Samart Moves Further Away From Telecom
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By Srisamorn Phoosuphanusorn, Bangkok Post, Thailand  Jun. 12--Samart Corporation is looking to diversify into broadcasting and  venture-capital investments in another effort to reduce its heavy reliance on  telecommunications businesses.
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EarthLink founder Sky Dayton said he&#39;s stepping down as CEO of Helio, a move that appears to be part of the plan to&#160;reduce EarthLink&#39;s position in the mobile company.Dayton will become chairman of Helio&#39;s board and Wonhee Sull, formerly Helio&#39;s president and chief operating officer, will take on the role of CEO. Sull was chief operations officer at the founding of Helio and prior to that worked for SK Telecom, which launched the mobile venture in a 50-50 partnership with EarthLink in 2006.A combination of market dynamics and challenges at EarthLink have recently led to changes in the Helio partnership. In November, EarthLink said it would reduce its ownership in Helio to about 22 percent, as part of an announcement of a new SK Telecom investment in the venture. At the time, EarthLink said it wasn&#39;t expecting to invest any more in Helio and that SK Telecom would take over operating control of the joint venture.EarthLink has been struggling&#160;as its traditional customer base of dial-up subscribers continues to shrink. It is working through a restructuring aimed at reversing its losses, including putting its municipal Wi-Fi plans on hold and cutting back on sales and marketing spending.Beyond EarthLink&#39;s troubles, Helio faces a challenging market. Mobile providers that don&#39;t own their own networks, like Helio, have struggled recently. Amp&#39;d, a similar company geared toward young mobile users, filed for bankruptcy protection and put itself up for sale in the middle of last year, but ultimately shut down. ESPN Mobile and Disney Mobile have suffered similar fates.Even though Helio has big-spending users and plenty of cash, EarthLink expects the company to report a year-end loss for 2007 of as much as $360 million on revenue of as much as $170 million. That&#8217;s after SK Telecom and EarthLink started the company with a combined $440 million. Since then, both companies have made additional investments.Helio has almost 200,000 subscribers who beat industry averages by some metrics, the company said. On average, Helio users spend more than $85 per month, compared with an industry average of $50, Helio said. In addition, Helio customers send an average of 550 text messages per month, and 95 percent of Helio users access the Web from their phones, according to the company.
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The company is a second-string wholesaler no more.
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Sri Lanka Telecom will shortly withdraw its $5 million suit filed against Shipping Corp. of India Ltd (SCI) for allegedly damaging the islandâs main submarine telecommunications cable, Sudhir S Rangnekar, director, liner, SCI, said on Friday.
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MORTSEL, BELGIUM -- Belgium&#39;s Agfa-Gevaert, one of the best-known names in camera film, said yesterday that it is quitting the industry because of the booming popularity of digital cameras.
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Laura Bekke moved into her new  Amsterdam flat last week and declined to have a fixed phone  line installed. Merijn Groenhart, a disc jockey in the same  city, has lived without a home phone for over a year.
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Deutsche Telekom is changing its  management structure after poor quarterly results revealed that  Europe's biggest telecoms group by sales was no longer growing  in its German home market.
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Satellite provider promises 'announcement' on Friday Belgacom cut off satellite broadband provider Ouranous Networks the telecoms services company confirmed this week.â¦
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Chipmaker Texas Instruments (TI) has played down the importance to the smartphone market of Symbian&#39;s new alliance with Intel.
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TechWeb - Data center modernization and mobile-phone payments trial signal a shift in the card company&#39;s business model.
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Telecom Italia took a detour from the road to convergence that most mobile and fixed-line operators have been treading, and wandered into a controversy that has spread from the market to the parliament.
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The mobile telecoms industry turned  its focus on India at this year's 3GSM trade fair and away from  China, after years of talking about little else but China's  huge market and potential third generation licenses.
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PCCW, the Hong Kong telecoms group, has ruled out a nationwide roll-out of its UK wireless broadband service in the near term in a move that will reduce competition in the market for fast internet access.
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Hong Kong-based Hutchison Whampoa is to float off its mobile phone businesses in Asia. The huge conglomerate, which has so far sunk US$22 billion into 3G licence acquisition and network build in Europe, hopes
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Â· Government abandons 10 years of oppositionÂ· Policy shift in drive to build 3m homes
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Company also will slash value of its assets by $11.4 billion. Moves are prompted by plan to retreat from traditional consumer telephone business.
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PARIS, December 15: A French court has ordered Eutelsat to cease broadcasting al-Manar, a satellite television station owned by the Lebanese militant group Hizbollah, citing the channel&#39;s anti-Semitic slant.