Singtel delivered a resilient third quarter performance with a strong core business and higher contributions from regional mobile associates. In the core business, ICT revenues grew, bolstered by contract wins by NCS and demand for cyber security services. Higher consumer home services revenue in Singapore and growth in postpaid mobile customer numbers in Australia helped mitigate continued voice to data substitution and roaming revenue declines. 

Read more: Singtel’s performance strengthened by higher contribution from associates

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.

Read more: New Zealand’s largest telecommunications firm reports rise in net profit

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.

Read more: South Korean chipmaker submits bid for stake in Toshiba memory business

Gary Tay appointed director for Tripleplay Asia

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.

Read more: Former Extron consultant appointed Director for Tripleplay Asia

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.

Read more: New Zealand’s Spark in talks to acquire small carrier to expand internet services

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.

Read more: Nokia signs distributor agreement for G.fast fixed ultra-broadband access technology in 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.

Read more: Yahoo Japan reports strong earnings; attributes smartphone advertising

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.

Read more: Toshiba receives bids of up to $3.6 billion for 19.9% stake in its flash memory business

Thaicom Public Company Limited announced the appointment of satellite veteran Dr. Supoj Chiveeraphan as its Chief Strategy Officer (CSO)

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.

Read more: Satellite operator Thaicom announces new Chief Strategy Officer

More Articles ...