Siano Mobile Silicon (www.siano-ms.com), the world’s leading supplier of digital mobile TV receiver chips, announced today that it has completed a $20 million expansion capital financing round. The round was led by leading Israeli venture capital fund, Jerusalem Venture Partners (JVP). The proceeds of the current round will be used for expanding the Company’s innovative product line as it extends its geographic presence in the emerging North American mobile ATSC (Advanced Television Systems Committee) market.
With approximately 50% market share in China and Latin America for chipsets that allow the reception of digital TV on mobile, portable and hand-held devices, Siano is the de-facto leader of the digital mobile TV market in these regions.
JVP, an investor in Siano since its inception, is a leading Israeli venture capital fund, managing over $850 million in assets. JVP was recently voted best venture capital firm in Israel and one of the top three in Europe by Private Equity Magazine.
“The whole concept of TV viewing is evolving,” said Alon Ironi, CEO of Siano. “Today, TV consumers seek constant access to their favorite TV content – irrespective of the medium, their location or device. As more and more consumers use smartphones and tablets to watch their favorite content, our technology is going to become increasingly important.”
North American broadcasters are now preparing to deploy mobile ATSC, and, with market experts estimating an installed base of roughly 70 million tablets in the US within two years, the U.S. market serves as a natural extension to our strong position in other markets. Over the last few weeks, we have been finalizing our new line of innovative solutions to meet the unique needs of the U.S. market, and the new funds will be used to implement these plans,” added Ironi.
Gadi Tirosh, a General Partner at JVP, will be joining Siano’s Board of Directors as part of the round. “JVP has been an investor in Siano from its inception through its present rapid growth phase,” said Tirosh. “The current round is directly in line with our strategy of actively supporting our most promising companies, as we build them into prominent international entities. Over the last 4 years Siano has evolved into a major force in the digital mobile TV space, taking the lead in both China and Latin America, and we view the company’s expansion into the North American market as a major step in its ongoing growth and diversification strategy”.
Mr NaLamlieng was appointed a non-executive and independent Director in 2002 and has been Chairman of the Board since 2003. He was President
of Siam Cement for 13 years before stepping down in 2005 and his career there spanned more than 30 years.
According to Mr Kai Nargolwala, Lead Independent Director, the Group has indeed been fortunate to have benefited from Khun Chumpol’s vast experience and understanding of the business environment in Asia. His acumen and insights have been instrumental in guiding the SingTel Group through its journey of transformation and helping to reinforce its position as Asia’s leading communications group, particularly through periods of severe economic downturn as in the recent past.
Mr Israel, a non-executive and non-independent Director of SingTel since 2003, has been appointed by the Board to take over as Chairman. He will retire as Executive Director, President and Board Member of Temasek Holdings, effective 1 July 2011. Other changes to the Board In addition, Mr Graham John Bradley AM and Mr Nicky Tan will be stepping down as non-executive and independent Directors after the AGM. Mr Bradley has been a
Director since 2004 and Mr Tan, since 2002.
Broadcom is expected to pay around US$41.9 million, net of cash assumed, to acquire all of outstanding stock and other equity rights of Square.
DigiMo has launched its mobile payment platform. The service requires no hardware or software modification at either the POS or mobile device itself, whether cell phone, tablet computer, or smartphone.
It is ready for immediate deployment worldwide. Consumers who register for the service online, and supply their preferred billing method and phone number, will receive a PIN, after which they can pay at any participating retailer.
The service targets online companies, credit card companies and mobile operators who plan to launch a wide-scale mobile payment service at multiple retailers without requiring POS integration at each one.
DigiMo’s platform integrates customer loyalty programs, coupons and interactive discounts. Telecoms operators, credit card companies, and financial institutions can white label DigiMo as a value-added service.
According to reports, the court accepted the request by Google for a new auction. Kingston Technology won the original auction with a bid of US$5 million, while Google submitted a late bid of US$7 million.
Judge Eitan Orenstin dismissed Kingston’s objections against the new auction and ordered Nov to announce the new auction in both the Israeli and foreign media. He said that if he had been asked to approve the sale of modu’s patents to Kingston on the basis of the previous auction, he would not have do so because the auction was inadequate.
Kensington submitted the only bid in that auction. Orenstin ruled that there was no evidence that Google knew about the previous auction. He gave Nov 21 days to hold the new auction, which will be open to new bidders. Current bidders for modu’s patents are Kingston, Google, Silver River of the US, and Wi-Lan of Canada.
The net loss included restructuring and other charges of approximately US$7.1 million related mainly to employee termination expenses and vacating office space. As of March 31, 2011, cash, cash equivalents and investments totaled $69.2 million.
According to Eran Gorev, President and CEO of Alvarion, during Q1 they completed a difficult but successful restructuring which lays the foundation for sustained profitability. Their backlog of orders and pipeline of business opportunities indicate that they are on track to achieve their goal of profitability from Q2 onward. They also have a significant amount of business to ship before the end of the second quarter and remain vulnerable to potential delays, as they are in any quarter. They are pleased with their progress and generally confident about achieving their strategic goals.
France Telecom and its Orange licensee in Israel, Partner Communications, have altered their royalties agreement to reflect more accurately France Telecom-Orange’s provision of marketing assistance and support with devices.
The licence agreement, entered into on 14 September 1998, with the Orange Brand Services unit, provided for a royalty review period from 1 July 2012 to 30 September 2012 to be applied for five years starting 1 July 2013. The amendment means that Partner will pay royalty fees to Orange before 1 July 2013.
Royalties payable will be based on a percentage of Partner’s revenues from the provision of services offered under the Orange brand. The Amendment provides for agreed royalties for a period of 15 years, commencing on 4 July 2011, subject to the establishment of a mutually acceptable procurement arrangement.
If a mutually acceptable procurement deal is not reached, the amendment will terminate and the original agreement will remain in effect, with the two operators to negotiate the terms of the royalties during the originally agreed period. The Amendment also provides that Partner may terminate the Amendment by not less than 3-months notice at any time before the second anniversary of the Amendment.
While other firms have tapped into the religious market by offering phones free of internet access, with no email or access to Facebook which could lead users into temptation, none has so far offered its services in Yiddish. The phone has no text messages, internet access, Facebook, email or camera.
According to reports, all the menus are in Yiddish, the traditional German-derived language still widely used by ultra-Orthodox Jews, with the local market estimated at between 350,000 to 400,000 people.
Local importer Accel Telecom stated that it took four months for a pair of ultra-Orthodox translators to come up with the interface which is written in Hebrew characters and uses words such as “Klingen” (ringtone) and “Schirm Verteidikung” (screensaver). To win rabbinical approval for the device, which is based on an Alcatel T-701 handset, Accel had to first prove that tech-savvy users would not be able to work their magic to circumvent the safeguards and succumb to sin.
Apple is now offering the iPad 2 tablet PC in Japan. iPad 2 features a 9.7-inch LED-backlit LCD screen, dual-core A5 processor, two cameras, a front-facing VGA camera for FaceTime and Photo Booth, and a rear-facing camera that captures HD video, bringing the FaceTime feature to iPad users. iPad 2 delivers up to ten hours of battery life.
iPad 2 with Wi-Fi will be available in Hong Kong, India, Israel, Korea, Macau, Malaysia, Philippines, Singapore, South Africa, Turkey and UAE on 29 April. The suggested retail price for the device is US$499 for the 16GB model, US$599 for the 32GB model and US$699 for the 64GB model.
iPad 2 with Wi-Fi + 3G will be available for a suggested retail price of US$629 for the 16GB model, US$729 for the 32GB model and US$829 for the 64GB model.
iMovie and GarageBand for iPad applications are available for USD 4.99 each from the App Store on iPad or itunes.com. The Smart Cover is available in a range of colours in polyurethane for US$39 or rich leather for US$69. iPad 2 will be available at Apple retail stores, select Apple authorized resellers, and online through the Apple Store. In addition, iPad 2 with Wi-Fi will be available in China beginning 6 May.
The ministry published its decision on nationwide roaming, which regularizes the obligation of current mobile carriers to allow the two newly approved carriers to use their networks. The ministry reportedly decided that the roaming will be one-way.
Current carrier Mirs Communications, which is also one of the winners in the tender, wanted a “ping pong” model, which would allow its roaming subscribers to switch to a host network and switch back when returning to an area covered by it.