$10 MILLION USD IN INVESTMENT FOR CARMUDI ASIA OPERATIONS

$10 MILLION USD IN INVESTMENT FOR CARMUDI ASIA OPERATIONS

Global online classifieds player attracts new funding for its operations across 6 Asian markets Rocket Internet backed online car classified startup Carmudi (www.carmudi.com)has secured about $10 million USD funding from a range of investors including TengelmannVentures, the international multi-sector retailer. Carmudi currently operates in 11 countries, including six in Asia (Pakistan, Bangladesh, Indonesia, Myanmar, Philippines and Vietnam). The platform provides an innovative online solution for ...

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Zong Baqi paisay Service about the amount of credit they have used in a day

Zong Baqi paisay Service about the amount of credit they have used in a day

Zong Baqi paisay Service is a Value Added Service (VAS) that informs all the Zong prepaid customers about the amount of credit they have used in a day. Mechanism Once a subscription is asked by a Zong prepaid customer for the service, he’ll start receiving an SMS every morning giving complete mobile usage details of the previous days. That particular SMS will contain information ...

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Vista Selects DAD from ENCO for Nationwide Automation Rollout

Vista Selects DAD from ENCO for Nationwide Automation Rollout

Vista Radio Ltd. has entered into an agreement with Canadian ENCO dealer Pippin Technical for the supply and rollout of ENCO’s DAD (Digital Audio Delivery) automation playout software across its 40-plus radio stations in Canada.  Vista Radio Ltd. has radio stations across BC, Alberta, Northwest Territories and Ontario and will begin conversion from various systems to one unified system from ENCO.  This will result ...

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PTCL posts strong results for Q1FY14

PTCL posts strong results for Q1FY14

Pakistan Telecommunication Company Limited (PTCL), the largest ICT service provider in Pakistan, on Tuesday announced strong first quarter results riding on the back of its growing fixed and wireless broadband business. PTCL’s revenue during the period stood at Rs 21.1 billion and showed a significant increase of 9%, with net profit standing at Rs.  3.4 billion, while gross profit was recorded at Rs. 7.6 billion. ...

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Prysmian, € 30 M contract in Abu Dhabi

Prysmian, € 30 M contract in Abu Dhabi

New submarine power links among oil platforms for Zakum offshore oil field  Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded a new contract worth approximately € 30 Million by UAE-based construction company Emirates Holding on behalf of major offshore oil and gas producer ADMA-OPCO (Abu Dhabi Marine Operating Company) for the design and manufacture of submarine cable links ...

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PTA held a meeting with CEO Warid Telecom in Pakistan

PTA held a meeting with CEO Warid Telecom in Pakistan

Getting permission for deployment of LTE services without participating in next generation mobile services award (NGSMA) might not be as simple as it seems, hinted a statement issued by Pakistan Telecommunication Authority. Statement from authority revealed that Chairman PTA Dr. Syed Ismail Shah held a meeting with Mr. Muneer Farooqui, CEO Warid Telecom in Pakistan to discuss the reports of Warid Telecom launching 4G ...

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3G and 4G technologies is all set to commence tomorrow, April 23rd, 2014

3G and 4G technologies is all set to commence tomorrow, April 23rd, 2014

The final round of spectrum auction for 3G and 4G technologies is all set to commence tomorrow, April 23rd, 2014 at 10:30 AM, that’s just hours away from now. Pakistan Telecommunication Authority is all prepared to conduct the auction after it exercised full-fledge mock auction yesterday. PTA officials told Flare that all qualified cellular operators participated in the mock auction to understand the procedures ...

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Sindh High Court has suspended recently issued local loop licenses to Zong

Sindh High Court has suspended recently issued local loop licenses to Zong

Sindh High Court has suspended recently issued local loop licenses to Zong (for all 14 regions), we have confirmed with officials. SHC issued this interim order while hearing a petition which had plead that these local loop licenses issued to Zong — and other telecom operators – were granted with expired telecom policy. Court also restrained authority from issuing any new LL licenses till the conclusion ...

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