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Moody's upgrades Banglalink's ratings to Ba3; outlook stable

Moody’s Investors Service has upgraded Banglalink’s corporate family rating and senior unsecured rating to Ba3 from B1. At the same time, Moody’s has maintained the company’s stable ratings outlook. “The ratings upgrade reflects improvements in Banglalink’s leverage and cash flows as operational performance has been solid, while profitability has improved and capex has moderated as the company’s 3G network has ... Read More »

America Movil Posts Net Loss on Weaker Local Currencies

Published on: 20th Oct 2015 Mexico based America Movil has dropped into a net loss for the third quarter of this year as weak currencies took their toll on the company. The company posted a net loss of MXN2.88 billion (USD175 million) for the three months to the end of September, compared with a net profit of MXN12.6 billion a year ... Read More »

Huawei to Offer $1 Billion to Developers Over 5 Years

Huawei has used its first Huawei Developers Congress (HDC) to announce its open ICT developer ecosystem strategy and a Development Enabler Plan which will make up to USD1 billion available to support developers. “Huawei has focused on ICT infrastructure, opened up its innovative and leading ICT solutions to developers, and built an open environment and enablement platform for the carrier and ... Read More »

Fitch Solutions: TeliaSonera CDS at Widest Level in Four Years

Published on: 20th Oct 2015 TeliaSonera’s five year Credit Default Swaps (CDS) widened 73% Thursday to price at the widest levels observed in four years, according to Fitch Solutions in its latest CDS Case Study Snapshot. After consistently trading at ‘AA/AA-‘ levels for the past year, based on current spread levels, the market is pricing TeliaSonera’s credit risk in ‘BBB’ ... Read More »

Apple Taking Down Hundreds of Apps That Leaked Personal Information

Published on: 20th Oct 2015 Apple has started removing apps which had been approved by its iTunes checkers despite collecting private user data without permission. Researchers at SourceDNA released details of at least 250 apps that it found included code for private API calls in breach of Apple’s own guidelines. The private API’s enabled the apps to collect personal information ... Read More »

Qualcomm Signs Agreement to Sell Vuforia Business to PTC

Published on: 20th Oct 2015 Qualcomm has signed a definitive agreement to sell its Vuforia business to PTC, an IoT developer. Under terms of the agreement, PTC will acquire the Vuforia business, including the developer ecosystem. Vuforia is a mobile vision platform that enables applications to see, connecting the physical world with digital experiences that demand attention, drive engagement and ... Read More »

Mobilink and Banglalink both have growth potential, despite regulatory challenges

Moody’s Investors Service says that Pakistan Mobile Communications Limited (Mobilink) and Banglalink Digital Communications Limited (Banglalink) exhibit similar growth potential, but that Banglalink faces greater challenges from potential spectrum auctions and sizeable foreign currency exposures. “Both Mobilink and Banglalink have significant potential for revenue growth, since wireless penetration and average revenue per user in Pakistan (B3 stable) and Bangladesh (Ba3 ... Read More »

Sprint to Crawl its Heavy Downloaders

Published on: 19th Oct 2015 USA based Sprint is to start slowing the mobile data speeds of people who use above a certain amount of their unlimited data plan. The new policy should only affect a small minority of users who exceed a 23GB per month download limit. Unlike some networks who cut the service, Sprint will simply throttle the ... Read More »

IBM Research, Carnegie Mellon Platform Helps the Blind Navigate Surroundings

Scientists from IBM Research and Carnegie Mellon University have announced the first open platform designed to support the creation of smartphone apps that can enable the blind to better navigate their surroundings. The IBM and CMU researchers used the platform to create a pilot app, called NavCog, that draws on existing sensors and cognitive technologies to inform blind people on ... Read More »

Argentine Regulator Blocks Sale of Telecom Argentina

Published on: 19th Oct 2015 Argentinean regulators have blocked the sale of a controlling stake in Telecom Argentina to the Mexican investor, David Martinez claiming that his Fintech Group lacks the necessary qualifications to operate a telecoms network. Fintech had planned to buy a 68 percent stake in Telecom Argentina which was indirectly held by Telecom Italia. The Italian firm ... Read More »