(AME Info (Abu Dhabi, United Arab Emirates) Via Acquire Media NewsEdge) Nov. 08--JTG SAYS IT IS 'STILL PREMATURE' TO LAUNCH 4G IN JORDAN: Jean-Francois Thomas, the chief executive of Jordan Telecom Group (JTG) has said it is still premature to introduce the 4G services in the kingdom, due to the strong competition in the Jordanian market, Jordan Times has reported. "We introduced the Third Generation (3G) services two years ago and there is still a large room for adoption and growth in the usage of 3G services," Thomas said .
BAHRAIN'S TELECOMS REGULATOR SUGGESTS 9.5 percent RETURN ON SERVICES: Bahrain's Telecoms Regulatory Authority (TRA) has proposed the cost of capital for regulated telecoms services be set at 9.5 percent, Daily Tribune has reported. Although the proposed cost of capital has not changed from 2009, a number of key parameters upon which it is based have changed, and these are reflected in the draft determination, the regulator said. Other factors under consideration by the TRA include international best practice, latest available market information, regulatory precedents and the current economic environment, the report said.
BATELCO SUES INDIA'S SIVA FOR $185M: Batelco has filed a lawsuit against ex-partner Siva for $185m, claiming the Indian firm has failed to adhere to a settlement agreement over their joint venture S Tel, Reuters has reported. In February, Batelco said it had agreed to sell its 43 percent stake in S Tel back to hedge fund Sky City Foundation for $175m, receiving the price paid to acquire its S Tel holding in 2009. At the time, Batelco said the deal would be completed in the fourth quarter, while in mid-October the firm's chief executive told reporters there was an October 31 deadline for it to receive the money due. "BMIC Limited filed a claim in the UK High Court of Justice, Commercial Court ... for failing to adhere to a Settlement Agreement," Batelco said, adding it was seeking to recover $184.79m.
MITSUBISHI ELECTRIC UPGRADES IMEWE SUBMARINE CABLE SYSTEM: Mitsubishi Electric Corp has completed work on the India-Middle East-Western Europe (IMEWE) Cable Network. The project aims to upgrade the submarine cable network with 40 gigabits per second (Gbps) dense wavelength division multiplexing (DWDM) technology. The upgrade involved installation of submarine line terminal equipment in eight countries. The IMEWE Cable System, which was commissioned in 2010 as a 10 Gbps DWDM system, is an ultra-high capacity fibre optic submarine cable system which links India to Europe via the Middle East. This cable network system with a total length of approximately 12,091km is complemented with 10 terminal stations owned by a consortium of nine leading telecom carriers in eight countries: India, Pakistan, the UAE, Saudi Arabia, Egypt, Lebanon, Italy and France.
NOKIA SET TO LAUNCH LUMIA 920 IN THE MIDDLE EAST ON NOVEMBER 12: Nokia Middle East is set to launch the company's flagship Windows Phone 8 smartphones the Nokia Lumia 920 and Lumia 820. According to press invitations for the official launch, the event will be held in Jumeirah Creekside Hotel, Dubai, on November 12. The Lumia 920 has a 4.5" display with a 1,280 x 768 pixel resolution (332PPI), while the Lumia 820 has a slightly smaller 4.3" display with a 800 x 480 pixel resolution at 217 PPI.
(c)2012 AME Info (Abu Dhabi, United Arab Emirates)
Visit AME Info (Abu Dhabi, United Arab Emirates) at www.ameinfo.com
Distributed by MCT Information Services