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AT&T top buyer at US airwaves auction; Verizon, Dish spend big WASHINGTON/SAN FRANCISCO: AT&T Inc spent close to half the total in the record-setting US sale of airwaves for mobile data, with Verizon Communications Inc and bidding partners of Dish Network Corp also spending heavily, results showed on Friday. AT&T bid a total of $18.2 billion to win licenses of so-called AWS-3 spectrum; Verizon bid $10.4 billion and T-Mobile US Inc bid $1.8 billion, according to the results released by the Federal Communications Commission. The record $44.9 billion auction, which ended on Thursday, demonstrated the voracious appetite of wireless carriers and other companies for spectrum, which has become a prized commodity as companies race to satisfy the growing consumer demand to stream video and other data-guzzling content.Dish itself did not win any licenses, but it had entered into joint bidding agreements with SNR Wireless LicenseCo LLC and Northstar Wireless LLC, in which it has indirect ownership interest.Those two companies bid a ...

US reaps nearly $45bn in wireless spectrum auction WASHINGTON: The US government is getting nearly $45 billion from an auction of wireless spectrum, highlighting surging demand for new devices which connect to the Internet.The Federal Communications Commission said the auction ended Thursday raised $44.89 billion, the highest amount ever for this type of sale.The auction comes amid huge demand for spectrum to meet the needs to people using smartphones, tablets and other devices that connect to the Internet such as cars, refrigerators and ...
Qatar Airways takes 10pc stake in BA-owner IAG LONDON: Qatar Airways on Friday said it had purchased almost 10 percent of IAG, parent of British Airways and Spanish carrier Iberia, the second European entry by a Gulf carrier."As part of efforts to enhance operations and strengthen existing commercial ties... Qatar Airways has acquired a 9.99 percent stake in IAG," the company said in a statement.The airline's chief executive, Akbar al-Baker, said International Airlines Group "represents an excellent opportunity to further develop our westwards ...
Total chief says to slash exploration outlays by nearly third PARIS: The chief executive of Total said Friday the French oil company would slash spending on exploration by 30 percent this year due to the drop in the price of oil.Patrick Pouyanne told the daily Le Monde that "these past two years, exploration spending was 2.8 billion" dollars at the company.He confirmed earlier announced plans by the company to reduce investment spending from last year's figure of $26 billion by $2 to $3 billion this ...
Toyota says to return to World Rally Championship in 2017 TOKYO: Toyota said Friday it would come back to the World Rally Championship in 2017, nearly two decades after the Japanese auto giant withdrew from the motor sports event.The world's top-selling carmaker said it planned to use the "Yaris" hatchback, known as "Vitz" in Japan, as its rally vehicle for the prestigious championship."Let us get back to the road of WRC (the World Rally Championship)," Toyota President Akio Toyoda told a news conference unveiling the ...
Japan's Fujitsu boosts profit outlook on weak yen TOKYO: Japan's Fujitsu on Friday boosted its full-year net profit forecast thanks to a sharp fall in the yen, despite its April-December earnings falling from a year ago.The sprawling information technology company said its fiscal year to March net profit would be 132 billion yen ($1.12 billion), up from an earlier 125 billion yen forecast, citing the "beneficial impact" of a weaker yen.The company is expecting full-year revenue of 4.8 trillion yen.A fall in the ...
India's SpiceJet board approves up to $243mn share sale plan MUMBAI: Troubled Indian carrier SpiceJet Ltd said its board has approved selling shares worth up to 15 billion rupees ($242.6 million) in the company, following a deal between its current majority owner and a co-founder leading a rescue plan.Ajay Singh, who helped found the airline in 2005, agreed this month to buy a controlling stake from billionaire majority owner Kalanithi Maran's Sun Group in a bid to turn around the money-losing airline.SpiceJet has been struggling ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln