Behind GameStop’s stock surge is the grim reality of its prospects: The video game retailer is floundering even as the industry around it is booming. GameStop has been swept up in a battle between big-moneyed hedge funds betting against it and small investors trying to prop it up. That has caused GameStop’s share price to […]
Inside Telecom Staff
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The Ethiopian Communications Authority (ECA) announced on Tuesday that is has delayed the issuing of two new nationwide operating licenses. ECA made the announcement via Twitter confirming that the decision was taken to delay the process following requests received from would-be bidders during the question-and-answer period of the request for proposals (RFP) process for the […]
Microsoft said on Wednesday it supports Australia’s plans to make the biggest digital platforms pay for news and would help small businesses transfer their advertising to Bing if Google quits the country. Microsoft has been positioning itself to increase market share for its search engine Bing after a Google executive told a Senate hearing last […]
Popular online trading platform Robinhood said Monday that it has lined up $3.4 billion to help meet its funding requirements amid a spike in trading on Wall Street fueled by small investors driving up shares in GameStop and other stocks. The funds are being provided by Ribbit Capital and several other venture capital firms, including […]
British O2 telecoms and Japanese NEC announced on Monday a successful OpenRAN trial conducted on O2’s network with NEC and its ecosystem of partners. According to a joint statement, NEC helped to define a customized OpenRAN architecture, optimized, and adapted to the requirements of the O2 mobile network. NEC coordinated the overall design of the […]
Google is closing the internal studio tasked with developing games for its Stadia cloud-gaming service, a move that raises questions about the future of the Stadia service itself. Google launched Stadia in November 2019 as a new type of video-game platform that operates without a console and that stores game-playing sessions in the cloud. It […]
The Australian prime minister said on Monday that Microsoft was confident that it could fill the void if Google carried out its threat to remove its search engine from Australia. A Google executive told a Senate hearing last month that it would likely make its search engine unavailable in Australia if the government went ahead […]
French telecoms giant Orange announced late last week that it would be ending discussions with Free Mobile with regards to setting up a mobile network sharing agreement, citing a divergence in deployment strategy. “Given a divergence in deployment strategy, Orange has decided to end these discussions. For Orange, the quality of its networks is a […]
Johnson & Johnson (J&J) announced late last week its single-dose COVID-19 vaccine that proved to be 85 percent effective in preventing severe disease across all regions studied, 28 days after vaccination in all adults 18 years and older. The J&J single-dose COVID-19 vaccine – which was developed by its Janssen Pharmaceutical Companies – underwent phase […]
The population of Myanmar awoke Monday to a large-scale stoppage of Internet connections, along with television and radio broadcasts, after a rapid military overthrow of the civilian government. The move came as a result of tensions over a recent national election which the military-backed party lost by a broad margin. In a classic case of […]