eNews
Mobile telephone provider Thuraya in expansion mode
MUMBAI: Thuraya Satellite Telecommunications will receive its third satellite, Thuraya 3, from its manufacturer Boeing by early June.
Thuraya offers quality dual-mode terminals that offer satellite and GSM connectivity. This flexibility ensures continuous and cost-effective roaming for users.
Thuraya’s system has been adapted for efficient operation in both satellite and GSM environments. It provides high flexibility in managing network resources through a re-programmable satellite payload. This supports modifications to the system’s coverage area even in the post-launch period and optimises performance over high demand areas.
Thuraya’s satellites have been specially designed to achieve network capacity of about 13,750 telephone channels. Thuraya’s hand held mobile terminals are comparable to GSM handsets in terms of size and appearance, as well as in voice quality.
Thuraya chief executive for business development Jamal Al Jarwan said that the company will put the third satellite in the standby mode ready for launch, considering that the Thuraya 3 will operate in the same orbit of Thuraya 1 over East Asia..
Jarwan said the company was considering many options for financing the cost of launching and commercially operating the third satellite amounting to nearly $300 million (Dhs1.1 billion). Among them, the company was currently zeroing in on two basic options.
In September, Thuraya had launched its satellite services in Morocco. The introduced services in Morocco included the satellite services of Thuraya’s dual mode hand held mobile phone and the rural telephony solutions or the Public Calling Office (PCO).
Thuraya-1 satellite was launched on 21st October 2000; on board a Sea Launch Zenit-3SL rocket from the equator in the middle of the Pacific Ocean. It was the heaviest commercial payload ever launched and the first commercial satellite to employ digital beam forming.
Thuraya’s second satellite Thuraya 2 was launched on 10 June 2003. The earlier mentioned third satellite will expand system capacity.
eNews
Paisabazaar launches Credit Premier League 2.0
Nationwide campaign rewards highest credit scores with Rs 1 lakh top prize.
MUMBAI: When credit scores become a national league, even your CIBIL report starts feeling like it’s playing in the IPL and Paisabazaar has just kicked off the second season. Paisabazaar, India’s leading marketplace for financial products and the country’s largest free credit score platform, has announced the return of the Credit Premier League (CPL) 2.0, a fun, nationwide initiative to recognise and reward individuals with the highest credit scores.
Building on the success of the first edition, CPL 2.0 introduces higher rewards and broader participation. The individual(s) with the highest credit score in the country will win Rs 1 lakh, while state champions will each receive Rs 10,000. Additionally, all participants from the winning state, the one with the highest average credit score will also be rewarded.
All winnings will be credited directly to winners’ PB Wallet, allowing them to pay credit card bills, recharge mobiles, or settle utility bills seamlessly on the Paisabazaar platform.
Paisabazaar CEO Santosh Agarwal said the campaign aims to make credit awareness more engaging and mainstream. “With CPL, we are bringing together engagement, gamification and rewards to make conversations around credit scores more mainstream,” he noted. “Our focus remains on building a financially aware and credit-healthy Bharat.”
The first edition of CPL saw over 5.5 million participants, with the highest individual score touching 861. Delhi recorded the highest average credit score of 746.
Consumers can participate simply by checking their free credit score on the Paisabazaar platform or app. The CPL leaderboard and rankings will be available exclusively on the Paisabazaar App.
In a country where financial dreams are serious business, Paisabazaar has found a smart way to turn credit scores into an exciting game – because when your financial health gets rewarded, everyone wants to play.
