Previous ArticleVodafone confirms tower spin-off plan, revenue dipsNext ArticleDoJ delay overshadows T-Mobile earnings Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Telkomsel turns on 5G in major cities Kavit Majithia AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 26 JUL 2019 Home UK operators make 5G strides Asia Nokia scores Philippines 5G deal with Dito There were some major developments in the UK’s 5G market, as O2’s MVNO partner Sky announced rollout plans, 3 revealed its pricing for the network and Vodafone launched 5G roaming across Europe.SkySky Mobile revealed it will launch 5G initially in six cities by November, with wider rollout planned in 20 towns and cities before the end of the year. it aims to reach a total of 50 towns and cities by the end of 2020.Sky’s launch details were indeed expected after MVNO partner O2 UK said yesterday (25 July) it was planning to launch the network in October. Sky said it would offer the network with the same benefits as it does with 4G, including its data rollover feature, zero-rated access to its Sky Go content platform and its flexible tariff swap offering.It is currently offering Huawei’s Mate 20 X 5G for £36 per month on its Swap 24 tariff, excluding a data plan. Customers can add 8GB for £10, said the company.Industry analyst Kester Mann said Sky’s 5G’s launch was “worth watching”, due to the combination with content while Paolo Pescatore at PP Foresight added “5G represents a significant opportunity for Sky to steal market share”.London, Edinburgh, Cardiff, Belfast, Leeds and Slough will be the six initial launch cities. 3 UKFollowing an aggressive marketing campaign in the lead up to launch, UK challenger brand 3 UK announced that all new and existing customers will have access to 5G with no speed caps at no extra cost on all contract and SIM only plans.The company, which will launch its mobile 5G network later this year, said it will be the first operator in the country to offer 5G at no extra cost, and it will be available across all existing tariffs.Unlimited 5G on SIM only plans start at £20, with the company offering the Huawei Mate 20 X 5G from today. The Samsung S10 5G and Mi Mix 3 5G will follow.CEO Dave Dyson, CEO of 3, said: “The forthcoming months are going to be game-changing and with our unrestricted plans, we are looking forward to unleashing the full potential of 5G to all.”VodafoneAs well as announcing its Q2 results, Vodafone said 5G roaming was now live in 55 towns and cities across Germany, Italy, Spain and the UK.It said customers won’t need to pay extra to use 5G on its monthly plans, and it has also offered the Samsung Galaxy S10 5G and the Xiaomi Mi Mix 3 on its network.Vodafone UK CEO Nick Jeffery said it had “accelerated the availability of 5G roaming just as schools break up for the summer holidays”. Subscribe to our daily newsletter Back Tags Author Related Mobile Mix: Buzzing for Barcelona 3 UK5GRoamingSky MobileVodafone
By Mike Wackett 18/05/2015 Indeed, a perfect storm is brewing from a bulging cellular orderbook that has 1.9m teu scheduled for delivery this year – which, after scrapping adjustments, is calculated to increase global container fleet capacity by around 10%.At the same time, market growth predictions have been downgraded. Maersk admitted in its first-quarter results last week that it expected growth to be “at the low end of the 3-5% range”.However, Danish Ship Finance says the supply-demand gap could narrow by around 3% if carriers and tonnage operators are able to defer some scheduled deliveries a year, a tactic they have used in the past.Half of the tonnage orderbook is for ultra-large container vessels of 14,000 teu and above, as ocean carriers continue their policy of reducing unit costs by upscaling ships to compensate for stubbornly low freight rates.But these bigger ships need to be sufficiently utilised for the economics to work, and the flaw in the carrier strategy comes when the container alliances are unable to fill their ULCVs.Thus, other than blank a voyage, carriers are forced to buy cargo on spot markets to improve their allocation levels, often at the expense of fellow members of their alliance, thereby perpetuating the vicious cycle of rate erosion.Moreover, the spot market is gaining in influence, with anecdotal reports from China suggesting that shippers are walking away from annual contracts in favour of cheaper deals on offer that have been marked down in line with the substantial spot market falls since the beginning of the year.Danish Ship Finance expects fleet utilisation levels to fall to around 79% in 2015 and 2016, which does not bode well for the voyage calculation aspiration of carriers, but is perhaps a reality that they must start getting used to. According to the latest shipping market review from Danish Ship Finance, “massive oversupply” in the container sector will plague the industry for another two years.After that, things “might improve” – subject to a return of a supply-demand equilibrium – but the road to higher rates is expected to be “long and bumpy”.The report is critical of an industry that “continues to plan for the future as if past patterns still apply”, and argues that the global shift in manufacturing to lower-cost countries that was responsible for past trade expansions – and due to a sequence of events including China’s membership of the WTO in 2001 – is unlikely to be repeated.The manufacturing shift away from advanced economies is “now losing steam” say the authors, noting that the level of global containerisation “seems to have plateaued” and that view significant additional jumps are “unlikely”.
Modine Manufacturing Co., a diversified global leader in thermal management technology and solutions, announced today that Modine’s Board of Directors has launched a search for a new president and CEO. Thomas A. Burke will be stepping down from both his position as president and CEO and as a member of Modine’s Board of Directors, effective immediately. AdvertisementClick Here to Read MoreAdvertisement “I am honored to have served as Modine’s president and CEO,” said Burke. “I would like to thank the entire Modine team. It has been a privilege to work with all of the Modine employees for the past 15 years. I believe we have done tremendous work together, including transforming the business to be a more diversified thermal management solutions provider. Modine has a bright future and I look forward to seeing its continued success.” Lucareli concluded, “I would also like to thank Tom for his mentorship and leadership over the fifteen years I have worked with him at Modine. I strongly believe in the future of Modine and its vision of being a stronger, more diversified thermal management company. I remain committed to this strategy and am honored to lead this effort during the current transition period.” Williams continued, “In 2015, Tom launched our transformational, Strengthen, Diversify and Grow (SDG) strategy. That platform gained Modine a foothold in new, growing markets and resulted in the acquisition of Luvata HTS in 2016. The addition of Luvata’s industrial-based portfolio of products significantly diversified our technological capabilities and customer mix, while making Modine a global leader in coils and coatings. Lastly, Tom has been instrumental in leading Modine through the COVID-19 crisis and has positioned the business to emerge stronger. Tom has made an indelible mark on Modine’s rich history of innovation that spans more than a century and we are grateful for his historical leadership.” Williams added, “As Modine works to complete the divestiture of its legacy Automotive business and further pivots towards its long-term vision to become a true industrial thermal management solutions provider, we have reached a natural inflection point. Now is the right time to find a new leader that can drive our industrial transformation strategy, while accelerating the Company’s future growth. A global search is underway to help us find that leader. The Board has extreme confidence that Mick and our experienced senior leadership team will continue to execute against our strategic vision until that leader is in place.”Advertisement Marsha Williams, lead director of Modine’s Board of Directors added, “On behalf of the entire Board of Directors, I would like to thank Tom for his more than 15 years of service with Modine and his more than 12 years as our President and CEO. Tom accepted the CEO position in the midst of the 2008-2009 financial crisis and acted with a sense of urgency to fortify Modine’s operations and ensure that the company weathered the economic downturn.” Advertisement The board has named Mick Lucareli, the company’s vice president, finance and CFO, as interim president and CEO, effective today. Burke will remain with the company in a senior advisory role until Aug. 28, to ensure a smooth transition.