Key Developments For AsiaInfo Holdings Inc
AsiaInfo Holdings Inc (ASIA.O) (Consolidated Issue listed on NASDAQ Global Market)
AsiaInfo Holdings, Inc. Issues Q4 2009 Outlook Above Analysts' Estimates
AsiaInfo Holdings, Inc. announced the for the fourth quarter of 2009, it expects net income from continuing operations per basic share to be in the range of USD0.28 to USD0.29 and net revenue (non-GAAP) to be in the range of USD70 million to USD72 million. Net revenue (non-GAAP), a non-GAAP measure, represents total revenue net of third-party hardware costs. According to Reuters Estimates, analysts on an average were expecting the Company to report GAAP earnings per share (EPS) of USD0.23 on revenue of USD69 million for the same period.
AsiaInfo Holdings, Inc.'s Subsidiary Enters Into Stock Purchase Agreement With Call Center International Limited
AsiaInfo Holdings, Inc. announced that Bonson Information Technology Ltd. (Bonson), a wholly owned subsidiary of the Company, has entered into a stock purchase agreement (the Purchase Agreement) with Call Center International Limited (Call Center) to purchase a 60% ownership stake in SmartCall Holding Limited (SmartCall), a wholly owned subsidiary of Call Center. Under the terms of the Purchase Agreement, Bonson acquired a 60% ownership stake in SmartCall for an aggregate consideration of up to $2.21 million; the payment is subject to the achievement of certain business goals by SmartCall.
AsiaInfo Holdings, Inc. Establishes Joint Venture Is Singapore
AsiaInfo Holdings, Inc. announced it has entered into a Joint Venture Agreement (the JV Agreement) with Alpha Growth International Pte Ltd (AGI) to expand its core business in Southeast Asia. AGI is a Singapore-based telecommunications services company with marketing and sales expertise in Southeast Asia. Pursuant to the JV Agreement, the Company and AGI will form a joint venture (the JV) in Singapore. The JV will have total issued and paid-up share capital of USD4.0 million. The Company will contribute USD2.8 million to the JV in cash, which represents 70% of the JV's share capital. AGI will contribute USD1.2 million to the JV in cash, which represents 30% of the JV's share capital. Pursuant to the JV Agreement, AsiaInfo has the right to elect a majority of the JV's board of directors. In connection with the JV Agreement, the Company and the JV have also entered into certain ancillary agreements pursuant to which the JV will serve as an exclusive agent of the Company to market and distribute AsiaInfo's telecommunications software and service solutions in certain countries in Southeast Asia.
AsiaInfo Holdings, Inc. To Build P2P SMS Settlement System For China Mobile
AsiaInfo Holdings, Inc. announced that it will develop a point to point (P2P) short message service (SMS) settlement system for China Mobile's headquarters.
AsiaInfo Holdings, Inc. Issues Q3 2009 Outlook; Revenue Outlook Above Analysts' Estimates
AsiaInfo Holdings, Inc. announced that for third quarter of 2009, it expects net income from continuing operations per basic share (EPS) to be in the range of $0.17-$0.18 and expects net revenue (non-GAAP) to be in the range of $60-$61 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $59 million and GAAP EPS of $0.17 for the same period.
