Search results for "IT"

Mauritius Telecom introduces 5G services across the country

Mauritius Telecom announced last week the introduction of 5G services to its offering on the island, a step which follows the provider’s receival of 5G license for mobile telephony earlier last month.  The telco was among two other companies, Cellplus Ltd and Emtel Ltd, that had applied in February to a public consultation regarding the opening of frequency bands for 5G.  By April, the three operators were invited to submit their applications for the spectrum.   In […]

Why the telecom business needs scriptless testing with AI

Telecoms companies are under ever-increasing pressure to release quickly. One of the biggest obstacles, however, is testing. How does testing keep up with the demand for secure, bug-free software, especially with the proliferation of devices? Automated continuous testing has addressed some of the challenges, but also created new ones. Now, recent innovations in scriptless technology […]

Major Thai telecom operator steps into bitcoin mining

Thailand-based mobile operator Jasmine Telecom Systems (JTS) announced last week its Bitcoin mining plans to become the largest miner in Southeast Asia by 2024.   The Thai telco, which is a subsidiary of telecom operator Jasmine International (JAS), aims to install 500 bitcoin mining machines at its Jastel Data Center during the third quarter of this year.  This step is considered rare, especially that several telcos are primarily interested in blockchain, yet few are concerned about cryptocurrency.  “Now is […]

Robinhood's IPO thwarts as it ponders offering U.S. IRA

Popular investing company Robinhood Markets began trading on Thursday its initial public offering at $38 a share, followed by a 10 percent drop, and closing at $34.90.  This came following an announcement on Saturday its plans to launch U.S. retirement accounts as an endeavor to raise its bidding. The investing platform had aimed to raise […]

Facebook profits top $10B as its CEO exalts the 'metaverse'

Concerns about a revenue growth slowdown pushed Facebook’s shares lower in after-hours trading Wednesday, not long after the company reported that its second-quarter profits doubled thanks to a massive increase in advertising revenue. But CEO Mark Zuckerberg set his sights far beyond the second half of 2021, exalting what he sees as the next phase […]

PS5 sales reaches 10 million units, as Sony reaches milestone

Almost nine months after its launch, and the PlayStation 5 has become Sony’s fastest-selling console in the company’s history.  The PS5 has officially surpassed its PS4 predecessor, as more than 10 million PS5 have already been sold. Back in April, Sony revealed that the PS5 sold 7.8 million units, which means it racked up more than 2 million in sales since then.  Even though the Japanese multinational entertainment business is grappling with […]

Facebook profits soar but its success might be short-lived

Facebook’s success is rapidly taking flight; however, it’s about to face serious challenges on multiple fronts.   The company’s revenue grew 56 percent year-on-year (YoY) in the second quarter, amounting to $29 billion, according to a statement published on Wednesday.  Facebook’s savvy marketing strategy and technological advancement managed to double its quarterly profit to almost $10.4 billion, $8.7 billion more than what analysts estimated.  If this isn’t impressive enough, then take […]

Hatif Libya inked a fiber optic network with U.S. firm

Libya’s government-owned telecom Hatif Libya signed on Monday an agreement to improve its fiber optic network with an U.S.-based supplier of open optical networking solutions called Infinera.  This project will provide access to internet and mobile services in Libyan areas that were not covered previously by the network and improve the quality and reliability of services for all customers.   Infinera will install Automatically Switched Optical Network (ASON) technology, that will enable the Libyan company to dynamically […]

Maroc Telecom takes 5.8% plunge in first half profit

Morocco’s largest telecoms operator, Maroc telecoms reported a 5.8 percent decline in its revenues of $317 million for the initial half of 2021. Due to lower mobile usage, the Moroccan telecom provider experienced a 3 percent plunge in its revenues during the first two quarters of the current year. However, it wasn’t all doom and […]

Google’s 2021 Q2 soars as antitrust grip tightens

Google’s parent company Alphabet Inc, recorded on Tuesday a rising profit in second quarter revenue, despite heated antitrust regulations and prosecutions, the search giant marked its highest mark so far of quarterly revenue. Amidst the latest antitrust cold war between Big Tech companies and Washington in the last quarter, Google and Alphabet Inc. tallied in […]