Ethiopian authorities announced on Tuesday a bidding proposal for partial privatization of state-owned Ethio Telecom, inviting private investors to acquire a 40 percent stake in its lead telecom service provider. The country’s Ministry of Finance led the bidding process by delivering a request for proposal (RFP) for the partial privatization. The move is designed to […]
Telecoms
India’s Union Cabinet approved on Wednesday a profusion of the eagerly anticipated relief package aiming to support the country’s distressed telecom sector by providing the option of converting interest on spectrum dues into government equity. Prime Minister Narendra Modi’s Union Cabinet confirmed nine structural reforms and five process reforms leading to a transformation of India’s […]
Myanmar’s military government is forcing Norwegian provider Telenor to pursue other buyers following blunt corruption allegations against Lebanese-owned investment firm M1 Group, with rumors of suspected relations to Syrian President Bashar Al-Assad. M1 Group is a Lebanese conglomerate that owns, manages, and oversees investments and subsidiaries in various sectors such as telecommunications, real estate, aviation, […]
Just days before the one-year anniversary of the U.S. blacklisting on China’s chip industry, Huawei’s chairman Eric Xu Zhiju announced that the Chinese vendor hopes to launch its 6G network and products in 2030, according to Global Times. It is not a recent declaration that Huawei is actively working on its sixth generation of wireless network, […]
Mobile network operator (MNO) US Cellular will introduce its personal 5G standalone SA core network by the end of 2022 after selecting Finland telecom vendor Nokia as its accomplice to deliver the necessary equipment and services in its future 5G technology. US Cellular’s standalone future stands on the line as Nokia announced last week its […]
Egypt invested $2 billion into its latest program to ambitiously unlock new economic growth by upgrading its metropolitan internet infrastructure to 43 Mbps to reach more than 60 million residents in rural areas. The Minister of Communications Dr. Amr Talaat announced plans to capitalize a $360 million budget on fiber-to-the-home (FTTH) spread across the country. […]
South Korea’s largest telco KT Corp announced on Friday its acquisition of Epsilon for $145 million from Malaysian conglomerate Kuok Group, framing the South Korean operator to be the dominant stakeholder in the Singapore-based communication firm. The acquisition’s terms gave KT’s partnership with Daishin Private Equity a 100 percent stake in Epsilon from Kuok Group. […]
Amsterdam, 6 September 2021 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announced that it has reached agreement to sell its mobile network towers in Russia to Service-Telecom for a totalconsideration of $970million. Service-Telecom is a well-known partner to PJSCVimpelCom, which operates in Russia under the Beeline […]
As Vodafone Idea descends deeper into its doom, India’s leading telco stock plunged on Wednesday over 5 percent in afternoon trading hours on Bombay Stock Exchange after the operator’s proposals to revive the telecom sector had been snubbed during a recent Cabinet meeting. Last month, the telco’s shares witnessed an 18 percent rise, reaching 31 […]
In a labyrinthine deal of swapping, selling, and buying shares, Japanese conglomerate Softbank Group Corp. dropped the curtain on what could be a crowned deal, as it plans to own segments of Deutsche Telecom by selling units of its T-Mobile U.S. Inc. shares to the German telco. Deutsche Telekom (DT) has finally revealed plans to […]