A1 Telekom Austria Group announced the purchase of a new 5G spectrum worth $16.59 million for its Croatian subsidiary A1 Croatia, after winning a public auction on Thursday. Earlier last week, Croatia’s telecommunications regulator approved the bids placed by local mobile operators, Hrvatski Telekom (HT), A1, and Telemach in a public auction for allocation of national frequency licenses for 5G mobile networks. A1, Hrvatski Telekom, and Telemach were awarded national licenses in […]
Hala Turk
Hala is a journalist and an editor with experience in the news industry. She enjoys writing motivational stories aiming to inspire people to overachieve.
Indian telecom operator Vodafone Idea (Vi) announced on Saturday a 4.7 percent dip in revenues QoQ, attributing its weak performance to the COVID-19 pandemic, as the operator edges ever closer to bankruptcy. The loss in revenue – which amounts to $1.2 billion – is considered as another blow to the company, which is resorting to outside factors as the main reason behind its […]
Indian telecoms provider Bharti Airtel announced on Friday the closure of its spectrum trading agreement with its local rival Reliance Jio to transfer the “Right to Use” of Airtel’s 800 MHz spectrum in three circles to Jio. Airtel had announced earlier in April the trading agreement without disclosing its financial details. However, Indian media reports revealed on Friday that Airtel received $135.5 million net of tax from Jio for the proposed transfer. Additionally, Jio […]
China Mobile announced on Thursday a 6 percent year-on-year (YoY) increase in net profit for the first half of 2021, driven by new 5G users. In its recent report, the state-owned telecom revealed that its net profit for H1 of 2021 hiked to $9.12 billion from $8.61 billion for the same period last year. The telco highlighted that its new 5G users enhanced average revenue per user. As for operating revenues, China Mobile amounted $68.5 billion for the first six months of […]
Facebook announced on Tuesday that it has removed 65 and 243 Facebook and Instagram accounts respectively that were involved in anti-vax disinformation campaigns operating from Russia. The Big Tech company highlighted in its report that accounts originated in Russia targeted audiences primarily in India, Latin America, and to a lesser extent, the U.S. Facebook’s investigation found links between this campaign and Fazze, a subsidiary of a U.K-registered marketing firm AdNow, whose operations were […]
Indian telecom operator Vodafone Idea (Vi) 2G subscribers would be the most affected if the company’s financial state remains unsolved, a source close to the matter told ET Telecom. In this case, Vi’s local rivals Reliance Jio and Bharti Airtel will have to facilitate alternative options for Vi’s 2G customers. Experts highlighted that these solutions include providing low-end 4G smartphones or 4G feature phones to Vodafone Idea’s low-end 2G customers. […]
South Africa’s MTN announced on Thursday that it will not re-bid for an operating license in Ethiopia, and is arranging to exist the Syrian market, CEO Ralph Mupita was quoted as saying during a media briefing on the financial half year results. This official statement follows Ethiopia’s announcement earlier this month to re-open bidding for its second telecoms operator license in August, including the right to operate mobile financial services. However, […]
Russian provider ER Telecom, acquired on Tuesday 100 percent of the united group of companies, Avantel, a telecom operator in the Russian B2B market. ER Telecom failed to reveal the financial details of the agreement, but announced in a statement that the deal will enhance its positions in the segment of services for business and government customers. Additionally, ER will be able to benefit from Avantel’s various markets in Moscow, Novosibirsk, Tomsk, Barnaul, Nizhnevartovsk, Nefteyugansk, Yuzhno-Sakhalinsk, Samara and St. Petersburg. […]
Saudi Arabia-based telecom stc partnered on Tuesday with Swedish giant Ericsson to deploy 5G standalone (SA) for consumers and enterprises on Ericsson Cloud Native Infrastructure. This move follows a two-year partnership between both telcos signed back in 2019, when the Saudi firm deployed 5G network using Ericsson’s commercial hardware and solutions including radio access network (RAN). The new expansion on stc’s 5G Core (5GC) network, will support both 5G standalone (SA), non-standalone (NSA), in addition to 4G. […]
South Korean developer of Player Unknown’s Battlegrounds’ (PUBG), Krafton, initial public offering recorded a 20 percent drop on Tuesday following a crackdown due to a state-led media attack on the gaming industry. This is considered the biggest initial decline of a South Korean IPO after LG Philips LCD collapse in the same market 17 years ago. Krafton’s loss came after it reduced its IPO target by more than 10 percent last month following regulatory demands […]