Amsterdam-based telecoms provider United Group acquired earlier this week 100 percent of the share capital in both Bulgarian operators Net1 and ComNet Sofia, as it expands its foothold in the country. The deal – which was settled at an undisclosed sum – will be carried out as an add-on acquisition by Vivacom, United’s Bulgarian operator, […]
Telecom
Norwegian telecom operator Telenor is facing increased pressure on multiple fronts in Myanmar, as it stands toe-to-toe with the country’s junta over its employees’ safety, while confronted with a draconian cybersecurity bill. Following its military coup on February 1, the junta has repeatedly forced Internet services providers to shut down or restrict access to the […]
The World Bank confirmed last week that its planning to invest $200 million into Ethiopia’s digital economy as the country takes its first steps to liberate its telecoms market but warned of special treatment being given to state-owned Ethio Telecom. In a blog post, Ousmane Dione, the Bank’s country director for Eritrea, Ethiopia, South Sudan, […]
British telecoms regulator Ofcom has fined O2 UK £10.5m late last week for overcharging its customers over an eight-year span, as the regulatory authority identified issues within its billing processes dating back to 2011. According to the watchdog, its rules require telecoms companies to provide customers with accurate bills and charges. In 2019, Ofcom opened […]
Telecoms has become the lubricant that keeps societal communication wheels turning forward, especially so with the rising demand of individual and businesses for increased connectivity during the COVID-19 global pandemic. Categorized as an essential industry, the telecoms industry beefed up its capabilities during worldwide lockdowns to accommodate all of humanity to remain connected. With that […]
Founder and CEO of Chinese tech-titan Huawei, Ren Zhengfei, has called on the newly elected Biden administration to lessen the severity of the restrictions made on Chinese firms by his predecessor Donald Trump. While addressing a local media roundtable, Ren admitted that it is rather unlikely that U.S. President Joe Biden would overturn or drastically […]
Chinese tech company ZTE and China Telecom completed on Tuesday the industry’s first NodeEngine pilot, taking place on one of Yanghzhou’s commercial networks. According to a joint statement, “Based on its existing network 5G & NodeEngine traffic offloading service,” ZTE – which is partially state-owned – has assisted China Telecom in rapidly deploying smart industrial […]
South African telecom-giant MTN Group announced on Tuesday that it will sell its 20 percent shareholding stake in Belgacom International Carrier Services (BICS) to Belgian state-controlled telecoms firm Proximus for $121.41 million. However, the timing of closing is dependent on customary regulatory approvals. Once all the saleconditions,legal precedent, has been fulfilled, MTN will receive proceeds […]
Finnish telecom equipment maker Nokia warned on Thursday of multiple challenges throughout 2021, as the company attempts to close the gap with its rivals, despite a strong finish in 2020. While Huawei’s fall from grace in several fifth-generation markets has translated into good news for Nokia and its rival Ericsson, the Swedish company has made […]
Africell announced on Wednesday that it will expand its operations in Angola by the end of the year to become the country’s fourth operator after receiving its telecommunications license. With that, Africell will stand alongside three other operators Movicel, Unitel, and state-owned Angola Telecom, as it expands into its 5th territorial market. The telco will […]