News

In brief

August 2013

Du announces dividends
DU, the UAE’ second biggest telecom operator, said it would pay Dh1 billion ($272.3 million) to shareholders via special and interim dividends, after it posted a 46 per cent rise in second-quarter net profit.

The firm, which ended rival Etisalat’s domestic monopoly in 2007, made a net profit after royalties of Dh474 million in Q2 2013, up from Dh326 million in the year-earlier period. Second-quarter revenue was Dh2.66 billion, compared with Dh2.37 billion a year ago.

 

4G auction plan scrapped
BAHRAIN has scrapped plans to auction off fourth generation (4G) mobile frequencies and will simply grant licences to the three existing mobile operators, a report said.

The decision was taken during the weekly Cabinet meeting, according to the Gulf Daily News, our sister publication.

A planned auction of 4G licences was put on hold earlier this year after Menatelecom won a court order freezing the process. The telecom firm had gone to court to contest its alleged exclusion from the bidding process.

 

New HP PCs portfolio
HP has launched a broad portfolio of PCs providing enterprise customers with powerful and progressively designed devices that meet a range of deployment scenarios and needs.

The new line-up gives business customers powerful desktops in several sleek new form factors and space-saving all-in-ones (AiOs) that deliver rich multimedia, the latest security protocols and optional touch-enabled displays.

These new desktops also have features like fast charging ports and HP Wireless Hotspot software that play a pivotal role in communicating with mobile devices.

 

Xerox acquires CVG
XEROX has acquired UK-based Customer Value Group (CVG), a software firm specialising in cloud-based accounts receivable (AR) and financial customer relationship management software.

CVG’s primary product Value+ is a Software as a Service (SaaS) cloud application that simplifies the management of customer credit, collections, and disputes, improving overall cash collections.




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