Spanish telco Telefonica agreed on Wednesday to sell its tower portfolio in both the European and Latin American markets to American Tower for €7.7 billion (or $9.4 billion). Telefonica will offload almost 30,722 existing communications sites pertaining to its telecom infrastructure subsidiary, Telxius Towers across Brazil, Chile, Peru, Argentina, Germany, and Spain. American Tower is […]
Telecoms
Indian telecoms giant Tata Communications has acquired a majority equity stake of 58.1 percent in Oasis Smart SIM Europe SAS (Oasis), a France-headquartered embedded-SIM (eSIM) technology provider, according to a joint statement by both companies. Oasis develops and provides advanced technologies and personalized services to enable the deployment of eSIM and SIM technologies. With this […]
Hamrave Aval, operator of the Mobile Company of Iran (MCI), has announced that it will begin its 5G rollout efforts by the 20th of March 2021, as the country began commissioning fifth generation networks in March of 2020. While details and size of the project remain unknown, the director general of MCI suggested that the […]
Thailand’s state-owned telecommunications operator TOT has finally completed a long-awaited merger with CAT Telecom, which aims to become one of the top three mobile service provider in the country by the end of the year. Under the merger, the company has rebranded itself as National Telecom (NT) and will look to capitalize on overlapping administrative […]
French telecom giant Orange has acquired homegrown digital banking service provider Anytime for an undisclosed sum, in a bid to tap into the independent professionals and small business market. Anytime – which currently has a customer base of 100,000 – will part of the telecom company’s three-year-old Orange Bank division which will open it up […]
Telecom Egypt has struck a deal with Google to provide it with a first-of-its-kind layer three meshed solution on its redundant and resilient Egypt-crossing network infrastructure. In parallel, Google will also be given capacity on Telecom Egypt’s Mediterranean submarine cable, TE North. According to the operator, which is the country’s first integrated telecom operator and […]
Saudi Arabian operator Zain has turned to Finnish Nokia to broaden its 5G partnership by deploying 60,000 units of the vendor’s FastMile 5G Gateway wireless broadband hub with eSIMs, across the Kingdom over the next 12 months. The technology will deliver stronger signal, better connectivity, and ultra-high data speeds to every corner of homes and […]
Telecoms giant Vodafone has officially become Oman’s third operator following a royal decree granting it a first-class license to establish and operate public telecommunications services in the Sultanate. Vodafone, which owns and operates networks in 22 countries and has partner networks in 48 further countries, will stand toe-to-toe with the local Oman Telecommunication Company (Omantel) […]
While people, companies, and governments around the world leaned on connectivity to keep the lights on, many expected that the global telecoms industry would be riding high and mighty during one of the hardest years humanity has ever faced. Contrary to that, the reality of the situation is much bleaker than many could imagine. Telcos […]
The New York Stock Exchange has withdrawn plans to remove shares of three Chinese state-owned phone carriers under an order by President Donald Trump that Beijing warned might lead to retaliation. The exchange cited “further consultation” with regulators but its announcement late Monday gave no other details. The NYSE said Thursday it would remove China […]