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ADM's CEO continues to expect closing of Graincorp acquisition by year-end

2013-09-26 01:31:21| Agriculture - Topix.net

Archer Daniels Midland Co continues to expect to complete its acquisition of Australian grain handler Graincorp Ltd by the end of the year, the U.S. agribusiness giant's chief executive officer said on Wednesday.

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Swisscom to offer 1 Gbps broadband before year-end

2013-09-12 16:38:00| Telecompaper Headlines

(Telecompaper) Swisscom has unveiled its plans to expand the coverage of super high speed broadband from 1.8 million households now to more than 2.3 million households and businesses in 2015. The operator will continue to roll-out its FTTH network, as well as upgrading its DSL network with VDSL and vectoring (from Q1 2014) and continue the roll-out of fibre-to-the-street (FTTS). Swisscom is also currently testing fibre-to-the-building (FTTB). Currently FTTB/S can offer broadband speed sup to 100 Mbps, but laboratory tests have already achieved speeds of between 400 and 1,000 Mbps. The coverage of the very high speed broadband services in 2015 will be broken down in vectoring (800,000 households and businesses), FTTS and FTTB (500,000) and FTTH (1 million) and by 2020, broadband speeds of 100 Mbps will be possible in over 80 percent of households and businesses. Swisscom is investing a total of CHF 1.75 billion this year in infrastructure. Swisscom plans to launch 1 Gbps broadband services before the end of this year with a trial being conducted during September with more than 100 customers. The 1 Gbps service will be available to all 700,000 households with FTTH access. The operator also unveiled its new router called the Internet Box offering the 802.11ac standard, which will allow future data transmission speeds of up to 1.3 Gbps. In October, Swisscom will launch a pilot with several thousand already selected subscribers. At the end of the year, customers with FTTH access will be able to benefit from the new Internet-Box.

Tags: offer broadband swisscom gbps

Orange France raises year-end LTE coverage target to 40%

2013-09-11 08:37:00| Telecompaper Headlines

(Telecompaper) Orange France has announced that it has accelerated its LTE roadmap to cover 40 percent of the population by the end of the year, versus its previous target of 30 percent. The operator also announced that it is now offering 4G coverage for all of Paris and 37 towns in the Paris area. By the end of September, Orange 4G will cover 70 cities and their surrounding areas, including over 500 towns in mainland France. Orange is encouraging the move to LTE by offering premium music and video content through the Origami mobile and Open quad-play packages, as well as selling a wide range of 4G devices.

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Swisscom raises revenue outlook, sees new CEO by year-end

2013-08-07 09:25:00| Telecompaper Headlines

(Telecompaper) Swisscom reported a small drop in first-half results, but raised its full-year revenue outlook thanks to recent acquisitions. Sales for the first six months of the year dropped 0.4 percent to CHF 5.6 billion, and EBITDA fell 5.5 percent to CHF 2.1 billion. The company blamed the drop on general price erosion in the Swiss market and lower roaming revenue, while growth in customer numbers also increased costs. Net income fell by 9.7 percent to CHF 819 million. Capex was down 0.4 percent in the first half to CHF 1.0 billion, but the company still expects a higher result for the full year. Revenues for 2013 are now estimated at over CHF 11.4 billion, up from an earlier outlook of CHF 11.3 billion, following the acquisitions of Entris and Cinetrade in H1, which are expected to add about CHF 150 million this year. Swisscom maintained its EBITDA outlook, for at least CHF 4.25 billion in 2013, and capex is forecast at CHF 2.4 billion. The company also announced that it expects to appoint a new CEO before year-end, and Christian Petit has been named the new head of Swisscom Switzerland from 1 September.

Tags: revenue ceo outlook sees