1) Pacific Fibre picks vendor for subsea cable
New Zealand's Pacific Fibre has signed a deal with US-based TE SubCom to build its planned $400 million international cable. TE Connectivity subsidiary TE SubCom has been contracted to design, construct and lay the 12,750km subsea cable linking New Zealand with Australia and the US. the deal could be worth as much as $320 million
2) Sony Ericsson swings to $70.6m loss
Sony Ericsson swung to a quarterly loss – its first since 2009 – blaming component shortages and a faster than expected collapse of the low-to-mid end phone market.The company reported a €50 million ($70.6 million) net loss for the second quarter, with sales slumping 32% year-on-year to €1.19 billion. Total shipments shrank slightly less than sales – by 31% to 7.6 million - but ASP also dipped 3% to €156.
2) Telecom, IT lift Singapore jobs market
Recruitment consultancy Robert Walters expects the IT and telecommunications sectors to continue to show strong hiring numbers in the second half of 2011. The company also recently revealed that more than 82% of people working across Singapore received a salary increase this year, according to a recent global survey of more than 3,200 professionals. According to the survey, 40% of respondents received a pay rise of between one and five percent, 20% received between six and ten percent, 14% received between 11 and 20 percent and 8% received more than 21%.
4) SK Telecom launches T Smart Learning
SK Telecom has soft-launched its T Smart Learning mobile education offering, unveiling more details - including pricing and initially supported devices - of the platform. The company revealed it is taking registrations for the platform, which has been designed to work on tablet PCs, and will at first be made available on the Samsung Galaxy Tab. The service will reach stores from next month, and SK Telecom aims to extend it overseas from next year. The company is targeting 50,000 users within six months of launch.
5) Cisco cuts 6,500 jobs in streamlining
Cisco will slash around 6,500 jobs and sell a manufacturing plant to Foxconn as part of a plan to achieve cost savings of around $1 billion.The vendor said it will cut around 9% of its total full-time staff - including 15% of its executive-level employees - in a round of layoffs first flagged in May. The layoffs are expected to cost the company around $1.3 billion in severance and other packages, which will be expensed over Q4 and fiscal 2012.
6) News in Nutshell
a) Telefonica job cuts to cost $3.8b
Telefonica's plan to lay off 20% of its Spanish workforce – or around 6,500 employees – will cost it an estimated €2.7 billion ($3.82 billion).
b) SLT draws criticism with ZTE LTE deal
Sri Lanka Telecom and subsidiary Mobitel have contracted ZTE to deploy an LTE network, but because the vendor was not the lowest bidder in the Mobitel auction, the tender has been criticized by trade unions.
c) MTN to trial LTE, flags rollout by 2014
South Africa's MTN will trial a 100-site LTE network, in co-operation with Huawei and Ericsson, with an eye toward a commercial roll-out in two to three years.
d) Oracle seeks deposition of Google CEO
Google said a request for the deposition of CEO Larry Page in the lawsuit over Android's alleged infringement of Oracle patents represents a “harassing demand,” and will fight the motion.
e) MS buys microsoft-sony.com
Microsoft's purchase of domain names microsoft-sony.com and sony-microsoft.com has ignited speculation, with theories ranging from Sony Ericsson planning to launch a WP7 phone, to far more unlikely scenarios like Sony and Microsoft teaming up in the game consoles sector.
f) 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.
g) 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).
h) 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%.
i) 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%.
j)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.
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