Webwire: Etisalat profit falls 15%; FT eyes Congo China Telecom

Dylan Bushell-Embling
19 Jul 2011
00:00
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Daily News

Etisalat Q2 profit shrinks 15%

The UAE's Etisalat reported a 14.9% slump in second-quarter net profit to 1.59 billion dirhams ($432.9 million), due to growing operating costs and a charge for anticipated overseas tax liabilities.

Middle East North Africa Financial Network

France Tel in talks with ZTE over Congo buy

France Telecom is in talks to acquire a controlling stake in Congo China Telecom from ZTE. A source said the operator may later buy out the remaining 49% from the Congolese government, and that both transactions could cost a combined €300 million ($422.5 million).

Bloomberg

Everything Everywhere CEO resigns

Tom Alexander, CEO of the UK's Everything Everywhere, has resigned suddenly citing personal reasons. He will leave the Orange/T-Mobile joint venture at the end of August.

Guardian

Triple play forecast to take off by 2016

More than a quarter of the world's households will be subscribed to triple-play services by 2016, estimates Digital TV Research, with triple-play cable users outnumbering triple-play DSL/fiber customers two to one.

BBC Wires

Philippine ISPs ordered to disclose minimum speeds

Philippine broadband providers have been ordered to specify minimum connection speeds and service availability in advertising about their offerings, with the lowest allowed reliability being 80%.

Newsbytes

Morocco to sell 7% stake in Maroc Telecom

The Moroccan government is looking to sell an up to 7% stake in Maroc Telecom, and will open bids in September. Such a sale would be worth around $1.1 billion at current market prices, and would cut the government's holding to 23%.

Reuters

Telecom NZ cuts fiber prices to compete with UFB

Telecom NZ will slash prices for its fiber broadband offerings in Christchurch and some other cities where the company was not contracted to roll out the nation's Ultrafast Fibre network.

Stuff.co.nz

Time Warner to stream more TV channels online

US media giant Time Warner Networks will begin simulcasting its CNN and HLN cable news channels online to subscribers of certain cable TV providers, in a bid to stave off cord-cutting and meet consumers' demands for more online video.

Wall Street Journal

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