The Greek government has today informed Deutsche Telekom that the Greek state, within the framework of the provisions of the Share Purchase Agreement dated May 2008, will make use of its right to sell another 10 percent of the shares in the telecommunications company Hellenic Telecom (OTE) to Deutsche Telekom.
As a result of this notification the contractually agreed put option is deemed exercised as of today.
The exact price Deutsche Telekom will pay to acquire the shares will be established in line with the provisions in the Share Purchase Agreement mentioned above. It is computed based on the volume weighted average price of the OTE share on the Athens stock exchange from the past 20 trading days plus a premium of 15 percent.
Based on the current share price (the final figure is yet to be determined precisely), the purchase price for the around 49 million OTE shares totals approx. EUR 400 million.
Once the shares have been transferred as part of the put option, the Greek state will hold 10 percent (plus one vote) of the voting rights in OTE and Deutsche Telekom 40 percent (plus one vote). The two shareholders have been the parties to a Shareholder Agreement on their stake in OTE since May 2008.
Monday, 6 June 2011
Thursday, 2 June 2011
Wyse PocketCloud Wins Best Mobile Cloud App Honor for Android Tablets
Wyse PocketCloud Wins Best Mobile Cloud App Honor for Android Tablets
SAN JOSE, Calif. – 02/06/2011 - Wyse PocketCloud, the leading Android app on phones and tablets, was today named the best Android tablet remote desktop client by PCWorld. In a head-to-head comparison with other Android tablet apps including LogMeIn Ignition, there proved to be no competition as PocketCloud Pro emerged the winner. In fact PCWorld concluded, “By far, Wyse PocketCloud Pro is the clear leader among these three Android VNC apps.”
As the only remote desktop app designed with business users in mind, PocketCloud Pro outperformed the other apps in every aspect. PCWorld noted that PocketCloud Pro was “easily the most robust” highlighting three features that set it head and shoulders above other available apps.
Wednesday, 25 May 2011
Everything Everywhere and BT 4G LTE trial
Everything Everywhere and BT Wholesale have today announced a collaboration that will see the first live trial of next generation 4G LTE¹ high speed broadband to customers. The live proof of concept trial is the first of its kind in the UK and will see the two companies sharing their fixed telecommunications and mobile technology to provide high speed wireless broadband to customers in rural Cornwall.
An initial test at BT’s laboratories at Adastral Park in Suffolk is already underway, with the field trial set to test realistic 4G broadband data speeds outside of laboratory conditions. The field trial will start this September and run to early next year, involving up to 100 mobile and 100 fixed line customers living around the St Newlyn East area of South Newquay, Cornwall. Both the laboratory and live field phases will test the application of 4G LTE as a shared fixed and mobile platform.
The field trial will utilise 2 x 10MHz of test 800MHz spectrum and will test its capability as a compelling and long term complementary solution to fixed broadband technology for customers who currently get low speeds or are unable to get broadband altogether. These customers are typically in rural areas of the country, which can be extremely difficult to reach with fixed broadband technology.
The trial will take place at test sites south of Newquay in Cornwall, providing a combined coverage area of 25 square kilometres, with approximately 700 premises which have no or limited access to broadband services today. Everything Everywhere will also look to test 4G enabled mobile handsets and broadband dongles as part of the trial.
Residents in the St Newlyn East and surrounding areas who wish to learn more or who may want to participate in the trial can register their interest at www.4Gwirelessbroadbandtrial.co.uk. The trial will be free of charge to all triallists, and is being implemented with support from technology partners Nokia Siemens Networks and Huawei. The Cornwall Development Company is also supporting the trial.
Tom Alexander, CEO, Everything Everywhere, said: “Our ambition is to have the best 4G network and be pioneers in enabling Britain’s superfast wireless future .
“We strongly believe that, by sharing our network and mobile assets in this way, we can make a valuable contribution to the economics of rural broadband services. Our work with BT is providing a test bed for new technologies such as 4G LTE which, with the correct allocation of sub 1GHz spectrum from the Government, has the potential to make a real impact on the way in which we communicate in the future. The Government has previously stated its desire for the UK to have the best in class superfast broadband network in Europe by 2015, and we hope to help this vision become a reality.”
Sally Davis, CEO of BT Wholesale, said: “BT is committed to bringing the highest speed broadband to everyone in the UK, whether that’s over fibre, copper or airwaves. This is a great mixed economy example of innovation and collaboration by two organisations pushing the boundaries of technology for the benefit of customers. The expectation of what we will learn is truly exciting, as much for the customers who are unable to get a broadband service in a number of rural communities across the country.”
An initial test at BT’s laboratories at Adastral Park in Suffolk is already underway, with the field trial set to test realistic 4G broadband data speeds outside of laboratory conditions. The field trial will start this September and run to early next year, involving up to 100 mobile and 100 fixed line customers living around the St Newlyn East area of South Newquay, Cornwall. Both the laboratory and live field phases will test the application of 4G LTE as a shared fixed and mobile platform.
The field trial will utilise 2 x 10MHz of test 800MHz spectrum and will test its capability as a compelling and long term complementary solution to fixed broadband technology for customers who currently get low speeds or are unable to get broadband altogether. These customers are typically in rural areas of the country, which can be extremely difficult to reach with fixed broadband technology.
The trial will take place at test sites south of Newquay in Cornwall, providing a combined coverage area of 25 square kilometres, with approximately 700 premises which have no or limited access to broadband services today. Everything Everywhere will also look to test 4G enabled mobile handsets and broadband dongles as part of the trial.
Residents in the St Newlyn East and surrounding areas who wish to learn more or who may want to participate in the trial can register their interest at www.4Gwirelessbroadbandtrial.co.uk. The trial will be free of charge to all triallists, and is being implemented with support from technology partners Nokia Siemens Networks and Huawei. The Cornwall Development Company is also supporting the trial.
Tom Alexander, CEO, Everything Everywhere, said: “Our ambition is to have the best 4G network and be pioneers in enabling Britain’s superfast wireless future .
“We strongly believe that, by sharing our network and mobile assets in this way, we can make a valuable contribution to the economics of rural broadband services. Our work with BT is providing a test bed for new technologies such as 4G LTE which, with the correct allocation of sub 1GHz spectrum from the Government, has the potential to make a real impact on the way in which we communicate in the future. The Government has previously stated its desire for the UK to have the best in class superfast broadband network in Europe by 2015, and we hope to help this vision become a reality.”
Sally Davis, CEO of BT Wholesale, said: “BT is committed to bringing the highest speed broadband to everyone in the UK, whether that’s over fibre, copper or airwaves. This is a great mixed economy example of innovation and collaboration by two organisations pushing the boundaries of technology for the benefit of customers. The expectation of what we will learn is truly exciting, as much for the customers who are unable to get a broadband service in a number of rural communities across the country.”
Sunday, 1 May 2011
Europe MVNOs feature heavily in MVNO Directory
645 operations are profiled for this 5th edition of the directory and are presented as 515 company profiles. This is the resource for making contact with this rapidly evolving market.
5 years ago the 1st edition of The MVNO Directory tracked a market of just over 200 MVNOs. Many said the "MVNO fad" would not last and that the market was already in decline. 5 years on the new total stands at 645 operations operated by 515 companies. Within just 5 years the industry has more than tripled with new operations constantly coming to market.
5 years ago the 1st edition of The MVNO Directory tracked a market of just over 200 MVNOs. Many said the "MVNO fad" would not last and that the market was already in decline. 5 years on the new total stands at 645 operations operated by 515 companies. Within just 5 years the industry has more than tripled with new operations constantly coming to market.
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