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 […]
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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 […]
Walmart is officially joining the cryptocurrency bandwagon. The popular American retailer posted on the company’s job listing a new position for a senior director to develop digital currency products, with the potential of including cryptocurrency payments. If you’re still warming up to the idea of cryptocurrency disrupting our traditional means of finance, then you might be moving on a slower pace as an increasing number of Fortune 500 companies are beginning to work with the digital currencies. Walmart’s move […]
The U.S. government has opened a formal investigation into Tesla’s Autopilot partially automated driving system after a series of collisions with parked emergency vehicles. The investigation covers 765,000 vehicles, almost everything that Tesla has sold in the U.S. since the start of the 2014 model year. Of the crashes identified by the National Highway Traffic […]
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 […]
U.S. Senate introduced on Wednesday its latest bill directed at tech powerhouses Google and Apple to restrain their app stores’ influence on the market. The “Open App Market Act,” initiated and sponsored by senators Richard Blumenthal, Amy Klobuchar, and Marsha Blackburn would play a restrictive role in some of the largest app marketplaces, which according […]
Samsung leader Lee Jae-yong walked out of prison Friday a year early in a parole decision demonstrating the conglomerate’s outsized influence in South Korea as well as continuing leniency for bosses who commit corporate corruption. Wearing a gray suit and a mask, Lee stepped out of the gates at the prison near Seoul and bowed […]
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, […]