KUALA LUMPUR (Reuters) - Malaysian telecoms company U Mobile is planning an initial public offering as it embarks on a 1.5 billion ringgit ($470 million) network expansion, Chief Executive Officer Wong Heang Tuck told Reuters on Tuesday.
Wong declined to say much the company planned to raise or when it would launch the IPO. Asked about the offering, Wong said: "It depends on where the market is at that point in time... but we are on our way there."
US operators need to demonstrate their commitment to the incentive auction of 600MHz spectrum in 2015 if broadcasters are to overcome their reservations about the process, according to Tom Wheeler, the chairman of the Federal Communications Commission.
Speaking during the keynote session at this week’s CTIA show in Las Vegas, Wheeler expressed frustration that so much of the telecoms industry has been “strangely silent” about the forthcoming sale of sub-1GHz spectrum given the constraints that operators say they are under.
WASHINGTON (Reuters) - This year's top U.S. wireless convention descends on Las Vegas on Monday and will no doubt be abuzz with massive telecom mergers and major policy undertakings of the industry's new top regulator.
But the less glamorous, though no less monumental, subject of spectrum, or radio airwaves, will serve as a backdrop to every conversation at the "Super Mobility Week" trade show thrown by the wireless industry association CTIA.
WASHINGTON (Reuters) - Sprint Corp said on Friday it was adding 15 new rural and regional wireless providers to its U.S. roaming program, a move bolstering the company's efforts to cheaply expand its footprint as it fights to stay competitive as a national carrier.
The program allows Sprint and its smaller partners to use each other's networks for roaming at a mutually attractive price. A total of 27 carriers, covering 565,000 square miles and a population area of more than 38 million people, have now entered into roaming agreements with Sprint.
(Reuters) - Dish Network Corp's <DISH.O> chairman, Charlie Ergen, recently contacted Deutsche Telekom AG <DTEGn.DE> to express interest in acquiring the German company's unit, T-Mobile US Inc <TMUS.N>, Bloomberg reported, citing people with knowledge of the matter.
Ergen has not made a formal offer or hired any bank to advise it on the potential deal, the report said.
DETROIT (Reuters) - A group of companies, including several large automakers, have joined a public-private research initiative to lay the groundwork for a system that wirelessly connects vehicles and helps smooth the flow of traffic, the University on Michigan said on Friday.
By Paul Carsten
BEIJING (Reuters) - Baidu Inc launched on Wednesday a service that helps retailers advertise on the smartphones of nearby users as China's dominant search engine company expands its location-based technology to drive growth.
Baidu currently makes most of its income from desktop-based search advertising and has lagged peers such as Tencent Holdings Ltd in capitalizing on the popularity of mobile internet in China, the world's largest market for smartphones.
MUMBAI (Reuters) - Google Inc's partnership with three Indian phone makers is set to rev up fast-growing demand for lower priced smartphones, and spell more trouble for Samsung Electronics which is rapidly losing share in emerging markets.
Micromax Infomatics Ltd, Karbonn Mobiles and Spice Group are the first phone manufacturers to sign up for Google's Android One initiative, which provides specifications for key hardware parts. Some of the new phones are due to hit the market this month.
BEIJING (Reuters) - China Unicom and China Telecom, the country's No.2 and No.3 mobile carriers, have received government approval to test their 4G high-speed networks in a total of 40 cities, up from 16 previously, they said on Thursday.
The Ministry of Industry and Information Technology, which allowed both mobile operators to test their new LTE hybrid network beginning in June, approved 24 additional trial cities including Beijing, Tianjin, Guangzhou, Dongguan and Xiamen.
TOKYO (Reuters) - Japan's SoftBank Corp and its U.S. mobile carrier Sprint Corp will offer a Sony smartphone for the first time, sources with knowledge of the matter said, as the two technology titans confront daunting challenges in the U.S. market.
The deal could give a much-needed boost to Sony's struggling mobile division, which last month said it no longer expected to make a profit in the year to next March. It will also bolster Sprint's handset line-up as it seeks to stem a flight in subscribers.