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Wireless Telecommunications Services

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Talkweb Information System sees H1 2017 net profit could rise up to 30 pct

Friday, 28 Apr 2017 05:25am EDT

April 28 (Reuters) - Talkweb Information System Co Ltd <002261.SZ>: :* Sees net profit for H1 2017 to could rise up to 30 percent, or to be 129.2 million yuan to 168.0 million yuan, compared to net profit of the same period in 2016 (129.2 million yuan).* Comments that increased sales of education business is the main reason for the forecast.

Millicom signs sale and lease back deal in Paraguay

Wednesday, 26 Apr 2017 01:59am EDT

April 26 (Reuters) - Millicom :Millicom signs agreement to sell and lease back towers to American Tower in Paraguay.Says its subsidiary Telefonica Celular del Paraguay S.A. (Tigo Paraguay) has agreed to sell approximately 1,400 wireless communications towers .Says as a result of transaction, Tigo Paraguay will receive approximately GS700 billion, equivalent to US $125 million, in cash.

Straight Path board says offer of $104.64/shr to buy co is “superior proposal”

Tuesday, 25 Apr 2017 06:45am EDT

April 25 (Reuters) - Straight Path Communications Inc :Straight Path board determines that an unsolicited offer from a multi-national telecommunications company to acquire Straight Path for $104.64 per share constitutes a “superior proposal”.Straight Path Communications Inc - co has notified AT&T of Straight Path board's determination.Straight Path Communications - under AT&T agreement, co required to pay a $38 million termination fee to AT&T if board terminates AT&T merger agreement.Straight Path Communications - AT&T has option for next five business days to negotiate a possible amendment of that agreement to match or exceed bidder's offer.Straight Path Communications - bidder has agreed to pay termination fee to AT&T on Straight Path's behalf if Straight Path board terminates AT&T agreement.

Reliance Communications gets members' nod for demerger of wireless business into Aircel

Monday, 24 Apr 2017 04:16am EDT

April 24 (Reuters) - Reliance Communications Ltd :Says Reliance Communications receives its shareholders' approval with 99.99 pct majority for the demerger of wireless business into Aircel Limited.Transaction will reduce rcom debt and deferred spectrum liability by INR 200 billion.Says Rcom and promoters of Aircel to hold 50% each in ‘Mergedco’ with equal representation on board and committees.Says combined entity to enjoy enhanced business continuity through extended validity of spectrum till 2033-2036.NPV of capex and opex synergies estimated at INR 200 billion.Shareholders of Aircel Limited approved the scheme at meeting held on April 22nd, 2017, convened under the order of the NCLT.Merged entity will have spectrum holding aggregating 448 mhz across the 850, 900, 1800 and 2100 mhz bands.Aircel’s debt will reduce by INR 40 billion upon completion of the transaction.

China Mobile Ltd says Q1 operating revenue was RMB184.0 billion

Thursday, 20 Apr 2017 06:30am EDT

April 20 (Reuters) - China Mobile Ltd <0941.HK>::China Mobile-unaudited Key Performance Indicators For The First Quarter Of 2017 <<<0941.HK>>>.Q1 operating revenue was RMB184.0 billion, up by 3.7 pct over same period last year.Q1 profit attributable to equity shareholders was RMB24.8 billion, up by 3.7 pct over same period last year.As at 31 March 2017 wireline broadband business average revenue per user per month 32.6.As at 31 March 2017, total number of wireline broadband customers was 85.68 million, representing a net increase of 8.06 million for Q1.As at 31 March 2017, total number of mobile customers was around 856 million.As at 31 March 2017, ARPU of mobile customers increased by 1.6 pct year-on-year to RMB58.5.

Beijing Bewinner Communications sees H1 2017 net profit up 215.5-245.3 pct

Wednesday, 19 Apr 2017 11:05pm EDT

April 20 (Reuters) - Beijing Bewinner Communications Co Ltd <002148.SZ>: :* Sees net profit for H1 2017 to increase by 215.5 percent to 245.3 percent, or to be 71.3 million yuan to 78 million yuan, compared to net profit of the same period in 2016 (22.6 million yuan).* Comments that human resources structure optimizing and business restructuring are the main reasons for the forecast.

Aprogen Healthcare & Games to divest illumination business into new subsidiary

Tuesday, 11 Apr 2017 02:59am EDT

Aprogen Healthcare & Games Inc <109960.KQ> : Says it plans to divest illumination business into a new subsidiary .Divestiture date is June 30.

AT&T enters to acquire Straight Path Communications in all stock deal

Monday, 10 Apr 2017 08:30am EDT

Straight Path Communications Inc : AT&T enters into definitive agreement to acquire Straight Path Communications for $95.63 per share in all stock deal . Deal for $95.63 per share . Deal for $95.63 per share . Straight Path shareholders will receive $1.25 billion, or $95.63 per share, which will be paid using AT&T stock . Transaction has a total value of $1.6 billion which includes liabilitiesDeal supported by Straight Path's majority shareholder, Howard Jonas, who has entered into a voting agreement with AT&T . Transaction was approved by board of directors of both companies . Howard Jonas entered into a voting agreement with AT&T and agreed to vote his class a shares in support of transaction .AT&T is to acquire straight path in an all-stock merger intended to qualify as a tax-free reorganization.

Japan Communications says uncollectible or delayed receivables

Monday, 10 Apr 2017 05:19am EDT

Japan Communications Inc <9424.T> : Says concern of uncollectible or delayed receivables of 374.7 million yen from a Tokyo-based company, which is engaged in electronic payment processing business .This is due to bankruptcy of the Tokyo-based company.

Hangzhou Huaxing Chuangye Communication Technology sees Q1 FY 2017 net profit to down 20 pct to 40 pct

Monday, 10 Apr 2017 04:42am EDT

Hangzhou Huaxing Chuangye Communication Technology Co Ltd <300025.SZ> : Sees net profit for Q1 FY 2017 to decrease by 20 percent to 40 percent, compared to net profit of Q1 FY 2016 (5.2 million yuan) .Says increased interest expense and decreased gross margin in traditional business as main reasons for the forecast.

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