Ruckus Wireless Readying For IPO
USA Today Ruckus makes industrial-strength wireless technology to stream any kind of media — especially video — to hotels, airports, schools, universities, train stations, coffee shops and some homes without the hassle of cables snaking around doorways and under desks. Its products have also become a staple among mobile operators such as China Telecom and [...]
SingTel Profits Rise 24%
Business Standard Singapore’s leading telecom firm SingTel today reported 24 per cent increase in net profit at 991 million Singapore dollars (about $699 million) for the three months ending December 31, 2009, fuelled by strong growth in regional telecom businesses. Topics: Sydney, IPO, Malaysia, Singapore, Indonesia, telecom, SingTel
Maxis To Fund India Telecom Expansion With IPO Money
Wall Street Journal Southeast Asia’s largest-ever initial public offering—Malaysian mobile-phone operator Maxis Bhd.’s $3.32 billion listing on the Kuala Lumpur stock exchange, began trading Thursday—provides founding shareholder T. Ananda Krishnan with some fresh ammunition in his quest to crack India’s fast-growing wireless market. Topics: DoCoMo, Malaysia, Philippines, M1, India, Maxis, Asia, Vodafone, telecom, Singapore
Grameenphone Shares Rise After Bangladesh’s Biggest IPO
Reuters Top Bangladeshi cellphone operator Grameenphone more than doubled on its trading debut on Monday after the company’s $70 million initial public share offer, the impoverished country’s biggest ever, was heavily subscribed by investors seeking access to the high-growth sector. Topics: Singapore, IPO, telecom, Grameenphone, telecommunications, Bangladesh, Malaysia
Optus CEO Says No Decision Yet on IPO
Total Telecom Optus, the Australian unit of Singapore Telecommunications Ltd., has made no decision on a public listing and is willing to invest in the government’s proposed new national broadband network, Chief Executive Paul O’Sullivan said Sunday. Topics: Australia, government, M1, broadband, IPO, telecommunications, Malaysia, Sydney, Telstra, NBN
Saudi Telecom’s Maxis Stake Will Fall After IPO
Reuters India Saudi Telecom Co (STC) said its 25 percent stake in Maxis Bhd would fall to 17.5 percent after Malaysia’s biggest mobile phone operator sells shares to the public. Topics: Maxis, Singapore, India, Saudi Telecom, telecom, IPO, telecommunications, Riyadh, Malaysia
Maxis Raises Price in Malaysia’s Biggest IPO
Bloomberg Maxis Bhd., Malaysia’s biggest mobile-phone operator, raised the minimum price sought for the country’s largest initial public offering after its shares were oversubscribed by investors. Topics: IPO, telecom, broadband, Singapore, Malaysia, telecommunications, India
Will Maxis’s IPO Maintain Its Value?
Wall Street Journal The upcoming initial public offering of Malaysian mobile operator Maxis, which could raise as much as $3.43 billion, will be the largest new listing on the Kuala Lumpur exchange. As such, it has political implications and calls to mind the landmark debut of DP World on the Dubai exchange in 2007. Topics: [...]
Maxis to Borrow 5 Billion Ringgit to Repay Parent
Bloomberg Maxis Bhd., the mobile-phone company conducting Malaysia’s biggest initial public offering, plans to borrow 5 billion ringgit ($1.5 billion) to repay loans to its parent and fund expansion of broadband networks. Topics: Malaysia, Singapore, broadband, telecom, M1, IPO, telecommunications
Maxis Offers Stock to Individuals in Malaysia IPO
Bloomberg Maxis Communications Bhd., starting Malaysia’s biggest public offering, plans to sell shares to individual investors for as much as 5.20 ringgit ($1.50) apiece in the country’s biggest public offering. Topics: IPO, telecommunications, Singapore, telecom, Malaysia
Malaysia Maxis to raise at least $3.2 bln in IPO
Reuters Malaysia’s top telecoms firm Maxis plans to raise at least 10.8 billion ringgit ($3.21 billion) in Southeast Asia’s biggest IPO in more than a decade, although the pricing was at the low end of expectations. Topics: IPO, Malaysia, telecommunications, telecom, India, telecoms, Singapore
Maxis Prepares to Relist in Malaysia’s Largest IPO Ever
FinanceAsia Two years after being taken private, Maxis will relist the domestic portion of its business, offering investors a high-quality yield play. Topics: Malaysia, Singapore, Asia, telecom, IPO, telecommunications
Apple Fixes iPhone ‘Coma Mode’ with OS Update
ZDNet, Asia Apple has fixed iPhone and iPod Touch bugs introduced in September’s software update, which included device crashes and interruptions to cellular service. Topics: Asia, telecom, iPhone, cellular, software, IPO
Stripped-Down Maxis IPO Could Turn Off Investors
Reuters With the blessings of the prime minister himself, the relisting of Malaysia’s top telecom firm Maxis Bhd next month was destined to be a blockbuster, but tepid response from domestic funds so far suggests otherwise. Topics: Singapore, telecommunications, Malaysia, IPO, telecom
