The Investment Bank of Greece, a member of Marfin Popular Bank Group will offer the minority shareholders of the Cyprus Tourism Development Co. Ltd. (the owner of the Nicosia Hilton) the opportunity to exit out of their holding and sell their shares on the same terms at which the Louis Group earlier sold its shares.
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Ericsson announced that its U360 mobile platform has been selected by Taiwanese mobile device manufacturer ASUSTeK Computer for its recently launched T500 PC card. The U360 is an EDGE/WCDMA/HSPA platform with quad-band EDGE as well as triple-band HSPA capabilities on the downlink. It represents one of the smallest, yet most powerful and stable commercially available
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IFA Hotels & Resorts is opening its second Yotel concept hotel in the United Kingdom, with 32 stylish cabins at Heathrow Airport Terminal 4, following the initial opening at Gatwick earlier this year. “Heathrow Airport is not only the biggest airport in the UK but also one of the busiest in the world. Last year,
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Serbia’s first mobile operator Telenor d.o.o. has signed a frame contract with Nokia Siemens Networks to build a nationwide 3G radio network as the operator moves to offer high-quality mobile broadband services across the country. The new advanced radio network, using Wideband Code Division Multiple Access (WCDMA) technology, will allow data to be transmitted at
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Moody’s Investors Service has lowered the outlook on the A2/Prime-1 deposit ratings and A3 subordinated debt ratings of Gulf International Bank to ‘negative’ from ‘stable’, while the bank’s C- Bank Financial Strength Rating (BFSR) is affirmed and retains its ‘stable’ outlook. Moody’s cautioned that the bank’s material investments in US residential mortgage-backed securities (RMBS) and
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By Dr Alan Waring  Hardly a day goes by without another corruption scandal being reported somewhere. With such frequent media coverage, it is easy for the public to suffer from ‘attention fatigue’ and relegate the latest corruption exposé to the ‘just another bit of bad behaviour’ category. After all, the perpetrators are often remote
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Cyprus seems to be losing out in the international public relations game, with little it can do to effectively clamp down on the rise of illegal immigrants coming from Syria, shipped from Latakia to the Turkish-occupied port of Famagusta and then smuggled across the UN-patrolled Green Line. “What could Cyprus have done more?†one could
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Motorola, Inc. has shipped its 50 millionth SURFboard modem in a milestone that further strengthens its leadership in global modem deployments as well as retail cable modem shipments. “For the last decade, Motorola has brought its proven experience and expertise to help further the development of the DOCSIS(R) standards,” said Alan Lefkof, corporate vice president,
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In its annual report on the City of Athens, Moody’s Investors Service said the city’s A1 issuer rating, with stable outlook, reflects the Greek capital’s fast-growing economy, its satisfactory revenue profile, which features notable and growing own-source revenue streams, and its modest level of indebtedness — albeit set to rise in the following two years.
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Vodafone Germany is the first operator to put Ericsson’s new Base Transceiver Station (BTS) Power Savings feature in place, a commercially available service that reduces energy consumption in mobile networks and makes an important contribution to cutting carbon-dioxide emissions. During periods of low network traffic, the feature effectively puts those parts of the network that
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