Mobile-8, Smart join hands to form SmartFren (Indonesia)
www.WirelessFederation.com/news: Indonesian telcos Mobile-8 Telecom and Smart Telecom have joined hands to work under a new brand name SmartFren. Mobile-8 Telecom currently markets its services under the banner Fren. The signing of the agreement between the two companies has been confirmed by Mobile-8 corporate secretary Chris Taufik in an Indonesia Stock Exchange transparency report.
Cost efficiency in each entity in several joint activities including promotions has been one of the considerations for the cooperation agreement between the two firms and both the companies are hopeful that their subscribers’ base will double by the end of this year as a result of this tie-up.
Mobile-8 had three million subscribers as at December 31, 2010, compared to 2.5 million subscribers for Smart Telecom.
Rev B launched in Bali by Smart Telecom
www.WirelessFederation.com/news: World’s first CDMA2000 1xEV-DO Rev B network has been deployed by Indonesian mobile operator Smart Telecom in Bali. The new network boasts of maximum download speeds of 9.3Mbps and 5.4Mbps in the uplink.
The telecom operator plans to upgrade the majority of its networks to Rev B by 31 December 2010. Rev B enabled datacard services will be made available to the laptop users for the purpose of commercial launch.
Digiwebs take over releases Smart Telecom of examinership
Smart Telecom, an Irish based telecom operator announced to exit examinership status on December 11, 2009 after the company is acquired by other operator Digiweb. Examinership status is a process by which the protection of the courts is obtained to assist the survival of an Irish limited company.
Ireland’s highest court has already approved of the merger of the two companies. The aim of the deal is to restructure Smart’s balance sheet as well as the transfer of its residential and business customer base to services provider Digiweb.
Though Smart Telecom will become part of the enlarged operation, it will still retain its brand name in the short term in a deal combining two EBITDA-positive businesses with annual revenues of close to EUR40 million and more than 150 staff.
The enlarged company formed by the merger of Smart Telecom and Digiweb will have a total subscriber base of 46,500 business, residential, corporate and government customers for broadband, data and telephony. Besides, the company will also have over 48,000 webhosting, domain and data centre clients.
Smart Telecom starts strategic review as H1 sales fall 15%
Irish operator Smart Telecom has started a strategic review of its operations, after reporting a 15 percent slide in first-half sales and an end to its cash resources. In a trading update at its AGM, it also announced that CEO Oisin Fanning is stepping for health reasons. Chief operating officer Ciaran Casey will head the strategic review, which will focus on orienting the company more towards profitable growth areas. The operator has currently 16,500 broadband customers, up from 12,000 at the end of May, but reiterated that the process of provisioning remains slow and the number of sales staff has been reduced. While losses for the full year are expected to be in line with market expectations, the company’s cash resources have run out and it is reliant on its main shareholder for working capital and long-term financing. Earlier this year the company said it does not expect operational breakeven until mid-2007. NCB Corporate Finance has been appointed as advisor for the strategic review, focusing on possibilities for long-term financing.
Source- http://www.telecompaper.com
Technorati : Ireland, Mobile, Smart Telecom
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