Dutch health technology company Philips on Wednesday said it expected fourth-quarter core profit to drop around 40% to about 650 million euros ($739.25 million), hit by a global shortage of electronic components and the fallout of a massive recall of ventilators. Comparable sales fell 10% on a yearly basis to 4.9 billion euros, Philips said […]
Telecoms
MTN Group opposed a legal challenge raised by Telkom South Africa to prevent the country’s communications regulator from holding a spectrum auction in March. Last week, Telkom reportedly filed an application asking a high court to review an invitation by the Independent Communications Authority of South Africa (ICASA) to participate in the auction, which outlines rules, spectrum […]
Late last week, Romania’s competition authority said it approved the takeover of 50 percent interest in local companies Netcity Telecom and Concesiune Telecom from E-INFRA Holding by French global investor and asset manager Meridiam. Netcity Telecom is responsible for operating Bucharest’s 1,760 km long underground fiber-optic network. Its endeavors include designing, building, and managing the channel network for the entire […]
The gross revenue (GR) of telecom service providers (TSP) declined by 1.36 percent on a year-on-year (YoY) basis to $900 in the July-September 2021 quarter, according to a Trai report released on Monday. TSPs posted gross revenue of $9 million in the same quarter a year ago, according to Trai’s performance indicator report for the […]
The operator Telia Lithuania purchased a two hectare land plot near Vilnius as the site for a new data center. This will be the largest data center in the country, according to its plans, and the company will invest $11 million in its construction. It took over the rights of ownership for the plot at […]
The institute Purple Mountain Laboratories, which is backed by the Chinese government, said that a research team had achieved a 6G-level wireless transmission up to a speed of 206.25 gigabits per second for the first time in a lab environment, South China Morning Post reported. The Chinese lab noted that it has made a breakthrough […]
Chinese telecom giant Huawei said late last week its annual revenue had fallen by nearly a third from the previous year, as it continued to be weighed down by U.S. sanctions that have hit its smartphone sales. Going into more details, the firm’s revenue for this year fell by 29 per cent year on year […]
The telecom industry is facing many obstacles and challenges that are taking many forms including network loads and infrastructure optimization, which lets companies effectively address subscriber complaints to reduce churn, and improve security for telecommunications. The world innovative telecommunication leads the way to innovation in telecommunication industry bringing with it many trending innovations, with the […]
After securing all shareholder and regulatory approvals, Qatar’s telecoms company Ooredoo and Hong Kong’s CK Hutchison Holdings Ltd completed the $6 billion merger of their Indonesian telecom businesses. The outcome of the deal is the new entity, Indosat Ooredoo Hutchison, the country’s second-biggest telecoms company after state-backed Telkomsel. The government has already given the principal merger […]
ZTE Corporation and the Ningxia Branch of China Telecom completed the network construction for the cloud-network synergy project, employing device provisioning in a private industrial network and service deployment in some local networks in Ningxia, China. This network will be one of the two planes for private industrial slicing networks of the Ningxia Branch of […]