Search results for "us government"

Pakistan, UAE’s Etisalat rectify 14-year-old valuation quarrel

The Pakistani government has decisively reached a settlement with UAE’s Etisalat over what seemed to be a never-ending quarrel following the Emirati operator’s acquisition of a faction of shares in Pakistan Telecommunication Company Limited (PTCL). The achieved settlement focuses on the assessment of multiple properties initially planned to become a segment of PTCL after its […]

China outlaws all cryptocurrency transactions, Bitcoin value yields

The People’s Bank of China doubled down on Friday its crackdown on all cryptocurrency mining and trading activities by instituting its latest regulation prohibiting overseas cryptocurrency exchanges from accommodating to Chinese citizens under threat of criminal penalty, yielding Bitcoin value. China’s perception of decentralized currencies is not a thing of the past. As the first […]

Huawei executive returns as China releases 2 Canadians

An executive of Chinese global communications giant Huawei Technologies returned from Canada Saturday night following a legal settlement that also saw the release of two Canadians held by China, potentially bringing closure to a nearly 3-year-long feud embroiling Ottawa, Beijing and Washington. Meng Wanzhou, Huawei’s chief financial officer and the daughter of the company’s founder, […]

Alibaba sells 5% stake in media asset

In a regulatory maneuver to reel in Alibaba, the Chinese government asked the retail giant to submit some of its recently owned media assets, resulting in the company disposing of its 5 percent stake in its Chinese broadcaster, Mango Excellent Media Co Ltd. In March, following a thorough investigation into the tech giant’s media assets, […]

Beijing pins 12 million 5G subscribers with 45,700 base stations

Beijing Communications Administration released a data report revealing that by end of August, the Chinese capital obtained 45,700 5G network stations with 12 million users, according to local news agency Xinhua.  Beijing fulfilled full 5G network coverage in the city’s key areas, such as the downtown core area, sub-center, and central business district. With every 10,000 […]

Subscription rates reshuffles power among India’s telcos, report finds

India’s telecom sector witnessed a striking fluctuation in its telcos’ subscribers, with Reliance Jio gaining 6.5 million and Airtel adding 1.9 million to its userbase during July, whereas Vodafone Idea’s consumer base went down by over 1.4 million, according to a data report by the Telecom Regulatory Authority of India (TRAI). With the emergence of […]

Texas sued over banning social media censorship

NetChoice and the Computer and Communications Industry Association, two of the world’s largest groups that represent Big Tech firms issued a lawsuit against the state of Texas in an attempt to halt the implementation of HB 20. HB 20, a new bill signed by Texas Republican Governor Greg Abbott earlier this month, is concerned with […]

Activision Blizzard loses Chief Legal Officer as lawsuits compile

Activision Blizzard’s Chief Legal Officer (CLO), Claire Hart, announced her resignation Tuesday on LinkedIn after three years of commitment to the gaming titan. Following a U.S. Securities and Exchange Commission (SEC) subpoena, Blizzard’s CLO departs the company without any clarifications supporting her decision and whether it has a direct association to the company’s latest legal […]

India alters KYC process flow to support telecom sector

India’s Department of Telecommunications (DoT) disclosed on Tuesday the administration of a set of directives aimed to simplify Know Your Customer (KYC) processes for the sector’s latest mobile connections and prepaid to postpaid transfers to supplement telecom upgrades. Following the Cabinet’s issuance of its latest relief package directed at the telecom sector, the DoT, Minister […]