Nokia signs $300 million deal with Indian telco Aircel
www.WirelessFederation.com/news: Telecom network equipment maker Nokia Siemens has signed a $300 million gear and services deal with Indian telco, Aircel. The deal is NSN’s second biggest one in a massive Indian telecom market.
GSM radio, core and microwave network equipment will be supplied and rolled out for Aircel under the deal. The company would also manage Aircel’s network for four years.
Aircel is controlled by Malaysia’s Maxis and is India’s seventh largest operator.
One-Off gains increases Saudi Telecom profits
www.WirelessFederation.com/news: Due to the capital gains from the floatation of a 25% in the Malaysian subsidiary, a sharp rise in the fourth-quarter profits has been reported by Saudi Arabia based Saudi Telecom (STC). Net profit of SAR2.94 billion (US$785 million), compared to US$309 million a year ago has been announced by the company.
One-off gain of US$182.3 million has also been booked by the company from the sale of 25% stake in Malaysia’s Maxis. However, fell by 16.8% to SAR13 billion (US$3.46 billion), while revenues reached around US$13.3 billion.
Maxis to invest MYR1.6 Bn for network upgradations (Malaysia)
www.WirelessFederation.com/news: Maxis Communications, the Malaysian mobile network operator is planning to invest MYR1.6 billion (USD458 million) for upgrading its infrastructure. According to Mohamed Fitri Abdullah, VP,Maxis’ Enterprise and Career Business Division, the proposed upgrades will be designed to accommodate the rapid uptake of data-centric devices. According to a report, the cellco’s W-CDMA network, launched in May 2005, had covered approximately 65% of the population at the end of 2008.
Abdullah also said that the company was delisted from Malaysia in July 2007. ‘We will make a special announcement on that,’he added.
Maxis group revenues grow on Aircel acquisition
Malaysia’s Maxis Communications group saw its revenues and net income grow in the first half of the year. Group revenues totalled MYR 3.62 billion, up from MYR 3.1 billion in the first half of 2005. Net income rose 16 percent to MYR 960 million, from MYR 831 million in H1 2005. EBITDA rose 6 percent to MYR 1.84 billion but the EBITDA margin dropped 5.1 percent to 50.9 percent due to start-up costs of Natrindo Telepon Seluler in Indonesia, lower mobile termination fees as well as higher sales and marketing costs. Growth was driven by performance in the Malaysian market, as well as the contribution from newly acquired Aircel, a mobile operator in India. Aircel contributed MYR 234 million to revenues and added 3.2 million subscribers to the group’s total of 11.7 million mobile customers. Maxis Communications set a gross dividend of MYR 0.1042 per share.
Source- http://www.telecompaper.com
Technorati : Maxis Communications, Mobile
Ice Rocket : Maxis Communications, Mobile
