wordpress blog stats
Connect with us

Hi, what are you looking for?

Northgate Shuts Down Beijing, San Francisco Offices Of VoIP & IPTV Subsidiary

Hyderabad based Northgate Technologies Ltd is in significant cost-cutting mode: the company, which also owns the social networking site Bharatstudent.com and Online Advertising network Axill, has now announced the shutting down of two of the offices of its IPTV and VoIP subsidiary Globe7 - Beijing (China) and its subsidiaries sales and marketing office situated at San Francisco (USA). This announcement comes barely a fortnight after Northgate announced the shutting down of its Singapore branch, and wrote off fixed assets worth Rs 20.8 million.  We've been tracking Northgate for a while now, and from what we've gathered - their business largely been dependent on their Advertising vertical - Axill. The diversification into allied businesses like Social Networking and IPTV has been a means of creating inventory for Axill. For example, Globe7 recently partnered with SingTel in Singapore to deliver free content - live TV channels, news updates, movies, games and radio content to SingTel’s Wireless@SG users.  It looks like Northgate's expansion plans are on now hold, expenses being curtailed. The challenge for the company is perhaps reflected in a 21.64% quarter on quarter decline in revenue, 44% decline in net profit and 95.05% increase in Selling and Marketing expenses. That said - aren't everybody's plans of world domination on hold? A Northgate Timeline: 13 Feb 2009: Globe 7 Shuts Down Beijing, San Francisco Offices 9 Feb 2009: Disclosure of shares pledged by the Promoters(PDF) 30 Jan 2009: Financial Results 30 Jan 2009: Resignation of Director 23 Dec 2008: Award for Ziddu.com Related: -- Northgate Shuts…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ