MWC2010: Mobile tech to reshape society in economic crisis, says Vodafone CEO
By Editor on February 17, 2010 · Leave a Comment
www.WirelessFederation.com/news: The role the technology to overcome the global financial crisis became the topic of discussion at the Mobile World Congress for Vodafone Group chief executive Vittorio Colao expressed that mobile technology has the ability to reshape society in the wake of the economic crisis.
According to Colao, machine-to-machine technology which is the ability for devices, in healthcare for example, to connect over the mobile network deployed in a “massive way” in Europe could save 40 billion Euros and 110 million tonnes of CO2 emissions, equivalent to the emissions from the country of Belgium.
In Barcelona, along with 15 other mobile operators Vodafone too supported a wholesale platform for mobile applications that allows developers a single point of access to more than $3 billion mobile customers. The move is a challenge to Apple’s dominance in the application space which has seen mobile operators lose control of the content pumped across their networks.
According to Alcatel Lucent chief executive Ben Verwaayen, consumers will need retraining from the expectations of the all-you-can-eat model to different prices for quality of service.
Filed under Mobile · Tagged with Alcatel-Lucent, Apple, Barcelona, Belgium, Economic Crisis, Europe, Mobile Application, Mobile World Congress, MWC2010, Vodafone
Parallax Capital submits highest bid for PLDT stake
By Editor on December 11, 2006 · Leave a Comment
Singapore-based Parallax Capital Management has submitted the highest bid for the Filipino government’s 46% stake in Philippine Telecommunications Investment Corp (PTIC), a holding company that owns close to 14% of national PTO Philippine Long Distance Telephone (PLDT). The Department of Finance yesterday reported that Parallax Capital Management offered PHP25.2 billion (USD509.3 million) for the government’s 111,415 shares in PTIC, topping a rival bid of PHP24.9 billion put forward by Pan Asia Presidio Capital. Parallax Capital is part of Parallax Venture Fund which was founded in 1999 to take advantage of investment opportunities in Asia in the wake of the economic crisis of 1997. It focuses on private equity, overlay management, and venture capital. PTIC’s other shareholder is Hong Kong-based conglomerate First Pacific Holdings, headed by PLDT chairman Manuel Pangilinan. Under the terms of reference, the winning bidder should pay the purchase price in one lump sum within 30 days from the execution of the share purchase agreement.
Source- telegeography Wireless Mobile Telecom
Filed under Mobile · Tagged with Economic Crisis, Hong Kong, Share Purchase Agreement, Singapore