China Mobile has inked a deal to buy a 20% stake in the Shanghai Pudong Development (SPD) Bank for 39.8 billion yuan ($5.83 billion).
March 11, 2010
Google-China talks to end soon: Schmidt
Google CEO Eric Schmidt has predicted an early end to talks with the Chinese government over the search firm’s operations in China.
“We are in active negotiations with the Chinese government,” he said at a media summit in Abu Dhabi, WSJ
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Cable firm plots EU’s biggest IPO in two years
German cable company Kabel Deutschland has initiated plans for an IPO – expected to be Europe’s largest in more than two years.
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FASTTAKES: FCC, PCCW, FarEasTone, KT, Ericsson
US regulator FCC is considering assigning a portion of the nation’s airwaves for the provision of free wireless internet services.
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March 10, 2010
DoCoMo snatches the lead again
Japan’s largest mobile operator NTT DoCoMo pipped out third-ranked Softbank Mobile from its perch as the market’s fastest=growing operator in February.
And the Japanese behemoth is expected to hold onto the position in March as well, and possibly longer.
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PCCW profits up 18%
Lower costs and a property gain helped to boost PCCW’s net profit 18% in 2009.
The Hong Kong incumbent said its net profit rose from $163 million in 2008 to $193 million in 2009, in line with analysts’
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Vmax launches with $63m Wimax network
Taiwan’s newest operator, Vmax, has opened its NT$2 billion ($63 million) Wimax network with an ad-based service to taxis and bargain-priced netbooks.
The company, backed by Intel and local electronics firms, has built a network in metropolitan Taipei and plans to extend the service across northern Taiwan.
The centrepiece of its laun
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March 9, 2010
The myths of transformation
Transformation is a hugely important topic for our industry, but it’s bedeviled with myths. While recognizing the myths does not mean you will be able to implement a successful transformation, at least it will help you get your thinking straight and help target your transformation appropriately.
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Regulator warns it could block China Mobile bank deal
China’s state-owned assets regulator SASAC has signalled it could block China Mobile’s plan to buy into a state-owned bank.
Liu Nanchang, the head of SASAC’s general office has told Chinese media that the agency was opposed to state-owned enterprises (SOE) buying into non-c
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