Category: tkagziof

United Utilities celebrates good first-half results

first_img whatsapp whatsapp Caitlin Morrison Tags: Company United Utilities Group Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap Share United Utilities celebrates good first-half results Wednesday 26 November 2014 8:21 pm REVENUE improved at United Utilities in the six months to 30 Sept­em­ber, up to £859.4m from £845.7m in the same period of last year, while operating profit also improved, up to £340.5m from £338.3m.Steve Mogford, chief executive at United Utilities, said the firm was “pleased with the progress we have made over the last few years”.He stated that the strong performance during the first half of the 2014 financial year had allowed the company to reinvest around £280m “for the benefit of all our stakeholders”.He continued: “In addition, our customers are set to benefit from below inflation growth in average household bills for the decade to 2020. The next regulatory period will place more emphasis on operational performance. Our significant improvements and the foundations we have built provide a solid platform for the future.”Mogford added: “We are now a leading operational performer in our sector, having delivered or exceeded our outperformance targets, and are one of the most improved water companies for customer satisfaction.” Water regulator Ofwat is currently assessing the water companies’ business plans for the 2015-2020 cycle, which will determine the cost of customers’ bills.Angelos Anastasiou, utilities analyst at Whitman Howard, said that al­though United Utilities’ results were “all good, and much as expected”, the outcome of that price review remains “of greater interest”.Shares in United Utilities dropped by 0.66 per cent yesterday. Show Comments ▼last_img read more

Read More »

The night-time economy just got its own industry group

first_img Jessica Morris Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Kevin Can F**k Himself’ TV Review: Annie Murphy Blows Up the Idea of aThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap The £66bn night-time economy will now be backed by its own industry group, which has been set up to trumpet the broad-based contribution it makes to the UK.The Night Time Industries Association (NTIA) said it will be making the case for the sector, which was responsible 1.3m jobs and £66bn in annual revenue back in 2010 according to a study by consultancy TBR. Board members include Dance Tunnel’s Dan Beaumont who set up popular venue Dalston Superstore in Hackney, as well as Alex Proud of Proud Group who owns Proud nightclub in Camden.”We want to provide a voice for those in the night time industries [ranging from] single venue operator to those with numerous venues,” Alan Miller, group chairman and cofounder of East London’s Old Truman Brewery, said.Over the past year a number of late night venues across London have been forced to shut down including legendary nightclub Madame Jojo’s in Soho.The club’s license was revoked following a violence incident, however local Labour councillors subsequently called for it to reopened but under new management.They had argued: “There is precious little left of what made Soho unique. There is no need for more burger bars, pizza places and bland restaurants – there are plenty of these a few minutes away in the rest of the West End.” whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift Verdictcenter_img Show Comments ▼ whatsapp Tags: NULL Thursday 7 May 2015 6:08 am The night-time economy just got its own industry group last_img read more

Read More »

News / Technology and upfront payments is the way out of shipping’s vicious circle, says Maersk

first_img Container shipping must undergo digitisation and shift to upfront payments to climb out of its current groundhog day financial depression.Speaking at TPM Asia in Shenzhen, Maersk Line global sales head Michael Hansen said digitisation could partly solve the current “vicious circle” of container supply outstripping demand and what he termed the “high cost of low prices”.“None of us can live with the current state of affairs. Very low freight rates lead to very transactional behaviour both from us as carriers and equally our customers.”He said the outset of low freight rates leads to far higher overall supply chain costs, because transactional behaviour – such as price shopping, broken contracts, and no-show bookings – leads to carrier cost-cutting via blanked sailings, reduced schedule buffer times and reduced spending on service recovery.“We have a tremendous amount of bookings that never show up, leading to vessels leaving empty, or we overbook them to an extent we no longer control cargo flows and we’re forced to leave containers behind,” he added. On the other hand, Mr Hansen said, moving freight bookings online and digitising container shipping in the same way passengers book air fares could eliminate transaction volatility and allow carriers to compete “not just on the ocean leg but on the overall customer experience, much like we experience as consumers ourselves”.Maersk Line believes publishing complete and transparent prices online and shifting to upfront payments will lead to greater service reliability for shippers and greater revenue reliability for carriers.“We need to make sure that our customers know what they’re paying for is also what they’re getting. Similarly, we need to make sure that we as a carrier can rely on bookings and payments from our customers,” Mr Hansen added.“More than anything else shippers need to know when containers are going to arrive, it’s pretty basic and yet so difficult in this industry, but that is what we all must aim to achieve. But there are some fundamentals that need to change if we are to get to that position.”After Hanjin, and with the current supply and demand outlook pointing to more of the same for global container shipping, Mr Hansen thinks the industry needs to move forward into one which is “more progressive” than today’s status quo.“Our aspiration is to both offer a good service, and an online experience that meets the requirements of our customers, that gets the predictability and reliability that they’re asking for while we also maintain low costs.”He said it would give the industry the opportunity to work more efficiently and reduce the current high levels of waste, meaning capital can be reinvested to create a more positive outlook. He cited Maersk’s recent investment in 45,000 remote tracking reefer containers as an example.Mr Hansen also warned the industry needs to change lest it be disrupted by new entrants.“It’s no coincidence that an industry like this has got a number of start-ups knocking at our doors and at the doors of our customers.“Someone once said – and excuse my French – if you have an industry with shit service then you deserve to be disrupted.“That is the reality that all the shipping lines are faced with today, all the freight forwarders, and that is the challenge that we must collectively rise to.” By Sam Whelan in Shenzhen 12/10/2016center_img © Xuejingwen last_img read more

Read More »

News / Full ships and threat of rollovers keep ocean rates ‘healthy’

first_img By Mike Wackett 20/12/2019 Long Beach, © trekandshoot | Dreamstime.com CMA CGM will raise its Asia-North Europe 40ft FAK rate by 18% on 1 January to $2,600, responding to tightening capacity ahead of Chinese New Year holiday.Indeed, carriers The Loadstar has spoken to this week all report “full ships” in the lead up to the CNY which falls on 25 January.“Overall it is a very healthy market,” Martin Holst-Mikkelsen, head of ocean at Flexport, told The Loadstar today, “a number of services are reported full through the first and second week of January, and some vessels are closed for bookings.”Following last week’s 11.6% jump, container spot rates for North Europe, according to today’s Shanghai Containerized Freight Index (SCFI), show a further gain of 5.7% to $944 per teu.And the indications in the market are that the $1,000 per teu mark could be breached in early January, as the threat of rollovers pushes up rates.One UK forwarder told The Loadstar he was “struggling” to get rates for January shipments from his main carriers.“We will do a deal of course, but they have the whip hand at the moment,” he added.Moreover, carriers are taking steps to ensure freight rates do not crash due to soft demand after the holiday shutdown. On Monday, the 2M Alliance partners, Maersk and MSC, joined Ocean THE alliances members in publishing extensive post-CNY blanking programmes.MSC said it would void a number of headhaul Asia-North Europe and Asia-Mediterranean sailings right up to week 13 of 2020. It said: “The change will help us to match capacity with the expected weaker demand for shipping services.”Mr Holst-Mikkelsen said he expected disciplined capacity management by the carriers to continue into next year, with a reduction in the range of 15-20% of capacity in the two months following CNY.Meanwhile, SCFI reports spot rates for Mediterranean ports ticked up 1.2% this week, to $1,096 per teu, a breather after the massive 41% leap recorded last week.For this lane, headhaul vessels are also reported full and the Ningbo Containerized Freight Index commentary today says supply and demand fundamentals “remain in good condition” and that space is “tight”.On the transpacific, shippers are still taking stock of the announcement this week of a suspension by the US of the planned 15% tariffs on $160bn of Chinese imports, and the 50% reduction, to 7.5%, on the duty on $112bn of other imports.Nevertheless, demand is weaker than expected for the peak weeks before the CNY, and reports to The Loadstar are of utilisation levels at 95%, at best, on headhaul sailings this week.As a consequence, the US components of the SCFI recorded some slippage. For the US west coast, rates were down 2% to $1,342 per 40ft, while for east coast ports, there was a decline of 2.4%, to $2,451 per 40ft.Adopting a similar strategy to Asia-Europe, transpacific carriers have announced a substantial number of blank sailings for after the CNY.And as we near the end of the year, carriers have some reason to be cheerful, according to David Kerstens, of equity research analysts Jefferies. He said, in an upbeat note to investors, today: “Container freight rates are at the highest level in five years, after an 18% recovery this month, driven by bunker surcharges ahead of IMO 2020, a tightening market, with 6% of capacity idle for scrubber retrofits, a pick-up in demand ahead of CNY and easing global trade concerns.”last_img read more

Read More »

FDA scolds Eisai after a rep makes off-label statements to doctors

first_img STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. About the Author Reprints By Ed Silverman Oct. 17, 2018 Reprints Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED @Pharmalot Pharmalot Log In | Learn More In an unexpected move, the Food and Drug Administration has scolded a drug maker because one of its sales reps discussed unapproved uses of a medicine at a luncheon meeting for physicians.The episode involved an Eisai sales rep, who made the remarks about the Fycompa epilepsy drug, according to a letter the agency sent the drug maker last week and posted on its website on Wednesday. It is not clear what unapproved use the rep was discussing or the details of the event, however, because portions of the letter were redacted. What is it? What’s included?center_img [email protected] GET STARTED APStock Tags pharmaceuticalspolicySTAT+ Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. FDA scolds Eisai after a rep makes off-label statements to doctors Ed Silvermanlast_img read more

Read More »

$120 Million to Continue Enhancement of Basic Schools Project in 2006/07

first_imgRelated$120 Million to Continue Enhancement of Basic Schools Project in 2006/07 Related$120 Million to Continue Enhancement of Basic Schools Project in 2006/07 Related$120 Million to Continue Enhancement of Basic Schools Project in 2006/07 Advertisementscenter_img FacebookTwitterWhatsAppEmail The Enhancement of Basic Schools Project, a programme under the Ministry of Education and Youth, is slated to receive some $120 million to continue its work during the 2006/2007 financial year.The money has been allocated in the 2006/07 Estimates of Expenditure, which was tabled in the House of Representatives, by Minister of Finance and Planning, Dr. Omar Davies today (April 12).The project, which was initiated in April 2002 and will run until September 2006, is geared towards enabling the optimal learning and development of young children.Funded by the Caribbean Development Bank and implemented by the Ministry of Education and Youth, up to February 2006, achievements made by the project included the establishment of a project implementation unit; collection and analysis of baseline data; the completion of island wide sensitisation workshops on new learning environment; completion of National Council for Technical Vocational Education and Training (NCTVET) assessors’ training for 81 education officers, and the completion of NCTVET Level Two training for 480 early childhood practitioners.For the 2006/2007 year period, the anticipated physical targets of the Enhancement of Basic School Project are to: complete the construction and renovation of the Hope Village and Yallahs Basic schools; commence construction at the D.R.B Grant Basic School and Resource Centre; complete pre-construction work for four basic schools, one infant department and four centres, and determine the registration status of 2,500 Early Childhood institutions. $120 Million to Continue Enhancement of Basic Schools Project in 2006/07 UncategorizedApril 12, 2006last_img read more

Read More »

Anderson Valley Mourns the Passing of Jeff Hansen

first_imgEmail Facebook Previous articleAfternoon Brief, June 7Next articleChâteau de Pommard Presents Rootstock 2018, Burgundy’s Music, Wine and Food Festival Press Release Pinterest Linkedin Twitter AdvertisementHonored Founding Member of Lula Cellars Passes Away on June 5, 2018MENDOCINO COUNTY, CA – (June 8, 2018) – Jeff Hansen, the founder of Anderson Valley’s Lula Cellars and a beloved figure in winemaking, passed away on June 5 at UCSF Medical Center in San Francisco. He was 66.In May 2017, after more than three decades of making award-winning California wines, Hansen stepped down as winemaker at Lula Cellars, the label he named after his grandmother. He retained the title of Founder, and also served as Winemaker Emeritus of the limited production, ultra-premium winery. As Winemaker Emeritus, he was available to Lula Cellars for special projects, grower development and production tastings.  “Jeff not only founded Lula Cellars, he was the creative force and inspiration behind everything we have done,” shares Ken Avery, Managing Partner at Lula Cellars. “When he retired last year, it was very important to us that we carry on with Jeff’s vision and honor the legacy that he worked so hard to create. The entire Lula family is deeply saddened by his passing.”Jeff Hansen in the Costa VineyardJeff Hansen’s career in wine began in 1987 when he worked in the tasting room of Spring Mountain Vineyard in Napa Valley. That same year he made his first wine at home, a cabernet using grapes from Spring Mountain. Later, while working in sales for Spring Mountain, he discovered the coolest appellation in California, the Anderson Valley region in Mendocino County. He fell in love with this sparsely populated and ruggedly beautiful area, famed for its Pinot Noir grapes. In 1991, Jeff produced his first wines for Amici Cellars in Calistoga, and continued to make wines for the label for nearly twenty years.In 2009 he sold his interest in Amici and plotted his next step – a small batch Anderson Valley winery that would bear the name of his grandmother Lula. The winery he opened in 2010 is a tribute to his grandmother’s tenacity and optimism in the face of adversity. She was born in the Oklahoma Territory in 1879 and raised three children by herself while working multiple jobs with remarkable grace and optimism. Jeff cited her as his inspiration in life.The winery that bears his grandmother’s name was lauded from the very start, with their first 600 cases selling out. Over the years, Hansen’s handcrafted Mendocino Coast and Anderson Valley wines – including Pinot Noir, Zinfandel, Dry Gewurztraminer, Sauvignon Blanc and Rosato – won him both loyal fans and a plethora of gold medals.“Jeff and I were close friends since 1987, the year we both moved to Napa Valley and started our careers in wine,” says Steve Spadarotto, CEO at Far Niente Wine Estates. “He was charming and charismatic, loved by everyone who met him, and above all, an outstanding winemaker and loyal friend.”Advertisement TAGSJeff HansenLula Cellarspeople Home Industry News Releases Anderson Valley Mourns the Passing of Jeff HansenIndustry News ReleasesWine BusinessAnderson Valley Mourns the Passing of Jeff HansenBy Press Release – June 8, 2018 378 3 ReddIt Sharelast_img read more

Read More »

Gov’t Committed To Eliminating Child Labour

first_imgRelatedGov’t Committed To Eliminating Child Labour Gov’t Committed To Eliminating Child Labour LabourJune 17, 2011 RelatedGov’t Committed To Eliminating Child Labour RelatedGov’t Committed To Eliminating Child Labour FacebookTwitterWhatsAppEmail KINGSTON — For centuries, children worldwide have been experiencing some form of child labour and, in worse case scenarios, forced to work in even hazardous conditions. Child Labour, a form of abuse, constitutes any work done by children which is mentally, physically, socially or morally dangerous, harmful to them and interferes with their schooling. In Jamaica, under the Child Care and Protection Act, it is an offence to employ a child under 13 years old. The law does make an exception for children 13 to 15 years old to be employed, but they should only do light work. Children 15 and over must not be employed in night work or in any industrial or hazardous work. It is also an offence for a child to be used for indecent or immoral purposes. According to a youth activity survey conducted in 2002 by the Statistical Institute of Jamaica (STATIN), some 16,000 children are involved in some form of economic activity in Jamaica, with over 7,000 of them engaged in hazardous work. The survey also revealed that the main child labourers were street children (including market vendors, mainly in urban areas), commercial agricultural labourers, domestic helpers and urban formal sector workers. The wider metropolitan areas of Kingston, Spanish Town and Montego Bay were listed as the epicentres of commerce, as well as urban child labour. Jamaica’s child labourers are predominantly male, aged 15 to 17 years. There is research to suggest that many children, particularly boys living in harsh urban communities, are pressed into gangs for whom they provide labour, while many young girls are pushed into domestic servitude to older lovers. Last Sunday (June 12), Jamaica joined the rest of the world in observing World Day Against Child Labour (WDACL), under the theme: ‘Children in Hazardous Work’. Speaking recently on the issue, Chairman of the International Labour Organization (ILO) Project Advisory Board, Errol Miller said the activity has a negative effect on children. “By its very nature and circumstance, it either threatens to, or harms, the health, safety, well-being and morals of the children. Children in hazardous work are found in many different countries or occupations, in both developed and developing countries. Essentially robbed of the opportunity to be just kids and exposed to great risk and dangers,” he said. It is for these reasons that the Government of Jamaica is redoubling its efforts to fight this malady, that seems to have taken root in Jamaican society, he said. One of its initiatives is the TACKLE Project, which aims to provide access to basic education and skills training for disadvantaged children and youth, and to strengthen the capacity of national and local authorities to formulate, implement and enforce policies to tackle child labour. The project was implemented in 2009, under the auspices of the ILO, with financial support from the European Commission and the African, Caribbean and Pacific (ACP) group of states, which includes Jamaica. National Project Officer for the TACKLE Project, Nasalo Thompson, stressed that child labour not only affect youngster’s growth, but also makes it very difficult for them to break the cycle of poverty. He said that in households where children are involved in child labour, the families continue to be more impoverished overtime, not less impoverished. “The children’s contribution to the household, financially, might be an immediate respite from very difficult circumstances but, in the long run, that child and those children’s children continue to be impoverished,” he states. She highlighted that not all work done by children is classified as illegal child labour. Children’s or adolescents’ participation in work that does not affect their health and personal development, or interfere with their schooling, is generally regarded as positive. These activities include helping their parents around the home, assisting in a family business, or earning pocket money outside school hours and during school holidays. These kinds of activities contribute to children’s development and the welfare of their families, and provide them with skills, experience and help to prepare them to become productive adults. She also noted that the ILO’s most recent global estimate is that 115 million children are involved in hazardous work. Minister of Labour and Social Security, Hon Pearnel Charles, says the Government has been fully committed to supporting the Child Labour Unit, and enforcing the laws under the Child Care and Protection Act. He assured of the dedication of the Government to the efforts being spearheaded by the International Labour Organisation to eliminate Child Labour.                                       “We remain committed to the spirit and letter of the ILO Minimum Age Convention of 1973, and welcome the campaign by the ILO, involving noted Jamaican celebrities and national leaders, to raise awareness about the problem of child labour,” he said. The ILO is the United Nations’ agency responsible for implementing and monitoring international labour standards. It is the only ‘tripartite’ UN agency that brings together representatives of governments, employers and workers to jointly shape policies and programmes promoting Decent Work for all. In the continued fight against child labour, several public figures have come on board to act as Anti-Child Labour Ambassadors. They include: musician Ibo Cooper (who also produced the Child Labour theme song ‘Let us Try’); Professor Carolyn Cooper; actress/writer, Joan Andrea Hutchinson; DJ, Tony Rebel; actress, Claudette Pious; gospel artiste, Prodigal; singer, Queen Ifrica; former Miss Jamaica World, Regina Beavers; and singer, Aisha Davis. We all have a role to play in eradicating Child Labour. One of the most important first steps is to inform the Children’s Registry of suspected cases. Persons wishing to report cases of child labour may contact the Office of the Children’s Registry (OCR), by calling 1-888-PROTECT (1-888-776-8323) or 908-2132. The penalties for child labour range from $500,000 and six months imprisonment, to $1 million, 1 year imprisonment and the revocation of licenses of persons or entities which employ children for indecent purposes and knowingly allowing their premises to be used for such purposes. By CHRIS PATTERSON, JIS Reporter Advertisementslast_img read more

Read More »

Home fire on 22nd Street

first_imgHomeNewsHome fire on 22nd Street May. 21, 2016 at 7:35 amNewsHome fire on 22nd StreetMatthew Hall5 years agoexpofire departmentSanta MonicaSanta Monica Fire Departmentsmfd The Santa Monica Fire Department responded to a structure fire on 22nd St. at about 5:20 p.m. on May 20.According to Dale Hallock SMFD PIO/Administrative Captain, firefighters were called to the 500 block of 22nd St. and found that one room in a two-story, single family home was on fire.Four Fire Engines, one Ladder Truck, a Hazardous Materials Unit, and a Chief Officer Supervisor all responded to the incident.“Quick work by Firefighters extinguished the fire in approximately 10 minutes. No injuries were reported to civilians or Firefighters, but the fire did result in the residents of the home being displaced,” said Hallock. “The cause of this fire is currently under investigation. This incident took place during a period of high incident activity, coinciding with the first day of Expo line ridership.” Tags :expofire departmentSanta MonicaSanta Monica Fire Departmentsmfdshare on Facebookshare on Twitteradd a commentLong-anticipated Expo Line arrives in Santa MonicaExpo link cuts through hate, voting in NovemberYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall12 hours agoNewsCouncil picks new City ManagerBrennon Dixson23 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter23 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor23 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press23 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press23 hours agolast_img read more

Read More »

Singapore 4G auction generates $822M

first_img Author Asia Singapore generated SDG1.15 billion ($822 million) in a general spectrum auction of three frequency bands, with the country’s two largest operators – Singtel and StarHub – acquiring the lion’s share of the sale.The Infocomm Media Development Authority (IMDA) auctioned off a total of 175MHz of spectrum in the 700MHz, 900MHz and 2.5GHz bands, including spectrum to be refarmed from 2G services, which were shut down on 1 April.Market leader Singtel spent SGD563.7 million for 75MHz of spectrum in all three bands, while number two StarHub acquired 60MHz in three bands for SGD349.6 million. M1 picked up 30MHz in the 700MHz and 900MHz bands for SGD208 million, and mobile newcomer TPG Telecom purchased 10MHz in the 2.5GHz band for SGD23.8 million.In December Australia-based fixed line operator TPG beat out Singapore-headquartered rival MyRepublic to win the city-state’s fourth mobile licence, in a spectrum auction open only to new entrants.“The strong interest in the radio spectrum is testament to the mobile network operators’ confidence in the mobile market moving forward,” said Tan Kiat How, IMDA CEO. “Similar to past spectrum auction proceeds, IMDA plans to reinvest the monies received to help our infocomm media companies and workforce develop their capabilities, strengthen digital infrastructure, and ready themselves for the digital economy.”Winning bidders can begin using the spectrum on 1 July.The three incumbent operators each acquired 10MHz in the 900MHz band and at least two lots in the 700MHz band (Singtel 40MHz, StarHub 30MHz and M1 20MHz). StarHub picked up 20MHz in the 2.5GHz band, while Singtel acquired 15MHz in the band. Singtel lights SA 5G network Singtel rethinks strategy after profit plummets AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 05 APR 2017 Tags 4G auctionM1SingaporeSingTelStarHubTPGcenter_img HomeAsiaNews Singapore 4G auction generates $822M Joseph Waring Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he… Read more Related Previous ArticleRakuten launches HTML5 gaming platform in JapanNext ArticleNZ operators join hands to boost rural coverage Singtel warns of loss on impairment chargeslast_img read more

Read More »

FashionBuzz © 2015 | All Rights Reserved Theme by Flythemes