Daily Archive: July 29, 2011

Jul 29

Austar confident Foxtel deal will go ahead

Tweet Takeover target Austar remains confident rival Foxtel can overcome competition hurdles to secure its $2 billion takeover of the company, it said today as it reported flat first-half revenues and subdued subscriber growth. Austar posted a more than three-fold increase in first-half profit but warned the outlook for pay-TV subscriber growth looked challenging for …

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Jul 29

NTC starts evaluating telco deal

Tweet The National Telecommunications Commission (NTC) started evaluating on Thursday the Philippine Long Distance Telephone Co.’s (PLDT) application to acquire a majority stake in rival Digital Telecommunications Philippines Inc. (Digitel), the agency’s chief said. “The memorandum from Globe was already submitted. I think all memoranda are in already. It’s now time to start the evaluation,” …

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Jul 29

India adds 60m mobile users in 3 months

Tweet Indian telecom companies added nearly 60 million mobile users in three months, taking the country’s number of wireless subscribers to around 812 million, according to official data. India is the world’s fastest-growing mobile phone market and second largest after China, with over a dozen operators competing for millions of new customers each month. The …

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Jul 29

Cable TV operators call for revision of shareholder rules

Tweet Cable TV operators called on the government to amend regulations governing investment by political parties, the government and the military, saying the government should not be allowed to control share trading in a free market. The appeal was made in a panel organized by the National Communications Commission yesterday, attended by several network operators, …

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Jul 29

Time Warner Cable Tops Profit Estimates on Internet-User Growth

Tweet ime Warner Cable Inc., the second- largest U.S. cable-television operator, reported profit that beat analysts’ estimates after luring more Internet subscribers. Second-quarter net income rose to $420 million, or $1.24 a share, from $342 million, or 95 cents, a year earlier, the New York-based company said today in a statement. Excluding one-time items, earnings …

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