Elite ups stake in Mobile World Group to 7.2%

By
Posted

Mutual Fund Elite has invested $15.3 million (VND 326 billion)  to purchase 3,198,714 shares of Mobile World Group (MWG), increasing its ownership in the mobile retail chain, to 7,708,207 shares. This represent 7.23% of the total equity in the MWG, making Mutual Fund Elite one of the major shareholders in the… Read more »

PH telco Globe registers 198% jump in income

By

Philippine-based telco Globe Telecom has reported a net income surge of 198% for the first nine months of the year (January-September 2014). Its net profit increased by 22%, year on year for the same period, on the back of increasing consumer base and higher data connectivity demand in the country, said the company. The net income surged… Read more »


Samsung to invest $3b in Vietnam phone facility

By

Electronics major Samsung plans expand it’s smartphone manufacturing facility in Vietnam by investing $3 billion in a second plant, next to its existing facility in the country’s Thai Nguyen province. Thai Nguyen province has officially granted an investment license to Samsung Electronics Vietnam Thainguyen (SEVT) for building the new mobile phone factory, next to… Read more »


PH set for smartphone explosion in 2015

By

Next year, Philippines is expected to witness an explosion of premier smartphone users, says the country-based telecom operator Smart Communications (Smart) The smartphone user penetration, which stands at 15% of the population, is expected to go up to 50% in 2015, the company added, citing a study by On Device Research. Smart has already… Read more »


Coins.ph plans iOS Bitcoin wallet app

By

Philippine-based Bitcoin exchange Coins.ph is planning to launch an iOS version of its mobile wallet app, designed specifically for Filipinos. The iOS version (just like the recently launched Android version) will allow users to shop online, and send cash anywhere in the Philippines. Christine Aguilar from the Coins.ph marketing team said… Read more »


MMCP taps ICT Davao for tech biz

By

The Malaysian Mobile Content Provider Association (MMCP) has signed a partnership with the ICT Davao Incorporated (IDI), an umbrella organization of information and communication technology groups hosted by Davao City in the Philippines. MMCP president Johary Mustapha led the signing of the memorandum of agreement (MOA) with IDI during the… Read more »


Thailand’s JAS plans internet infra fund

By

Jasmine International (JAS), Thai integrated telecommunication service provider, is planning to raise money through an Internet infrastructure fund this year. This fund is expected to fuel the company’s massive investment plans for fiber optic expansion in the year 2015. JAS has already appointed BBL Asset Management (BBLAM) as a financial… Read more »


Global telcos vie for stake in Vietnam’s MobiFone

By

Several European and Asian carriers are in the race to pick up a minority strategic stake in Vietnam’s second largest mobile operator MobiFone before its proposed listing in 2015, a banker tracking the development, and declined to be named, said. Norway’s Telenor ASA , which recently began rolling out mobile… Read more »


Globe Telecom offers Google apps for business to SMEs

By

Google by-certified telco reseller, Globe Telecom, has launched a full suite of productivity tools from the search engine giant Google, offering it to micro, small and medium-sized enterprises (mSMEs) in Philippines. Dubbed Google Apps for Business, the new service is designed to help people work from anywhere on any device…. Read more »


Last minute hotel booking app launches in Myanmar

By

“A couple years back, Myanmar was uncharted territory,” said CEO and CoFounder of the startup company Tomas Laboutka. “Now the country is booming with new hotels opening up constantly. We wanted to make sure we could serve our customers travelling in the region by offering the best rates in the… Read more »