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Fongo makes bid to acquire Wind Mobile
2013-03-27 19:23:00| Telecompaper Headlines
(Telecompaper) Canadian mobile telecommunications company Fongo has announced it is making a bid to acquire Wind Mobile. Currently, Wind Mobile's network coverage is limited mainly to Ontario, with pockets of coverage in Calgary, Edmonton and Vancouver. As part of the proposed acquisition, Fongo plans to immediately extend the Wind Mobile service offering across the country to mirror Fongo's coast-to-coast free calling network. Current Wind Mobile customers would be transitioned to Fongo over the course of twelve months. Fongo plans to retain the majority of Wind Mobile's employees, but has pledged to re-think many aspects of the business. It is offerign CAD 1 plus 49 percent of its own business to Wind's owners. The Financial Post reported that Wind quickly rejected Fongo's offer. Simon Lockie, Wind's chief regulatory officer, said on Twitter: "I hereby publicly offer to buy Fongo for $1 and half my sandwich. Hopefully the story gets picked up before I get too hungry to deliver." Fongo claims over 250,000 users for its mobile service based on a free smartphone app.
Indonesia: APP suppliers pulp new bid for sustainability credentials in Kalimantan
2013-03-27 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
WWF: Pulp timber suppliers to controversial paper giant Asia Pulp & Paper (APP) are continuing to log tropical forest and dig drainage canals through peat soils in Kalimantan, regardless of the new Forest Conservation Policy (FCP) launched with much fanfare by APP and parent group Sinar Mas last month. Over the same period that heavy machinery was engaged in logging and dredging, representatives of both APP and the two supplier companies hosted a meeting 80 km away in provincial capital Pontianak to...
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Prudential fined 30m over AIA bid
2013-03-27 10:29:27| BBC News | Business | UK Edition
Insurance giant Prudential has been fined 30m by regulators over its 2010 bid to buy AIA, an Asian subsidiary of US insurer AIG.
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30m
fined
prudential
Ramon Ang, Lucio Tan team up for Cebu airport bid
2013-03-26 06:38:42| Beverages - Topix.net
Diversified conglomerate San Miguel Corp. on Tuesday said it will be partnering with tycoon Lucio C. Tan's group to join the auction for the P17-billion Mactan-Cebu International Airport.
T-Mobile USA removes subsidies in bid to shake up wireless market
2013-03-26 01:00:00| Total Telecom industry news
U.S. mobile operator releases new price plans ahead of possible 4G launch.
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