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Showing posts with label YouTube. Show all posts
Showing posts with label YouTube. Show all posts

Monday, June 18, 2012

Stock News 2012: Telecom industry to remain competitive

The PLDT LogoThe PLDT Logo (Photo credit: Wikipedia)
The telecommunications industry is expected to remain very competitive, more so that competition will come not only from existing and new telcos but also from services offered by  “over the top” players of the Internet world, Philippine Long Distance Telephone Co. (PLDT) group chairman Manuel V. Pangilinan said.

During the company’s stockholders’ meeting, he noted that players like Facebook, Google and Apple directly compete with PLDT’s traditional services.

“The radical changes that digital technologies are bringing to the telecoms industry will become more pervasive and profound in the next few years,” Pangilinan said.

He emphasized that these forces are changing the face of communications — from keypads and keyboards to touch screens of various sizes. “Increasingly, people are communicating with each other through smartphones, tablets, laptops and smart TVs. From voice and text, connections whether wired or wireless are becoming broadband and multimedia. In five years, the market will, in growing numbers, be populated by ‘digital natives’ — young people who have grown up with mobile phones, Facebook, Twitter and YouTube,” he added.

Pangilinan revealed that the PLDT of the emerging digital future will be one of many touchscreens, and will offer and support a wide range of services beyond basic communications.

“We will help people enjoy entertainment, use financial services, manage their energy needs at home and office, take care of their health,” he said.

Pangilinan also revealed that since having being acquired by the PLDT group, Sun Cellular has been improving its coverage, starting with Mindanao where it has strengthened its signal in Lanao del Norte and Sur, Basilan, Camiguin, Tawi-tawi, Sulu, Bukidnon, Compostela Valley, and Davao del Sur. This was followed by Luzon in areas like Benguet, Ifugao, Kalinga Apayao and Mountain Province, Isabela, Nueva Ecija and Vizcaya, Aurora, and Quirino, and in the Visayan islands of Panay and Bohol.

In maximizing the synergies among PLDT, Smart, Digitel and Sun, Pangilinan noted that they have rationalized the group’s network rollout by minimizing duplication which has resulted in reducing capital expenditure by P8 billion

He revealed that by the end of this month, they will have completed the installation in every cellsite of Smart all over the country a new generation of base station equipment. This will allow the group to quickly upgrade to the latest mobile phone technologies such as HSPA+ and LTE, as and when their plans and market demand requires.

Within this year, he said that they will have upgraded their transport network with over 54,000 km of fiber optic cable assets that will allow the group to carry up to 10 times more data to handle the rapidly growing traffic in voice, SMS and data traffic. In addition, PLDT will be installing its third and fourth cable landing station to enhance international cable links. The company will also finish the upgrade of its core networks and backroom facilities for both fixed and mobile by yearend

All this, he stressed, will require an investment of about P38 billion this year, bringing  the total bill for PLDT’s modernization program to about P67 billion.

http://www.philstar.com/Article.aspx?articleId=818220&publicationSubCategoryId=66

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Saturday, October 30, 2010

International News 2010: Hurley stepping down as YouTube chief executive

YouTubeImage via Wikipedia
SAN FRANCISCO (AFP) – YouTube co-founder Chad Hurley is stepping down as head of the online video-sharing superstar bought by Google for 1.65 billion dollars in 2006.

"For the past two years, I've taken on more of an advisory role at YouTube as Salar Kamangar has led the company's day-to-day operations," Hurley said in a statement released by YouTube on Friday.

"I will continue to serve as an advisor and am excited to witness the next phase of YouTube's growth."

Google web applications vice president Kamangar is filling the chief executive seat vacated by Hurley.

Google does not release revenue figures for YouTube, but senior executives have boasted that revenues from display advertising at the service is climbing and suggested recently that it is near profitability.

YouTube has been gradually adding professional content such as full-length television shows and movies to its vast trove of amateur video offerings in a bid to attract advertisers.


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Tuesday, October 26, 2010

Stock News 2010: Cebu Air Jumps 6.8% on Listing Debut, Raises Total of $611 Million from IPO

Logo of 'Let's make Cebu Pacific better!'Image via Wikipedia
MANILA, Philippines – Budget airline Cebu Air Inc. jumped as much as 6.8 percent on its debut Tuesday, as the country's largest public offering rode on the back of a broader market that hit a fresh record high.

The airline, a unit of conglomerate JG Summit Holdings Corp and the second biggest Asian budget carrier by market value, raised $611 million in its IPO including a greenshoe option, making it a record amount in dollar terms for a Philippine listing.

Cebu Air's debut takes place amid a boom in IPOs in Asia as well as strong foreign demand for high-yielding emerging markets such as the Philippines.

Upbeat sentiment following presidential elections in May have helped lift the index about 40 percent this year and it is the second best performer in Southeast Asia after Indonesia.

This backdrop bodes well for upcoming listings in the Philippines, analysts said. Philippine miner Nickel Asia plans to raise $162 million in an IPO next month.

''Having launched successfully, the ones apprehensive on the sidelines are now emboldened to come in,'' said Alejandro Yu, president of R.S. Lim and Company, a local stock brokerage.

Cebu Air's shares opened at 132 pesos after a ceremony that included flight attendants dancing the flight safety routine to a Lady Gaga pop song on the stock exchange trading floor, peppered with tube balloons carrying the airline's yellow orange colours. The safety routine dance was a big hit on YouTube earlier this month.

The stock rose as high as 133.5 pesos, before closing at 133 pesos. The airline had sold about 215 million shares at its IPO at 125 pesos each, Cebu Air's parent said late on Monday.

At Tuesday's close, Cebu Pacific was valued at nearly 97 billion pesos or $2.2 billion, larger than rival Tiger Airways at about $723 million but smaller than Malaysia's AirAsia, valued at about $2.3 billion.

Cebu Air CEO and President Lance Gokongwei said he expects the company's international business to overtake its domestic operations in four to five years as it seeks to increase its international capacity by 25 percent yearly via new foreign routes and flight frequencies.


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