TPG reveals net profit jump in FY11/12

Australia’s TPG Telecom has announced that its normalised net profit after tax surged by 46% in the year to end-July 2012 to AUD114.2 million (USD117.4 million), with that figure adjusted to exclude a AUD23.2m one-off tax expense. Recorded net profit for the telco stood at AUD91.0 million, up 16% year-on-year, with TPG reporting earnings before interest, tax, depreciation and amortisation (EBTIDA) of AUD261.4 million for the financial year, up 12% against FY10/11, and slightly above the top-end of its EBITDA guidance for the period

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OVETEL TPG reveals net profit jump in FY11/12

Solomon Islands govt snags submarine cable loan

The Solomon Islands’ government has confirmed that it will borrow USD78 million from Asian Development Bank (ADB) this year to fund the deployment of its own, as-yet-unnamed fibre-optic submarine link. The initiative, which will be managed by the Solomon Oceanic Cable Company (SOCC), itself co-owned by the Solomon Islands National Provident Fund (SINPF) and Solomon Telekom Ltd (STL), will link the Solomon Islands to the rest of the world by connecting to existing infrastructure linking Sydney and Guam. The cable project will also encompass a domestic cable link between Auki and Noro, while microwave and satellite links will be extended to the Choiseul and Isabel provinces

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OVETEL Solomon Islands govt snags submarine cable loan

Japan set for two LTE launches this week as iPhone 5 hits the stores

Two Japanese cellular operators are expected to launch commercial 4G Long Term Evolution (LTE) services later this week to coincide with the introduction of the new Apple iPhone 5 handset on Friday. Second and third-placed cellcos KDDI and Softbank will be hoping that the new LTE-enabled iPhone model will help them make an immediate dent in the market share of mobile market leader and long-term LTE provider NTT DoCoMo, which launched 4G services in December 2010 and recently passed the five million subscriber milestone on its LTE network.

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OVETEL Japan set for two LTE launches this week as iPhone 5 hits the stores

Nigerian quintet select DragonWave backhaul solution

DragonWave, a supplier of packet microwave solutions, has announced that five Nigerian carriers have selected its Horizon product family to deliver high capacity, 4G/Long Term Evolution (LTE)-ready wireless backhaul networks. Mobitel, Netcom, Main One, Spectranet and Monarch Communications are rolling out DragonWave’s Compact Plus and Quantum products to backhaul internet, voice and data services as part of the country's growing broadband access solutions for their business and end-user customers. ‘Nigeria is an important market for broadband services and DragonWave is committed to supporting the needs of carriers throughout Africa,’ commented Peter Allen, president and CEO of DragonWave, adding: ‘We've prioritised Africa as a very viable market given that our technological advantage and high quality radio transmission makes wireless broadband applications both more accessible and affordable.

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OVETEL Nigerian quintet select DragonWave backhaul solution

Batelco and CWC discussing GBP614m sale of Monaco Islands business

Bahrain Telecommunications Company (Batelco) is reportedly holding talks with UK-based Cable & Wireless Communications (CWC) with a view to acquiring the latter’s assets in Monaco and a number of small island nations. According to Reuters, which cites three banking and industry sources, the duo are negotiating a potential deal thought to be worth around GBP614 million (USD1 billion). While both Batelco and CWC have confirmed that they are discussing the possible sale, it is understood that a deal is not imminent, and both parties have stated that there is no guarantee that a deal will be reached

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OVETEL Batelco and CWC discussing GBP614m sale of Monaco & Islands business

FCC to come under scrutiny for encouraging LightSquared progress

According to Fierce Wireless, the House Energy and Commerce Committee will hold a hearing on 21 September focusing on the Federal Communications Commission’s (FCC’s) role in granting a conditional waiver for LightSquared to build out a nationwide hybrid Long Term Evolution (LTE) network using terrestrial and satellite networks, and encompassing non-traditional spectrum in the 1.4GHz and 1.6GHz bands. The committee, which launched an investigation into the matter earlier this year, has not said which witnesses will be called to testify. The hearing will look at whether the FCC followed its own policies, procedures and precedents correctly

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OVETEL FCC to come under scrutiny for encouraging LightSquared progress

EU regulators likely to impose further conditions on 3, Orange merger

According to Reuters, European Union (EU) regulators have raised further objections to the proposed EUR1.4 billion (USD1.87 billion) bid by Hutchison 3G Austria (H3G) for France Telecom-Orange’s Austrian mobile unit, and will now carry out a full probe into the transaction. The European Commission, which has been examining the takeover since June, maintains that it is concerned that the deal will cut the number of telecoms operators in Austria from four to three and lead to higher consumer prices

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OVETEL EU regulators likely to impose further conditions on 3, Orange merger