Spark, which is New Zealand’s largest telecommunications firm - posted a significant rise of 12.7% in interim net profit – despite modest growth in mobile and broadband revenues by the company. Spark disclosed the details of its financial statement and said that net profit for the six months to December 31st was NZ$178 million (US$128 million) up from NZ$158 million twelve months previous.
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South Korean chipmaker SK Hynix has submitted a bid for a stake in Toshiba Corp’s memory chip business. Management identified an opportunity to gain an advantage on rivals in what is a booming NAND market and that is the reason behind the attempted acquisition according to sources close to the organization.
Leading developer of Digital Signage, IPTV and Video Streaming solutions, Tripleplay has appointed former Extron consultant liaison manager, Gary Tay to head up its Asian business based from its regional headquarters in Singapore.
New Zealand telecommunications provider Spark said it’s planning to fully acquire small carrier TeamTalk in an effort to expand its provision of internet services across the nation, ZDNet reported. The small provider offers mobile radio services and metro fiber services under its brand CityLink and also rural internet services under its brand Farmside.
Finnish technology giants Nokia have disclosed the details of the signing of a distributor agreement with Energia Communications (EneCom) to sell its G.fast fixed ultra-broadband access technology in Japan. EneCom, Nokia’s first customer for next-generation broadband access technology in the country, will now become the reseller for the fixed access technology, making it available nationwide across Japan.
Yahoo Japan Corp., formed as a joint venture between the American internet company Yahoo! and the Japanese company SoftBank, saw its latest quarterly earnings jump the most since 2013. The company attributed the earnings to growth in advertising and online shopping via smartphones.
Japanese conglomerate Toshiba has received a number of healthy bids for a 19.9% stake in its lucrative flash memory business. It has received offers ranging from $1.8 billion to as high as $3.6 according to sources close to the organization.
Leading Asian satellite operator Thaicom Public Company Limited announced the appointment of satellite veteran Dr. Supoj Chiveeraphan as its Chief Strategy Officer (CSO) on February 6. Among Dr. Chinveeraphan’s responsibilities will be leading the growth of Thaicom as an Asian brand, inclusive of marketplace strategy, market positioning, partnerships, and operations.
A Japanese multinational company is set to build a U.S. plant worth $7 billion in the first half of this year – which could create up to 700,000 in the Unites States following reports emerging from the country.
British telecoms giant Vodafone reported that its annual earnings would probably be low in India due to high competition and difficulties, but it remains confident about its performance in both Europe and Africa.