FTS Group Makes $1,000,000 Acquisition Related Cash Payment and Chunghwa Telecom Announced Internal Figures for 2006 Operating Results
26 January 2007
Wireless Communications industry news provided by Financial News USA (OTC: FNWU). FTS Group, Inc. (OTC BB:FLIP), an acquisition and development Company operating in the wireless, technology and Internet space, recently announced that it has made a $1,000,000 US cash acquisition related payment. The payment was related to the 2006 acquisition of See World Satellites, Inc. The Company also announced that it has restructured $250,000 of Debt to be paid over the next 45 days.
Chunghwa Telecom Co., Ltd (NYSE: CHT), recently announced its internal un-audited figures for 2006 operating results. Total revenues were NT$184.4 billion, operating costs and expenses were NT$127.2 billion, net income was NT$44.9 billion and EPS was NT$4.63. All figures were prepared in accordance with ROC GAAP. Chunghwa Telecom (TAIEX 2412, NYSE: CHT) is the leading telecom service provider in Taiwan. Cable firm NTL (Nasdaq:NTLI), which recently tried to buy British broadcaster ITV for 4.7 billion pounds ($9.3 billion), is constantly looking for content assets, Chief Financial Officer Jacques Kerrest said on Thursday. "We will be continuously looking for content," Kerrest told investors at a high-yield debt conference in London organised by BNP Paribas. NTL has also complained to regulators about the actions of rival BSkyB, which took a blocking stake in ITV after the bid was announced. Tougher competition and complications from its $11.6 billion merger hit Alcatel-Lucent's (NYSE:ALU) revenue and wiped out fourth-quarter profit, the telecom equipment maker warned Tuesday, sending its shares plummeting less than two months after the company's creation. Alcatel-Lucent said revenue, calculated as if the tie-up had taken effect previously, fell 16 percent to 4.42 billion euros ($5.72 billion) in the October-December period from 5.25 billion euros a year earlier.
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