wi-tribe Broadband Now in Faisalabad


wi-tribe, recognized as Pakistan’s No.1 broadband company for service quality, has launched services in Faisalabad, its 5th city of operations. After launching services in Karachi, Lahore, Islamabad & Rawalpindi, now the residents of Faisalabad can too enjoy a superior broadband experience.

With an aim to enhance online access for both personal and business use, wi-tribe is focused towards expanding its quality-driven network, in line with a strategic plan to provide an affordable range of broadband services to more customers in all their cities of operation.

 

 

While talking about wi-tribe’s expansion in Pakistan, VP Sales & Marketing; Wahib Aslam said, “We are really excited about introducing our services to Faisalabad and take this opportunity to invite the local community to join the tribe. We look forward to our customers benefiting from wi-tribe’s diverse package and promotion offerings, along with a superior broadband experience. It is evident that any country’s literacy and GDP are significantly tied to online access, which will only improve the opportunities for wi-tribe’s community.”

According to PTA’s Quality of Service survey, wi-tribe is Pakistan’s youngest, yet fastest growing, broadband company, with an aim to continue setting new standards. wi-tribe’s planned expansion in Pakistan is proof of their commitment to contribute towards sustained growth in the country, with the belief that consumers are ready to embrace access to high-speed connectivity.

Nokia and Microsoft form Partnership


Nokia has joined forces with Microsoft in an attempt to regain ground lost to the iPhone and Android-based devices.

The deal will see Nokia use the Windows phone operating system for its smartphones, the company said.

It means that Nokia’s existing operating systems will be sidelined.

Speaking at the launch of the partnership, Nokia’s chief executive Stephen Elop revealed that there would be “substantial” job losses as a result of the tie-up.

Nokia will remain “first and foremost…a Finnish company. Finland is our home and will remain our home,” he said.

But job losses around the world, including in Finland, will be inevitable, he added.

Windows first

Speaking about the new partnership with Microsoft, Mr Elop said that “the game has changed from a battle of devices to a war of ecosystems”.

“An ecosystem with Microsoft and Nokia has unrivalled scale around the globe,” he said.

Microsoft’s chief executive Steve Ballmer was also present at the launch, underlining the importance of the deal to the computing giant.

“Nokia and Microsoft working together can drive innovation that is at the boundary of hardware, software and services,” he said.

Microsoft’s Bing will power Nokia’s search services, while Nokia Maps would be a core part of Microsoft’s mapping services.

The new strategy means Nokia’s existing smartphone operating systems will be gradually sidelined.

Symbian, which runs on most of the company’s current devices will become a “franchise platform”, although the company expects to sell approximately 150 million more Symbian devices in future.

“It is a transition from Symbian to Windows phone as our primary smartphone platform,” said Mr Elop.

Windows may not be the exclusive operating system for Nokia tablets though.

“We reserve the right to introduce tablets using other platforms, including ones we may be working on internally,” he said.

There was no specific announcement about when the first Windows-powered Nokia phone will be available.

Mr Elop revealed that the firm did consider a tie-up with Google’s Android operating system.

“We spent time with our colleagues at Google and explored the Google ecosystem but we felt we would have difficulty differentiating within that ecosystem,” he said.

It was also revealed that talks with Microsoft only began in November, illustrating how quickly the deal has been pushed through.

Future clashes

The move away from Symbian is a brave decision for Nokia, according to experts.

“This is a clear admission that Nokia’s own-platform strategy has faltered,” said Ben Wood, an analyst with research firm CCS: Insight.

“Microsoft is the big winner in this deal, but there are no silver bullets for either company given the strength of iPhone and Google’s Android,” he added.

Nokia’s share of the smartphone market fell from 38% to 28% in 2010, according to monitoring firm IDC.

Nokia’s upcoming Meego operating system will also be sidelined.

According to the company statement: “MeeGo will place increased emphasis on longer-term market exploration of next-generation devices.”

The new platform was expected to form the core of Nokia’s future smartphone and tablet strategy.

The company says it still plans to ship one Meego device by the end of 2011.

For Magnus Rehle, the Nordic managing director of research firm Greenwich Consulting, Nokia may have difficulty juggling its three operating systems: Windows, Symbian and MeeGo.

“Three platforms is a lot to work with. I’m not sure there is room for so many platforms,” he said.

And, as with any tie-up, there could be clashes between the two firms, he said.

Earlier this week Nokia chief executive Stephen Elop sent a memo to staff warning that the company was in crisis.

 

Why no Android? Why not do what HTC has done (successfully) and spread its bets?

More: Nokia statement, Microsoft statement and open letter

The inability of Nokia to spread its bets—it was too complicated—means Microsoft is a guaranteed mobile giant. The deal will work out for Microsoft for sure. Why? Microsoft CEO Steve Ballmer just bought mobile distribution. What Yahoo is to Bing, Nokia is to Windows Phone 7.

“The game has changed from a war of devices to a war of ecosystems,” said Nokia CEO Stephen Elop at his press conference. “We have an opportunity to disrupt the trajectory in the mobile ecosystem. Together we will deliver great mobile products.”

Ballmer said Microsoft and Nokia “can work together in a different kind of a way.” Nokia and Microsoft engineers will collaborate. Nokia will bring its hardware expertise to the partnership and help develop Windows Phone 7. Both Ballmer and Elop noted that the partnership will yield some enterprise friendly developments.

At the press conference, Elop outlined how the Microsoft partnership is good for Nokia. Then Elop delivered the understatement of 2011.

“We believe this partnership is also good for Microsoft.”

Gee, ya think Stephen? The mobile standings via Gartner tell the tale:

Let’s assume that over the next three years Nokia’s Symbian operating system largely gets replaced by Windows Phone 7. If that’s the case, Microsoft garners about 30 percent market share. I’m going to assume some market share leakage. At the very least, Microsoft winds up with 20 percent market share. Add it up and Microsoft just ensured there’s a four-horse mobile OS race short term: Android, Apple’s iOS, RIM and Windows Phone 7. If you assume RIM winds up with Android somehow, then it’s a three-horse race. Elop said “this is now a three horse race.”

If Android won over Nokia it would have been game, set, match for the mobile platform race. Google would have won.

Nokia shipped more than 461 mobile units in 2010. No one even comes close to that many devices. Microsoft will ride along with most of those devices.

In a nutshell, Nokia will:

  • Focus on Windows Phone and Microsoft’s ecosystem—Bings, Xbox Live and Office.
  • MeeGo will ship, but largely be a learning experience for Nokia.
  • Install a new leadership team.
  • Structure the company to focus on smart devices and mobile phones—a move that makes a lot of sense.

Elop said Nokia and Microsoft have been on a journey on the mobile front. A few specifics are yet to be determined, but Ballmer and Elop have promised to disrupt, overcome challenges and be speedy.

Ballmer has taken a lot of heat for missing the mobile curve. Today, Microsoft got itself back in the game with this Nokia partnership.

Summit Bank – A Valuable Addition to Pakistan’s Banking Industry


The re-launch of Summit Bank (formerly Arif Habib Bank) was announced by the bank’s management at a press briefing session held at a local hotel. Summit Bank is one of the fastest growing Commercial Banks of the country supported by an overseas investment entity – Suroor Investment Limited.

After the successful merger with Atlas Bank, Summit Bank has an increased network of 80 branches having presence in 20 different cities across Pakistan and Azad Jammu & Kashmir. As part of the merger, all Atlas bank customers are now part of “Summit Family” – who are promised a satisfying banking experience. The bank’s consolidated Customer Deposits have also gone up to Rs. 62 billion, with number of accounts to about 100,000 and advances to Rs. 44 billion.

Addressing the media on the occasion, Mr. Husain Lawai, President & CEO, Summit Bank said, “We want to give our customers a satisfying banking experience that is geared towards offering banking solutions in line with the changing customer needs. Our customers will now benefit from a wider range of products and services as well as an expanded network of branches with several onsite /offsite ATMs across Pakistan. Besides, we have many products in the pipeline to cater to varying financial needs of all the customer segments we are serving.”

 

Commenting on the bank’s operations, Mr. Anwar Luftullah, Head of Operations & Information Technology, Summit Bank said, “Our vision is to be the preferred provider of financial products and services to the markets. The Management of Summit Bank believes in customer satisfaction and is committed to provide innovative solutions to fulfill the banking needs of our customers with quality service. Our team will strive to deliver swift and competitive services to our valued customers.”

All branches are Real Time Online; providing our customers with the facility of easy access to deposit or withdraw cash from any of our Branches or ATMs anywhere in Pakistan without incurring any additional charges; making banking with us a faster, reliable and a convenient experience. At the moment, Summit Bank is offering a variety of value-added services which includes SMS Banking, Internet Banking, Free Visa Debit Card, Customer’s Cash Protection, Evening Banking Facility and Free Remittance Payment. To address customer queries effectively at any time of the day, the bank is also operating a 24/7 contact centre which can be reached at 0800-24365.

Android Overtook Nokia As Top Selling Smartphone OS in Q4 2010


The Google backed Android smartphone platform has overtook Nokia’s Symbian OS during the last quarter of 2010, according to figures released by Canalys. Shipments of Android-based smart phones reached 32.9 million, while devices running Nokia’s Symbian platform trailed slightly at 31.0 million worldwide. However, Nokia did retain its position as the largest single brand smartphone vendor, with a share of 28%.

The fourth quarter also saw the worldwide smart phone market continue to soar, with shipments of 101.2 million units representing year-on-year growth of 89%. The final quarter took shipments for the year to fractionally below 300 million units, with an annual growth rate of 80% over 2009 (see table below).

In Q4 2010, volumes of Google OS-based smart phones (Android, OMS and Tapas) were again boosted by strong performances from a number of vendors, notably LG, Samsung, Acer and HTC, whose volumes across these platforms grew 4,127%, 1,474%, 709% and 371% respectively year-on-year. HTC and Samsung together accounted for nearly 45% of Google OS-based handset shipments.

“2010 has been a fantastic year for the smart phone market. After a difficult 2009, the speed with which the market has recovered has required real commitment and innovation from vendors and they have risen to the challenge,” said Canalys VP and Principal Analyst Chris Jones. “But vendors cannot afford to be complacent. 2011 is set to be a highly competitive year with vendors looking to use new technology, such as dual-core processors, NFC and 3D displays, to differentiate their products and maintain value.”

At a regional level, Europe, the Middle East and Africa (EMEA) remained the largest market, with shipments totalling 38.8 million and a year-on-year growth rate of 90%. Nokia continued to lead in EMEA and Asia Pacific, but in 2010 it was overtaken by RIM in Latin America, which shipped over a million more units than Nokia in Q4 2010. The vendor was particularly helped by the popularity of its mid-range smart phones, such as its Curve family of devices.

The USA continued its reign as the largest country market in terms of shipments, at more than double the size of the Chinese smart phone market. RIM recaptured first place from Apple, as the latter experienced its usual US seasonal dip, and RIM benefited from the first full quarter of shipments for the BlackBerry Torch. HTC successfully maintained its third-place ranking in the US for the third consecutive quarter, driven by its speed to market with the latest Android updates and new Windows Phone 7 devices.

“The US landscape will shift dramatically this coming year, as a result of the Verizon-Apple agreement,” said Canalys Analyst Tim Shepherd. “Verizon will move its focus away from the Droid range, but the overall market impact will mean less carrier-exclusive deals, while increasing the AT&T opportunity for Android vendors, such as HTC, Motorola and Samsung.”

Android was by far the largest smart phone platform in the US market in Q4 2010, with shipments of 12.1 million units – nearly three times those of RIM’s BlackBerry devices. Windows Phone 7 devices appeared too late in the quarter to take full advantage of holiday season purchasing. As a result, Microsoft lost share in the United States, from 8% in Q4 2009 to 5% in Q4 2010.

Analysis of the published country-level data shows that, around the world, the strength of smart phone performances remained diverse. In South Korea, for example, shipments grew from under 700,000 units in Q4 2009 to just under 3.4 million units in Q4 2010, making the country a top 10 market. In Japan, Android shipments have taken off over the past year, with nearly 1.4 million units shipping from local as well as international vendors, such as HTC. More Japanese vendors have also announced plans to launch Android devices in 2011, such as NEC Casio and Panasonic. Under pressure from Huawei and Samsung in particular, Nokia’s share in China slipped to 56%, down from 76% a year ago, despite growing its volume in the country by over 70% in the same period. Albeit from a smaller base, the Chinese market grew 134% year-on-year, notably faster than the US market, which grew at 64% in the quarter.

Click on images to enlarge

Qubee Investment to Reach $150 million by year-end


Qubee, a 100 per cent subsidiary of Augere Holdings, has planned to expand its advanced internet technology to reach millions of customers in many new cities by increasing its total investment from present $90 million to $150 million by the end of 2011, said Augere Holdings Chief Marketing Officer Alistair Johnston.

Johnston said this while briefing journalists about the future plans of Qubee at a local hotel on Thursday. With working experience of more than 12 years with different telecom companies, Johnston is leading Qubee to become the best selling service in Pakistan with the philosophy of “Broadband for All”.

The network infrastructure has been widened significantly and now Qubee offers one of the lowest broadband rates in the country with uninterrupted connectivity and extensive download capacity, claimed Johnston.

Home users are our main customers though we have entered into different deals with academic institutes and small-sized businesses in Karachi, he asserted. The expansion in operations will offer business ventures and employment opportunities to the local people in this highly advanced technology field, said Johnston.

The Pakistan market has terrific potential due to the fact that broadband penetration is low whereas a larger population is set to adopt this technology in the future.

“We are looking forward to adding more professionals to our staff. The number of employees in the company will increase to 1,000 by the year-end”, he said.

Nokia Q4 2010 net sales EUR 12.7 billion, non-IFRS EPS EUR 0.22 (reported EPS EUR 0.20) Nokia 2010 net sales EUR 42.4 billion, non-IFRS EPS EUR 0.61 (reported EPS EUR 0.50)


Nokia Board of Directors will propose a dividend of EUR 0.40 per share for 2010 (EUR 0.40 per share for 2009).

This is a summary of the fourth quarter and annual results 2010 interim report published today. The complete fourth quarter and annual results 2010 interim report, including the full year 2010 information and tables, is available at http://www.nokia.com/results/Nokia_results2010Q4e.pdf. Investors should not rely on summaries of our interim reports only, but should review the complete interim reports with tables.

Non-IFRS fourth quarter 2010 results1 Non-IFRS full year 2010 results1
EUR million Q4/2010 Q4/2009 YoY Change Q3/2010 QoQ Change 2010 2009 YoY Change
Net sales 12 653 11 988 6% 10 271 23% 42 451 40 987 4%
Devices & Services 8 501 8 179 4% 7 174 18% 29 138 27 853 5%
NAVTEQ 309 225 37% 252 23% 1 003 673 49%
Nokia Siemens Networks 3 961 3 625 9% 2 943 35% 12 661 12 574 1%
Operating profit 1 090 1 473 -26% 634 72% 3 204 3 503 -9%
Devices & Services 961 1 257 -24% 750 28% 3 162 3 488 -9%
NAVTEQ 100 54 85% 74 35% 265 121 119%
Nokia Siemens Networks 145 201 -28% -116 95 28 239%
Operating margin 8.6% 12.3% 6.2% 7.5% 8.5%
Devices & Services 11.3% 15.4% 10.5% 10.9% 12.5%
NAVTEQ 32.4% 24.0% 29.4% 26.4% 18.0%
Nokia Siemens Networks 3.7% 5.5% -3.9% 0.8% 0.2%
EPS, EUR Diluted 0.22 0.25 -12% 0.14 57% 0.61 0.66 -8%
Reported fourth quarter 2010 results Reported full year 2010 results
EUR million Q4/2010 Q4/2009 YoY Change Q3/2010 QoQ Change 2010 2009 YoY Change
Net sales 12 651 11 988 6% 10 270 23% 42 446 40 984 4%
Devices & Services 8 499 8 179 4% 7 173 18% 29 134 27 853 5%
NAVTEQ 309 225 37% 252 23% 1 002 670 50%
Nokia Siemens Networks 3 961 3 625 9% 2 943 35% 12 661 12 574 1%
Operating profit 884 1 141 -23% 403 119% 2 070 1 197 73%
Devices & Services 1 018 1 219 -16% 807 26% 3 299 3 314 -0.5%
NAVTEQ -19 -56 -48 -225 -344
Nokia Siemens Networks 1 17 -94% -282 -686 -1 639
Operating margin 7.0% 9.5% 3.9% 4.9% 2.9%
Devices & Services 12.0% 14.9% 11.3% 11.3% 11.9%
NAVTEQ -6.1% -24.9% -19.0% -22.5% -51.3%
Nokia Siemens Networks 0.0% 0.5% -9.6% -5.4% -13.0%
EPS, EUR Diluted 0.20 0.26 -23% 0.14 43% 0.50 0.24 108%

Note 1 relating to non-IFRS results: Non-IFRS results exclude special items for all periods. In addition, non-IFRS results exclude intangible asset amortization, other purchase price accounting related items and inventory value adjustments arising from i) the formation of Nokia Siemens Networks and ii) all business acquisitions completed after June 30, 2008. More specific information about the exclusions from the non-IFRS results may be found in our complete interim report with tables on pages 3-4, 13-15 and 18 for the quarterly periods and pages 28-30 and 32 for the full year 2010 and 2009.

Nokia believes that these non-IFRS financial measures provide meaningful supplemental information to both management and investors regarding Nokia’s performance by excluding the above-described items that may not be indicative of Nokia’s business operating results. These non-IFRS financial measures should not be viewed in isolation or as substitutes to the equivalent IFRS measure(s), but should be used in conjunction with the most directly comparable IFRS measure(s) in the reported results. A reconciliation of the non-IFRS results to our reported results for Q4 2010 and Q4 2009 as well as for full year 2010 and 2009 can be found in the tables on pages 11, 13-16 and 27-32 of our complete interim report with tables. A reconciliation of our Q3 2010 non-IFRS results can be found on pages 12-13 and 15-19 of our Q3 2010 complete interim report with tables that was published on October 21, 2010.

FOURTH QUARTER 2010 HIGHLIGHTS
– Nokia net sales of EUR 12.7 billion in Q4 2010, up 6% year-on-year and 23% sequentially (flat and up 24% at constant currency).
– Devices & Services net sales of EUR 8.5 billion in Q4 2010, up 4% year-on-year and 18% sequentially (down 3% and up 19% at constant currency).
– Services net sales of EUR 201 million in Q4 2010, up 21% year-on-year and 26% sequentially; billings of EUR 352 million, up 57% year-on-year and 8% sequentially.
– Nokia total mobile device volumes of 123.7 million units in Q4 2010, down 3% year-on-year and up 12% sequentially.

– Nokia converged mobile device (smartphone and mobile computer) volumes of 28.3 million units in Q4 2010, up 36% year-on-year and 7% sequentially.
– Nokia mobile device ASP (including services revenue) of EUR 69 in Q4 2010, up from EUR 64 in Q4 2009 and EUR 65 in Q3 2010.
– Devices & Services gross margin of 29.2% in Q4 2010, down from 34.3% in Q4 2009 and up from 29.0% in Q3 2010.
– Devices & Services non-IFRS operating margin of 11.3% in Q4 2010, down from 15.4% in Q4 2009 and up from 10.5% in Q3 2010.
– NAVTEQ net sales of EUR 309 million in Q4 2010, up 37% year-on-year and 23% sequentially (up 33% and 27% at constant currency).
– Nokia Siemens Networks net sales of EUR 4.0 billion in Q4 2010, up 9% year-on-year and 35% sequentially (up 7% and 37% at constant currency).
– Nokia Siemens Networks non-IFRS operating margin of 3.7% in Q4 2010, down from 5.5% in Q4 2009 and up from -3.9% in Q3 2010.
– Nokia operating cash flow of EUR 2.4 billion and cash generated from operations of EUR 2.5 billion in Q4 2010.
– Total cash and other liquid assets of EUR 12.3 billion and net cash and other liquid assets of EUR 7.0 billion at the end of Q4 2010.
– Nokia taxes continued to be unfavorably impacted by Nokia Siemens Networks taxes as no tax benefits are recognized for certain Nokia Siemens Networks deferred tax items. In Q4 2010, this was more than offset by a favorable profit mix and certain current quarter benefits both in Devices & Services and in Nokia Siemens Networks taxes. If Nokia’s estimated long-term tax rate of 26% had been applied, non-IFRS Nokia EPS would have been approximately 2.5 Euro cents lower in Q4 2010.

FULL YEAR 2010 HIGHLIGHTS
– Based on Nokia’s preliminary estimate, industry mobile device volumes increased 13% in 2010, compared to 2009 (based on Nokia’s revised definition of the industry mobile device market applicable beginning in 2010).
– Based on Nokia’s preliminary market estimate, Nokia’s mobile device volume market share decreased to 32% in 2010, compared to 34% in 2009 (based on Nokia’s revised definition of the industry mobile device market share applicable beginning in 2010).
– Nokia’s estimated mobile device value market share was down slightly in 2010, compared to 2009.
– Nokia’s non-IFRS operating expenses in Devices & Services were approximately EUR 5.6 billion in 2010, compared to EUR 5.8 billion in 2009.
– Devices & Services non-IFRS operating margin was 10.9% in 2010, compared to 12.5% in 2009.
– Based on preliminary estimates, Nokia and Nokia Siemens Networks believe the market for mobile and fixed infrastructure and related services was approximately flat in Euro terms in 2010, compared to 2009.
– Based on preliminary estimates, Nokia and Nokia Siemens Networks believe Nokia Siemens Networks grew slightly faster than the market in Euro terms in 2010, compared to 2009.
– Nokia Siemens Networks non-IFRS operating margin of 0.8% in 2010, compared to 0.2% in 2009.

STEPHEN ELOP, NOKIA CEO:
“In Q4 we delivered solid performance across all three of our businesses, and generated outstanding cash flow. Additionally, growth trends in the mobile devices market continue to be encouraging. Yet, Nokia faces some significant challenges in our competitiveness and our execution. In short, the industry changed, and now it’s time for Nokia to change faster.”

NOKIA OUTLOOK
– Nokia expects Devices & Services net sales to be between EUR 6.8 billion and EUR 7.3 billion in the first quarter 2011.
– Nokia expects its non-IFRS operating margin in Devices & Services to be between 7% and 10% in the first quarter 2011.
– Nokia and Nokia Siemens Networks expect Nokia Siemens Networks’ net sales to be between EUR 2.8 billion and EUR 3.1 billion in the first quarter 2011.
– Nokia and Nokia Siemens Networks expect the non-IFRS operating margin in Nokia Siemens Networks to be between -3% and breakeven in the first quarter 2011.

Nokia will hold a Strategy and Financial Briefing in London on February 11, 2011. In connection with that event, Nokia plans to discuss its strategy and objectives going forward.

FOURTH QUARTER 2010 FINANCIAL HIGHLIGHTS
The non-IFRS results exclusions
Q4 2010 – EUR 206 million (net) consisting of:
– EUR 28 million restructuring charge and other associated items in Nokia Siemens Networks
– EUR 85 million restructuring charges in Devices & Services
– EUR 147 million gain on sale of wireless modem business in Devices & Services
– EUR 116 million of intangible asset amortization and other purchase price accounting related items arising from the formation of Nokia Siemens Networks
– EUR 119 million of intangible asset amortization and other purchase price accounting related items arising from the acquisition of NAVTEQ
– EUR 5 million of intangible assets amortization and other purchase price related items arising from the acquisition of OZ Communications, Novarra and Motally in Devices & Services

Q4 2010 taxes – EUR 52 million non-cash tax benefit from reassessment of recoverability deferred tax assets in Nokia Siemens Networks

Q3 2010 – EUR 231 million (net) consisting of:
– EUR 61 million prior years-related refund of customs duties
– EUR 49 million restructuring charge and other associated items in Nokia Siemens Networks
– EUR 117 million of intangible asset amortization and other purchase price accounting related items arising from the formation of Nokia Siemens Networks
– EUR 122 million of intangible asset amortization and other purchase price accounting related items arising from the acquisition of NAVTEQ
– EUR 4 million of intangible assets amortization and other purchase price related items arising from the acquisition of OZ Communications, Novarra, MetaCarta and Motally in Devices & Services

Q3 2010 taxes – EUR 127 million prior years-related non-cash benefit from Q3 2010 changes in dividend withholding tax legislation in certain jurisdictions with retroactive effects

Q4 2009 – EUR 332 million (net) consisting of:
– EUR 89 million restructuring charge and other one-time items in Nokia Siemens Networks
– EUR 22 million gain on sale of real estate in Nokia Siemens Networks
– EUR 36 million restructuring charge in Devices & Services
– EUR 117 million of intangible asset amortization and other purchase price accounting related items arising from the formation of Nokia Siemens Networks
– EUR 110 million of intangible asset amortization and other purchase price accounting related items arising from the acquisition of NAVTEQ
– EUR 2 million of intangible assets amortization and other purchase price related items arising from the acquisition of OZ Communications in Devices & Services

Q4 2009 taxes – EUR 213 million non-cash positive effect from development and outcome of various prior year items impacting Nokia taxes

Non-IFRS results exclude special items for all periods. In addition, non-IFRS results exclude intangible asset amortization, other purchase price accounting related items and inventory value adjustments arising from i) the formation of Nokia Siemens Networks and ii) all business acquisitions completed after June 30, 2008.

Nokia Group
Nokia’s fourth quarter 2010 net sales increased 6% to EUR 12.7 billion, compared with EUR 12.0 billion in the fourth quarter 2009, and increased 23% compared with EUR 10.3 billion in the third quarter 2010. At constant currency, group net sales would have been flat year-on-year and increased 24% sequentially.

The following chart sets out the year-on-year and sequential growth rates in our net sales on a reported basis and at constant currency for the periods indicated.

FOURTH QUARTER 2010 NET SALES, REPORTED & CONSTANT CURRENCY1
YoY Change QoQ Change
Group net sales – reported 6% 23%
Group net sales – constant currency1 0% 24%
Devices & Services net sales – reported 4% 18%
Devices & Services net sales – constant currency1 -3% 19%
NAVTEQ net sales – reported 37% 23%
NAVTEQ net sales – constant currency1 33% 27%
Nokia Siemens Networks net sales – reported 9% 35%
Nokia Siemens Networks net sales – constant currency1 7% 37%

Note 1: Change in net sales at constant currency excludes the impact of changes in exchange rates in comparison to the Euro, our reporting currency.

Nokia’s fourth quarter 2010 reported operating profit was EUR 884 million, compared with an operating profit of EUR 1 141 million in the fourth quarter 2009 and an operating profit of EUR 403 million in the third quarter 2010. Nokia’s fourth quarter 2010 reported operating margin was 7.0%, compared with 9.5% in the fourth quarter 2009 and 3.9% in the third quarter 2010. Nokia’s fourth quarter 2010 non-IFRS operating profit was EUR 1 090 million, compared with EUR 1 473 million in the fourth quarter 2009 and EUR 634 million in the third quarter 2010. Nokia’s fourth quarter 2010 non-IFRS operating margin was 8.6%, compared with 12.3% in the fourth quarter 2009 and 6.2% in the third quarter 2010. The year-on-year decrease in Nokia’s non-IFRS operating margin resulted from a decline in Devices & Services and Nokia Siemens Networks’ non-IFRS operating margins that were only partially offset by an increase in NAVTEQ’s non-IFRS operating margin. The sequential increase in Nokia’s non-IFRS operating margin reflected improved non-IFRS operating margin in all three reportable segments.

The following chart sets out Nokia Group’s cash flow (for the periods indicated) and financial position (at the end of the periods indicated), as well as the year-on-year and sequential growth rates.

NOKIA GROUP CASH FLOW AND FINANCIAL POSITION
EUR million Q4/2010 Q4/2009 YoY Change Q3/2010 QoQ Change
Cash generated from operations 2 492 1 288 93% 1 206 107%
Operating cash flow1 2 436 1 535 59% 439 455%
Total cash and other liquid assets 12 275 8 873 38% 10 235 20%
Net cash and other liquid assets2 6 996 3 670 91% 4 375 60%
Net debt-equity ratio (gearing) -43% -25% -29%

Note 1: Net cash from operating activities.
Note 2: Total cash and other liquid assets minus interest-bearing liabilities.

Year-on-year and sequentially, the increase in operating cash flow was primarily driven by net working capital improvements in both Devices & Services and Nokia Siemens Networks. Approximately EUR 600 million of these net working capital improvements were driven by the timing of customer payments and value-added tax refunds, which were received in Q4 2010 instead of subsequent periods. In addition, on a sequential basis, we did not experience the cash outflows related to foreign exchange hedging activities that we had in the third quarter 2010, and our operating cash flow also benefited from improved net profit.

Both total as well as net cash and other liquid assets increased in the fourth quarter 2010 as a result of positive overall cash generation.

Devices & Services
Net Sales.
The following chart sets out our Devices & Services net sales for the periods indicated, as well as the year-on-year and sequential growth rates, by category.

DEVICES & SERVICES NET SALES BY CATEGORY
EUR million Q4/2010 Q4/2009 YoY Change Q3/2010 QoQ Change
Mobile phones1 4 092 4 294 -5% 3 560 15%
Converged mobile devices2 4 407 3 885 13% 3 613 22%
Total 8 499 8 179 4% 7 173 18%

Note 1: Series 30 and Series 40-based devices ranging from basic mobile phones focused on voice capability to devices with a number of additional functionalities, such as Internet connectivity, including the services and accessories sold with them.
Note 2: Smartphones and mobile computers, including the services and accessories sold with them.

The following chart sets out Devices & Services net sales for the periods indicated, as well as the year-on-year and sequential growth rates, by geographic area.

DEVICES & SERVICES NET SALES BY GEOGRAPHIC AREA
EUR million Q4/2010 Q4/2009 YoY Change Q3/2010 QoQ Change
Europe 3 088 3 153 -2% 2 289 35%
Middle East & Africa 1 177 1 148 3% 930 27%
Greater China 1 682 1 243 35% 1 654 2%
Asia-Pacific 1 603 1 783 -10% 1 504 7%
North America 233 257 -9% 226 3%
Latin America 715 595 20% 570 25%
Total 8 499 8 179 4% 7 173 18%

 

Year-on-year, the 4% net sales increase resulted from higher ASPs partially offset by lower device volumes in most regions.  Our device volumes in the fourth quarter 2010 were adversely affected by shortages of certain components, which we expect to continue to impact our business at least through the end of the first quarter 2011, as well as by a number of supply and logistics challenges driven by the tight component availability during the quarter. Sequentially, the 18% net sales increase reflected higher ASPs, as well as higher device volumes in most regions, partially offset by a number of supply and logistics challenges driven by the tight component availability during the fourth quarter 2010. At constant currency, Devices & Services net sales would have decreased 3% year-on-year and increased 19% sequentially.

Of our total Devices & Services net sales, services contributed EUR 201 million in the fourth quarter 2010, compared with EUR 166 million in the fourth quarter 2009 and EUR 159 million in the third quarter 2010. Services billings in the fourth quarter 2010 were EUR 352 million, compared with EUR 224 million in the fourth quarter 2009 and EUR 325 million in the third quarter 2010.

Volume and Market Share. The following chart sets out our Devices & Services volumes for the periods indicated, as well as the year-on-year and sequential growth rates, by category.

DEVICES & SERVICES MOBILE DEVICE VOLUMES BY CATEGORY
million units Q4/2010 Q4/2009 YoY Change Q3/2010 QoQ Change
Mobile phones1 95.4 106.1 -10% 83.9 14%
Converged mobile devices2 28.3 20.8 36% 26.5 7%
Total 123.7 126.9 -3% 110.4 12%

Note 1: Series 30 and Series 40-based devices ranging from basic mobile phones focused on voice capability to devices with a number of additional functionalities, such as Internet connectivity, including the services and accessories sold with them.
Note 2: Smartphones and mobile computers, including the services and accessories sold with them.

In the fourth quarter 2010, the overall industry mobile device volumes were 402 million units, based on Nokia’s preliminary estimate, representing an increase of 12% year-on-year and 11% sequentially. Nokia’s preliminary estimated mobile device market share was 31% in the fourth quarter 2010, down from an estimated 35% in the fourth quarter 2009 and up from an estimated 30% in the third quarter 2010 (based on Nokia’s revised definition of the industry mobile device market share applicable beginning in 2010 and applied retrospectively to 2009 for comparative purposes only).

Of the total industry mobile device volumes, converged mobile device industry volumes in the fourth quarter 2010 increased to 90.5 million units, based on Nokia’s preliminary estimate, representing an increase of 73% year-on-year and 29% sequentially. Nokia’s preliminary estimated share of the converged mobile device market was 31% in the fourth quarter 2010, compared with an estimated 40% in the fourth quarter 2009 and an estimated 38% in the third quarter 2010.

The following chart sets out our mobile device volumes for the periods indicated, as well as the year-on-year and sequential growth rates, by geographic area.

DEVICES & SERVICES MOBILE DEVICE VOLUMES BY GEOGRAPHIC AREA
million units Q4/2010 Q4/2009 YoY Change Q3/2010 QoQ Change
Europe 33.5 34.3 -2% 29.2 15%
Middle East & Africa 22.2 24.3 -9% 18.4 21%
Greater China 21.9 17.6 24% 20.2 8%
Asia-Pacific 31.3 34.5 -9% 27.8 13%
North America 2.6 3.8 -32% 3.2 -19%
Latin America 12.2 12.4 -2% 11.6 5%
Total 123.7 126.9 -3% 110.4 12%

 

Nokia’s 3% year-on-year decrease in global mobile device volumes during the fourth quarter 2010 was driven primarily by the intense competitive environment, as well as certain component shortages and a number of supply and logistics challenges resulting from the tight component availability during the quarter. This volume decline was somewhat offset by a year-on-year improvement in the overall market environment. On a sequential basis, Nokia’s 12% increase in global mobile device volumes was primarily due to increased seasonal demand for our devices offset to some extent by a number of supply and logistics challenges driven by the tight component availability during the fourth quarter 2010.

Average Selling Price. The following chart sets out our Devices & Services ASP for the periods indicated, as well as the year-on-year and sequential growth rates, by category.

DEVICES & SERVICES AVERAGE SELLING PRICE BY CATEGORY
EUR Q4/2010 Q4/2009 YoY Change Q3/2010 QoQ Change
Mobile phones1 43 40 6% 42 1%
Converged mobile devices2 156 186 -16% 136 15%
Total 69 64 7% 65 6%

Note 1: Series 30 and Series 40-based devices ranging from basic mobile phones focused on voice capability to devices with a number of additional functionalities, such as Internet connectivity, including the services and accessories sold with them.
Note 2: Smartphones and mobile computers, including the services and accessories sold with them.

The year-on-year 7% increase in our ASP was primarily due to converged mobile devices representing a greater proportion of our overall mobile device sales and the appreciation of certain currencies against the Euro, offset to some extent by general price erosion and a higher proportion of lower-priced converged mobile device sales. On a sequential basis, the 6% increase in our ASP was primarily driven by an increased proportion of sales of higher priced converged mobile devices and foreign exchange hedging, offset to some extent by the depreciation of certain currencies against the Euro. The 17% year-on-year decline in our converged mobile devices ASPs was mainly driven by general price erosion and an increase in the proportion of lower-priced converged mobile devices sales. The 14% sequential increase in our converged mobile devices ASPs was mainly driven by an increased proportion of sales of higher prices converged mobile devices during the fourth quarter 2010.

Profitability. Devices & Services gross profit (reported and non-IFRS) decreased 12% to EUR 2.5 billion, compared with EUR 2.8 billion in the fourth quarter 2009, and increased 19% compared to EUR 2.1 billion in the third quarter 2010. The gross margin (reported and non-IFRS) was 29.2% in the fourth quarter 2010, compared with 34.3% in the fourth quarter 2009 and 29.0% in the third quarter 2010. The year-on-year gross margin decline was primarily due to material cost erosion being less – driven by both shortages of certain components and the appreciation of certain currencies against the Euro – than general product price erosion, as well as a negative impact from foreign exchange hedging. The impact of these factors was offset to some extent by converged mobile devices representing a greater proportion of our overall mobile device volumes. Sequentially, the gross margin increase was primarily due to an increased proportion of sales of higher priced mobile devices and the depreciation of certain currencies against the Euro, offset to a large extent by a negative one-quarter impact from foreign exchange hedging as well as lower royalty income in the fourth quarter 2010. Nokia sees shortages of certain components impacting our business at least through the end of first quarter 2011.

Devices & Services reported operating profit decreased 16% to EUR 1 018 million, compared with EUR 1 219 million in the fourth quarter 2009, and increased 26% compared with EUR 807 million in the third quarter 2010. The reported operating margin was 12.0% in the fourth quarter 2010, compared with 14.9% in the fourth quarter 2009 and 11.3% in the third quarter 2010. Devices & Services non-IFRS operating profit decreased 24% to EUR 961 million compared with EUR 1 257 million in the fourth quarter 2009, and increased 28% compared with EUR 750 million in the third quarter 2010. The non-IFRS operating margin was 11.3% in the fourth quarter 2010, compared with 15.4% in the fourth quarter 2009 and 10.5% in the third quarter 2010. The year-on-year decrease in non-IFRS operating profit was driven primarily by the lower gross margin. Sequentially, the increase in non-IFRS operating profit was primarily due to higher net sales, offset to some extent by higher operating expenses.

NAVTEQ
Net Sales.
Fourth quarter 2010 NAVTEQ reported net sales increased 37% year-on-year to EUR 309 million, compared with EUR 225 million in the fourth quarter 2009, and increased 23% compared to EUR 252 million in the third quarter 2010. The year-on-year and sequential increase in reported net sales was primarily driven by improved sales of map licenses to mobile device customers as well as higher navigation uptake rates in the automotive industry. Sequentially, net sales also benefited from a stronger market for personal navigation devices (PNDs). At constant currency, NAVTEQ net sales would have increased 33% year-on-year and 27% sequentially.

Profitability. In the fourth quarter 2010, NAVTEQ’s gross profit (reported and non-IFRS) increased 37% to EUR 271 million, compared with EUR 195 million in the fourth quarter 2009, and increased 27% compared with EUR 213 million in the third quarter 2010. NAVTEQ’s gross margin (reported and non-IFRS) increased to 87.7%, compared to a reported gross margin of 86.7% and a non-IFRS gross margin of 87.1% in the fourth quarter 2009, and 84.5% (reported and non-IFRS) in the third quarter 2010.

 

In the fourth quarter 2010, NAVTEQ’s reported operating loss decreased to EUR 19 million, compared with a EUR 56 million loss in the fourth quarter 2009 and a EUR 48 million loss in the third quarter 2010. The reported operating margin was -6.1% in the fourth quarter 2010, compared with -24.9% in the fourth quarter 2009 and -19.0% in the third quarter 2010. NAVTEQ’s non-IFRS operating profit was EUR 100 million, compared with EUR 54 million in the fourth quarter 2009 and EUR 74 million in the third quarter 2010.  The non-IFRS operating margin was 32.4% in the fourth quarter 2010, compared with 24.0% in the fourth quarter 2009 and 29.4% in the third quarter 2010. The year-on-year and sequential increase in NAVTEQ’s non-IFRS operating margin was primarily due to higher net sales, offset to some extent by higher operating expenses.

Nokia Siemens Networks
Net Sales.
The following chart sets out Nokia Siemens Networks net sales for the periods indicated, as well as the year-on-year and sequential growth rates, by geographic area.

NOKIA SIEMENS NETWORKS NET SALES BY GEOGRAPHIC AREA
EUR million Q4/2010 Q4/2009 YoY Change Q3/2010 QoQ Change
Europe 1 357 1 327 2% 1 070 27%
Middle East & Africa 423 371 14% 331 28%
Greater China 508 425 20% 311 63%
Asia-Pacific 978 818 20% 711 38%
North America 226 244 -7% 175 29%
Latin America 469 440 7% 345 36%
Total 3 961 3 625 9% 2 943 35%

 

The year-on-year 9% increase in net sales was primarily driven by growth in both the product and services businesses in most regions. The sequential 35% increase in net sales was primarily driven by a seasonally stronger infrastructure market in the fourth quarter 2010. Net sales in the fourth quarter 2010 also benefited from an improvement in overall component availability. Of total Nokia Siemens Networks net sales, services contributed EUR 1.8 billion in the fourth quarter 2010, compared to EUR 1.7 billion in the fourth quarter 2009 and EUR 1.4 billion in the third quarter 2010. At constant currency, Nokia Siemens Networks net sales would have increased 7% year-on-year and 37% sequentially.

Profitability. Nokia Siemens Networks reported gross profit decreased 3% to EUR 1 042 million compared with EUR 1 071 million in the fourth quarter 2009, and increased 48% compared with EUR 702 million in the third quarter 2010.  The reported gross margin was 26.3% in the fourth quarter 2010, compared with 29.5% in the fourth quarter 2009 and 23.9% in the third quarter 2010. Nokia Siemens Networks non-IFRS gross profit in the fourth quarter 2010 decreased 6% to EUR 1 045 million compared with EUR 1 108 million in the fourth quarter 2009, and increased 42% compared with EUR 733 million in the third quarter 2010. The non-IFRS gross margin was 26.4% in the fourth quarter 2010, compared with 30.6% in the fourth quarter 2009 and 24.9% in the third quarter 2010.  The lower year-on-year non-IFRS gross margin in the fourth quarter 2010 was primarily due to general price pressure on certain products, a higher proportion of lower margin products in the business mix and to some extent project execution related challenges in the Middle East and Africa. The higher sequential non-IFRS gross margin in the fourth quarter 2010 was primarily due to a more favourable business mix, strong seasonal net sales and the absence of certain items that had a negative impact on the gross margin in the third quarter 2010.

Nokia Siemens Networks fourth quarter 2010 reported operating profit was EUR 1 million, compared with a reported operating profit of EUR 17 million in the fourth quarter 2009 and a reported operating loss of EUR 282 million in the third quarter 2010. The reported operating margin was 0.0% in the fourth quarter 2010, compared with 0.5% in the fourth quarter 2009 and -9.6% in the third quarter 2010. Nokia Siemens Networks non-IFRS operating profit was EUR 145 million in the fourth quarter 2010, compared with a non-IFRS operating profit of EUR 201 million in the fourth quarter 2009 and a non-IFRS operating loss of EUR 116 million in the third quarter 2010.  The non-IFRS operating margin was 3.7% in the fourth quarter 2010, compared with 5.5% in the fourth quarter 2009 and -3.9% in the third quarter 2010. The year-on-year decline in Nokia Siemens Networks non-IFRS operating profit was primarily due to the lower gross margin, which was to some extent offset by higher net sales and lower operating expenses. The sequential increase in Nokia Siemens Networks non-IFRS operating profit was primarily due to higher net sales and gross margin, offset to some extent by higher operating expenses in the fourth quarter 2010.

Q4 2010 OPERATING HIGHLIGHTS
Devices & Services
– Following the start of shipments of the Nokia N8 in the third quarter, Nokia began shipments of two other smartphones based on the new Symbian software: The Nokia C7, a sleek, full-touch smartphone crafted from stainless steel and glass that is designed to appeal especially to social networkers, and the Nokia C6-01, a smaller, full-touch smartphone that features Nokia ClearBlack technology for improved outdoor visibility.
– Nokia started shipments of the Nokia C3 Touch & Type, a stainless steel device which combines the touch screen and traditional phone keypad.
– Nokia estimates that it became the leader in QWERTY in terms of volume share during the fourth quarter, helped by sales of its affordable QWERTY model, the Nokia C3.
– Nokia continued to develop its Ovi services. Highlights for the quarter included:
– Store continued to see increased downloads of applications and content. The Store is now attracting more than 4 million downloads a day, compared with more than 2.7 million a day reported in October 2010, boosted by traffic from the new Nokia N8 and Nokia C7, the widespread introduction of operator billing and the increased availability of local applications and content specific to individual markets. According to a study by iResearch published since the end of the quarter, Ovi Store ranks as the leading application store in China by downloads. Other key markets for Ovi Store include Russia and Turkey, where downloads from the Store have reached more than 1 million a week in each market.
Maps continued to scale, and today includes coverage of 180 countries and regions in total, with 100 of them navigable. Additionally, more than 100 cities around the world have dedicated pedestrian navigation.  With the release of the latest version of Ovi Maps, users can download maps directly to their device over Wi-Fi as well as enjoy mapping that includes public transport lines for subways, trams and trains in more than 80 cities around the world. Nokia N8 owners have quickly become among the most active Maps users, spending up to four hours a month using maps and navigating.
– Life Tools, Nokia’s unique life improvement mobile information services designed especially for emerging markets, was launched in Nigeria, adding Africa’s most populous country to the service which already operates in India, Indonesia and China.
– Nokia announced that it will use Qt technologies to simplify development for both our own and third party developers. In addition, Nokia announced its intention to support HTML5 for the development of Web content and applications.
– Following the withdrawal of other members, the Symbian Foundation, a non-profit entity, transitioned to a licensing operation only and the Symbian platform’s development is now under the control of Nokia.
– In November 2010, Renesas Electronics Corporation completed its acquisition of Nokia’s Wireless Modem business, which was initially announced on July 6, 2010.

NAVTEQ
– NAVTEQ announced its selection by the Federal Communications Commission (FCC) for US map data to support development of a national broadband map.
– NAVTEQ announced an expansion in R&D capabilities with the addition of a Global R&D Center in Mumbai, India.
– NAVTEQ extended its global agreement with ORTEC, also incorporating additional NAVTEQ Traffic Patterns and NAVTEQ Transport content.
– NAVTEQ acquired PixelActive Inc. to accelerate expansion from a 2D to a 3D map and further leverage 3D technologies for all NAVTEQ products.

Nokia Siemens Networks
– Nokia Siemens Networks added three more 3G customers in India, announcing contracts with Idea Cellular, Vodafone Essar and Aircel.
– Nokia Siemens Networks continued to gain momentum in the emerging network sharing arena. In France Nokia Siemens Networks won a deal to build an enhanced mobile voice and data network in rural France for SFR, which will be shared with two other operators. In the UK Nokia Siemens Networks announced it had supplied more than 12,000 3G base stations to Mobile Broadband Network Ltd (MBNL), bringing improved coverage and capacity for Three and T-Mobile UK customers.
– Nokia Siemens Networks continued to make progress in LTE, announcing contracts with, among others,  Deutsche Telekom in Germany, Elisa in Finland and for  Evolved Packet Core with Tele2 in Sweden.
– Nokia Siemens Networks secured its first network outsourcing contract in China with Anhui Unicom; Nokia Siemens Networks also announced plans to expand its global services delivery capability with the opening a new Global Network Operations Centre in Brazil.
– NBN Co in Australia awarded Nokia Siemens Networks a contract to supply DWDM optical transport network technology for the national broadband project.
– Nokia Siemens Networks announced it will open a Smart Lab in South Korea, focused on developing smart device-optimized applications, services and networks. The lab will explore the potential of wireless broadband technologies for delivering a superior end-user experience.
– Nokia Siemens Networks has successfully tested a technology that could significantly increase the data carrying capacity of standard copper wires. The company achieved data transmission speeds of 825 megabits per second (Mbps) over 400 meters of bonded copper lines and 750 Mbps over 500 meters using “Phantom DSL” technology.

For more information on the operating highlights mentioned above, please refer to related press announcements at the following links: www.nokia.com/press, www.navteq.com/about/press.html, www.nokiasiemensnetworks.com/press

Samsung C322: Dual Sim, QWERTY Phone


Aimed for developing countries, Samsung C322 is the latest device from Samsung that supports two SIMs (Dual SIM) at a time with full QWERTY keyboard for fast and enhanced typing experience for SMS chat.

Also known as Samsung C322 was introduced in India before it recently surfaced in Pakistan. Samsung C322 features a trackpad, a rather small landscape display, DUOS UX interface, Facebook and Twitter integration, “push-like email”, Bluetooth, USB 2.0, and a 1.3MP camera.

Samsung C322 is likely to earn huge followership in Pakistan, due to its dual-SIM capability and QWERTY keyboard, a bonus for the youth of the country who loves sending SMS.

Samsung C322 Specifications

  • Brand: Samsung
  • Model: Chat 322
  • Product: Mobile
  • 1.3 Megapixels Camera
  • 2.4” inch TFT Display
  • Bluetooth v2.1
  • Dual Sim GSM 900/1800/1900 MHz
  • Expandable Memory Micro SD Card Slot
  • Facebook/Twitter/ Flickr apps
  • Fm Radio
  • GPRS/EDGE/WAP
  • Music Player
  • Push E-mail
  • SMS/MMS
  • Video/Movie Player

Samsung C322 Price in Pakistan:

  • Samsung C322 is available in Pakistan for Rs. 8,900.
  • Samsung C322 comes with TeleTech and Mobo International warranties.

Award Winning PTCL EVO is Rated as Poor by 58% Customers: Poll


PTCL’s EVO service, which has recently won ‘Best Consumer Choice Award’ is rated as poor by 58 percent respondents (who are supposedly EVO customers as well) in a poll conducted by PTCL itself.

Poll EVO Ptcl Award Winning PTCL EVO is Rated as Poor by 58% Customers: Poll

In a poll, available on PTCL’s website, a total of 1768 EVO customers have voted so far, out of which 58 percent think that EVO service is poor. Another 22 percent believe that service is Good while only 7 percent rated EVO service as Excellent.

12 percent respondents opted not to rate the service.

Poll is open as of now and is availably publicly here: http://www.ptcl.com.pk/poll_result.php?poll_id=8

EVO is a wireless broadband service from PTCL, which promises the mobility at 3.1 Mbps internet in over 100 cities. Consumers are usually not satisfied with the EVO’s signals in various part of major cities, resulting disconnections or low than advertised speed.

Despite this feedback, EVO’s recent ‘Best Consumer Choice Award’ poses a question mark for the authorities concerned and the credibility of all the awards that we see around us.

11 Pakistanis Go Mobile Every Minute: CEO Mobilink


“Every minute roughly 11 Pakistanis become a part of the cellular community. More than 430,000 SMS messages and 160,000 voice minutes are being exchanged even now as I speak,” said Rashid Khan, President and CEO Mobilink, Pakistan’s market leader in cellular services, at the ceremony to mark the completion of 100 million cellular subscribers in Pakistan.

Khan said, “This is not only a moment of joy for us gathered here but also a reaffirmation to the common Pakistani man and woman that access to technology is not  a privilege limited to the elite, but a right that is available to them – that is accessible and affordable.”

Highlighting the contribution of the telecommunications sector in the country’s growth and development, Khan said, the sector contributes 3% to the country’s GDP whereas the total telecom sector revenue reached at Rs. 357.7 billion in the year 2009-10 compared to Rs. 333 billion in the previous year. This is despite the fact that the cellular industry in Pakistan is paying the highest taxes in comparison to the entire region. Incomes of 6 out of every 1,000 persons in Pakistan are tied with the telecom sector, he added.

Khaled Bichara, Group CEO of Orascom Telecom Holding, Mobilink’s parent company and Egypt’s largest foreign investor in Pakistan was also present at the ceremony.

Bichara congratulated Dr. Muhammad Yaseen, Chairman Pakistan Telecommunications Authority (PTA) and the industry stakeholders on accomplishing this historic milestone.

Hosted by PTA the ceremony was chaired by the Prime Minister of Pakistan, Syed Yousaf Raza Gilani and attended by dignitaries from leading cellular operators as well as Telecom Ministry and industry.

Via Telecom Recorder

Ibrahim Shahid Sets O Level World Record


Ibrahim Shahid, a student of Beaconhouse School System, Boys Branch, Margallah Campus has stunned the world by scoring 23 A’s in Cambridge O Level exams to set a new world record in the history, reported Express Tribune today.

Ibrahim Shahid

Story was produced on Express 24×7 and Geo News as w

ell.

Paper and TV said that Ibrahim Shahid sat for 24 subjects and scored 23 A’s .

Ibrahim Shahid attributed his success to his parents and teachers, said Express Tribune.

Ibrahim Shahid recalled an incident where his teacher in Australia had written him off, stating that he would “never excel”.

BeaconHouse School System Margalla campus Islamabad’s official facebook fan page announced Ibrahim Shahid’s success as following:

Ibrahim Shahid Ibrahim Shahid Sets O Level World Record

Kindly watch a video “O level student from Pakistan scores record 23 As” click here: http://tinyurl.com/4vbyolk

Ali Moeen Nawazish

Earlier, Ali Moeen Nawazish, also a Pakistani student, had set a world record by securing 23 As in A level Cambridge exams.