» Telecom N.Z. May Follow India’s Reliance in Move to GSM Network

Telecom N.Z. May Follow India’s Reliance in Move to GSM Network

Filed under:

India news

Telecom N.Z. May Follow India’s Reliance in Move to GSM Network

Telecom Corp., the worst-performing stock on New Zealands benchmark index this year, may have to spend NZ$400 million ($264 million) to switch mobile phone technology because of dwindling global support for its system.

The former government monopoly uses CDMA, or code-division multiple access technology, a system that has seen its global market share drop to 18 percent, from 21 percent in 2004. GSM technology, used by rival Vodafone Group Plc, has 82 percent, attracting more investment from handphone makers.

The risks are moving a little bit against us, said Telecom Chief Financial Officer Marko Bogoievski. The company isnt yet at a stage where it would choose to dump its existing technology, he said in an interview.

More : bloomberg.com

Related Travel Information

India Debuts Mobile TV Channel

India Debuts Mobile TV Channel Reliance Infocomm introduced a full-fledged English TV news channel on mobile phones in India Monday through its wireless carrier Reliance IndiaMobile, underscoring a trend among carriers to move into more lucrative offerings. The channel, called Times Now, is a joint offering from Times Group, South Asia’s largest and most profitable media conglomerate, and Reuters. The streaming news will be available through Reliance IndiaMobile’s R World service. A similar channel that will run on televisions will premiere later this week. Reliance premiered R World several years ago, treating users to cricket scores, Bollywood movie trailers, news

India Debuts Mobile TV Channel

Russia asks India to follow nuke norms

Russia asks India to follow nuke norms MOSCOW: Russia on Tuesday promised continued cooperation in the area of civil nuclear energy, but stressed that the process would move in tandem with the steps members of the Nuclear Suppliers’ Group have asked India to take. The position, crucial for India’s attempt to source fuel for the Tarapur atomic energy plant and to build new reactors, was laid down by Russian President Vladimir Putin at the press conference he addressed with PM Manmohan Singh at the Kremlin. Asked if Russia would take the lead to ensure that the rules laid down by the

TNT to invest 100 m euro in India — Rolls out domestic services

TNT to invest 100 m euro in India — Rolls out domestic services TNT, global provider of mail, express and logistics services, on Wednesday announced the launch of its domestic services in India. The company will be investing 100 million euro ($121 million) in the Indian market over the next five years. The India plan of TNT is in line with its global strategy of focusing on building networks in emerging markets. This makes TNT the first multinational brand in India to offer both international and domestic services using an integrated air and road network. The company is targeting to

Spice to go all India with $2.5-b kitty

Spice to go all India with $2.5-b kitty Delhi-based BK Modi groups MCorp Global has decided to invest up to $2.5 billion (Rs 11,700 crore) over two to three years in its flagship firm Spice Communications for expanding cellular business across the country. Spice would spend around $2 billion in entering new telecom service areas and around $500 million in expanding the existing business. At present, Spice has presence in just two telecom circles (service areas) — Punjab and Karnataka, with revenues of under Rs 600 crore and very small net profit. Now, to cash in on the telecom boom in

India News