Dubai-based telco du announced Tuesday that is has raised a long-term debt finance of almost one billion dollars from a consortium of banks, as it looks to heavily grow and expand within the 5G market. According to operator, the debt will be split a $539 million five-year revolving credit facility and a $484 million seven-year […]
Telecom
Finnish telecoms equipment vendor Nokia reported on Thursday a better-than-expected Q1 financial report, with revenue and profit bolstered by a growth in 5G equipment sales. According to the earnings report, quarterly revenues spiked at three percent to 5.08 billion euros ($6.16 billion), beating a consensus figure of 4.72 billion. “We expect our typical quarterly earnings […]
Ethiopia’s state-owned provider, Ethio Telecom, announced on Wednesday the rollout of its mobile money service TeleBirr, which will be made available to subscribers starting May 2021. The announcement comes just two days after two telcos – South Africa’s MTN and a consortium from Vodafone – made bids to enter the Ethiopian telecoms market, which is […]
Embattled Chinese tech giant Huawei said Wednesday first-quarter revenue fell after it sold its lower-priced Honor smartphone brand, but profitability improved. Sales declined 16.5% from a year earlier to 152.2 billion yuan ($23.5 billion) due in part to lower revenue for its consumer unit, the company said. It gave no earnings but said its profit […]
Ethiopia’s Finance Ministry announced on Monday that two bids have been made for two new telecoms operating licenses, as the country looks to liberalize its telecoms industry and economy. The two license bidders include South Africa’s MTN Group and a consortium of Kenya’s Safaricom, Vodafone, Vodacom, CDC Group (a UK development finance institution) and Japanese […]
Chinese tech titan Huawei is reportedly looking to launch two satellites alongside two Chinese partners during July 2021 meant for verifying 6G network technologies, as the company aims to take the lead in its global R&D efforts, The Global Times reported late last week. According to the report – which cites independent digital blogger Chang’an […]
Luxembourg-based telco Millicom International Cellular announced on Monday that it has signed agreements for the sale of its operations in Tanzania and for its stake in the AirtelTigo joint venture in Ghana. Once closed, the transactions will complete Millicom’s multi-year plan to divest its African operations and focus on its Latin America markets, the company […]
The president of Toshiba Corp. stepped down Wednesday, a week after the the Japanese technology and manufacturing giant said it was studying an acquisition proposal from a global fund where he previously worked. Nobuaki Kurumatani tendered his resignation at a board meeting, and the board accepted, effective Wednesday, Tokyo-based Toshiba said in a statement. Kurumatani […]
The U.S. Federal Communications Commission is offering a speed test app to the public for measuring their broadband speed. The app provides a way for consumers to test the performance of their mobile and in-home broadband networks. In addition to showing network performance test results to the user, the app provides the test results to […]
Head of Virgin Media Lutz Schuler will head a merger between both VM and O2 UK, making it the UK’s largest mobile network operator, as it seeks regulatory approval by the Competition and Markets Authority (CMA) for the $42.67 billion tie-up, both companies said on Wednesday. Schuler’s appointment, who joined Virgin Media in 2018 as […]