Saudi Telecoms Company (STC) raised on Wednesday $966 million from its Initial Public Offering (IPO) following completion of the institutional subscription of its subsidiary Arabian Internet and Communications Services Co. Last week, the Kingdom’s state-owned telco set a price for its IPO at the highest rank of an analytical price range for Solutions by STC, […]
Telecoms
India’s Department of Telecommunications (DoT) disclosed on Tuesday the administration of a set of directives aimed to simplify Know Your Customer (KYC) processes for the sector’s latest mobile connections and prepaid to postpaid transfers to supplement telecom upgrades. Following the Cabinet’s issuance of its latest relief package directed at the telecom sector, the DoT, Minister […]
In a bid to heighten Orange Money’s offering, Orange Middle East and Africa (MEA) joins forces with Swedish telecom vendor Ericsson to deploy mobile financial service solutions over phases spread across 14 countries in the region by mining into Ericsson Wallet Platform. Under the deal’s terms, Orange will tap into Ericsson’s Wallet Platform to enhance […]
Digital transformation has accelerated in recent times, as millions of organizations have had to support remote operations, now joined by the need to develop hybrid working models. Unified communications (UC) is a vital part of digital transformation’s foundations and is the glue that brings together all the various elements into one interconnected environment. In today’s […]
Qatar’s Ooredoo and Hong Kong’s CK Hutchison announced on Thursday a $6 billion merger deal that will look to combine Indosat Ooredoo and Hutchison 3 Indonesia (H3I) under a unified telecoms entity labelled “Ooredoo Hutchison Asia.” Both companies highlighted that the deal would set the stage to accelerate fierce competition in the telecoms and internet […]
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 […]
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 […]