Webwire: OTE profit falls 54%; Vimpelcom to buy NTC

staff writer
telecomasia.net
Greece's OTE said its first-quarter profit slumped 54.1% to €30.2 million ($43.3 million), on sliding revenues at mobile division Cosmote.
 
Vimpelcom will buy the 90% of eastern Russia's NTC held by Korea Telecom and a Sumitomo subsidiary for $420 million, then mount a compulsory acquisition offer for the remaining shares.
 
India's Bharti Airtel is blaming “an unforeseen technical outage” for a network failure last week which disrupted mobile services for a reported 8 million of its customers for several hours.

Canadian researchers have demonstrated a prototype smartphone built from flexible electronic paper, that is controlled through bending and folding the material.
 
Foxconn hopes to start assembling iPads in Brazil by July as part of the $12 billion investment plan under consideration, but is still negotiating with the government on tax breaks and faces other hurdles in a country with very high labor costs and an overvalued currency.
 
The iPad 2 officially debuted in China on Friday to the typical long queues, particularly outside Apple's downtown Beijing store.
 
Singapore's opposition party made the strongest inroads since independence during Saturday's vote, during a campaign transformed by social media and loosened restrictions on election-related internet discourse.
 
The Mexico City government will use SMS and social networks including Facebook and Twitter to provide early warnings of incoming earthquakes.

Commentary

When it comes to data, the grass is not always greener

Tony Poulos

Instead of deploying new fancy analytic tools, telcos should leverage apps developed by their existing vendors to analyze and make full use of data

Tony Poulos

Instead of deploying new fancy analytic tools, telcos should leverage apps developed by their existing vendors to analyze and make full use of data

Sonia Agnese/Ovum

Telco/OTT partnership was a key topic of LTE Latin America 2015