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Archive for June 4th, 2013

Digicel Consortium Submits Tender For Mobile Phone Licence In Myanmar

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NAY PYI TAW, Myanmar, June 3, 2013 /PRNewswire/ — The Digicel consortium today submitted its tender application for a nationwide mobile phone licence to the Government of the Republic of the Union of Myanmar.

The Digicel consortium uniquely brings together European, United States and Asian equity partners to offer unrivalled experience and ability. The consortium comprising of YSH Finance Limited (a joint venture between First Myanmar Investment Co. Limited and Yoma Strategic Holdings Limited, ‘FMI/Yoma’), Digicel Group Limited and Quantum Strategic Partners Ltd, features three of the world’s most recognisable businessmen – Serge Pun, Denis O’Brien and George Soros.

The Digicel consortium has committed to launching its 4G mobile phone network nationwide across rural and urban Myanmar on December 1, 2013, in time for the SEA Games hosted by Myanmar in December from and well in advance of Myanmar’s ASEAN chair in 2014.

The consortium has also committed to reaching 96 per cent population coverage by the end of 2015, thus realising the Union Government’s objective of rapidly increasing mobile penetration in urban and rural Myanmar and providing the citizens of Myanmar the opportunity to choose their telecommunications provider.

“This is truly an historic day for Digicel. With FMI/Yoma and Quantum Strategic Partners, our consortium brings unrivalled expertise, local experience and resources to deliver a world-class telecommunications service to Myanmar,” said Mr. Denis O’Brien – Chairman and Founder of Digicel Group Limited, in Nay Pyi Taw today.

“Our promise is ‘Myanmar’s Bigger, Better Network’ and the Digicel Consortium will do this by delivering the best network, best service, best value and best innovation to the people of Myanmar,” Mr. O’Brien added.

Mr. Serge Pun said: “As a Myanmar citizen I am very excited about the prospect of our Digicel consortium delivering a world-class service. I have seen first-hand how Digicel operates in developing markets and how they have transformed communities by making telecommunications affordable to all, especially in the rural areas.”

Digicel has been active in Myanmar since 2009 in preparation for submitting its tender documents for a telecommunications licence. It is already employing 893 people nationwide and a further 3,500 talented individuals have been selected and are ready to be hired. Digicel is currently the title sponsor of the Myanmar Football Federation and the Myanmar Special Olympics Federation.

Mr. O’Brien revealed that:

  • Digicel will invest almost US$9 billion in a world-class mobile phone network. Of this US$6.6 billion will be directly invested in Myanmar
  • Employ over 7,000 people by the end the first year
  • Digicel’s investment in Myanmar will lead to the creation of 124,000 indirect jobs
  • Digicel will launch its 4G mobile network and achieve 52 per cent population cover by the end of this year and rising to 96 per cent by 2016
  • The roll out will involve 7,000 kilometres of fibre optic cable and provision of 23,000 wi-fi hotspots
  • Digicel will undertake the world’s largest single mobile deployment of solar power – with 7,277 solar sites
  • Another major initiative will be the provision of free connectivity to 879 hospitals, 3,900 secondary schools, 180 universities and 4,600 libraries.

Mr O’Brien said the consortium partners share the vision of the Union Government to achieve three strategic objectives:

  1. To more than triple the national economic growth of the country by 2016
  2. To bring to fruition the full potential of the people of Myanmar through the provision of the latest ICT technologies
  3. To attract direct foreign investment to Myanmar in the telecoms and other key sectors

Under the banner of ‘Myanmar’s Bigger, Better Network’, Digicel will deliver the best network, best service, best value and best innovation to the people of Myanmar.

About Digicel

Digicel Group Limited is a leading global telecommunications provider with operations in 31 markets in the Caribbean, Central America and Asia Pacific. After 12 years of operation, total investment to date stands at over US$4.5 billion worldwide. The company is renowned for delivering best value, best service and best network.

Digicel runs a host of community-based initiatives across its markets and has set up Digicel Foundations in Jamaica, Haiti, Papua New Guinea and Trinidad and Tobago which focus on educational, cultural and social development programmes.

Digicel is the lead sponsor of Caribbean, Central American and Pacific sports teams and individuals including the world’s fastest man, Usain Bolt and Special Olympics teams throughout these regions. Digicel also sponsors the West Indies cricket team.

Visit for more information.

About YSH Finance Limited

YSH Finance Ltd. is part of the SPA Myanmar Group, one of the leading business groups in Myanmar, with companies active in key business sectors, including financial services, real estate development, automobile distribution, agriculture, manufacturing, services, retail and travel and tourism.

YSH Finance Ltd. is owned by First Myanmar Investment Ltd. and Yoma Strategic Holdings Ltd., two public companies within the SPA Myanmar Group.

In 1992, Mr. Pun set up First Myanmar Investment Ltd. (FMI) , a public company in Myanmar with over 4,500 shareholders, all of whom are Myanmar nationals. Employing approximately 5,000 people within the Group, FMI is active in a broad range of activities in Myanmar.

In 2006, Mr. Pun led Yoma Strategic Holdings Ltd. to a successful listing on the mainboard of the Singapore Stock Exchange, which is today the only internationally publicly listed company in the world offering investors direct exposure to Myanmar.

About Quantum

Quantum Strategic Partners Limited is a multi-strategy fund that invests in capital intensive start-ups, buyouts, growth equity and other transactions. Soros Fund Management LLC (SFM) is the principal investment advisor to Quantum Strategic Partners. SFM serves as advisor to a number of Soros family private investment funds which have a multi-billion dollar aggregate asset value.

Source: Digicel Group

Written by asiafreshnews

June 4, 2013 at 12:28 pm

Far East Energy Announces CEO Update Conference Call

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HOUSTON/PRNewswire/ — Far East Energy Corporation (OTCBB: FEEC) today announced that it will host a conference call to update shareholders and other interested parties on Wednesday, June 5, 2013 at 9:00 a.m. Central Time – 10:00 a.m. Eastern Time. Michael R. McElwrath, Chief Executive Officer and President, will discuss the 2013 drilling and operations program and other matters. Jennifer Whitley, CFO, and Huw Williams, Director of Asian Investor Relations, will also be available for comments and questions.
Conference Call Details
To participate in the conference call, participants have the option to listen only to the call or to listen and submit questions for the Q&A segment of the call by accessing a link which will be posted on the Company’s website. Please note: questions can only be submitted via the conference link posted on the Company’s website at
Date: Wednesday, June 5, 2013
Time: 9:00 a.m. CDT and 10:00 a.m. EDT
Dial in access: 1-800-860-2442 (U.S. participants) or

1-412-858-4600 (International participants)

1-866-605-3852 (Canada participants)
Request connect: Far East Energy Conference Call
Call and Q&A:
Far East Energy Corporation
Based in Houston, Texas, with offices in Beijing, and Taiyuan City, China, Far East Energy Corporation is focused on coalbed methane exploration and development in China.
Statements contained in this press release that state the intentions, hopes, estimates, beliefs, anticipations, expectations or predictions of the future of Far East Energy Corporation and its management are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. It is important to note that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: the preliminary nature of well data, including permeability and gas content; there can be no assurance as to the volume of gas that is ultimately produced or sold from our wells; the fracture stimulation and drilling programs may not be successful in increasing gas volumes; due to limitations under Chinese law, we may have only limited rights to enforce the gas sales agreement between Shanxi Province Guoxin Energy Development Group Limited and China United Coalbed Methane Corporation, to which we are an express beneficiary; additional wells may not be drilled, or if drilled may not be timely; additional pipelines and gathering systems needed to transport our gas may not be constructed, or if constructed may not be timely, or their routes may differ from those anticipated; the pipeline and local distribution/compressed natural gas companies may decline to purchase or take our gas, or we may not be able to enforce our rights under definitive agreements with pipelines; conflicts with coal mining operations or coordination of our exploration and production activities with mining activities could adversely impact or add significant costs to our operations; our lack of operating history; limited and potentially inadequate management of our cash resources; risk and uncertainties associated with exploration, development and production of coalbed methane; our inability to extract or sell all or a substantial portion of our reserves and other resources; we may not satisfy requirements for listing our securities on a securities exchange; expropriation and other risks associated with foreign operations; disruptions in capital markets affecting fundraising; matters affecting the energy industry generally; lack of availability of oil and gas field goods and services; environmental risks; drilling and production risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and subsequent filings with the Securities and Exchange Commission.
Source: Far East Energy Corporation
Related stocks: OTC-PINK:FEEC

Written by asiafreshnews

June 4, 2013 at 11:04 am

Posted in Uncategorized

Genesys Wins Frost & Sullivan Thailand Excellence Awards for Contact Center Applications Vendor

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  • Genesys solidifies market leadership in Thailand with social media driven product innovation and key customer wins

BANGKOK, May 31, 2013 /PRNewswire/ — Genesys, a leading provider of customer experience solutions, received the 2013 Frost & Sullivan Thailand Excellence Awards for Contact Center Applications Vendor of the Year. This accolade was presented to Genesys for outstanding performance in the Information and Communication Technologies industry in the Thailand market.

Genesys won based on a rigorous measurement-based methodology that considered revenue, market share, and leadership in new product introduction and innovation. Frost and Sullivan recognized Genesys SIP — its virtual call center software that provides powerful virtualization, simplified infrastructure and innovative multi-channel conversations — as a differentiator among its competitors in Thailand.

“We are proud to have been recognized by Frost and Sullivan in Thailand for our relentless pursuit of improving customer service,” said Tan Guan Chuan, Genesys Director for Southeast Asia. “For more than 20 years, we have always focused on transforming contact center service delivery with our innovative technology and unique insight into what makes a customer experience a great one. This award would certainly continue to fuel our passion for efficiency and innovation in a constantly evolving landscape.”

Genesys achieved double-digit growth in Thailand in 2012, with a growing customer base for its Social Media Customer Service & Social Engagement solutions. Through Genesys, companies are increasingly empowered to automate social listening and to effectively use social media to connect with customers.

The Frost & Sullivan Thailand Excellence Awards recognizes those that push the boundaries of excellence — rise above the competition and demonstrate outstanding performance in the Thailand market.

About Genesys
Genesys is the world’s leading provider of customer service and contact center software and services — with a 100% focus on customer experience and mission to save the world from bad customer service. With more than 2,000 customers in 80 countries, Genesys is uniquely positioned to help companies bring their people, insights and customer channels together to drive today’s new customer conversation. Genesys software directs more than 100 million interactions daily from contact center to back office, helping companies deliver fast, simple service and personalized cross-channel customer experience. Genesys software also optimizes processes and the performance of customer-facing employees across the enterprise.

Join the Conversation

Pinchian Oong
PR for Genesys, Porter Novelli

Source: Genesys

Written by asiafreshnews

June 4, 2013 at 10:50 am

GMC Software’s New Customer Service Correspondence Allows Insurers to Resolve Cases 64 Percent Quicker

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APPENZELL, Switzerland /PRNewswire/ — GMC Software Technology (GMC), the award-winning leader in Customer Communications Management (CCM) and output management, today announced the general availability of its latest interactive solution for customer service center correspondence. Customer Service Correspondence is a groundbreaking new application that provides the insurance industry with a common infrastructure for managing and instantly editing all types of customer service correspondence.
Based on GMC Inspire, the solution is designed as a fully automated single platform correspondence solution. Customer Service Correspondence makes it possible for insurance customer service representatives, agents and front line call center staff to maintain consistent branding, respond quickly to customer issues and ensure compliance.
Customer Service Correspondence is ideal for insurance enterprises that want to provide customer-facing employees with the flexibility and autonomy they need to quickly view which situations need immediate action. They can then generate on the fly, personalized, point-of-need communications and deliver them through customers’ preferred channels, while ensuring accuracy and costs are controlled. Companies benefit by eliminating manual processes and multi-step solutions. The result is employees that are more productive, significantly reduced costs, less strain on IT resources and happier customers due to the ability to resolve case correspondence 64 percent more quickly than standard processes.
“Most insurers today are under pressure to improve the customer experience. Having the right customer communication management tools to support customers, from quotations to renewals to claims and policies, is not a luxury, it’s essential in today’s competitive market,” said Henri Dura, CEO, GMC Software Technology. “We are very pleased that leading insurers across the world have learned to rely on GMC to help them deliver controlled, compliant multichannel communications that ensure every touchpoint results in a positive return. Customer Service Correspondence answers the need to deliver timely, relevant communications to customers, when they want it and how they want it to drive business growth.”
GMC Software Technology AG: delivers solutions in the field of Customer Communications Management. The company’s platform, GMC Inspire, enables enterprises to deliver relevant communications at the right time, through the preferred channel for every customer to help businesses increase customer engagement across multiple touchpoints, driving customer loyalty, acquisition and operational efficiency.
GMC Software Technology serves thousands of clients worldwide across the banking, insurance, retail, business services, telco/utilities and healthcare industries. Having received numerous awards in the field of CCM, it is recognized as an industry leader for innovation. Visit:
The GMC logo and GMC Inspire are trademarks of GMC Software Technology
Corporate, APAC
GMC Software Technology
Sterling Kilgore
Chameleon PR
Source: GMC Software Technology AG

Written by asiafreshnews

June 4, 2013 at 10:27 am

Posted in Uncategorized

Big Data & Analytics Innovation Arrives in Singapore

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IE. — Innovation Enterprise will bring together the most forward-thinking data science and analytics executives for two days of keynote presentations, interactive workshops and networking opportunities at the Big Data & Analytics Innovation Summit, June 13 & 14 in Singapore.
HONG KONG /PRNewswire/ — With the vast amount of data now available, Big Data is a top priority for the world’s leading organizations. The Big Data & Analytics Innovation Summit this June 13 & 14 is the ideal platform to share challenges and best practices with those pioneering big data & analytics initiatives. This summit, acclaimed for its interactive format will include keynote presentations from Credit Suisse, Unilever, Johnson & Johnson, Citibank, Barclays & many more.
The summit will explore the importance of identifying patterns in data to gain insight and better understand consumer behavior. Rahul Ubgade, Director of IT at Unilever is just one of the keynote speakers set to share their insight working in the complex Big Data environment. With over 20 years experience in the consumer goods industry, attendees are sure to benefit from his knowledge and insight.
In his presentations entitled ‘Big Data, Small Actions, Big Impact’ Rahul will discuss how at Unilever, Big Data is generated through internal transactions and external sources. The ability to use this data effectively creates a big impact in terms of the company’s incremental growth. Unilever’s Big Data journey is based on 7 founding elements. However, this journey has not been easy, with a large number of challenges arising, related to how to reach a large assortment of products to the ever growing number of retail stores. As Unilever strive for data-driven strategies, Rahul will share how they plan to turn this challenge into a new business opportunity by harnessing the potential of Big Data and Analytics technologies.
Understanding and implementing data technology is crucial for organizations like Unilever to achieve a competitive advantage. Investing in big data and predictive analytics has become a top priority for modern businesses and this summit provides the perfect opportunity to network with the top minds from Fortune 500 organizations.
“This summit is unique because it provides a channel to hear directly from industry leaders,” said Jing Jia, International Events Director for IE. — Innovation Enterprise. “Speakers will explore examples of the problems that are being faced every day and the innovations in place to overcome these.”
For more information please visit or contact Ryan Yuan at
About IE.:
IE. — Innovation Enterprise is an independent business-to-business multi-channel media brand focused on the information needs of Senior Finance, Operations, Planning, Strategy, Decision Support & Advanced Analytics executives.
Products include IE.Summits, IE.Finance, IE.Analytics, IE.Operations, IE.Strategy, IE.Membership and IE.Insights.
Whether it’s delivered online, or in person, everything IE produces reflects the company’s unshakeable belief in the power of information to spur innovation.
Linyan Duan
Phone Number: +852-8124-1228
Source: IE. — Innovation Enterprise

Written by asiafreshnews

June 4, 2013 at 9:53 am

Posted in Uncategorized