Vodafone KK: All Quiet on the 3G Front
Prepare for some grim reading. There wasn’t a lot of good news on Vodafone’s Eastern Front, for the short term at least, arising out of Vodafone K.K.’s November 18-announced first-half financials. It is eerily quiet in the Little V machine gun nests out here on the 3G frontier. Vodafone K.K. faces gently sliding ARPU, wilting subscriber uptake and a long haul launch for a fully-fledged rollout of cutting-edge 3G keitai. “Japan Telecom Holdings (JTH) stock finished down 15 percent for the day after posting first half earnings,” notes CSFB senior telecoms analyst Mark Berman. “The market is essentially saying that it has completely lost confidence in both the competitiveness of Vodafone in Japan, and believes further that the current … management is more concerned with appeasing parent Vodafone than it is with rewarding minority shareholders,” he writes this week. On the other hand, the basis for a big comeback could be on the cards for next summer. We’ll give an overview of these points below, but before we start blazing away. ** We’d like to sincerely apologize to Vodafone K.K. for our mucking up an item in the Happy Packet discount series in last week’s newsletter. For the record, packet rate slashes DO apply to 3G, and we said they didn’t ** Honto-ni, gomen nasai, Vodafone-Sama! WWJ subscribers log-on and in..
Market leading NTT DoCoMo’s consolidated financial results for the six months ending Sept. 30th were announced last week at this press conference in Tokyo. Operating revenues were up 6.4% while operating income was down 7.8% with earnings per share 3.9% lower when compared to the same period last year. Dr. Kenji Tachikawa, President and CEO stated “During the first six months of fiscal year ending March 31, 2004, the Japanese cellular phone market posted robust growth with the number of net additional subscribers reaching 2.94 million. The enviroment surrounding our business, however, became harsher as the competition among mobile telecom companies intensified..” He also had some interesting comments about their strategy going forward to year end. Full Program Run-time 14:57
The Combined Exhibition of Advanced Technologies (CEATEC) is Asia’s premiere trade show for information technology and electronics sectors, including the fields of imaging, information and communications. This event brings together the complete spectrum of new technologies with a total of 505 companies and organizations, including almost every major Japanese electronics and communications company, 170 exhibitors from 16 counties and regions worldwide, exhibited in 2,460 booths. We visited KDDI to take a closer look at their prototype Sanyo Digital TV phone, talked to the Kyocera folks about the upcoming convergence of GSM and CDMA and interviewed DoCoMo about their IT-House service offering coming soon for 3G FOMA handsets. Full Program Run-time 20:39