Peru’s Special Committee of Public Safety Multiparty Congress has approved legislative proposals to impose more stringent restrictions on the sale of mobile phones, La Republica reports.
Telecom Namibia achieved an 8.7% year-on-year increase in turnover to NAD1.2 billion (USD135 million) in its financial year ended 30 September 2012, its managing director Frans Ndorama announced, adding that FY 2012 operating profit rose by 29% to NAD133 million. As reported by Namibia Press Agency, the growth was attributed to increased uptake of the telco’s broadband services, supported by capital expenditure (CAPEX) since 2009 of NAD746 million, covering investment in services/networks including ADSL, WiMAX, MPLS, submarine and terrestrial fibre-optic cables.
Chinese equipment vendor Huawei Technologies has filed a lawsuit against Uganda Telecom Ltd (UTL), accusing the telco of failing to pay some USD13 million for equipment and services received between 2005 and 2009. The Daily Monitor reports that in 2011 UTL and Huawei had agreed upon the outstanding amount, but following a change in management at UTL, the telco has refused to settle the amount.
Adtran, a provider of next-generation networking solutions, reports that its GPON platform is enabling Greek alternative telecoms operator ForthNet to implement the first fibre-to-the-home (FTTH) pilot network in the metropolitan area of Athens. This platform will enable delivery of high-bandwidth triple-play services to residential and business subscribers in over 2,000 premises in the municipality of Nea.
Bloomberg writes that the share price of Telefonica O2 Czech Republic hit an eight-year low on the Prague bourse amid concerns that the advent of new competition will impact on its future earnings potential. The country’s largest telco by subscribers and revenue, backed by Telefonica of Spain, saw its share price slump by 3.1% to CZK323.5 (USD10.36) at the close on Friday, its lowest level since October 2004
Air Telecom, a subsidiary of F & N Marketing Group, has reportedly taken control of Czech mobile operator Mobilkom (U:fon), online journal tyden.cz reports. It is understood the new owner paid CZK21 million (USD672,200) for U:fon which was previously in insolvency proceedings and had debts of CZK2 billion. However, as a condition of the purchase U:fon’s liabilities have been wiped out and the insolvency administration ended, allowing Air Telecom to forge ahead with plans to resuscitate the CDMA operator
Alberto de Larrazabal, the chief financial officer of Filipino operator Globe Telecom, says his firm is close to completing a tender offer to acquire the restructured debt of fellow telco Bayan Telecommunications Inc (Bayan) and its Radio Communications of the Philippines Inc (RCPI) subsidiary.
