Info Tech
AT&T becomes exclusive carrier of Lumia 1520
…Could Shake Up the Apple/Google parternship
NEW YORK – Unlike BlackBerry , Nokia and Microsoft refuse to succumb to the seemingly unstoppable market dominance of Apple and Google’s Android platform.
In fact, the Nokia-Microsoft partnership appears to be thriving. AT&T announced an exclusive carrier deal for the upcoming Lumia 1520. The 1520 is the largest Windows phone yet, with a six-inch display.
For AT&T investors, the Lumia 1520 may result in much greater profits than you may instinctively assume.
A larger display almost assuredly means greater data consumption compared to other phones. Larger displays also attract business and power users. For users with a larger screen, many applications that only made sense on a tablet or laptop will now work great on a phone. Lumia 1520 users probably won’t need to buy a seven-inch Kindle Fire from Amazon .
The Kindle isn’t a profit center for Amazon, reportedly, so I don’t anticipate a profusion of pressure on Amazon even if the Lumia 1520 cuts into sales. However, for Apple and Google, it’s an entirely different story.
A Microsoft-powered Lumia featuring a seven-inch screen not only competes against the iPhone but may create increased margin pressure on the iPad. The same holds true for Android powered “super-sized” phones and phablets like the Galaxy Note series.
Unlike the Galaxy Note, the Lumia 1520 already speaks the language of business because it’s running Windows natively. The combination has the potential to reach critical mass while making room for other Microsoft phones to follow along.
T EPS Basic Quarterly ChartT EPS Basic Quarterly data by YCharts
AT&T is at the epicenter and stands to capture market share in ways unseen since the end of the exclusive iPhone marriage. That’s a bold statement about a phone, especially after my plethora of BlackBerry 10 articles describing why one phone doesn’t matter. The difference is that this is but one of many game-changing phones coming from Nokia.
Regardless if you’re reading this article from your office or from home, if you’re on a desktop it’s probably a Windows or an Apple machine, leaving Google as the odd man out. It’s a short bridge for AT&T wireless reps to sell an existing Windows user a large-screen Windows phone compared to the Galaxy Notes-running Android.
To appease a growing wireless data appetite from phones, phablets, and tablets, AT&T raised $4.85 billion from Crown Castle international . Crown Castle is buying 600 cell phone towers and will receive an exclusive right to lease and operate over 9,000 other towers from AT&T.
The deal between Crown Castle and AT&T makes sense because Crown Castle can increase the monetization of each tower while at the same time lowering AT&T’s cost. Also, AT&T is able to free up a war chest of cash that it can use for buying light spectrum and acquisitions including Europe.
The cash also allows AT&T to continue upgrading its wireless technology, and for shareholders it means cash for stock buybacks. I don’t usually get overly impressed when a company announces the board “approved” a buyback. First of all, they almost always word as “up to X dollars” and rarely reach the limit.
Secondly, buybacks are management’s way of acknowledging they are overpaid and don’t have a legitimate better use of capital. Either way, buybacks rarely make sense. But sometimes they do, and for AT&T I believe a smaller float is healthy for the company.
AT&T buying shares makes a lot of sense considering its whopping and ever-increasing dividend payments, currently paying about 5.2%. Although the expected forward payout rate is over 50%, its stability of income allows for a greater margin of error.
For an extra layer of safety, a yield-seeking investor can buy AT&T for about $35.23 and in turn sell a January $36 strike price call option for about 60 cents. The option expires in 86 days and raises the yield by almost 2% while allowing dividend collection in the meantime. Selling the option also lowers your risk by more than 1%.
I like this strategy because the focus is on managing risk, and the option expires after the next expected dividend payment in January.
Info Tech
ITREALMS E-Waste Dialogue Partners EPRON, EL-AS Tech, WEE-Eco
In efforts at spicing up the 2023 ITREALMS E-Waste Dialogue, the management of ITREALMS Media has partnered with E-waste Producer Responsibility Organization of Nigeria (EPRON) membership organisations for a day-long collection scheme of small electronic waste on Friday, December 15, 2023.
The EPRON members aligning their partnership with 2023 ITREALMS E-Waste Dialogue are EL-AS Tech Enterprises Limited and WEEE Eco-Friendly.
ITREALMS’ day-long collection scheme is part of the commemoration of 2023 international E-Waste Day (IEWD) within the ITREALMS E-Waste Dialogue with the theme “You Can Recycle Anything with a plug, battery or cable” at Welcome Centre Hotels, International Airport Road, Lagos.
Revealing this collaboration, the Group Executive Editor, ITREALMS Media, the organisers of the 2023 ITREALMS E-Waste Dialogue, Sir. Remmy Nweke, urged mobile device enthusiasts to come along with their devices that have reached their end-of-life to the venue for proper disposition by professionals who would also be on grounds to address some topical issues.
The collection of small electronic wastes especially mobile phones and like-devices, would be carried out by EPRON member organisation, EL-AS Tech Enterprises Limited as facilitated by ITREALMS Media group as part of this year’s ITREALMS E-Waste Dialogue on Friday, December 15, he added.
He disclosed that the exercise would commence at Welcome Centre Hotel by 9am till close of work hours the same day.
Nweke pointed out that the collection of small e-waste items would include mobile phones, pointers mouse, earpieces, rechargeable torches, phone chargers, to name a few.
Further, he said, that this initiative has become time-serving because some people may have missed any other opportunity before now for the year-long campaign, hence this awareness on e-Waste has to be continuous, “ITREALMS came up with this scheme.”
Nweke beckoned on Nigerians, especially mobile phone users, to leverage the opportunity in disposing of their mobile devices they no longer use, of course in exchange for a voucher or gift item.
In her reaction to this year’s day-long small waste collection, EPRON Executive Secretary, Mrs. Ibukun Faluyi, described the initiative as commendable, expressing confidence it would intensify the collection of end-of-life devices for proper disposition.
Mrs. Faluyi, also urged Nigerians to take advantage of this day-long collection of small wastes courtesy of ITREALMS Media.
Recalling for instance that in October 2022, EPRON had partnered SLOT alongside some UN agencies for collection of small e-waste items in Lagos, including the United Nations Information Centres (UNIC), United Nations Industrial Development Organization (UNIDO), International Labour Organisation (ILO), Lagos Waste Management Authority (LAWMA) and Lagos State Environmental Protection Agency (LASEPA).
This is even as the Executive Vice Chairman of the Nigerian Communications Commission (NCC) Dr. Aminu Maida and Director-General, National Environmental Standards and Regulations Enforcement Agency (NESREA), Prof. Aliyu Jauro, would both lead speakers at the 2023 ITREALMS E-Waste Dialogue slated for this Friday, December 15, in Lagos.
Info Tech
iPhone 15: Things To Know About Apple’s Newest Model
Today, September 12, the tech corporation Apple will introduce the iPhone 15, their newest iPhone model.
According to a Forbes story, this model, which will be introduced at the company’s “Wanderlust” event in Cupertino, California, will be available in four variations: the iPhone 15, iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max.
Here are five things you should know about the new iPhone 15 model.
1. The new model is made of titaniu, not stainless steel as some other Apple smartphone models, Senior research analyst at DIGITIMES, Luke Lin reports.
2. The Pro Max model will feature double the optical zoom on the iPhone 14 as it comes with a newly-introduced ‘periscope lens upgrade, performing 5-6x optical zoom.’
3. The Pro models will carry an A17 bionic chip expected to make it perform faster.
4. The iPhone 15 model will feature a USB-C charging port, the same port featured on some Android phone models.
5. Due to its titanium shell, the new model is anticipated to be more expensive to purchase. The following is the speculated price list, as reported by Forbes:
The iPhone 15 starts at $799, the iPhone 15 Plus at $899, the iPhone 15 Pro at $1,099 ($100 increase), and the iPhone 15 Pro Max at $1,299 ($200 increase).
Info Tech
FG Partner With Firm, Set To Introduce 500 Autogas-Powered Buses
In an effort to reduce the exorbitant cost of Premium Motor Spirit, better known as petrol, the Infrastructure Bank Plc announced its collaboration with FEMADEC Group on Monday to offer 500 buses powered by autogas (Compressed Natural Gas).
Partners in the agreement claimed that the project was created to provide citizens with dependable, affordable, and environmentally friendly travel options, taking into account the negative effects of the nationwide increase in PMS costs.
Under Decree No. 51 of the Federal Republic of Nigeria’s 1992 Constitution, the Infrastructure Bank, originally known as the Urban Development Bank of Nigeria Plc, was founded in 1992 to promote the quick development of infrastructure throughout the nation.
In a statement issued in Abuja on its partnership with FEMADEC, the bank said, “The preliminary offer extended by TIB lays a solid foundation for the expansion of FEMADEC Group’s CNG bus fleet.
“With plans to introduce 500 CNG buses within the next five years, commencing with an initial batch of 50 buses in the forthcoming year, this proposal stands poised to instigate significant change.
“The acceptance of this proposition by FEMADEC Group, notably championed by Fola Akinnola, the Group Chief Executive Officer, is a testament to their zeal and dedication to this alliance.”
The bank described the partnership as a “pivotal endeavour that is primed to redefine Nigeria’s public transportation landscape, offering dependable, cost-effective, and ecologically conscious travel alternatives for citizens, while harmonising with the nation’s broader sustainability ambitions.”
“This partnership represents a remarkable stride towards a more ecologically aware future for Nigeria’s transportation sector, highlighting the shared commitment of both TIB and FEMADEC Group to sustainable advancement and progress.”
It said FEMADEC Group’s strides in operating Compressed Natural Gas buses, including the existing fleet of 20 CNG buses under LAMATA, underscored their unwavering dedication to ecologically sound solutions, a commitment predating the fuel subsidy removal.
“Their leadership within the CNG value chain is undeniable, and the new alliance with TIB underscores their foresight.
“This partnership seamlessly aligns with TIB’s sustainability objectives, echoing their resolute endorsement of the government’s net-zero and climate change agenda.
“The bank’s aspiration to champion Nigeria’s infrastructure progress is evident in its endorsement of pivotal initiatives like this, yielding expansive positive impacts on both the environment and society,” the bank stated.
The bank added that it would continue to make a significant contribution to the country’s growth as a leading financial institution committed to advancing effective and long-lasting infrastructure projects.