Hongkong Telecom will purchase cellular-phone assets

Article Abstract:

Hong Kong Telecommunications Ltd forged a deal with First Pacific Co to purchase some $625.4 mil-worth of the latter's cellular telephone assets. The purchase agreement would allow First Pacific to improve its finances and gives a clear indication that the current currency turmoil in the region is forcing companies in Hong Kong and elsewhere to seek refuge through business consolidation.

Mergers, acquisitions and divestments, Cellular telephone services industry, Cellular telephone services, Hong Kong, Hong Kong Telecommunications Ltd., First Pacific Corp.

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Singapore scraps auction

Article Abstract:

Singapore's telecommunications agency has cancelled an auction for third-generation mobile service licenses after only three companies bid for the four available spectrums. MobileOne Ltd., Singapore Telecommunications Ltd., and StarHub Mobile Ltd. will obtain the licenses at lower prices; however, analysts wonder whether 3G services will turn into a viable business.

New orders received, Singapore, Singapore Telecommunications Ltd., StarHub Mobile Private Ltd., MobileOne Ltd.

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Third-generation license bargains are a boon to Asia

Article Abstract:

The cost of entering the wireless data service market keeps declining as license fees keep declining as witnessed by Australia's recent license auction for third-generation wireless spectrum. Most Asian operators are only now beginning to grapple with the issue of licenses, so the decline in licensing costs is a boom, but one with some risks.

Government regulation, Asia

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