The Federal Communications Commission (FCC) on Friday added Russia’s AO Kaspersky Lab, China Telecom (Americas) Corp and China Mobile International USA to its list of communications equipment and service providers deemed threats to U.S. national security. The regulator last year designated five Chinese companies including Huawei Technologies Co and ZTE Corp as the first firms […]
Telecoms
Telecom Italia (TIM) faces a 2.6 billion euro ($2.9 billion) request for damages in a case relating to alleged abuse of its dominant position in the broadband market after a complaint by rival Open Fiber, the phone group’s 2021 financial statement shows. As previously disclosed, Open Fiber filed a complaint with a Milan court in […]
Myanmar’s junta has given the final approval for the sale of Norwegian telecommunications company Telenor’s operations in the country to a local company and Lebanese investment firm, three sources with knowledge of the matter told Reuters. According to a letter of approval sent on March 15, seen by two of the people, the transfer of […]
Chinese businesses from automaker BYD to KFC operator Yum China say their operations have already been hit by the country’s latest COVID-19 curbs, with more disruption expected as case numbers rise. The impact on companies comes as China battles its worst outbreak since the start of the coronavirus pandemic in early 2020. It posted a […]
Tencent Holdings Ltd is facing a potential fine, which could be at least hundreds of millions of yuan, for violating some central bank regulations on its WeChat Pay mobile network, the Wall Street Journal reported on Monday, citing people familiar with the matter. Financial regulators recently found that WeChat Pay had broken China’s anti-money-laundering rules […]
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 […]
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 […]