Tencent forges venture with China’s big telcos

first_img China Telecom claims NB-IoT milestone AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 08 NOV 2017 Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he… Read more Author China operators lose NYSE delisting appeal Tencent boosts investment in high-growth verticals Asia Tags center_img Home Tencent forges venture with China’s big telcos Chinese internet giant Tencent joined forces with the country’s three mobile operators to set up a joint venture in Guangdong to “promote network capability for the digital economy” in the province, news portal Sohu reported.Tencent holds a 49 per cent stake in the venture, Digital Guangdong Network Construction, which was set up on 11 October with a registered capital of CNY200 million ($30 million). China Unicom has an 18 per cent interest, while China Mobile and China Telecom each have a 16.5 per cent stake.The news platform noted China Unicom’s higher stake is likely due to its strategic cooperation with Tencent, which is headquartered in the city of Shenzhen, Guangdong province. Sohu speculated the two companies’ 67 per cent stake would give them more leverage in decision making and help the operator push through reforms to turn around its business.The site didn’t offer any additional detail on the nature of Digital Guangdong’s future business focus but called the venture an “extraordinary strategic cooperation” and Tencent’s move a “courageous step”.China Unicom, although the country’s second largest operator by total mobile subscribers, lags number three China Telecom in 4G connections. China Unicom had 160 million 4G subs at end-September while China Telecom had 167.5 million. Market leader China Mobile had 622 million, giving it a 66 per cent share of total 4G subs in China.Hong Kong-listed China Unicom announced in August it would raise funds by selling a 35 per cent stake in the company to a group of 14 investors as part of the government’s mixed-ownership reform to bring in private funding. The investors include Alibaba, Baidu and Tencent.State-owned China Unicom established a big data company in September as it moves to forge partnerships with its new strategic investors.On 1 November China Unicom announced its new investors made full payment in cash for the shares issued. Previous ArticleBlog: AT&T’s belief in Mexico takes major knockNext ArticleTablet market sees unspectacular Q3 Joseph Waring Related China MobileChina TelecomChina Unicomjoint ventureTencentlast_img read more

Hamas Cease Fire Reaches its Fourth Successful Month

first_imgAddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMoreFour months of calm may not seem significant to those of us living in the West. But in a town where residents are accustomed to 30-second warnings of incoming rockets, it is a long time indeed. It is now four months since the Egyptian-brokered Israeli-Hamas ceasefire went into effect. According to Alex Fishman, the security-minded Yediot Achronot military correspondent, the “agreement has resulted in an almost complete cessation of Qassam rocket fire” on Sderot and other Israeli towns. Now the Israelis have to decide whether or not they want to extend the ceasefire for another six months. Defence Minister Ehud Barak favours extending it indefinitely, although he may be resisting the Israeli side of the bargain—easing the blockade of Gaza. Of course, few people here even know that the ceasefire is holding and that Hamas is scrupulously enforcing it. In fact, I imagine many believe Hamas is still firing those rockets, despite the evidence. The very thought that Hamas actually adheres to agreements is, for some, an inconvenient fact. Another inconvenient fact is that Egypt has been effectively working to shut down the smuggling tunnels between Egypt and Gaza. Fishman reports that Israeli officials “praise the Egyptians’ achievements in discovering tunnels to and from Gaza.” These officials note that the Egyptians “successfully nabbed part of a terror cell operating in Hezbollah’s service, which was planning the kidnapping of Israeli tourists in Sinai.” You won’t read about that in those direct mail appeals from pro-Israel organisations whose raison d’être is to convince Jews that the situation is bad and only getting worse and that Egyptians are not to be trusted. Fear is the bread and butter of such organisations. However, facts are facts. More Good News From the West Bank Then there is the continuing good news from the West Bank, where General Keith Dayton has helped transform some violence-ridden population centres into veritable islands of tranquillity (at least by West Bank standards). For years, Americans and Israelis have demanded that the Palestinian Authority crack down on local terrorists and gangsters; under Salam Fayyad, it is happening. Here is what Amos Harel and Avi Issacharoff told Ha’aretz: “Four and a half months after the Jenin project began, it is proving a big success. The Shin Bet security service has received very few intelligence warnings about attempts at terror attacks emanating from the region, and clashes with the IDF have almost subsided. Commerce and industry have improved and, what is most important from the Palestinian perspective, order has returned to the streets.” Things will improve further if Israel gives a boost to the Palestinian economy by dismantling unnecessary and redundant checkpoints rather than continuously adding more. You can’t do business if your customers and your inventory are held up at internal checkpoints. The important thing is not to let “Jenin First” become “Jenin Last.” Replicating the Jenin model is imperative. Foundations of Peace in Washington On the Washington front, I attended the annual banquet of the American Task Force on Palestine (ATFP) two Sundays ago. The keynote speaker was Prime Minister Salam Fayyad who issued a stirring call for implementing the two-state solution. There were several other speeches and various greetings and messages. But there was not a single anti-Israel statement. Speakers decried the 41-year occupation but there was not one anti-Israel remark. ATFP sent a clear message of friendship for Israel and Jews. By way of contrast, the loudest cheers at AIPAC (and other Jewish organisational events) are often reserved for those speakers who indulge in the most paranoid and extreme Arab-bashing. To their credit, these Palestinians have rounded the corner. This is in large part due to the leadership of Palestinian-American physician, Ziad Asali, his wife and partner Naila Abed Asali, and ATFP, the organisation they founded. Things have changed since Golda Meir preached that there was no such thing as Palestinians. The Palestinians have been mainstreamed which means that at long last their voices are being heard in Washington. Whether or not the next administration will take action to address their legitimate needs – as well as those of Israel – is an open question. Avoiding simple-minded hawkishness on Israel is good politics. According to a recent American Jewish Committee poll of American Jews, Israel ranks number six on the list of issues Jews consider when they vote for president. Three percent cite Israel as compared to 54 percent of Jews who cite the U.S. economy (this was before the stock market collapse) and the large numbers citing health care, Iraq, and other domestic concerns. This is not to say that American Jews do not care about Israel; they most certainly do. When it comes to voting for president, however the Israel issue is barely a blip. That is because Jews know that in this election both candidates are pro-Israel and also because they understand that mouthing lobby-crafted formulations about Israel does nothing to advance its security. They certainly aren’t buying the lies being circulated in partisan hate emails. Jews have been called a lot of things. Stupid isn’t one of them. _____________________________________________ MJ Rosenberg, Director of Policy Analysis for Israel Policy Forum (IPF), was a long time Capitol Hill staffer and former editor of AIPAC’s Near East Report. Rosenberg also serves on Search for Common Ground’s Middle East Advisory Board. This abridged article originally appeared in IPF Friday and is distributed with permission by the Common Ground News Service (CGNews). The full text can be found at: www.ipforum.org. RELATED NEWS: Palestinian Authority Receives $150 Million From US (Jerusalem Post) – The US signed an agreement on Wednesday to give $150 million to Palestinian Authority President Mahmoud Abbas’s West Bank government, the first installment of $555 million pledged by Western countries at a’ conference last year intended to underpin recently revived peace talks. AddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMorelast_img read more

First Ever FLNG Unit – Hilli Episeyo, Sets Sail from Singapore…

first_imgThe World’s first converted floating liquefaction (FLNG) unit ‘Hilli Episeyo’ has departed Singapore and is on its way to Cameroon for LNG bunkering operations.The vessel set sail at 10 am local time on October 12, earlier than anticipated, due to the operational decision to complete LNG bunkering in Cameroon rather than in Singapore, owner and operator of LNG carriers, Golar LNG said.The company added that the voyage to Cameroon is expected to take between 32 and 40 days.It took three years to build Hilli Episeyo which was converted from a 1975-built Moss LNG carrier with a storage capacity of 125,000 cubic meters at the Keppel Shipyard.The vessel departed the shipyard on October 1 and was moved to the deep-water anchorage for final marine commissioning.The ship is designed for a liquefaction capacity of about 2.4 million tons of LNG per year. It will operate offshore at Kribi, Cameroon for Société Nationale des Hydrocarbures and Perenco Cameroon SA and will be the first FLNGV project in Africa.Sea News, October 13 Author: Baibhav Mishralast_img read more

Hilcorp To Begin Seismic Project In Cook Inlet

first_imgThis survey will occur within the lower Cook Inlet, south of the Forelands and west to southwest of Homer. Hilcorp plans to start the project in April which would allow completion in early summer.The data will be acquired using a specially designed marine seismic vessel towing 8‐10 approximately 1.5 mile long recording cables with a dual airgun array. FacebookTwitterEmailPrintFriendly分享Hilcorp Alaska will be conducting a 3-D seismic survey in the federal waters of lower Cook Inlet during the next couple of months. Mike Dunn, Project Manager: “We expect to have the vessel here in the middle of April, the permits to happen the first week of May, and we will shoot about 175 square miles of seismic. We expect the project to take about 40 days.”  Hilcorp will conduct the seismic survey over 8 lease blocks to determine the location of possible oil and gas prospects during the 2019 open‐water season. According to Dunn these surveys provide the resolution needed for detailed geological evaluation and data resolution for  placement of drill rigs or platforms.center_img Dunn: “If the surveys indicate that there is oil and gas here then we could be drilling some wells by next summer.”  The 3D seismic survey program is proposed to be completed by the end of June, prior to fall and winter storm activities in the Inlet region. According to Hilcorps Environmental Evaluation Document, no impacts to climate and meteorology are expected as part of the proposed project.last_img read more

I-40 closure for bridge repair begins at 8 p.m.

first_imgThe Tennessee Department of Transportation will have its third weekend of Interstate 40 closures this weekend as part of the Fast Fix 8 bridge rehabilitation project.The Interstate 40 closure will stretch from the Interstate 40, Interstate 65 split west of downtown to the Interstate 40, Interstate 65 split south of downtown.Interstate 40 bridge reconstruction map.Interstate 40 bridge reconstruction map.This weekend’s closure will include the eastbound bridge over Herman Street and will last from 8 p.m. Friday until 6 a.m. Monday.Demolition will begin on Interstate 40 over Herman Street on Friday, and the bridge and abutments will be completely demolished on Saturday. New materials will be brought in and complete setting of bridge spans, back walls and deck panels as well as concrete and asphalt will be applied Sunday.​Crews will also waterproof and pave I-40 over Jo Johnston Avenue during the closure.Fans planning to attend the Georgia-Vanderbilt game Saturday have been asked to allow for additional time for travel to the game and to use Interstate 440 as the primary route to Vanderbilt Stadium.Officials will be opening 25th Avenue Garage and West Garage close to the stadium at 10:30 a.m., four hours before kickoff.Reporter Jordan Buie can be reached at 615-726-5970 or on Twitter @jordanbuielast_img read more