Major Ericsson shareholders will vote against a motion to clear some board members of responsibility over possible payment of bribes to militant organisations in Iraq, deepening a crisis at the Swedish group that has knocked a quarter off its market value. Shareholders, including Cevian Capital, Swedbank Robur and Norway’s wealth fund, plan to vote against […]
Telecom
Indian telecom operator Vodafone Idea (Vi) has restored its national backbone network with U.S-based telecom equipment maker Ciena to prepare for the fifth-generation (5G) network rollout. Vi noted that as consumers, enterprises, and content players look to embrace more innovative digital experiences across India, its new 300G/400G backbone network increases scale and performance energy and […]
France based -cloud provider OVHcloud generated revenues of $200 million for the fiscal quarter that ended on 30 November, up 13.9 percent year-on-year on a reported basis. After the growth rate reached 13.5 percent when excluding the impact of the fire incident at OVHcloud’s data center in Strasbourg and adjusting for scope/currency movements, the company said that its performance met expectations […]
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 […]
U.S.-based telecom giants AT&T and Verizon expressed on Sunday their utter rejection of U.S. regulatory demand to postpone their 5G rollout of some wireless services, initially set to be released this week. The telcos’ chief executive officers (CEO), John Stankey and Hans Vestberg sent to U.S. regulators a joint letter igniting tensions between the companies […]
Telecom operator Bharti Airtel and IT major Tata Consultancy Services partnered to build a 5G-based remote working technology using robotics, according to a press release from the digital communications solution provider. While both companies are operating the trials in Airtel’s 5G lab at Manesar, these solutions will allow remote robotic operations in possibly dangerous environments […]
Motorola is working on a new version of its Razr foldable smartphones, according to a Weibo post spotted by Android Authority. The post is from Chen Jin, the general manager of the Lenovo Mobile Business Group in China (Lenovo is currently in charge of Motorola’s smartphone business), and describes how the company has been quietly […]
The European Commission has opened an in-depth investigation into the Czech telecom regulator CTU’s proposal to regulate wholesale access to mobile networks. The Commission questioned the CTU’s claim of joint dominance by the three existing mobile network operators and compatibility of the proposed ex ante regulation. As such, access and call origination are services which […]
After losing appeals for being delisted from the New York Stock Exchange (NYSE), state-owned operator, China Mobile Ltd. revealed intentions of raising $7.64 billion in a Shanghai listing on Tuesday. The move will mark the largest equity fundraisings for 2021 and came due to the NYSE decision to adhere to an investment blacklist presented by […]
U.S.-based telcos Verizon, AT&T, Intrado, and Lumen Technologies, reached a settlement with the Federal Communications Commission (FCC) over probes into a series of failed 911 calls throughout 2020’s network outages. According to the FCC’s compliance settlement documents, the operators will collectively pay a $6 million fine, all while consenting to secure compliance with the Commission’s […]