In the creation of a new format in the Greek telecommunications market, through "express" merger procedures, the management of On Telecoms is proceeding with the management of the companies NetOne and Algonet. The two shapes will be merged into one, aiming to create a critical mass in the telecommunications market and manage to survive in the competitive market environment. The merger in question will take place without the payment of cash and exclusively through an exchange of shares, in proportion approximately 1 to 3. The resulting new company will retain the On Telecoms brand name, which is clearly more powerful than that of NetOne and Algonet. However, the main shareholders of the scheme Algonet and NetOne will regain control of the company, as then, they will be called upon to cover an increase in the share capital in the new company amounting to 10-15 million. euro. It is recalled that the shareholder of the Algonet-NetOne companies is Sciens Capital Management, BNP Paribas Private Equity and the Olayan group. On the On Telecoms side, the main shareholder is ARGO Capital Partners Ltd.
Market players cited the risk being taken by the shareholders of the two schemes as the liquidity pressure that existed on both sides did not allow the luxury of financial and legal control of the businesses (due diligence). As a consequence, it is possible that there will be many surprises, given the accumulated losses in all three businesses. It is recalled that only On Telecoms in its first use 2007 showed height losses 22 million. euro, while NetOne at its end 2007 had accumulated height damage 24 million. euro. End, for the same year Algonet had accumulated losses of approx 5 million. euro. The latter, however, had started to show profits, as it stood outside the unbundled access market (LLU), which, due to high investments, caused the "financial hemorrhaging" of players in fixed communications. On Telecoms announced yesterday that a few days ago the process of increasing its share capital was completed by 26,3 million. euro, by its existing shareholders, with the certification of the payment of the relevant funds. However, it is not specified how much of the specific increase in share capital was carried out through debt capitalization and through the payment of cash.
Additional, the shareholders of OTE approved the member of the Board of Directors. of the organization Mr. P. Tamburlo as chairman of the company's Audit Committee. The other members of the Committee were Mr. Leonidas Evaggelidis and Mrs. Xeni Skorini. End, the positions of the members of the board of directors were announced to the shareholders of OTE. which had been held at the previous extraordinary general meeting of its shareholders 6/2/2009. It was also announced that Mr. Guido Kerchoff, was appointed as a non-executive member, in place of Dr. Carl-Gerhard Icke, and for the remainder of his term, that is, until the date of the regular general meeting of shareholders for the year 2011.
These conclusions emerge from the results of the 4th annual measurement of the Observatory for the Information Society that were made public last week. The research was carried out in the two months of October - November and they participated 5966 households and 1424 businesses.
According to the results, the 39,4% of Greek households now has access to the Internet at the population penetration rate (quarterly use is a prerequisite) to be formed in 38,8%. The increase in relation to 2007 she is impressive, since the respective rates were 30,2% (households) and 28,4% (population) and brings Greece a little closer to the averages of the European Union where the 60% of households has access to the Internet.
The increase, Nevertheless, seems to be solely due to the younger generation (15-34 years) where penetration rates approach those of the EU. On the contrary, gap continues to exist in ages 35 years and older. also, low rates of use are also observed in specific regions of the country (Continent, Thessaly and Western Macedonia).
According to Observatory officials, the change in user behavior is noticeable, who use the Internet for "advanced" services, as it is to watch and listen to the radio (44%), for internet telephony (18%), for online games (25%), for publishing content on sites (17%), while 9% of users has their own website or blog.
Where there is a significant lag compared to the rest of Europe is in electronic markets. The percentage of people who bought or ordered goods or services increased by just 3 percentage units in 8% of the population, while in the EU the corresponding number is at 24%. Additional, the use of online banking services showed a decrease from 13% the 2007 in the 12% the 2008, something that, combined with the low penetration of online shopping, shows that there is a trust problem on the part of Greek users.
The fact that Greek businesses do not show particular interest in electronic commerce also contributes to the relatively low rates of online shopping. It is characteristic that as soon as 0,36% of income in small businesses (1-9 workers) and 11% in the big ones (+10 workers) comes from internet sales. In the EU the 16% of revenue to businesses comes from their online stores. At least that 99% of the big ones and the 62% of small businesses have a computer, while the rates for Internet access are 96,6% and 50,9% respectively.
A key philosophy behind the success of the Discovery Channel is that reality is more interesting than fiction. This is also the reason why the channel presents true stories with excellent narrations. It returns in April on the Discovery Channel, through the Ultimate Survival series, Bear Grylls to face even greater challenges.
Discovery's new channel, ID Investigations Discovery, is shown for the first time in Greece by OTE's conn-x TV. Greece is among the first European countries to show ID Investigations Discovery. This is a channel that shows crime solving stories 24 24 hours a day and is based on scientific evidence. This new channel will enthrall the audience with its dramatic stories based on true facts.
Greek subtitles are available on both above channels.
Bloomberg TV broadcasts international business and financial news 24 24 hours a day. Live reports and analysis cover financial news, always with the professionalism and quality that characterizes the world's leading source of financial news, Bloomberg.
Η Orascom Telecom ελέγχει πάντως ακόμη ένα 20% of ECMS with the rest being on the stock exchange and it is no coincidence that Naguib Sawiris argued that the French should make a public offer. Μιλώντας στο πρακτορείο Zawya Dow Jones, Mr.. Σαουίρις δήλωσε ότι η Orascom εξετάζει τρεις περιπτώσεις εξαγοράς, μία στον αραβικό κόσμο και δύο στην Ασία.
Australia intended to license the development of a nationwide fiber optic network to private individuals, however, the relevant tender process was ultimately declared fruitless and the government decided to make the investment itself. On the other, private individuals are also expected to be involved, as half of the funds will come from the sale of government bonds. Nevertheless, the share of the private persons shall in any case be at 49%.
Ericsson broke its own HSPA world record, with the world's first demonstration of MIMO multi-carrier HSPA technology, offering top downlink data speeds 56 Mbps. The increase in speed is achieved thanks to the combination of multiple-input-multiple-output technology (MIMO) with the technology of many telecommunications operators. MIMO technology enables higher peak data transfer speeds and increased spectrum efficiency, which means more capacity for the network.
The demonstration was conducted on an experimental design version of an Ericsson mobile broadband router with HSPA capabilities. The consumer device will be able to be used wherever there is a need for broadband access, by sharing a mobile broadband connection to multiple consumers, resulting in efficient use of high-speed broadband.
Alongside, the Swedish company presented its most advanced mobile broadband module, exclusively designed with innovative features to provide everyone with a richer and more affordable internet experience. The next generation module is the latest milestone for Ericsson, reinforcing the company's vision of making communication possible for everyone.
Ericsson's F3607gw mobile-broadband module for HSPA/GPRS/EDGE networks, which is due to be released in June, will provide enhanced functions and facilities through its innovative capabilities, reduced energy consumption, extended battery life and increased level of integration, limiting the number of parts needed and, consequently, of the cost. The new module will also provide built-in mobile broadband support for Microsoft Windows 7.
• Microsoft announced the establishment of Microsoft Software-plus-Services (S+S) Incubation Center in Greece, which is the second center to open in the Central and Eastern Europe region in just four months. The presentation of the initiative took place on Friday 3 April at the Microsoft Innovation Center. The S+S Incubation Center aims to provide the necessary support to Independent Software Vendors (ISVs) in order for them to be able to adopt the new "Software as a Service" delivery model (Software as a Service), which is a key component of the Software + Microsoft Strategy Services. In this center ISVs will receive business guidance from specially trained staff, they will be offered the appropriate expertise, while they will have access to counseling services, as well as in an established network of hosting services (Hosting Services) for the most reliable and secure distribution of their applications to customers.
• Robbert Kuppens is the keynote speaker at this year's Cisco Expo 2009, which will take place on 28 and 29 April at “Theater”, Hellenic World Cultural Center, L. Piraeus 254. Mr. Kuppens is Chief Information Officer, European Markets by Cisco. Having more than 20 years of professional experience in IT Management in large enterprises (including KPMG – Nolan, Norton & Co., Digital Equipment and NCR Corporation), Kuppens is responsible for developing collaboration between Cisco European Markets IT teams and functions. also, it should be noted that this year's Cisco Expo has an enhanced online presence with both Facebook and Twitter pages.
• 35 from the leading companies covering almost all sectors of the market will participate in the Career Event organized by PricewaterhouseCoopers in Greece (PwC) in the framework of the "Discover a Leader" conference: Discover You”, which will be held on 29 April, at the Badminton Theatre. The conference is part of PwC's Corporate Social Responsibility program. The company's strategic choice is to provide opportunities and the necessary educational and professional guidance to young professionals and students, with the aim of contributing to the reduction of the disparity between supply and demand that prevails today in the labor market.
• The agreement with the shareholders of NetOne and Algonet ended in a "pat-kiout" as the pressure was great.
o Suppliers and payroll were decisively pushing to close the deal one by one.
o No due diligence was done before the MoU was signed.
o That would mean …broadband speeds!
• The game now comes down to OTE.
o It is, the only one who can withstand the pressure that is developing in the Greek economy, while most of his competitors are starting to add water to their wine.
o On Telecoms was valued at 30-35 million. euro, a particularly low amount compared to what he was asking for a year ago.
o And this, of course, drags the whole market along.
o This is what they see in OTE and feel more confident...
• The best, however, we heard from a competitor...
o "Three dead don't make one alive...".
o Your comments…
• Apart from the Govt, the succession discussions also began at OTE.
o Tamburla Dolphinology, as someone who attended the Intercontinental said.
• The positive comments about "Sir Nikos" are increasing.
o Not only from the franchisees whom he disappointed at the relevant event...
o But also through the company.
o What is certain is that the Voda reflectors have been improved, there are transfers and osonupo - say the residents in Tzavella- it will also be seen in the numbers!
• Why do they do hola in Andrianeiou;
o But... because on Friday they finished in second place and are going to the Champions League!
• Wind with a positive sign will blow in Kifisias after Easter.
o Please wait on your mobile keyboard…
Discovery is seeing something that everyone sees and thinking of something that no one has thought of.
Saint George Albert