ST Telemedia eyes Indosat stake<\/p>\n
SINGAPORE: Singapore Technologies Telemedia, a unit of the
\nSingapore Technologies Group, may be in talks with PT Indonesian
\nSatellite Corp., or Indosat, to acquire a stake in its mobile
\nphone unit PT Satelit Palapa Indonesia, or Satelindo, the Today
\nnewspaper reports, without quoting sources.<\/p>\n
ST Telemedia is a majority stakeholder of Singapore mobile
\noperator Starhub.<\/p>\n
A ST Telemedia spokeswoman said the company can't comment on
\nmarket speculation, according to the paper. -- Dow Jones<\/p>\n
Fujitsu to cut 3,000 more jobs<\/p>\n
TOKYO: Japanese hi-tech giant Fujitsu Ltd. has decided to cut
\nabout 3,000 more jobs through an early retirement program, a news
\nreport said Thursday.<\/p>\n
The reported plan comes only a month after Fujitsu said it
\nwould cut 2,100 jobs through a voluntary retirement scheme, the
\nAsahi Shimbun said in its evening edition.<\/p>\n
Fujitsu was forced to make further job cuts because the slump
\nin the telecommunications industry, especially in the United
\nStates, has dragged on longer than expected, the newspaper said,
\nwithout citing sources.<\/p>\n
The scheme would affect two factories in Tochigi Prefecture in
\ncentral Japan which make telecommunications equipment.<\/p>\n
The firm cut 17,000 jobs worldwide in the year to March in
\nresponse to the slump in the technology sector. -- AFP<\/p>\n
SingTel to take over networks for Nokia<\/p>\n
SINGAPORE: Singapore Telecommunications Ltd. said Thursday it
\nsigned a multimillion dollar deal to become Nokia Corp.'s sole
\nprovider of electronic mail and other office communication
\nservices in the Asia-Pacific region.<\/p>\n
The Finland-based mobile handset maker previously used SingTel
\nand Dutch-based data carrier Equant NV to transfer computer
\nfiles, e-mail and other data throughout the region.<\/p>\n
SingTel will connect and expand the network for all of Nokia's
\ncorporate communications between offices and factories in the
\nregion, which covers 12 countries and territories, said Jesmine
\nOng, a SingTel spokeswoman.<\/p>\n
Nokia expects a 20 percent reduction in costs once Nokia takes
\nover its Asia-Pacific network by the end of the year, SingTel
\nsaid in a statement. -- AFP<\/p>\n
Telstra: telecoms remain depressed<\/p>\n
SYDNEY: The head of Australia's dominant telecoms carrier
\nTelstra on Thursday predicted the sector would remain subdued for
\nanother year and said he saw few acquisition opportunities in
\nAsia.<\/p>\n
Chief executive Ziggy Switkowski, who has previously talked up
\nhis company's growth prospects in Asia, said fiscal discipline
\nwas the priority for Australia's largest telecoms company over
\nthe next year.<\/p>\n
He said global sentiment on telecoms, already negative after
\nthe technology crash of 2000, had declined further because of
\n"aberrant events" such as the WorldCom accounting scandal.<\/p>\n
Switkowski said Telstra would rather cut back its US$7.7
\nbillion debt than overpay for acquisitions. -- AFP<\/p>\n
Heineken H1 profit down 5.7 percent<\/p>\n
AMSTERDAM: Dutch brewer Heineken posted Thursday a first-half
\nnet profit of 330 million euros (US$322 million), down by 5.7
\npercent from the same period a year earlier.<\/p>\n
Operating profit rose by 13.2 percent to 581 million euros on
\nan 11.4 percent increase in sales to 4.958 billion euros, the
\ncompany said in a statement.<\/p>\n
Heineken, and partners which hold its brewing licenses,
\nproduced 4.4 billion gallons of beer in the first six months of
\nthe year, an increase of 12 percent from a year earlier.<\/p>\n
Shares in the Dutch brewer fell by 1.08 percent to 42.05 euros
\nin midday trade on the Amsterdam stock exchange, which was down
\nby 2.69 percent overall. -- AFP<\/p>\n
Nissan Motor to make cars in China<\/p>\n
TOKYO: Nissan Motor Co. Ltd. plans to invest around 100
\nbillion yen (US$833.4 million) in three years in a planned joint
\nventure with China's Dongfeng Automobile Co. Ltd., a news report
\nsaid Thursday.<\/p>\n
"(Nissan) is expected to start manufacturing cars in China for
\nthe first time," the Asahi Shimbun said without citing sources.<\/p>\n
The move is aimed at accelerating Nissan's business in China
\nwhich has been falling behind that of rivals Toyota Motor Corp.
\nand Honda Motor Co., the Asahi said.<\/p>\n
Nissan and Dongfeng have been negotiating to establish a joint
\nventure in central China's Hubei province with a total investment
\nof around 43 billion yen, the newspaper said.<\/p>\n
They plan to start by producing 100,000 regular passenger cars
\nand compact cars a year, the Asahi said. -- AFP<\/p>",
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