Webwire: China Mobile Q3 net grows 13%; Mobile top priority - Yahoo

Webwire: China Mobile Q3 net grows 13%; Mobile top priority - Yahoo

Staff writer  |   October 23, 2012
China Mobile grew its net profit by around 1.3% in the third quarter to 31.1 billion yuan ($4.97 billion), slightly ahead of some analysts' expectations. But the figure demonstrates the challenges the world's largest mobile operator faces in trying to grow further.
Yahoo CEO makes mobile her top priority
Yahoo CEO Marissa Meyer has outlined her plan for turning around the company, indicating that her main priority is to draw up a consistent mobile strategy to reflect the growing importance of the “mobile wave.”
Bangladesh's telecom ministry has proposed setting a floor price of $20 million per MHz for an upcoming 3G auction – down from the initially suggested $30 million – and to have the nation's six private mobile operators compete for four licenses.
India's Idea Cellular more than doubled its profit for the September quarter to 1.91 billion rupees ($35.8 million), from 14% higher revenue of 52.3 billion rupees.
Russia's MegaFon has postponed a planned road show to promote its IPO on London and Moscow exchanges until after the company posts its Q3 results in November.
India's Department of Telecom may have to introduce 11- or even 12-digit mobile numbers to ensure the nation avoids running out as subscribers near 1 billion, experts warn.
Pakistan imported telecom products worth over 34 billion Pakistani rupees ($356 million) in the September quarter, including over 15 billion rupees worth of mobile phones, government statistics show.
Motorola Solutions has unveiled a prototype version of a head-mounted, voice-controlled mobile computer – a potential competitor to Google's Project Glass.
Staff writer


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