FASTTAKES: Sony, China Mobile, PLDT, HKBN, Spice Mobiles

Staff writer
05 Mar 2010
00:00
News
Daily News

Sony Corp. is developing a new lineup of handheld devices to challenge Apple, including a smart phone that plays videogames and a tablet device to compete against the iPad, WSJ reported.

China Mobile shares in Hong Kong have fallen to their lowest price in two months as investors react negatively to the firm’s planned investment in a mainland bank. Credit Suisse noted: “The fact that SPD Bank had been under pressure to raise capital suggests that there could be a `national service’ slant to the transaction.”

PLDT is seeking to raise up to PHP10 billion ($217.3m) in bank debt to fund its PHP28.6 billion capex bill this year, treasurer Annabelle Chua said.

Hong Kong Broadband Network (HKBN) has launched a free 100Mbps Wi-Fi service at Hong Kong International Airport’s new north satellite concourse.

Indian-based Spice Mobiles said it plans to raise 7 billion rupees ($152.9m) through Foreign Currency Convertible Bonds (FCCBs), Global Depository Receipts (GDRs) and a private share placement.

The Australian government will renew the 2G licenses of the country’s three mobile operators - Telstra, Optus, Vodafone Hutchison Australia (VHA) – rather than auction them, communications minister Stephen Conroy said.

Australian Wimax hopeful Unwired has sold 7MHz of its 2.3GHz spectrum in Sydney and Newcastle to Energy Australia, which is spending A$200 million ($180.1m) rolling out a smart grid.

Telecom New Zealand has given some of its corporate customers SIM cards of its rivals in case there’s another outage of its XT Mobile 3G network, said the NZ Herald.

Taiwan Wimax firm Vmax Telecom will launch its service in greater Taipei next week.The firm will offer free Internet access from 500 taxis.

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