ANALYSIS: is an MBO the best way for Wincanton to offer shareholder value?

first_img Following a class act is always hard, and for Adrian Coleman, chief executive of Wincanton, that is especially so after the stellar performance of previous chief Eric Born.On the face of it, Mr Coleman doesn’t have an easy task, given that the logistics and haulage firm’s stock price grew by 412% since its record low of 34p in July 2012 – a performance that is attributed to Mr Born.How about international expansion? Thanks, but no thanks – it has clearly been ruled out since Mr Born led its retrenchment to the UK and Ireland markets.Rather, financial engineering could be the most obvious value-accretive outcome, and the obvious answer to the requirement to increase shareholder value is the possibility of a management buyout (MBO) led by a financial sponsor.MBOAny incremental rise in its stock value could be backed by a capital allocation strategy that favours financial discipline over short-term value.Wincanton is a relatively small bite, its net leverage stands below 1x and its shares are rather cheap at 11x forward earnings. Moreover, its restructuring is done and dusted – all these are the perfect ingredients for a take-private deal.Of particular mention, its net debt position has plunged from £160m in 2011 to only £57.6m in fiscal 2015, which testifies to the possibility of capital arbitrage – more debt, less equity on its balance sheet – and could certainly encourage private equity (PE) firms to entertain the idea of a buyout with the involvement of key Wincanton executives.In the heydays of the credit crunch, net leverage of up to 5x/6x would have been conceivable for such a business, but any deal now would require some serious thought with regard to the resulting capital structure of the target.A 30% premium on its current market price of 196p would imply a take-out price of £310m. That is a level of about 250p a share, which the group managed to reach shortly before Mr Born began its turnaround. At that point, the pressure to retain clients was immense as the group was in the red, but Mr Born was determined to get things right and pulled out of mainland Europe, with the mid-2011 sale of its German and Dutch operations.A different beastWincanton has shrunk and changed a lot, becoming a different beast in fewer than five years.“Defence is a sector currently under pressure so we can help them drive efficiencies.” Mr Born told The Financial Times in November 2012, less than two years after his appointment as chief executive. His strategy made a lot of sense: the A&D sector was in distress and promised higher margins than those of Wincanton’s core operations.Now, the group would fit with PE, which has deepening ties to the sector, with Carlyle spearheading the pack across the Atlantic. Assuming our proposed structured (50:50 debt/equity), an equity cheque in the region of £150m would be small change for TPG, one of the biggest players in the PE world, as well as for CVC Capital and Apax Partners, which recently acquired Quality Distribution for $800m, paying a stunning 63% equity premium.In January, Wincanton was awarded a new contract by BAE Systems “to provide full logistics and warehousing services in support of its UK shipbuilding operations”. Supply chain management has increasingly become an advisory job these days, which lowers the boundaries between financial sponsors and corporate clients. Hence, execution and integration risks diminish under a buyout scenario.Any PE-led deal might have to carry a conservative capital structure if the resulting group aims to withstand the vagaries of the global economy, yet assuming a financing evenly split between equity and debt, the resulting net leverage would be just above 3x on a pro-forma basis.Then, assuming a blended rate at 5% on the debt portion, Wincanton will likely remain in the black in year one and will be able to service higher interest payments. A debt structure including a grace period could facilitate the deal.This scenario is enticing, but comes with caveats.Wincanton is exposed to the retail and construction sectors, among others. Although construction has complementary peaks to retail, as the group points out, those trends have become less easy to predict as several food retailers are in dire straits, while the construction sector is on a roll that may not last forever.Of course, Wincanton could try and make it through challenging market conditions on its own – but then, what would be the best way to deliver value?Investors have been keen to buy into its stock in recent years, based on expectations of rising dividend payments. When it reported its full-year results, the group said that “no dividend” was recommend for the year, “however the board will assess on an ongoing basis when it judges it to be in the company’s interests to recommence a dividend payment to shareholders”.Dividend payments should be preferred to buybacks when it comes to long-term value, but then the only alternative that springs to mind is – dare I say it? – to approach its rival Stobart and see how its management team feels about combining their assets.Mr Born, who joined Swissport International as chief executive and president in early August – at the same time as Mr Coleman took the helm of Wincanton – would have likely considered such an option at this critical economic juncture. As a finance man, that’s not an option easy for Mr Coleman to rule out either.On an associated issue, SEO analytics firm Hedging Beta has produced this comparison of the website metrics of Wincanton and Stobart. See how two of the UK’s largest logistics and haulage providers compare in terms of their web presence. By Alessandro Pasetti 21/09/2015last_img read more

News / US government shutdown hits 24 days and starts to impact air cargo

first_img© Susan Sheldon The US government shutdown, now in its 24th day and the longest closure to date, has started to impact aviation.Air traffic controllers, via the National Air Traffic Controllers Association (NATCA), have filed suit against the government, claiming its members are being unlawfully denied wages.Meanwhile, in an act of solidarity, Canadian air traffic controllers have sent their US counterparts hundreds of pizzas.Miami Airport has closed a concourse for three days, owing to a lack of TSA staff. Many of whom have not been paid and airports have said that some TSA employees are not turning up for work in a bid to save childcare and commuting costs. Terminal B at Houston’s international airport has also been temporarily closed. By Alex Lennane 14/01/2019center_img But it is not just passengers being inconvenienced. Cargo Facts reports passenger-to-freighter conversions have been delayed, as the FAA is unable to issue supplemental type certificates (STC). It notes that Pemco was expecting to receive its STC for its 737-700 conversion programme, but cannot get the final paperwork.There are also delays to aircraft registry documents and other certification paperwork, with the backlog likely to cause delays for some time.Delta, meanwhile, is expected to delay the entry of its A220s into service, due at the end of this month, although it said it was working with the FAA to ensure the documentation was ready on time.However, approval of emergency exemption for cargo charter flights has continued, according to documents filed with the US Department of Transportation.Volga-Dnepr last week received approval for two one-way AN-124 flights, on behalf of the Federal Emergency Management Agency (FEMA), from Bangor, Maine, to Saipan. Volga-Dnepr told The Loadstar it did not want to comment on the government shutdown, while Antonov, another key charter carrier, did not respond to requests for comment.Some 800,000 federal workers have failed to receive at least one pay cheque, if not two and the shutdown has already cost the US economy some $3.6bn.last_img read more

More and more ruthless…International community intervention needed

first_img AvatarKim Yong Hun More and more ruthless…International community intervention needed RELATED ARTICLESMORE FROM AUTHOR News There are signs that North Korea is running into serious difficulties with its corn harvest News North Korea tries to accelerate building of walls and fences along border with China Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak center_img News By Kim Yong Hun – 2007.03.19 9:58pm News [imText1]A report has been published which depicts the systematized methods in how North Korean officials torture defectors. The Citizens’ Alliance for North Korean Human Rights (representative, Benjamin Yoon) conducted an in-depth investigation with 20 defectors (9 male, 11 female) over a period of 7 months on differing torture methods by North Korea’s national bureau, such as the National Security Agency and the People’s Protection Agency. The report, titled “North Korea: Republic of Torture” was published on the 13th.This report claimed that North Korean authorities enforced standardized torture such as beatings, assault and confinement in order to get the prisoners to confess and raised the concern that these tortures were only worsening. Furthermore, rations are not distributed in the prisons and so prisoners inevitably meet their death tortured in a malnourished state.If a prisoner dies during torture, investigations on the cause of death are not made and officials create a fallacy that the prisoner committed suicide because of guilt, claimed the report. The report stated “Even if a person dies of torture and the deceased body is returned to the family, the cause of death is stated ‘It is reasonable that death was received as the penalty for a person who committed a crime and was unable to wash away from his/her sins’” and revealed that “A tag then identifies the family as a family with a criminal.”Additionally, the report highlighted the fact that prisoners were experiencing extreme torture. Particularly, without even the bare minimum of food, detainees are sent to the “basement” where their arms and legs are twisted behind their backs. The person is then positioned to hang in mid-air for long hours; this known as the notorious “pigeon torture.” “Since the late 90’s, the succession of defectors rose dramatically and in order to combat this, North Korean authorities began campaigning control and severe punishment” said the report and explained, “These claims have been based on a long-term investigation made by the National Saftey Agency in Musan in 1999 on custodial facilities.”The report continued, “Since 2000, women have been subject to inhumane exploitation on a daily basis… Female detainees are stripped of their clothing and made to sit then stand repeatedly in their naked state.” Making the woman repeatedly sit and stand naked, comes from the idea of shaking the money collected in China to fall from one’s body and is a form of basic torture taking a trend to other regions.In particular, “North Korea’s National Safety Agency and China’s Public Security united in a secret pact in 1998~1999 to repatriate defectors back to North Korea” the report claimed and asserted, “China is also participating in human rights violations against North Korean citizens.”The Citizens’ Alliance for North Korean Human Rights is urging for the Korean government and international community to intervene and end the repatriation of North Korean defectors in China. The Citizens’ Alliance for North Korean Human Rights will also issue the report in English, and at the end of this month present it to Vitit Muntarbhorn, the U.N.’s special rapporteur on human rights in the North Korea, hoping to raise the chance of discussing the issue of torture.The 20 participants of the investigation have come from a range of provinces such as Onsung, Hoiryeong, Musan, Kyunsung, Chongjin, Hamju in South Hamkyung, Shinuiju in North Pyongan and Pyongyang. The participants had all experienced different types of torture during the period 1993~2005 in 8 different types of environments including gulags, education centers, concentration camps, labor camps and street kids camps. Facebook Twitter SHARElast_img read more

Honda owner says company withheld stolen car’s location over subscription fee

first_img Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Created with Raphaël 2.1.2Created with Raphaël 2.1.2 2020 Honda Accord Touring 2.0T See More Videos Thieves stealing Toyota, Lexus vehicles using key fob ‘relay’ technique, police warn Ablhd alleges the Honda rep on the other end of the phone said the company’s tracking tech was showing him exactly where the car was during the call, but he could not disclose the location to Ablhd or the police officer, who had jumped on the call as well via speakerphone, because Ablhd was not subscribed to HondaLink, the company’s emergency response system.The investigating officer asked to speak with the rep’s manager, who said the police would need to present a warrant if they wanted to know the location of the vehicle.RELATED We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. advertisement ‹ Previous Next › These were the most stolen vehicles in Canada last yearAblhd said he had not been informed of the optional service when he purchased his Accord, and that he would have bought it if he’d known of it. Ablhd immediately signed up for the $148 subscription, and a few minutes later called the rep back, but they then said it was too late — Honda was no longer getting a signal from the car.“This customer did not have an active HondaLink subscription, which is required to locate the vehicle,” clarified John Bordignon, a Honda Canada brand spokesperson. “Without an active subscription, the police would have to present a warrant to activate the location services on the vehicle and no such warrant was provided.”Contrary to what Ablhd and the officer were told on the phone, however, Bordignon says “At no time was Honda or its HondaLink provider aware of the location of this vehicle.” PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Trending in Canada A (former) Honda owner in the Toronto area is expressing frustration with the automaker after it allegedly told him it knew where his stolen vehicle was but couldn’t let him know since he hadn’t paid for the company’s optional tracking service.Layth Ablhd of Vaughan, Ontario has his 2019 Accord swiped from his driveway in the middle of the night, according to a Global News report.According to a neighbour’s security camera, it was taken around 5 a.m. Ablhd phoned the police, who contacted Honda Canada to see if the vehicle could be tracked. The representative said it could — but not for free. Honda Canada said it would reimburse Ablhd for the cost of the HondaLink service. The Rolls-Royce Boat Tail may be the most expensive new car ever Trending Videos RELATED TAGSHondaSedanNon-LuxuryNew VehiclesNon-Luxury COMMENTSSHARE YOUR THOUGHTSlast_img read more

Researchers partner with Native Alaskan, Yukon communities to study climate impacts on rivers, fish

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail By Trent Knoss • Published: Sept. 17, 2019 Chinook salmon released into Yukon River in Alaska, USA. Photo: USGSResearchers at CU Boulder’s Institute of Arctic and Alpine Research (INSTAAR) have been awarded $3 million in funding from the National Science Foundation (NSF) to study the changing climate and rivers of Alaska and western Canada.Arctic temperatures are warming faster than nearly anywhere on Earth. It is not known how the rapid warming will impact river conditions, ice cover and fish, but the topic carries tremendous significance for native communities impacted by the changes. The researchers will work closely with native communities to examine the possible impacts of climate change on rivers, fisheries and water availability. The five-year project funded through the NSF’s “Navigating the New Arctic” program will result in improved monitoring and computer modeling of present and future river conditions in northern regions. “Rivers and ice are crucial to the livelihood, transportation and subsistence of these communities,” said Keith Musselman, a research associate at INSTAAR and the principal investigator on the project. “This interdisciplinary effort will help us learn from those who are being directly impacted by Arctic environmental changes.”The Yukon River, the fourth-largest in the world, is a central lifeline within the region. Historically, sturdy river ice has been a primary winter transportation corridor, allowing native residents to move supplies and reach traditional hunting grounds even without passable overland roads.But the river ice has become less reliable in recent years, Musselman says. Early mid-winter breakups have become more frequent due to warming temperatures, severing communities from access to food and fuel.“It’s become apparent just how dependent some areas are on stable river ice and how isolated they can become without it,” he said.Climate change is having other effects, too: In August 2019, Alaska-based scientists reported that heat stress killed several Alaskan salmon species in record numbers with some stream temperatures reaching record summertime highs.The connection to local communities is key. Scientists at CU Boulder, the U.S. Geological Survey (USGS), the National Center for Atmospheric Research (NCAR), and Northern Arizona University (NAU) will collaborate with the Yukon River Inter-Tribal Watershed Council, a non-profit organization of 74 First Nations and Tribes that monitors the Yukon River watershed. In the first year, a Native Advisory Council consisting of elders will provide input into research directions to ensure the production of useable outcomes and actionable information.While the project will primarily examine climate-related vulnerabilities, there is also much to be learned from successful adaptations that communities have already made, Musselman says. “It’s relatively rare for a research project to start with firsthand observations from communities,” said Musselman. “So rather than telling, we’re asking: How do these changes affect you? What would be useful to know? How have you adapted in response? And then we use that info to guide the project and develop ideas together.”The study will build upon a scientific and educational partnership between CU Boulder and the USGS through CU’s Center for Water, Earth Science and Technology (CWEST). Researchers and scientists from CU and NCAR will conduct computer simulations of weather, streamflow, river ice and water temperature for historical and potential future climate conditions over Alaska and western Canada. The data will then be used to create high-resolution models that can assess potential risks to Arctic river fish species.In the project’s third year, a two-day Arctic Rivers Summit will be held in Anchorage, Alaska to bring together scientists, Native Community members and resource managers to discuss the findings and publish a study on the results.“We’re excited to build out open lines of communication with those affected by climate change,” said Musselman. “We want to be asking the right questions and addressing concerns that have real impact within communities.”The project is a joint effort with researchers and support from CU Boulder’s Institute of Arctic and Alpine Research; the U.S. Geological Survey; the Institute for Tribal Environmental Professionals at Northern Arizona University; the University of Saskatchewan; and the University of Waterloo. NCAR will receive $0.8 million of the NSF funding. Categories:EnvironmentNews Headlineslast_img read more

See the Full Program of Enoforum Web Conference 2021

first_imgFacebook TAGSEnoforum Web Conference Twitter Home Industry News Releases See the Full Program of Enoforum Web Conference 2021Industry News ReleasesWine BusinessSee the Full Program of Enoforum Web Conference 2021By Press Release – February 17, 2021 128 0 Linkedin Pinterest Previous articleAffinity Creative’s Sweet Design for Oliver WineryNext articleRegistration Open for WAVEx Webinar on New Wine Grape Pest Press Release Email ReddIt Share AdvertisementThe conference will be held online from 23 to 25 February from 4 to 7 p.m. (CET)The complete program of the Enoforum Web Conference 2021 is now published on the EWC website. 42 researchers from 8 countries will compete for Enoforum Award to the research best voted by attendees. The winner and the finalists will then be invited to the later events taking place in person, in order to present their research work in more detail.In addition to the ENOFORUM Prize of € 10,000 for the winning work, thanks to sponsorships, further prizes have been established:Oenoppia finances the award for the best classified among research on enological productsSIMEI-UIV finances the award for the best classified among research on technologies showcased at SIMEIASSOENOLOGI finances the award for the best classified among Italian researchWe are proud to communicate that as of today more than 3300 wine industry stakeholders from 60 countries worldwide are registered for the Enoforum Web Conference, and many more are expected.Don’t miss this milestone of the global wine industry. Register now!Congress Website: https://www.enoforum.eu/en/enoforum-web-conference-2021/Program: https://www.enoforum.eu/en/program-enoforum-web-conference/Register Here: https://zoom.us/webinar/register/2016107054357/WN_JBwRnC7PSg209OGs_6lV5wAdvertisement last_img read more

Charles Town Maroons’ International Convention

first_imgRelatedCharles Town Maroons’ International Convention RelatedCharles Town Maroons’ International Convention Advertisements By ASTON G. BAILEY, JIS Reporter FacebookTwitterWhatsAppEmail PORT ANTONIO — The Charles Town Maroon Council in Portland will be hosting the 3rd Annual International Maroon Convention, at the Asafu Yard in Charles Town on Thursday, June 23 to Saturday, June 25. The event will seek to draw international attention to the unique history, cultural heritage and practices of Maroons in Jamaica. The theme of the convention will be, “The return of values of the past, as a way to sustain the future”. Speaking to the Jamaica Information Service (JIS), Charles Town Maroons Colonel, Frank Lumsden, said the convention was meticulously planned to highlight the most interesting aspects of maroon history and culture, adding that the first two days will consist of discussions and presentations by scholars. The third day will be dubbed celebration day, in honour of Captain Quao, the Maroon leader who signed the peace treaty with the British, on behalf of the Windward Maroons. He said that the commencement date for the convention, June 23, will be the 272nd anniversary of the signing of the treaty in 1739, to secure their freedom from slavery, their independence and the right to their own lands, as well as the preservation of their ancient customs and their special status in the Caribbean. Among the major entertainment features will be cultural performances, drumming, dancing and the blowing of the abeng. Colonel Lumsden said likely attendees include representatives from Canada, Suriname and Brazil, as well as from local Maroon settlements -Moore Town, Scotts Hall, Accompong and Maroon Town. A special presentation on the history of the Maroons in Canada will be made by Poet Laureate, Shauntay Grant, a Jamaican-Canadian of Maroon descendant currently residing in Halifax, Nova Scotia. RelatedCharles Town Maroons’ International Convention Charles Town Maroons’ International Convention CultureJune 16, 2011last_img read more

Santa Monica Review’s Spring 2018 Issue Launched with Local Author Readings

first_imgISSUE LAUNCH PARTY: SMR PRESENTS…Sunday, April 8 | 5 p.m. | $10The Edye at SMC Performing Arts CenterJoin SMR at an intimate Santa Monica performance space to enjoy literary readings by four Santa Monica Review contributors—Halina Duraj (The Family Cannon), Alisa Slaughter (Bad Habitats), Charles Hood (Partially Excited States), and Victoria Patterson (The Little Brother)—with book signing and refreshments. The welcome will be by journalist and KPFK Radio’s “Rising Up” host Sonali Kolhatkar. Free parking on premises. Please visit Brownpapertickets.com for ticket details.SMR AT BEYOND BAROQUESunday, April 15 | 4:30 p.m. | $10Venice’s landmark community literary arts center welcomes editor Andrew Tonkovich and readers Grace Singh Smith, Alex R. Jones, and Andrew Nicholls. The Beyond Baroque Literary Arts Center is located at 681 Venice Boulevard. Tickets will be for sale at the door.SMR AT LOS ANGELES TIMES FESTIVAL OF BOOKSSaturday, April 21 & Sunday, April 22 | FreeSMR will attend the celebrated weekend annual books festival held at the University of Southern California, and free copies of the latest issue will be distributed. Visit with friends, contributors, and other fans at the SMC/Santa Monica Review tent.SMR AT RUSKINRuskin Group Theatre Company3000 Airport Ave, Santa Monica, CA 90405Sunday, May 6, 5 p.m. | $10Susan Hayden, the host of Library Girl—a popular local reading series—welcomes SMR editor Andrew Tonkovich and SMR readers Garrett Saleen, Grace Singh Smith and David Preizler. Tickets will be available on the Ruskin Group Theatre Company’s website: www.ruskingrouptheatre.com the week of April 9 (Select “Library Girl”).Published twice yearly, Santa Monica Review showcases the work of established authors alongside emerging writers, with a focus on West Coast short stories and essays. Founded by critically-acclaimed novelist and SMC English instructor Jim Krusoe (The Sleep Garden, Parsifal), the Review has presented readers experimental, thoughtful, and funny original writing—including essays and short stories by Gary Soto, Michelle Latiolais, David Ulin, Barry Gifford, Dylan Landis and Michelle Latiolais—in nearly 30 years of publication, and is considered a leading U.S. literary journal. Recent work from the magazine appears in the annual Pushcart Prize, Best American Short Stories, and PEN/O. Henry anthologies.The spring 2018 issue, edited by Andrew Tonkovich, features new original fiction from celebrated Southern California authors Victoria Patterson (This Vacant Paradise), Charles Hood (Partially Excited States), and Halina Duraj (The Family Cannon). Returning contributors include J.M. Hollwig, Andrew Nicholls, Ben Jahn, J.P. Vallieres, and Michael Mattes, with memoir from award-winning poet Paul J. Willis and surreal fiction from collage artist Garrett Saleen. Also featured is satire from film director David Preizler, wild revisionist history from Clancy McGilligan and giddily self-aware humor from T.S. McAdams, all first-time contributors. The issue concludes with a startling eco- meditation by Alisa Slaughter (Bad Habitats). Cover art is by Orange County artist Gabriel Zacuto.Santa Monica Review is sold at the SMC Bookstore, Beyond Baroque and Small World Books in Venice, and other local booksellers. The publication is available for $7 per issue or $12 for the two issues each year. Copies may also be ordered by mail and by subscription through Santa Monica Review, Santa Monica College, 1900 Pico Blvd., Santa Monica 90405. For more information, visit the Santa Monica Review at www.smc.edu/sm_review or call (310) 434-3597.Santa Monica Review is a project of Santa Monica College, part of its mission to promote literacy and the arts in the community. Santa Monica College is a California Community College accredited by the Accrediting Commission for Community and Junior Colleges (ACCJC) of the Western Association of Schools and Colleges (WASC).Submitted by Grace Smith, SMC Public Information OfficerTags :briefscity of santa monicadaily pressdowntown santa monicaNewsSanta Monicasanta monica daily pressshare on Facebookshare on Twitteradd a commentNo April Fools edition this yearCaturday at the Santa Monica Public LibraryYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall10 hours agoBriefsLos Angeles Sheriff’s deputy accused of destroying evidence of 2019 assaultAssociated Press14 hours agoBriefsCalifornia State Treasurer Fiona Ma to Speak at Online Santa Monica College Commencement Ceremony June 25Guest Author14 hours agoNewsCouncil picks new City ManagerBrennon Dixson21 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter21 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor21 hours ago HomeBriefsSanta Monica Review’s Spring 2018 Issue Launched with Local Author Readings Apr. 02, 2018 at 5:00 amBriefsNewsSanta Monica Review’s Spring 2018 Issue Launched with Local Author Readingsnews3 years agobriefscity of santa monicadaily pressdowntown santa monicaNewsSanta Monicasanta monica daily press The spring 2018 issue of Santa Monica Review (SMR)—Santa Monica College’s (SMC) esteemed bi-annual literary arts journal—is now available. SMR is the only nationally distributed literary magazine published by a U.S. community college.Readings and other celebratory events scheduled to mark the spring issue’s launch are:last_img read more

DT-powered aviation network ready for take-off

first_imgHome DT-powered aviation network ready for take-off Previous ArticleBroadcom cranks-up pressure with final Qualcomm bidNext ArticleFCC reveals rural broadband gap persists AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 05 FEB 2018 Related Nokia makes AI move with Microsoft Author Deutsche Telekom pledged a new European Aviation Network (EAN) “will change the way connectivity is consumed in the air” after achieving a major milestone alongside partners Inmarsat and Nokia which paves the way for commercial launch later this year.In a press conference hosted by Deutsche Telekom, Rolf Nafziger SVP of international wholesale (pictured middle), said the EAN, which was first revealed in 2015, is now ready for launch after working “relentlessly” with Nokia to complete the ground network element of the infrastructure.EAN is designed to provide Europe-wide connectivity to airline passengers through an infrastructure comprising two distinct components: a dedicated EAN satellite, which launched and has been in operation since September 2017; and an LTE network on the ground. This involved setting up 300 base stations across the 28 member states of the European Union, along with Switzerland and Norway – a deployment which was recently completed by Nokia and Deutsche Telekom.Two antennas will be deployed on aircraft: one at the top for satellite  connectivity and one at the bottom to access the ground network.Nafziger also confirmed International Airlines Group was its first customer and British Airways would be among the first to launch in the first half of this year.Disruptive serviceHe hailed EAN as “a truly disruptive integrated service” and said completion of the ground network means “we are able to provide unprecedented performance of the entire integrated system using the available spectrum as efficiently as never before”.Deutsche Telekom promised “unmatched connectivity for passengers”, offering bandwidth capable of delivering connection speeds of more than 75Mb/s to an aircraft, low latency and network capacity that is scalable to account for an increasing number of flights across the continent, which are projected to rocket.Nafziger added there is an exclusivity on the frequency and capacity, so airlines cannot share connectivity with any other industries or users.Nokia’s VP of vertical network slices at Nokia, Thorsten Robrecht (pictured, left) explained its LTE network on the ground connects to a server in the air and thus provides Wi-Fi access points in the cabin. He also said the three companies were open to working with operators which plan to copy the framework on other continents, while adding EAN was the only network of its kind currently being developed in Europe.Airline industryFor the airline industry, Inmarsat Aviation’s SVP Frederik van Essen (pictured, right) said EAN will be game changing. Deutsche Telekom and Inmarsat research showed Europe’s airspace is the busiest in the world, with 22,500 flights per day and 500 million passengers per year.The companies also found more than half of these passengers would prefer inflight connectivity over a meal, while 69 per cent of those surveyed would be willing to pay for it.Van Essen said a study conducted in collaboration with the London School of Economics also found there was “exploding demand” from people wanting to use broadband internet during trips, and it had the potential to generate $8.2 billion for European airlines by 2035.“That figure is currently around zero… we cannot underestimate the benefits this can bring to Europe,” said van Essen.The Inmarsat executive also addressed an ongoing legal claim from satellite rival ViaSat, which agued Inmarsat abused the conditions of a licence awarded by UK regulator Ofcom in 2009.ViaSat believes Inmarsat should not use the spectrum in question for the EAN, and instead deploy it for a satellite-based mobile network which the licence was originally intended for.Essen said during the press conference there is no merit to ViaSat’s claim and the situation would not delay EAN’s launch. Nokia scores Philippines 5G deal with Ditocenter_img Tags Alianza sobre IA entre Nokia y Microsoft Kavit Majithia 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 Español Deutsche TelekomInmarsatNokialast_img read more

Water works in pipeline for Buncrana & Twin Towns

first_img By News Highland – August 26, 2020 Previous articleDonegal school principals ‘working round the clock’Next articleBusiness Matters Ep 8 – Paddy Harte News Highland DL Debate – 24/05/21 WhatsApp Arranmore progress and potential flagged as population grows Loganair’s new Derry – Liverpool air service takes off from CODA Google+ WhatsApp Pinterest Pinterest Google+ RELATED ARTICLESMORE FROM AUTHORcenter_img Homepage BannerNews Facebook Facebook Twitter Irish Water will shortly submit planning applications to Donegal County Council for upgrades to two separate wastewater treatment schemes in the county.The planning proposals for both Buncrana Sewerage Scheme and Ballybofey-Stranorlar Sewerage Scheme will include upgrades to the sewer network and pumping stations.Irish Water says that these upgrades will address capacity deficiencies and also reduce the risk of sewer flooding and storm overflows.The completed project will also allow for social and economic growth in the surrounding areas, and ensure the treatment of wastewater is fully compliant with current legislation.The planning application for Buncrana which will be submitted shortly, will include provision of storm water storage at the Westbrook Pumping Station and an upgrade to parts of the sewer network to increase its capacity and reduce overflows.Works will take place in the following locations: Cahir O‘Doherty Avenue, Aileach Road, Railway Road, Cockhill Road and Westbrook Pumping Station.Proposed upgrades for the Ballybofey-Stranorlar Sewerage Scheme will include replacement of the existing pumping station at Navenny and flood alleviation measures to protect the site from flooding.The proposed upgrade works will resolve ongoing overflows and flooding from the St Joseph’s Pumping Station. There is also a proposal to upgrade parts of the sewer network to increase its capacity and eliminate overflows.As part of this project works will take place in the following locations: Mill Brae Road, Chapel Lane, Chapel Close, Stranorlar Main Street, Navenny Street, Chestnut Road, St Joseph’s Pumping Station and Navenny Pumping Station. Water works in pipeline for Buncrana & Twin Towns Important message for people attending LUH’s INR clinic News, Sport and Obituaries on Monday May 24th Twitter Nine til Noon Show – Listen back to Monday’s Programmelast_img read more