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OECD launch real-time information hub to make foreign travel safer

first_img Tags: Blackburn Covid-19 a year on Allowing governments and stakeholders to exchange information in real-time on plans and approaches facilitating travel, the forum would act as a decision-making hub – but will be used by countries on a voluntary basis. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp Show Comments ▼ In a bid to make international travel safer, ministers from the Organisation for Economic Co-operation and Development (OECD) have backed a new initiative to share knowledge in real-time, at the organisation’s annual meeting in Paris today. The travel industry has had a turbulent year, with international air passenger transport plummeting around 75 per cent in 2020 and international tourism collapsing by around 80 per cent. (Photo by Byron Smith/Getty Images)The travel industry has had a turbulent year, with international air passenger transport plummeting around 75 per cent in 2020 and international tourism collapsing by around 80 per cent. (Photo by Byron Smith/Getty Images) The travel industry has had a turbulent year, with international air passenger transport plummeting around 75 per cent in 2020 and international tourism collapsing by around 80 per cent. The OECD Blueprint, initiated by Spain, suggests having a traffic-light system to classify risks and guidance on how vaccination should be certified for travel. A safe travel blueprint and a temporary international forum for knowledge sharing form part of the tabled proposal. The travel industry has had a turbulent year, with international air passenger transport plummeting around 75 per cent in 2020 and international tourism collapsing by around 80 per cent. (Photo by Byron Smith/Getty Images)The travel industry has had a turbulent year, with international air passenger transport plummeting around 75 per cent in 2020 and international tourism collapsing by around 80 per cent. (Photo by Byron Smith/Getty Images) Also Read: OECD launch real-time information hub to make foreign travel safer OECD launch real-time information hub to make foreign travel safer Share “The OECD is in a unique position to help countries coordinate international action in the context of reopening global travel,” said OECD secretary-general Angel Gurría at the ministerial meeting in Paris. However, countries like Greece, Iceland, Mexico, Portugal and Spain – key holiday destinations, suffered even more from the pandemic restrictions. The travel industry has had a turbulent year, with international air passenger transport plummeting around 75 per cent in 2020 and international tourism collapsing by around 80 per cent. (Photo by Byron Smith/Getty Images)The travel industry has had a turbulent year, with international air passenger transport plummeting around 75 per cent in 2020 and international tourism collapsing by around 80 per cent. (Photo by Byron Smith/Getty Images) Also Read: OECD launch real-time information hub to make foreign travel safer The travel industry has had a turbulent year, with international air passenger transport plummeting around 75 per cent in 2020 and international tourism collapsing by around 80 per cent. (Photo by Byron Smith/Getty Images)The travel industry has had a turbulent year, with international air passenger transport plummeting around 75 per cent in 2020 and international tourism collapsing by around 80 per cent. (Photo by Byron Smith/Getty Images) Also Read: OECD launch real-time information hub to make foreign travel safer “This initiative will help reduce uncertainty and complexity and enable countries to prepare more effectively for a return to safe international travel and tourism.”     An international framework for travel policies, national and regional rules, that highlights inconsistencies are crucial to avoiding confusion and extra costs for travellers and transport and tourism companies. Pre-pandemic tourism contributed 4.4 per cent of GDP, 6.9 per cent of employment, and 21.5 per cent of service exports, for the average country within the OECD. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeAll Things Auto | Search AdsMost Affordable Camper VansAll Things Auto | Search AdsPast Factory”Waltons” Actress Says Magazine Ended Her CareerPast FactoryBleacherBreaker41 Old Toys That Are Worth More Than Your HouseBleacherBreakerLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsDrivepedia30+ Funny Photos Of Car Owners Having A Rough DayDrivepediaBrake For ItSay Goodbye: These Cars Will Be Discontinued In 2021Brake For ItDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search AdsMoneyWise.comMechanics Say You Should Avoid These Cars In 2021  MoneyWise.com whatsapp Millie Turner Monday 31 May 2021 3:56 pmlast_img read more


Will Greece leave the Eurozone? Crunch time as Greeks heads to the polls in bailout referendum

first_img Lynsey Barber Tags: Eurozone Greek debt crisis Will Greece leave the Eurozone? Crunch time as Greeks heads to the polls in bailout referendum Show Comments ▼ Sunday 5 July 2015 3:22 am whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Share Greece will today head to the polls to vote in a referendum which could send the country tumbling into financial disaster and plunge the Eurozone into turmoil.Greeks will vote on whether or not to accept the terms of a new bailout deal which demands austerity measures including VAT rises and pension cuts. The surprise referendum called by Greek Prime Minister Alexis Tsipras who is urging Greece to vote against the deal, will see millions head to the polls days after the country’s existing bailout expired.Read more: Greek banks prepare to trim clients’ savingsCampaigners for and against have held a series of rallies ahead of the vote while the relationship between Greece’s politicians and European leaders has grown increasingly tense after months of protracted, and ultimately unsuccessful,  negotiations to prevent Greece defaulting on its debts.The country’s official bailout with the International Monetary Fund (IMF), European Commission (EC) and European Central Bank (ECB) expired on Tuesday and debt repayments to creditors were not made. Tsipras casts his vote in today’s referendum (Source: Getty)Greek finance minister Yanis Varoufakis, who has promised to stand down if Greece votes Yes, yesterday accused its creditors of “terrorism”. He also said that banks in Greece, which have been closed for a week and limits on ATM withdrawals imposed, will reopen on Tuesday whatever the outcome.Read more: Even pro-Europeans admit the Greek crisis has been disastrous for the EUMeanwhile, German finance minister Wolfgang has suggested that if Greece were exit the Eurozone as a result of today’s vote, it would only be temporary.Another senior figure in Europe, EC president Martin Schulz has warned Greece of the risk of its public services collapsing, including  health, power and transport.The result of the referendum, which polls have suggested is too close to call, is expected to be declared later on Sunday evening. whatsapplast_img read more


Trade barriers hurt shippers, carriers and consumers, says Merlog executive

first_img Trade barriers in the cool chain drive up costs for shippers, force shipping lines to pay more for container positioning, and hit consumers in the pocket.That was the verdict from Georg Southey, a manager at South African frozen food distributor, Merlog, when he addressed the Cool Logistics Africa conference earlier this month.Mr Southey told delegates that although it costs Merlog $2,000 to import a refrigerated container full of produce into South Africa, the country’s fruit exporters can pay between $5,000 and $6,000 to export a similar box.South Africa imports a little over 19,000 reefer boxes every year, however, which is far fewer than it exports, suggesting the problem could be economics rather than politics.According to Steve Alaerts from Foodcareplus, an Antwerp-based food logistics provider, there is a widely held view in the cool chain industry that when shipping companies hiked reefer rates in South Africa in 2012, exporters bore the brunt of the increase.He added, however, that because carriers tend to undercut each other, the price hike lasted little more than three months before most of the rate increases eroded.A leading South African fruit shipper, preferring to remain anonymous, told The Coolstar that he views the increase in South Africa’s export freight rates in the context of the container lines’ previous rate-slashing policy, which was a means of drawing freight away from conventional refrigerated ships towards containers. About 80% of South Africa’s fruit exports now leave in containers.Importers, on the other hand, resisted shipping lines’ drive to increase rates much more effectively, Mr Alaerts added, and because there is now huge demand for boxes in the run up to the fruit export season, exporters are again having to pay more.Mr Southey, who is principally involved in the frozen meat trade, made a plea to fruit exporters to join forces to resist protectionism. He cited South Africa’s chicken market, where non-EU whole birds currently attract an 82% tariff. That means domestic chicken production cannot keep pace with demand and that means consumers pay more, he claimed.Andy Connell from fruit shipper Dole Foods added that mandatory cold treatment for citrus is one of the latest threats that could prove expensive for South Africa’s citrus export industry.  Cold treatment is designed to prevent the spread of the ironically named ‘Mediterranean fruitfly’ by subjecting citrus containers to guaranteed temperature regimes from the point of loading up to discharge in a destination port.Many shippers see this as another technical hurdle designed to keep citrus from South Africa away from European supermarket shelves. By Alex Lennane 25/03/2014last_img read more


Merck shocks with CETP cholesterol study win; Ra Pharma’s scant PNH data

first_imgBiotech @adamfeuerstein Welcome to Readout Markets, where I’ll deliver news, analysis, and market chatter from the corner of biotech and Wall Street. Keep checking back, as I’ll be updating throughout the day.Updated at 4:17 pm EDT Senior Writer, Biotech Adam is STAT’s national biotech columnist, reporting on the intersection of biotech and Wall Street. He’s also a co-host of “The Readout LOUD” podcast. By Adam Feuerstein June 27, 2017 Reprints STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Adam Feuerstein Log In | Learn More What’s included? Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Unlock this article — plus daily coverage and analysis of the biotech sector — by subscribing to STAT+. First 30 days free. GET STARTED About the Author Reprints Merck shocks with CETP cholesterol study win; Ra Pharma’s scant PNH data [email protected] What is it? GET STARTED Tags biotechnologydrug developmentfinanceReadout MarketsSTAT+last_img read more


ICBC sets precedent on regulating MGAs

Olivia Glauberzon FSRA warns about life agent misconduct Keywords Managing General AgenciesCompanies Canadian Council of Insurance Regulators, Insurance Council of British Columbia FSRA’s costs heading higher Related news MGAs are considered “middlemen,” according to the notice. And insurance carriers typically sign a contract with MGAs — which are business entities that hold a life insurance licence — to handle several administrative functions on its behalf, such as distributing agent commissions, administering life contracts and handling complaints. The notice seeks to clearly define an MGA’s compliance responsibilities with respect to those functions, says Gerry Matier, executive director of the ICBC, who authored the report: “We wanted to ensure that MGAs have guidelines in place to analyze transactions and the experience of agents submitting those transactions.” For example, if a life agent who typically deals with critical illness policies sends an MGA an application for a $2-million life insurance policy, it’s up to the MGA to examine the transaction before it sends it over to the carrier. As a tool to assist MGAs in that mission, the notice outlines a “Know Your Advisor” requirement, which will require MGAs to do a series of background checks to verify an agent’s level of expertise and experience. Any MGA that fails to do its due diligence in this respect could face disciplinary action. MGAs will also be required to report questionable agent behaviour to regulators as well as carry a minimum amount of errors and omissions insurance. Although MGAs are accountable for the responsibilities they are contracted for, the ICBC states that ultimately, “insurers are responsible for the functions that are contracted and completed by MGAs” — regardless of how effectively MGAs execute them. For the most part, respectable MGAs have already been acting in accordance with these standards, says Matier. “We just wanted to add further clarification to what is already common practice.” The industry welcomes the clarity. For instance, MGAs used to think of themselves as administrators and felt absolved the responsibility to monitor transactions, says Lawrence Ian Geller, president of L.I. Geller Insurance Agencies Ltd. of Campbellville, Ont.: “With this notice, they can no longer throw their hands up in the air, as they did in the past, and say, ‘That’s not our job’.” Prior to the notice, actions such as conducting agent background checks and reporting bad behaviour were up to MGAs’ discretion, says Byren Innes, senior vice president and director with Toronto-based insurance consultancy NewLink Group Inc.: “These were things MGAs may or may not have done. Now, they don’t have a choice.” Formally outlining the responsibilities of an MGA is a new step in the saga of developing regulations in the independent insurance channel. In February 2011, the Canadian Council of Insurance Regulators released its first paper that formally evaluated the independent channel and questioned the role of MGAs. The CCIR’s final recommendations on regulatory requirements for MGAs are yet to be released. “I’d be surprised if other CCIR members go a completely different route,” Innes adds. “The ICBC has set a very practical tone for what MGA requirements need to be.” FSRA to examine seg funds, MGA channel Managing general agencies operating in British Columbia are now on the hook for reviewing the insurance policies they process as well as determining the suitability of the agents they employ, representing the first time in Canada that the regulation of MGAs has been put into practice. “In a limited way, MGAs are responsible for the business processed on behalf of an insurer and may be accountable if an insurance transaction is found not to be in a client’s best interest,” states the Insurance Council of British Columbia’s notice, entitled Roles and Responsibilities of Managing General Agents in The Distribution of Life Insurance in British Columbia, which was published on Jan. 27. Share this article and your comments with peers on social media Facebook LinkedIn Twitter read more


CREA reports November home sales and prices up from year ago mark

first_imgHouse. 123RF The Canadian Real Estate Association says November home sales rose 11.3% compared with a year ago.The association says 37,213 homes were sold through its MLS systems, up from 33,437 in November 2018. Canadian Press CI’s new joint venture will invest in global real estate and infrastructure The increase in sales came as the national average price for a home sold in November was about $529,000, up 8.4% compared with a year ago. Excluding Greater Toronto and Greater Vancouver, the average price was around $404,000, up 6.9% compared with last year.In its updated outlook, the association says it expects home sales this year to total 486,800, while it says the national average price is on track to rise 2.3%.That compared with an earlier forecast for 482,000 home sales for 2019 and a 0.5% increase in the national average price.For 2020, CREA says it expects home sales to rise 8.9% next year to 530,000. The national average price is forecast to rise 6.2% to $531,000. Merger of B.C. financial services, real estate regulators nears completion Keywords Real estate Brookfield Property Partners reports Q4 loss compared with a profit a year earlier Facebook LinkedIn Twitter Share this article and your comments with peers on social media Related newslast_img read more


Information Minister Outlines Progress in Eliminating Discrimination Against Women

first_imgRelatedJIS Hailed By Private Media Photo: JIS PhotographerMinister Without Portfolio in the Office of the Prime Minister with Responsibility for Information, Senator the Hon. Sandrea Falconer. Information Minister Outlines Progress in Eliminating Discrimination Against Women InformationSeptember 19, 2013Written by: OPM Communications Unit Minister without Portfolio with responsibility for Information, Sen. Sandrea Falconer on Tuesday, September 17, reaffirmed Government’s commitment to the Convention on the Elimination of all Forms of Discrimination Against Women (CEDAW) and outlined some of the progress being made as she addressed the opening ceremony of a Government/NGO Dialogue Towards Effective Implementation of the tenets of the Convention being held in Kingston.In highlighting the Government’s commitment to CEDAW and the implementation of recommendations of the CEDAW Committee, Minister Falconer said the Government will continue to drive the implementation of the outstanding recommendations noting that: “Already we have a fundamental policy shift in how the Government will treat the matter of sexual harassment”. According to Minister Falconer, “previously, the government had decided to implement a national policy and then enact the requisite supporting legislations, but after consultations with the Minister of Justice…our approach will be to move towards promulgating legislation that will penalize sexual harassment and provide an avenue of redress for our women.”Minister Falconer added that several targeted public education campaigns, sensitization and training sessions have already been held with members of the private and public sectors and civil society and that the Government has established a committee comprising representatives of Government, NGOs and other key stakeholders to examine the issue of Gender-based Violence.“We are committed to promoting Decent Work for Domestic and Household Workers and ratifying ILO Convention 189 which promotes Decent Work for Domestic Workers. The Minister of Labour and Social Security has stated his commitment to Jamaica’s ratification of Convention 189, and work is advanced to adopt the relevant legislation as well as measures to ensure that the Government can be in a position to ratify this new Convention in the near future. We are also committed to acceding to the CEDAW Optional Protocol” Minister Falconer said.The Minister said that consistent with commitments given at the international level, the Government of Jamaica will continue to strengthen the national policy framework for development and will not stop until all the work is done, noting “considerable progress has been made in advancing women’s rights and gender equality” although there are lingering challenges which demands a more strategic and creative framework which takes into consideration local realities and how these impact the implementation processes.The two- day government / NGO Dialogue initiative brings together participants from Jamaica and the region and is organised by International Women’s Rights Action Watch Asia Pacific (IWRAW Asia Pacific) and Woman Inc. (Jamaica) in collaboration with the Association of Women’s Organizations Jamaica (AWOJA). Story HighlightsGov’t committed to the Convention on the Elimination of all Forms of Discrimination Against Women (CEDAW) The Government will continue to drive the implementation of the outstanding recommendations Several targeted public education campaigns, sensitization and training sessions have already been held RelatedFocus On Access To Informationcenter_img FacebookTwitterWhatsAppEmail Information Minister Outlines Progress in Eliminating Discrimination Against WomenJIS News | Presented by: PausePlay% buffered00:0000:00UnmuteMuteDisable captionsEnable captionsSettingsCaptionsDisabledQualityundefinedSpeedNormalCaptionsGo back to previous menuQualityGo back to previous menuSpeedGo back to previous menu0.5×0.75×Normal1.25×1.5×1.75×2×Exit fullscreenEnter fullscreenPlay RelatedChairman Says JIS Will Seek to Maintain High Standard Advertisementslast_img read more


Celebration of Life Set To Honor Pattie Daly Caruso

HomeNewsObituaryCelebration of Life Set To Honor Pattie Daly Caruso Sep. 21, 2017 at 7:30 amObituaryCelebration of Life Set To Honor Pattie Daly CarusoGuest Author4 years agoobituaries CitywideCelebration of Life Set To Honor Pattie Daly CarusoPattie Daly Caruso was born in Fayetteville, North Carolina on March 28, 1944 and passed away on September 17, 2017 at her home in Palm Desert, California. Pattie was an actress, writer, producer, television/radio host and philanthropist. She had her first radio show, “Pat’s Platter Party” on an ABC affiliate at the age of 17. Years later, after graduating from the Pasadena Playhouse, she had her first television show on a FOX affiliate. Shortly afterward, she would meet and marry her first husband, Jim Daly, and together they had two children, daughter Quinn and son Carson. Jim Daly passed away at an early age leaving Pattie to raise their children. Ultimately she met and married Richard Caruso and the family moved from Santa Monica to Palm Desert.Once in the Coachella Valley, Pattie immersed herself in the local society. She single-handedly launched a local television show called “Valley Views” that covered local events, charities, celebrities and people throughout the Coachella Valley and was broadcast on both cable and local network affiliates.The show ran for over 25 years and was the longest running talk show in the Coachella Valley. She would go on to host many events including “It’s Everyone’s Fight” for the American Cancer Society and “Holiday Voices” for the Eisenhower Medical Center Auxiliary.She was the spokesperson for the Ronald McDonald House and received the acclaimed National Communicator Award for outstanding programming on “Valley Views.” She also founded and chaired “Media Mavens” – Ladies of Radio, Television, Print, PR and Marketing in the Palm Springs/Coachella Valley area. She also worked as a reporter on CBS Local 2’s program, “Eye On The Desert.”Pattie was named “Television Woman of the Year” in 1997, “First Lady of the Desert” in 1998, “Desert Woman of the Year” in 2002 and was honored with the prestigious Athena Award in 2003. She was the recipient of the 2004 Hero Award for her commitment to raising awareness and research for breast cancer.On Mother’s Day 2004 she appeared on The Letterman Show and was honored as one of Letterman’s “Top Ten Moms.” In 2009, Pattie received a Star on the Walk of Stars in downtown Palm Springs. Desert Samaritans also named her “Citizen of the Year.” All of Pattie’s accomplishments are too numerous to mention but she would tell you her greatest accomplishment was raising her two wonderful children.She always ended “Valley Views” with this saying – “Yesterday’s history, tomorrow’s a mystery, today’s a gift and that’s why we call it the present…live in the now moment!”Pattie is survived by her husband Richard Caruso, daughter Quinn, son Carson and many wonderful grandchildren.The public is invited to attend a Catholic memorial mass for Pattie Daly Caruso to be held this coming Saturday at 12 p.m. at Sacred Heart Church in Palm Desert. The “Celebration of Life” will be conducted by Pastor Howard A. Lincoln. Sacred Heart Church is located at 43-775 Deep Canyon Rd. at the corner of Deep Canyon and Fred Waring Drive in Palm Desert.A large turnout is expected for the service so it is recommended that elderly and individuals who have mobility challenges arrive early.In lieu of flowers the family is requesting a donation to Sacred Heart Church.Please contact Wiefels’ and Sons for service details at (760) 327-1257 or [email protected] by Cynthia HolbrookTags :obituariesshare on Facebookshare on Twitteradd a commentThe Play With The  22-Word TitleWhat If My Landlord Offers Me Money To Move Out?You Might Also LikeFeaturedNewsObituaryPeopleGifted local scholar Sharon Gillerman dies at 60Clara Harter6 months agoFeaturedNewsObituaryDeli King passes awayeditor11 months agoFeaturedNewsObituaryPeopleLocal Entrepreneur dies at 48editor12 months agoFeaturedNewsObituaryPeopleCommunity invited to celebrate Thelma Terry this SaturdayBrennon Dixson1 year agoFeaturedNewsObituaryBeloved actor-comedian Orson Bean, 91, hit and killed by car on Venice BlvdAssociated Press1 year agoEventsFeaturedNewsObituaryPeopleLocal activist to be honored Feb. 8Brennon Dixson1 year ago read more


Tele2 puts end to Norway speculation with TeliaSonera deal

first_img Related Previous ArticleEricsson, SK Telecom join forces on 5G researchNext ArticleOrange focusing on Spain, dips toe into US market Steve Costello The long running question mark about Tele2’s future in Norway has been removed, with a SEK5.1 billion ($744 million) deal to offload the unit to rival TeliaSonera.The combination will see TeliaSonera end up with 2.7 million subscribers, increasing its market share to around 40 per cent. Market leader Telenor has 3.2 million mobile subscribers.TeliaSonera said that “in order to show the benefit of consolidation for the customer” – and possibly to appease the competition regulators – it will deliver 4G coverage to 98 per cent of the population by 2016, two years ahead of its obligations.“This is a great strategic fit for TeliaSonera and in line with our ambition to strengthen our position in our core markets,” said Johan Dennelind, president and CEO of TeliaSonera.Tele2’s long-term position in the Norwegian market has been unclear for some time, since it failed to secure 4G spectrum late last year. It began “evaluating strategic opportunities” in March.Tele2 was previously linked with Access Industries, a new(ish) entrant which won 4G spectrum, but which does not have a significant presence in the mobile market. However, this partnership never came to fruition.In a statement, Tele2 said that the sale will generate a capital gain of around SEK2 billion, “confirmation of Tele2’s continued focus on creating value for its shareholders”. It said that it is currently too early to provide an update on its intended use of the cash.“The competitive constraints we faced without resources on the multiband frequency required us to evaluate different options for our Norwegian business. While we have not been able to complete our originally desired strategy, the proposed deal is good for our customers, shareholders and Tele2 as a whole,” said Mats Granryd, president and CEO of Tele2.Tele2 Norway had net sales of SEK4.1 billion and EBITDA of SEK121 million in 2013. It has a customer base of 1.2 million and 432 employees.Since its position in Norway has been unclear, Tele2 has been focusing its efforts on markets including Sweden, Netherlands and Kazakhstan. Last year, it also offloaded its Russian unit.TeliaSonera said it expects integration costs of SEK250 million to SEK450 million and investments of SEK350 million. It also expects “substantial cost synergies”, estimated at SEK800 million annually from 2016.The intention is to “continue to offer a variety of brands on the Norwegian market, both premium and low cost brands”.Initial analyst reaction to the deal was negative, particularly in terms of its effect on the overall Norwegian mobile market. “This is the predictable result of a pretty miserable and failed spectrum licencing process, which has resulted in pretty dramatic consolidation,” said Bengt Nordström, CEO of Northstream. “Norway now essentially has two strong operators, plus a very small outfit with lots of spectrum, little infrastructure and few customers.”Nordström described it as a “good deal” for TeliaSonera, as well as Tele2 shareholders, but also warned that it’s “a timely reminder for the mobile industry that poor regulatory decisions can create uncertainty that makes a mockery of huge infrastructure investments.”The transaction is subject to regulatory approval from the Norwegian Competition Authority, which is anticipated at the latest by the first quarter of 2015. Author AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 07 JUL 2014 Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more Access IndustriesFinancialNorwayTele2TeliaSonera Tele2 set for exec team shake-up Tags Home Tele2 puts end to Norway speculation with TeliaSonera deal Tele2 eyes converged boost with Com Hem rebrand Tele2 looks to a post-pandemic worldlast_img read more


Verizon gives prepaid another refresh

first_img prepaidVerizon Diana Goovaerts Previous ArticleOfficial Show Daily PreviewNext ArticlePhilippines releases draft terms for third operator Verizon gave its prepaid offering another refresh, adding a new $30 service tier, a hotspot option and international capabilities.From 20 February, Verizon said it will offer the tariff with unlimited talk, text and 500MB of data. The plan joins lineup which includes a $40 package offering 3GB of data, 7GB for $50 and 10GB for $60. The company also dropped its prepaid unlimited plan pricing from $80 to $75.Verizon announced prepaid customers can now join its Travel Pass programme, where they can spend $5 per day to use their regular plan allowances internationally. Mobile hotspot capabilities are also joining the mix for prepaid customers, Verizon added, albeit at 3G speeds.The move to boost its prepaid offerings follows the debut of prepaid family plans in October 2017 and comes after Verizon became the only operator to lose prepaid customer in Q4 2017: 184,000 compared to gains of 63,000 at Sprint, 140,000 at AT&T and 149,000 at T-Mobile US.While it doesn’t offer much in the way of data value given the next plan up offers much more data for just a $10 increase, the new $30 plan could be away for Verizon to woo back basic phone customers who refuse to sign up to a plan with data they feel they won’t use even if they have a smartphone. Author Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more Amazon reels in MGM Tags Verizon shuffles executives AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 19 FEB 2018 Verizon sorts sensor supremo Home Verizon gives prepaid another refresh Relatedlast_img read more