Shares in Telecom Italia (TIM) rose more than 9% on Monday after the phone group said it would start formal talks with KKR to assess more closely the U.S. fund’s potential 10.8 billion euro ($11.8 billion) offer. At the end of a long board meeting on Sunday, TIM also said it would explore a possible […]
Telecoms
One of the consequences of Russia’s assault on Ukraine is placing even more pressure on an already-strained global computer chip supply. As such, the military assault pushed Ukraine’s two leading neon suppliers, Ingas and Cryoin, to suspend operations, which will lead to a considerable disorder in global economic outcomes. Neon is crucial to semiconductor chip […]
Ooredoo Kuwait appointed data analytics specialists LigaData on Wednesday to support data-driven digital transformation projects. The organizations announced their partnership at the globally renowned telecommunications conference – Mobile World Congress in Barcelona. Ooredoo Kuwait, formerly known as Wataniya Telecom, provides mobile, broadband internet, and corporate managed services and is part of the Ooredoo Group, which […]
On Tuesday, the enterprise IT branch of major South African telecom Vodacom, Vodacom Business, launched a new online portal to support and advise small and medium-sized enterprises (SMEs) in South Africa. Nearly a third of South Africa’s SMEs find digitization a challenge, with many uncertain about prioritizing or feeling overwhelmed by the volume V-Hub is […]
COAI and GSMA signed a Memorandum of Understanding (MoU) on Friday to improve mobile telecommunications in India. They announced their unification once again to work and collaborate on areas of mutual interest. As such, COAI is the industry association representing leading Internet, Telecom, and Technology and digital services companies in India. GSMA is a global […]
Chip company Broadcom Inc on Thursday forecast second-quarter revenue above Wall Street estimates on the back of strong demand from enterprise and cloud clients, and the ramp-up in 5G technology. “Enterprise spending is on fire … and we are seeing a big part of that,” Broadcom’s chief executive, Hock Tan, told analysts on a conference […]
Chinese social media giant Tencent Holdings Ltd will reduce transaction fees for small and medium-sized merchants using its WeChat payments system by 10%, the company said in a statement on Thursday. The reductions will apply beginning Sept. 1, 2021, and extend up to Sept. 30, 2024, the company added. In order to qualify for the […]
Sweden’s Ericsson on Wednesday said the U.S. Justice Department accused it of breaking terms of a 2019 deal with prosecutors by failing to properly disclose misconduct and compliance failures in Iraq. Ericsson, which has been at the center of a scandal over possible payments to Islamic State, said U.S. authorities determined it failed to make […]
Indian conglomerate Reliance Industries said on Thursday it would invest 16.7 billion rupees ($220.70 million) to create a joint venture (JV) with U.S.-listed Sanmina Corp for making electronic products in the Asian country. The JV aims to make hardware for 5G communications, cloud infrastructure, healthcare systems, clean technology, and defense and aerospace, Reliance said in […]
Norway’s Telenor is planning to transfer $100 million held by its troubled Myanmar operations to the unit’s new buyers – an amount roughly equivalent to how much it will be paid over five years, three people with knowledge of the deal’s terms said. The previously undisclosed detail of the controversial sale underscores the urgency of […]