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Tag: rails

  • SK Holdings to invest $31 mn in U.S. fashion brand Rails

    SK Holdings to invest $31 mn in U.S. fashion brand Rails

    South Korean firm SK Holdings is planning to invest KRW35 billion (US$31 million) into the contemporary fashion brand Rails.

    The investment, which will be channeled through its American investment subsidiary Plutus Capital, will finance its acquisition of 3160 shares in the Los Angeles brand. Rails is known for its high-quality blouses and is considered one of the country’s fastest growing fashion labels.

    SK Holdings has recently broadened its portfolio to shift focus to its investment strategy. It has invested into a range of industry sectors, including a $60 million shareholding in two North American clothing brands last year. Half of the firm’s $1.5 trillion spending last year was invested offshore. It has also invested heavily in ride-sharing platforms both in Southeast Asia and the US.

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  • SmarTone deploying 4G at two new HK rail lines

    SmarTone deploying 4G at two new HK rail lines

    Hong Kong mobile operator SmarTone is extending its 4G coverage to two new MTR rail network extensions.

    The operator announced it has provided full turnkey multi-operator integrated radio systems to the new Kwun Tong Line Extension, covering the Whampoa and Ho Man Tin stations, under contract from MTR Corporation (MTRC).

    By the end of the year SmarTone also plans to extend 4G coverage on all South Island Line (East) stations.

    The mobile systems will incorporate the latest LTE-Advanced technologies including tri-band carrier aggregation.

    “With the extension of our 4G coverage, SmarTone customers enjoy an outstanding mobile experience on the new MTR Kwun Tong Line Extension. We have also been working closely with MTRC to upgrade and expand the capacity of the existing MTR urban lines, which include the high-traffic stations on the Island Line, Kwun Tong Line and Tsuen Wan Line,” SmarTone CEO Stephen Chau said.

    “SmarTone will continue to invest in spectrum and LTE-Advanced Pro / pre-5G technologies within the next few years to provide a superior customer experience and to evolve SmarTone’s network into an advanced, dynamic and cloud-based network architecture.”

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