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July 20 (Reuters) – Malaysian telco Digi.Com Berhad (DSOM.KL) said on Tuesday that it had appointed a new chief financial officer effective August 2.
The company said Terje Borge will replace Stefan Carlsson who has resigned. Borge was CFO of DTAC in Thailand for the past three years, following several executive roles in Telenor Asia and Telenor International Mobile.
(Reporting by Razak Ahmad, Editing by Niluksi Koswanage)
July 9 (Reuters) – India is working to sort out restrictions on Chinese telecom equipment imports, Telecom Secretary P.J. Thomas said on Friday, but did not provide a timeframe for a decision. “We are working on that. We had a discussion with organisations, associations and they have of course helped us with their own suggestions,” he told reporters. (Reporting by Devidutta Tripathy; Editing by Ranjit Gangadharan)
RIYADH, June 13 (Reuters) – Atheeb Telecom 7040.SE, Saudi Arabia’s first private fixed-line phone operator, said on Sunday its top executive has resigned after it accumulated losses close to 40 percent of its capital one year after starting business.
Ahmad Abbas Sindi was replaced by Raed Kayyal, Atheeb said in a statement posted on the bourse’s website.
The company, which focuses mainly on broadband, started commercial operations in June, 2009.
It said last month its net losses stood at 379 million riyals between February, 2009 and March, 31, 2010 with sales of only 35.4 million riyals, which is below half the cost of sales themselves.
This has raised fears among investors that Atheeb would soon need to replenish its capital to keep the business running and competing with cash-laden rivals such as state-controlled Saudi Telecom 7010.SE and Mobily 7020.SE.
Bahrain Telecom BTEL.BH holds a 15 percent stake in Atheeb Telecom.
Saudi Telecom and Mobily dominate the broadband landscape, which offers the best growth potential in the Arab world’s largest economy.
Some analysts say Atheeb has put less focus on fixed-line voice services because it was bound to face a price war by Saudi Telecom.
Atheeb’s shares lost 15 percent since the firm started commercial operations. (Reporting by Souhail Karam; Editing by Thomas Atkins)
June 11 (Reuters) – OTE Telecom’s (OTEr.AT) Chief Executive Panagis Vourloumis was indicted on breach of trust charges related to procurement contracts, according to court documents seen by Reuters on Friday.
“The case concerns overpriced contracts between OTE, Intracom (INRr.AT) and Siemens (SIEGn.DE) between December 2004-07. With the same decision, 11 other (OTE) board members were cleared,” said a court official who requested anonymity.
OTE had no immediate reaction. (Reporting by Athens Bureau)
The Australian share market has reversed earlier gains and is trading largely flat.
Around 12:00 pm (AEDT) the All Ordinaries index was 4 points lower to 4,901.
The ASX 200 was also down 4 points at 4,892.
There are mixed results in most sectors today.
Miner BHP Billiton was 0.3 per cent higher, but Rio Tinto was down 0.6 per cent.
Out of the big four banks, ANZ and the Commonwealth Bank were 0.12 per cent lower and 0.77 per cent lower, respectively.
However, Westpac was 0.43 per cent higher and the National Australia Bank had added 0.4 per cent.
Telstra shares were up 2 cents to $3.08, after the telco announced a reshuffle of its executive team.
The Australian dollar was buying 90.5 US cents.
The Australian share market has reversed earlier gains and is trading largely flat.
Around noon (AEDT) the All Ordinaries index was 4 points lower to 4,901.
The ASX 200 was also down 4 points to 4,892.
There are mixed results in most sectors today.
Miner BHP Billiton was 0.3 per cent higher but Rio Tinto was down 0.6 per cent.
Of the big four banks, ANZ and the Commonwealth Bank were 0.12 per cent lower and 0.77 per cent lower, respectively.
However, Westpac was 0.43 per cent higher and the National Australia Bank had added 0.4 per cent.
Telstra shares were up 2 cents to $3.08 after the telco announced a reshuffle of its executive team.
The Australian dollar was buying 90.5 US cents.
More payphones are set to be removed in towns across central west New South Wales.
Telstra says the use of payphones dropped by more than 15 per cent a year since 2007, mainly due to the 22 million mobile phones connected in Australia.
The telecommunications carrier is planning to remove seven of Orange’s 36 phone boxes.
Last week, the Blayney council resolved to fight to keep four payphones in its shire that Telstra has earmarked for closure due to lack of patronage and vandalism.
These include payphones in Dalton and Woodward streets, which the telco says are located within 500 metres of other phones.
Another one earmarked for closure, on the eastern end of Bathurst Road, Telstra says is one of the most vandalised sites in Orange.
Telstra says residents of a newly constructed block of flats on Wentworth Lane have complained about having a phone box right outside.
New South Wales Housing and the Orange City Council have been provided with a list of the payphones under threat.
A report to this week’s Orange City Council meeting says the removal of some payphones may be an opportunity for people living in newer suburbs to lobby for one in their area.
Telstra is also proposing to remove three of the five payphones in the Oberon Shire, located at Hampton, O’Connell and Oberon.
People in the Orange and Oberon areas have until mid-May to make submissions to Telstra.
Sydney, July 2 (ANI): Tech Mahindra, the new owner of the troubled Indian IT services firm Satyam, has officially written to the World Bank seeking an end to the eight-year ban against Satyam Computer Services for allegedly providing improper benefits to bank staff.
The company has rebranded itself as Mahindra Satyam.
“We wrote to the bank a few weeks ago. We don’t expect an immediate response as these things take time but we disagree with the claims they’ve made,” Australian IT quoted Tech Mahindra executive vice-chairman Vineet Nayyar, as saying in Sydney.
Satyam was blacklisted last September and a month later was forced to deny reports that its contractors had installed spy software on World Bank computers.
Tech Mahindra also said that it remains committed to developing a 75 million dollar IT facility in Geelong and will continue to service Telstra despite losing a 30 million dollar-plus contract.
Nayyar reaffirmed the company’s commitment in talks with Victorian Innovation Minister Gavin Jennings this week.
“We’re committed to the project (but) we’ve got due diligence in place. The goal is to complete the project but we need to investigate how much investment is needed,” Nayyar said.
The Geelong project was announced more than a year ago with Satyam as the main financial backer, in partnership with the Victorian government, the City of Greater Geelong and Deakin.
The software hub was to create 2000 jobs, a welcome reprieve for a region afflicted by automotive industry job losses.
Satyam’s local chief, Venki Prathivadi, said Telstra was still a customer despite reports that TELCO had severed all ties.
“We had a five-year contract with Telstra from 2003 and we fully served it. Telstra put out a request for proposals and we made it to the short list,” Prathivadi said.
Satyam still has contracts worth 135 million dollars with Qantas and 12 million dollars with Suncorp. (ANI)
Melbourne, Mar.24 (ANI): Bangalore-based software giant Infosys will pick up most of IBM Global Services’ multi-million dollar applications support contract with Australian software giant Telstra, after the latter’s deal with the former was scrapped following TELCO reducing its outsourcing partners from four to two.
According to The Australian, the decision to shift from IBM to Infosys could result in hundreds of job losses locally and in Bangalore, where IBM operates outsourcing centres.
IBM GS staff were told the scratching of the vendor’s software support would represent about 50 per cent of its one billion dollar, six-year deal with Telstra, signed in early 2006.
Telstra’s decision to drop IBM was a big surprise to IBM GS staff, who expected the contract to continue until 2012.
The deal was lost not because of performance issues but because Infosys low-balled the IBM offer, sources said.
Telstra has been reviewing its IT outsourcing contracts with Satyam, EDS, IBM GS and Infosys since last year, when the TELCO announced it would trim its list of major IT suppliers from four to two in an effort to reduce costs and streamline its providers. (ANI)
Chakan (Maharashtra), Feb 25 (ANI): It is ‘Curtains Up’ for Mercedes-Benz India’s assembly plant at Chakan near Pune to roll out the famed classic cars on Indian soil.
This manufacturing facility was formally inaugurated at a well attended function on Tuesday (February 24).
The new plant was completed in just over a year from the date its construction commenced.
According to the officials of the Mercedes-Benz India, a hall mark of this plant, spread over an area of 100 acres, is that it has been one of the fastest green-field projects executed in India.
Right from land acquisition to independent assembly facilities for passenger cars and commercial vehicles, the infrastructure was created to address future expansion needs, underscoring the long-term growth plans of the company in India.
The company will manufacture 5000 cars and 1200 commercial vehicle and will employ 500 technicians and allied workers.
Dr. (Ing) Wilfried Aulbur, Managing Director and Chief Executive Officer of Mercedes-Benz India said that this plant will mark the beginning of a new era for the company in India to see new products roll off the assembly line.
“It has been pretty fast construction. We started 13 months back. It is state-of-the-art assembly facility. It has standard processes and sets a bench mark both on the passenger car side in the commercial vehicle side. In terms of technology, it has the latest technology, latest measurement technology for example CMM machines, roller tester, high pressure, shower tester to make sure we can build the kind of cars, we have built in the past, even faster and even with higher quality,” said Dr. (Ing) Wilfried Aulbur.
He also mentioned that the company implemented shared services with its Bangalore operations and in the process of installing the first engineering team at the Chakan plant.
Mercedes-Benz had its first association with India in 1954 when it collaborated with Tata Engineering Locomotive Company (TELCO) for the production of trucks under the name Tata Mercedes-Benz (TMB) which ruled the Indian roads ferrying tonnes of freight. (ANI)
Chakan (Maharashtra), Feb 25 (ANI): It is ‘Curtains Up’ for Mercedes-Benz India’s assembly plant at Chakan near Pune to roll out the famed classic cars on Indian soil.
This manufacturing facility was formally inaugurated at a well attended function on Tuesday (February 24).
The new plant was completed in just over a year from the date its construction commenced.
According to the officials of the Mercedes-Benz India, a hall mark of this plant, spread over an area of 100 acres, is that it has been one of the fastest green-field projects executed in India.
Right from land acquisition to independent assembly facilities for passenger cars and commercial vehicles, the infrastructure was created to address future expansion needs, underscoring the long-term growth plans of the company in India.
The company will manufacture 5000 cars and 1200 commercial vehicle and will employ 500 technicians and allied workers.
Dr. (Ing) Wilfried Aulbur, Managing Director and Chief Executive Officer of Mercedes-Benz India said that this plant will mark the beginning of a new era for the company in India to see new products roll off the assembly line.
“It has been pretty fast construction. We started 13 months back. It is state-of-the-art assembly facility. It has standard processes and sets a bench mark both on the passenger car side in the commercial vehicle side. In terms of technology, it has the latest technology, latest measurement technology for example CMM machines, roller tester, high pressure, shower tester to make sure we can build the kind of cars, we have built in the past, even faster and even with higher quality,” said Dr. (Ing) Wilfried Aulbur.
He also mentioned that the company implemented shared services with its Bangalore operations and in the process of installing the first engineering team at the Chakan plant.
Mercedes-Benz had its first association with India in 1954 when it collaborated with Tata Engineering Locomotive Company (TELCO) for the production of trucks under the name Tata Mercedes-Benz (TMB) which ruled the Indian roads ferrying tonnes of freight. (ANI)
Chakan (Maharashtra), Feb 25 (ANI): It is ‘Curtains Up’ for Mercedes-Benz India’s assembly plant at Chakan near Pune to roll out the famed classic cars on Indian soil.
This manufacturing facility was formally inaugurated at a well attended function on Tuesday (February 24).
The new plant was completed in just over a year from the date its construction commenced.
According to the officials of the Mercedes-Benz India, a hall mark of this plant, spread over an area of 100 acres, is that it has been one of the fastest green-field projects executed in India.
Right from land acquisition to independent assembly facilities for passenger cars and commercial vehicles, the infrastructure was created to address future expansion needs, underscoring the long-term growth plans of the company in India.
The company will manufacture 5000 cars and 1200 commercial vehicle and will employ 500 technicians and allied workers.
Dr. (Ing) Wilfried Aulbur, Managing Director and Chief Executive Officer of Mercedes-Benz India said that this plant will mark the beginning of a new era for the company in India to see new products roll off the assembly line.
“It has been pretty fast construction. We started 13 months back. It is state-of-the-art assembly facility. It has standard processes and sets a bench mark both on the passenger car side in the commercial vehicle side. In terms of technology, it has the latest technology, latest measurement technology for example CMM machines, roller tester, high pressure, shower tester to make sure we can build the kind of cars, we have built in the past, even faster and even with higher quality,” said Dr. (Ing) Wilfried Aulbur.
He also mentioned that the company implemented shared services with its Bangalore operations and in the process of installing the first engineering team at the Chakan plant.
Mercedes-Benz had its first association with India in 1954 when it collaborated with Tata Engineering Locomotive Company (TELCO) for the production of trucks under the name Tata Mercedes-Benz (TMB) which ruled the Indian roads ferrying tonnes of freight. (ANI)
Chakan (Maharashtra), Feb 25 (ANI): It is ‘Curtains Up’ for Mercedes-Benz India’s assembly plant at Chakan near Pune to roll out the famed classic cars on Indian soil.
This manufacturing facility was formally inaugurated at a well attended function on Tuesday (February 24).
The new plant was completed in just over a year from the date its construction commenced.
According to the officials of the Mercedes-Benz India, a hall mark of this plant, spread over an area of 100 acres, is that it has been one of the fastest green-field projects executed in India.
Right from land acquisition to independent assembly facilities for passenger cars and commercial vehicles, the infrastructure was created to address future expansion needs, underscoring the long-term growth plans of the company in India.
The company will manufacture 5000 cars and 1200 commercial vehicle and will employ 500 technicians and allied workers.
Dr. (Ing) Wilfried Aulbur, Managing Director and Chief Executive Officer of Mercedes-Benz India said that this plant will mark the beginning of a new era for the company in India to see new products roll off the assembly line.
“It has been pretty fast construction. We started 13 months back. It is state-of-the-art assembly facility. It has standard processes and sets a bench mark both on the passenger car side in the commercial vehicle side. In terms of technology, it has the latest technology, latest measurement technology for example CMM machines, roller tester, high pressure, shower tester to make sure we can build the kind of cars, we have built in the past, even faster and even with higher quality,” said Dr. (Ing) Wilfried Aulbur.
He also mentioned that the company implemented shared services with its Bangalore operations and in the process of installing the first engineering team at the Chakan plant.
Mercedes-Benz had its first association with India in 1954 when it collaborated with Tata Engineering Locomotive Company (TELCO) for the production of trucks under the name Tata Mercedes-Benz (TMB) which ruled the Indian roads ferrying tonnes of freight. (ANI)
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