Kazakh operator Kazakhtelecom and Tele2 enter into SEK 550 million deal
www.WirelessFederation.com/news: Kazakh operator Kazakhtelecom and Tele2 entered into a SEK 550 million deals under which the latter will acquire a 51 percent stake in the former, operating under the brand name Neo in the local market.
Tele2 is committed to pay around SEK 360 million once the transaction is completed.
After consolidation, Neo could benefit from Tele2′s brand marketing and product strategies. Relaunch the operator with a new marketing campaign within the next year has been planned by Tele2.
At present, Neo is the third operator on the market with around 380,000 subscribers or an about 7 percent market share. Neo’s target has already been planned by Tele2 which wants it to grab at least 20 percent of the market share within four years of the relaunch. The plan also includes EBITDA breakeven within 2-3 years and capex of SEK 2.4-2.6 billion in the period 2010-2103.
Verizon Wireless Tops Technology Business Research’s 2Q06 NBQ U.S. & Canada Mobile Operators Benchmark
HAMPTON, NH–(MARKET WIRE)–Oct 10, 2006 — Verizon Wireless scored highest among the U.S. carriers in TBR’s 2Q06 NBQ U.S. & Canada Mobile Operators Benchmark, replacing Sprint Nextel at the top of the rankings. The company finished second in two out of three categories, Go-to-Market & Product Strategies and Resource Management Strategy, and third in Financial Model Strategy. Furthermore, Verizon Wireless finished in the top three in 13 out of 26 operational and financial metrics TBR tracks in the NBQ U.S. & Canada Mobile Operators Benchmark.
Verizon Wireless continues to increase its market share of the most lucrative market segment, postpaid retail, adding 1.7 million postpaid net additions in the quarter while posting another quarter of record low churn. Sprint Nextel’s second-place performance was driven by favorable year-to-year comparisons, while Cingular posted significant improvement in benchmark results compared to the prior quarter. ALLTEL received the highest score among regional U.S. carriers, while TELUS Mobility scored highest among Canadian operators.
Commenting on the 2Q06 benchmark results, TBR Analyst John Byrne said, “As overall industry growth slows, wireless carriers will need to rely on defections from other carriers for a larger proportion of new customers. Verizon Wireless is clearly in the dominant position to poach customers from its competitors, particularly if its plan to eliminate fixed penalties for early contract termination is matched by other operators.”
Source- http://biz.yahoo.com
