Hong Kong Telecom is set to open up new sources of revenue with a $2bn investment in mobile phone services in China, and plans to expand into property development. Linus Cheung, CEO of Hong Kong Telecom, a subsidiary of Cable & Wireless, said...
A spokesman for the company said, despite tumbling share prices, deregulation and wireless communication developments were the driving force behind continued growth in these markets. Cameron said: "Technology and telecom stocks have taken a hit...
Although the company suffered from declining long distance revenue, it saw much stronger growth in high-speed digital and wireless services. Verizon, which was created through the merger of Bell Atlantic and GTE Corp, reported profits of $2.1bn, or...
A source close to the deal said: "The bond market, frankly, is in better shape than the equity market. France Telecom has decided to go to both markets rather than one hoping that the enthusiasm from bonds spills into equity.
In fact, the Middle East region represents a "wild card", he said, with IT demand ready to boom when the geopolitical crisis is resolved. Gantz was one of a host of IDC analysts offering advice at the conference on Wednesday, which was geared...
As the UK banking sector steadies itself in response to the US sub-prime mortgage crisis, IT suppliers will be pleased to learn tech spending in the sector will rise over the next three years. Software and services spend in the sector should rise...