompaper) Comstar-UTS has reached an agreement with Sberbank on the change in repayment terms for the five-year RUB 26 billion ruble-denominated credit facility granted to the operator by the bank in June 2007. The repayments, which amount to RUB 2.2 billion per quarter, were initially scheduled to start on 27 September. However, the first two repayment installments have been postponed until 27 March 2010 and 27 June 2010. The rescheduled repayment plan does not involve an extension of the credit's overall maturity time or an increase in the annual interest rate on the facility. Funds for the repayment of the first two tranches of the credit facility will be placed in Sberbank. In related news, based on the group's operating results for the H1, the Comstar board of directors has approved an increase in the maximum amount of capital expenditure for 2009 from 6 percent to 8 percent of the group's revenues. As previously announced, the investments will be used to connect new subscrib
dmeurope.com Friday, September 18, 2009
Archived it news stories.
Available news archives.