Intel inaugurates wireless application centre in Riyadh

Intel has inaugurated the region’s first Centre of Excellence for Wireless Applications (CEWA) in partnership with King Abdulaziz City for Science and Technology (KACST) in Riyadh, Saudi Arabia. CEWA inaugration - Riyadh 28SEP2010

The inauguration was conducted by Mohammed ibn Ibrahim Al-Suwaiyel, president of KACST, and Thomas Kilroy, senior vice president and general manager of Intel’s sales and marketing group, in the presence of Prince Dr. Turki Saud Mohammad Al Saud, chairman of CEWA and VP for Research Institutes of KACST, and Prince Mohamed bin Khaled bin AlAbdullah AlFaisal, chairman of AlFaisaliah Group.

The centre’s key capabilities include offering expertise and consultative services to operators, governments, vendors and regulators to drive wireless applications and provide performance labs to evaluate and optimise wireless networks. In addition, CEWA is heavily geared toward research and development and offering managed services.

The CEWA initiative mirrors the three pillars of Intel’s Digital Transformation Initiative – that of fostering education, innovation and research, and will contribute to Intel’s commitment to developing the skill sets of the region’s future generations for the new knowledge economy.

FT acquires 40 per cent of Meditel and wants more

France Telecom has entered a deal purchase 40 per cent of Moroccan telecom operator Meditel for €640 million (US$840 million). France Telecom CEO Stephane Richard said he planned to increase the group’s holding in Meditel to 49 percent within the next five years.

France Telecom aims to double revenue in emerging markets by 2015, largely through acquisitions worth between €5 billion – €7 billion.

Its acquisition of the Meditel stake puts it in competition with Vivendi, which is majority owner of Morocco’s former telecom monopoly Maroc Telecom. Maroc Telecom has a market share of about 50 per cent and Meditel 30 per cent, with the remainder held by third player Wana Corporate.

“We plan to add five per cent (to our stake in Meditel) in 2011 and then increase our holding in the company to 49 per cent by 2015,” Richard said.

“One of the plans for Meditel is to be listed on the (Casablanca) bourse in 2011. The details of this plan depend on the Moroccan shareholders,” he said.

Meditel has been looking for a major foreign investor since last year when two large shareholders, Spain’s Telefonica and Portugal Telecom sold their stakes of 32.2 per cent each.

Their shareholdings were bought by Moroccan private group FinanceCom and CDG for US$1.15 billion in September.

Ghassan Murad appointed CFO of Batelco Bahrain

Batelco Bahrain has announced the appointment of Ghassan Murad to the post of chief financial officer for Batelco’s Bahrain operations. GM-Photo -Dr. Ghassan Murad

With over 12 years experience in Batelco, as the head of mergers and acquisitions for MENA, Ghassan has been predominantly responsible for leading business development initiatives that have resulted in the acquisition of stakes in other companies including QualityNet, Umniah and Sabafon. Ghassan is also a board director of some of the overseas operating Batelco companies.

Poor handset performance claims another CEO victim

South Korea’s LG Electronics, the world’s third-largest mobile handset manufacturer, said its chief executive will be replaced by the brother of the LG Group’s chairman after record losses at its handset business.LGE phones

Koo Bon-joon, the younger brother of LG Group chairman Koo Bon-moo, will replace Nam Yong, who offered to resign at a board of director’s meeting on September 17 to take responsibility for poor management, LG Group said in a statement.

LG Electronics is the LG Group’s flagship business and its chief is considered number two in rank after the group chairman. Nam, 62, who has been CEO for four years, will remain in the job until a March stockholders meeting, where Koo will be officially appointed.

“Nam Yong offered to resign as CEO to take responsibility for the flagging performance and pave the way for a new CEO to prepare for the coming year and beyond,” the statement said.

In July, LG Electronics reported that second-quarter operating profit plunged 90 per cent to SKW 126 billion (US$109 million) from a record high of SKW 1.24 trillion a year earlier. The handset business suffered an operating loss of SKW 120 billion compared with a profit of SKW 620 billion the year before.

Koo, 59, has served as executive officer in various subsidiaries of LG Group, most recently as vice chairman of LG International.

The demise of Nam follows the removal of Olli-Pekka Kallasvuo as CEO of Nokia later this week, given the handset manufacturers muted performance in the smartphone space and its declining market valuation.

RIM negotiations with TRA in UAE remain inconclusive

Talks between the UAE’s Telecommunications Regulatory Authority (TRA) and Research In Motion (RIM) regarding the state being given access to data being transmitted over BlackBerry devices remain inconclusive at this point in time. It is less than a month until BlackBerry services are set to be suspended in the UAE should a compromise not be reached.

As such, domestic telcos Du and Etisalat are reported to be continuing with their activities to develop alternative messaging and online services for corporates to utilise should BlackBerry services become unavailable.

On August 1 the TRA confirmed that BlackBerry Messenger, BlackBerry E-mail and BlackBerry web-browsing services in the UAE would be suspended as of October 11 give the failure of attempts, dating back to 2007, to bring BlackBerry services in the UAE in line with UAE telecommunications regulations.

RIM faced similar threats in India and Saudi Arabia in the past couple of months; and in each market was able to prevent the suspension of its services. It had been expected that the Canadian company would be able to negotiate a similar stay of execution in the UAE.