Indian telecom operator Vodafone Idea (Vi), a subsidiary of Aditya Birla Group (ABG), is not looking to file for voluntary bankruptcy despite its financial struggles, ABG senior executives told ET Telecom. Vi’s financial criticality was revealed on June 7 when Kumar Mangalam Birla, chairman of the telco, wrote to the government offering to hand over the group’s stake in Vi to any public sector or local financial entity who could save the company. In his letter, Birla asserted that without immediate government support, […]
Telecom
South Africa’s MTN have expressed their unlikeliness to resubmit a bid to enter Ethiopia’s telecoms market, Bloomberg reported citing sources familiar with the matter. The company’s possible move, came after Ethiopia announced earlier this week plans to re-open bidding on second operator license including the right to operate mobile financial services. This comes as a surprise to many, as […]
There is no evidence to support defense allegations the U.S. acted in bad faith or omitted evidence in an attempt to mislead an extradition hearing for a top executive at Chinese communications giant Huawei Technologies, a Canadian government lawyer said Thursday. The argument came in a hearing for Meng Wanzhou, who is Huawei’s chief financial […]
Serbia-based telecom company, Telekom Srbija, announced on Thursday the launching of its new subsidiary in North Macedonia called Mtel, to provide mobile services in the area by the end of 2021. The future subsidiary will offer satellite TV services that will be launched within a month; along with mobile telephony and optical internet services that will be provided by the end of 2021, according to Serbian media reports. The state-owned company revealed that it aims to expand […]
Thailand-based mobile operator Jasmine Telecom Systems (JTS) announced last week its Bitcoin mining plans to become the largest miner in Southeast Asia by 2024. The Thai telco, which is a subsidiary of telecom operator Jasmine International (JAS), aims to install 500 bitcoin mining machines at its Jastel Data Center during the third quarter of this year. This step is considered rare, especially that several telcos are primarily interested in blockchain, yet few are concerned about cryptocurrency. “Now is […]
London-based telecom provider BT partnered on Thursday with Microsoft to enhance enterprise voice calling, security, and industry-focused services in various sectors. The new agreement will allow BT to switch its global managed voice services to the cloud and deliver them directly through Microsoft Teams. Microsoft’s Operator Connect plan, that supports telecom operators adding their calling plans to Microsoft Teams, will help the British partner to create new business models and revenue streams. According to Microsoft’s blog post this deal “paves the way for the development […]
Chinese mobile service revenues are expected to grow at a compounded annual growth rate CAGR of 3.1 percent from $131.3 billion in 2021 to $152.7 billion in 2026, according to a study published on Thursday. London-based data analytics company, GlobalData published a study showing that the mobile data revenues will witness a rise in its CAGR reaching 6.8 percent due to the growing adoption of 5G services, followed by the rise […]
Indian telco Reliance Jio added 3.55 million wireless subscribers during the month of May, acquiring the highest rank in the telecom industry for four consecutive months. Despite the overall wireless subscriber base drop throughout that month by 6.27 million, Jio outperformed its fellow Indian telcos Bharti Airtel and Vodafone Idea. Both providers lost 4.61 million and 4.28 million subscribers, respectively. As per data shared by the Telecom Regulatory Authority of India Trai, Jio’s wireless subscriber base increased by […]
Libya’s government-owned telecom Hatif Libya signed on Monday an agreement to improve its fiber optic network with an U.S.-based supplier of open optical networking solutions called Infinera. This project will provide access to internet and mobile services in Libyan areas that were not covered previously by the network and improve the quality and reliability of services for all customers. Infinera will install Automatically Switched Optical Network (ASON) technology, that will enable the Libyan company to dynamically […]
Morocco’s largest telecoms operator, Maroc telecoms reported a 5.8 percent decline in its revenues of $317 million for the initial half of 2021. Due to lower mobile usage, the Moroccan telecom provider experienced a 3 percent plunge in its revenues during the first two quarters of the current year. However, it wasn’t all doom and […]