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Tag: telecom
Telecom NZ's restructuring costs to be higher
2013-05-16 07:12:00| Telecompaper Headlines
(Telecompaper) Telecom New Zealand's restructuring costs are expected to be higher than first announced, at NZD 100-130 million, up from the earlier estimate of NZD 70 to 80 million. The increase reflects the inclusion of estimated non-cash accounting adjustments associated with the cessation of business activities (such as onerous lease contracts and other asset write-offs), the company said at its investor day where it outlined its strategy shift from a traditional fixed and mobile infrastructure company to a future-oriented, competitive provider of communication, entertainment and IT services delivered over its networks and the cloud. Telecom's adjusted EBITDA guidance for FY 2013 remains NZD 1.04-1.06 billion, although management expects that the result will be near the bottom end of this range, primarily due to a further increase in price competition in the fixed-line market and continued margin pressure in Gen-i. This guidance excludes one-off restructuring costs associated with the cost reduction and strategic change programme.
Tags: costs
higher
telecom
restructuring
Orascom Telecom rejects Altimo buy-out offer
2013-05-15 08:54:00| Telecompaper Headlines
(Telecompaper) Egypt's Orascom Telecom announced that its board of directors has recommended shareholders reject an offer from Russian investor Altimo to buy out the mobile company for USD 0.70 a share. Independent financial adviser HC Securities and Investments put the fair value of Orascom's shares higher, at USD 0.86 per share, the company said. Altimo made the offer which values all of Orascom at USD 3.7 billion in early April. Altimo already has a 47.85 percent voting interest in Orascom's controlling shareholder Vimpelcom. Representatives of Vimpelcom, which owns 52.92 percent of Orascom Telecom, did not vote on the board's opinion of the bid. Vimpelcom said separately that it does not plan to tender its Orascom shares to Altimo under the current terms of the offer.
Tags: offer
telecom
rejects
buyout
Telecom expanding wi-fi booths
2013-05-15 08:39:17| Telecom - Topix.net
More phone booths in Auckland would be kitted out with wi-fi this month and in June, the company said.
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expanding
wifi
booths
Matrix to Showcase Its Range of Telecom and Security Solutions at INTEC 2013, Coimbatore, India
2013-05-15 06:00:00| Industrial Newsroom - All News for Today
Matrix to showcase its range of Telecom and Security solutions at INTEC 2013, Coimbatore, India.<br /> <br /> Matrix Comsec, India based leading manufacturer and provider of Telecom and Security solutions, will showcase its office-in-a-box, Android mobile softphone, Branch office gateways, Time-Attendance, Access control and Video surveillance solutions at INTEC 2013, Coimbatore.<br /> <br /> During the event, Matrix will showcase office-in-a-box solution ‘NAVAN CNX200’, targeted ...This story is related to the following:Controls and ControllersGateways | Telephony Software | Audio & Video Surveillance Systems
Tags: range
security
solutions
india
Orascom Telecom advises shareholders to reject Baskindale buyout
2013-05-15 02:00:00| Total Telecom industry news
Egyptian operator says independent advisor has valued its shares higher than offer price.
Tags: telecom
shareholders
reject
advises
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