China Unicom enhancing NFC Development
China Unicom has inked a deal worth US$1.5 billion with the to make it the hub for Near Field Communication (NFC) services development.
The regional government will turn the system in a series of tax breaks and other incentives to promote other NFC developers to move into the area. It is anticipated that the group of companies can generate a total revenues of about US$7 billion every year by 2015.
China Unicom’s US$1.5 billion investment will be spread over the next five years, with much of the investment going on boosting the WCDMA network in the city.
Orange UK signs new MVNO deals with three partners
www.WirelessFederation.com/news: Mobile virtual network operator (MVNO) agreements have been signed between British mobile network operator Orange UK and its three new partners- Unicom, Catalyst and Axis Telecom. The three companies have been secured on the Orange Partner Platform via Transatel, Orange’s mobile virtual network aggregator (MVNA).
The initial target of 80,000 existing customers with its new wireless services has been expected from fixed line provider Unicom. Mobile voice offerings are expected from Catalyst through partners targeting specific demographics including students, ethnic minorities and SMEs.
The deal will be used by Axis Telecom to offer mobile voice to its 14,000 residential and business customers. The three MVNOs are expected to launch commercially by the mid-2010.
According to Marc Overton, Vice President of Wholesale, Business Development & Partnerships at Orange UK, Orange has very ambitious plans to become the network partner of choice for new and existing MVNOs and with the deal, it is on its way to achieve this but the ambition is to have twenty new MVNOs on the Orange network by the end of the year which again clearly demonstrates that there are untapped opportunities for telecoms services across business and consumer sectors.
ICEA Cuts China Mobile To Neutral,HK$55.8 Tgt
0939 [Dow Jones] STOCK CALL: ICEA lowers China Mobile (0941.HK) to Neutral from Accumulate, with HK$55.80 target, translates into 15.8x 2007F P/E, on limited upside potential, as ups earnings estimates slightly on better-than-expected 1H results. Says major rival China Unicom (0726.HK, Neutral) cut its capex for improving its capacity, quality; China Mobile grew its market share, its subscribers in 1H. Notes, “key uncertainty over China’s telecom sector will be removed once China issues the long-awaited 3G licenses.” which likely to intensify competition. But company’s “dominant market share and strong presence in China will make any adverse impact resulting from intensifying competition short-lived, in our opinion.” Stock +0.3% at HK$51.80, pre-open. (SYC)
Source- http://www.newratings.com
Technorati : 3G, China, China Mobile, China Unicom
Ice Rocket : 3G, China, China Mobile, China Unicom
