By Editor on December 6, 2010 · Leave a Comment
Wataniya Palestine Mobile Telecommunications Public Shareholding Company, the second Palestinian mobile phone operator, announced that subscription for its Initial Public Offering of shares had successfully closed.
The offer is at least 1.5x oversubscribed with strong demand from retail investors in Palestine and a broad base of international institutional investors predominantly from Europe and the Middle East. A formal announcement on subscription levels will be made once the subscription has been audited in-line with regulatory requirements.
Dr. Mohammad Mustafa, Chairman of Wataniya Mobile, commented: Today’s announcement is a significant moment in Wataniya Mobile’s history. The fantastic support, which we have seen from Palestinian investors and from Arab and international investors, provide us with a firm foundation for our future as a listed company.â€
Dr. Bassam Hannoun, Chief Executive Officer of Wataniya Mobile said: The IPO saw high levels of demand in Palestine and beyond, which has resulted in the offer being oversubscribed. The level of interest from investors is an endorsement of the growth opportunity Wataniya Mobile represents. We are particularly proud that so many Palestinians have chosen to share in our future success.â€
The key details of the Offer were as follows:
• The Offer comprised 38.7 million new shares, representing 15% of the Company’s authorized share capital
• The shares were offered at a fixed offer price of US$1.30 per share
• Proceeds raised in the Offer will be used for general business and operational purposes, and to assist the funding of the balance of fees payable under the Company’s operating license
• Based on the Offer Price, the market capitalization of the company is expected to be approximately US$335.4 million
• An announcement on final allocations is expected in mid-December, with the listing on the Palestine Exchange in early January 2011
By Editor on December 3, 2009 · Leave a Comment
www.WirelessFederation.com/news: Want to access emails, internet, social networking sites and other applications from your BlackBerry smartphones but stopped by the lack of flexibility of a prepaid subscription. Not anymore. The prepaid BlackBerry Solution launched by MTN and Research In Motion (RIM) in South Africa will solve this problem.
Apart from offering the above service, the Prepaid BlackBerry Internet Bundle service plan also offers flexible payment solution to MTN customers to suit their individual needs. By paying R59.00 for a period of 30 days, the customers can avail to unlimited data usage for mobile email for up to 10 supported corporate and personal email accounts, attachment viewing, social networking, internet browsing, instant messaging and other mobile data applications.
The customers can dial *141*11# followed by 1# to activate the Prepaid BlackBerry Internet Bundle service plan; *141*11# followed by a 2# to deactivate the plan and *141*11# followed by 3# to check the renewal date of the plan.
Filed under Mobile ·
Tagged with Blackberry, email accounts, Instant Messaging, mobile data applications, MTN, networking, payment solution, Prepaid, RIM, Service Plan, smartphones, social networking sites, South Africa, Subscription, USA
By Editor on August 14, 2006 · Leave a Comment
The number of mobile subscribers in India is expected to grow from just over 100 million today to more than 350 million by 2010, an addition of 250 million subscribers in just four years, according to The Diffusion Group. The analysts predict that the evolving mobile markets in China and India will reshape the global telecommunications and technology landscape and realign market share among today’s mobile market leaders.
| According to The Diffusion Group, China market is widely heralded as the most immediate and largest market opportunity for mobile vendors. India’s growth rate will be equally explosive. When combined, China and India — what TDG calls “New Asia” — have a population of approximately 2.5 billion people and comprise the single largest opportunity for mobile vendors in the history of mobile telecom.”While India’s mobile market growth will in many ways follow China, the reasons for its growth are very different,” noted Michael Greeson, founder of The Diffusion Group. “India continues to experience a level of poverty far deeper than China and has little in the way of fixed-line infrastructure to support telecommunications. More than half of India’s 700 million rural inhabitants have no access to residential electricity and must rely on community pay phones. It is because of this unique confluence of factors that mobile technologies make so much sense to both India’s government and to operators.”
As Greeson notes, modern mobile telecommunications technology offers developing nations a way to cover expansive ‘greenfield’ territories — in this case, areas bereft of home or personal telecommunications — in a faster and less expensive way than traditional fixed telecom infrastructure. Combined with the world’s lowest per-minute charges, inexpensive handsets, and the social status of mobile phone ownership, India’s mobile operators are preparing to exploit this opportunity.
Other key findings from TDG’s study of India’s mobile markets include the following:
- Despite 12 years of deregulation, the number of fixed-line telecom subscribers has increased less than 15% in the last three years: from 41.5 million to 47.5 million, most of which has been confined to urban areas.
- In India, the cost of installing new fixed lines is roughly three times the price of installing a mobile line.
- As of early 2006, about half of all the towns and villages in India could receive a mobile signal. The Ministry of Communication and Information Technology has set a goal to reach 90% coverage by the end of 2006 – a very ambitious goal, but one that could be within reach given the steps that the Telecom Regulatory Authority of India (TRAI) and the Indian government have taken to enable competition and increase foreign investment.
- Despite the fact that government taxes on mobile phone revenues are amongst the highest in the world, TDG expects that taxes, levies, and spectrum fees will be reduced to cover only the Universal Service Obligation (USO) fund and administrative costs.
- Given the rapid pace of growth, upgrading current infrastructure has taken a backseat to network expansion and quality of service in most areas is extremely poor.
- Total mobile service revenue will increase over 170% from 2006 through 2010, which translates to a compound annual growth rate of 22.1%.
While India offers tremendous opportunity for mobile telecom vendors, exploiting these opportunities requires understanding India’s regulatory and business environment, as well as comprehending India’s unique social and demographic landscape.
About the market research report
TDG’s 65-page report, “India’s Mobile Markets – Analysis & Forecasts” (July 2006) by Thomas Wolf and Kambam Deepak with Michael Greeson, presents an in-depth analysis of the social, political, technological, and market forces that are shaping India’s telecom evolution and pushing mobile subscriptions to record levels. The report provides forecasts for total subscriber demand, an analysis of 3G subscriber growth, market share analysis among India’s mobile operators, and forecasts for mobile ARPU through 2010.
Source- http://www.tekrati.com
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Technorati : China, India, Mobile
Ice Rocket : China, India, Mobile
Filed under Mobile ·
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