Global investment firm KKR acquired on Tuesday a majority stake in Telefónica’s Chile fiber optic network to establish the country’s first open access wholesale fiber optics company. Under the deal, KKR’s newly established independent Chilean company with utilize and manage local assets and serve as the country’s first wholesale digital infrastructure network, open to all […]
Telecom
Telecom services and enterprise networks market are expected to recover in 2021 with a nominal growth rate of 1-1.5 percent, according to a report from Beroe Inc., a provider of market intelligence for procurement and suppliers. Based largely on the pandemic – among other reasons – the global telecom market size contracted from $44.1 billion […]
China’s ZTE Corporation has released its Intelligent Orchestration Radio Network solution, which employs an innovative AI-based intelligent orchestration engine to enable MNOs to achieve maximum value from 5G networks, the company announced Tuesday. “ZTE has introduced intelligent orchestration capabilities into wireless networks for the first time. From the perspective of all frequency bands and radio […]
Malaysia announced late last week that it’s going to accelerate development and deployment of fifth generation networks, Prime Minister Muhiyddin Yassin unveiled during his digital economy blueprint. The announcement reverses the government’s previous stance of postponing the launch to better focus on 4G technology. According to media reports, the blueprint will include 15 billion ringgits […]
South African telecom giant MTN Group announced late last week that it will pledge to achieve net zero emissions by 2040, as it plans to lead by example combatting climate change on the African Continent. With global warming on the rise and impacting countries, communities, and people everywhere, MTN has set science-based targets to achieve […]
U.S.-based Ocean Networks (ONI) – which develops submarine network cable systems for governments – announced on Thursday the launch of Caribbean Express (CX) Project, an 18-fiber pair submarine cable system linking West Palm Beach Florida to Panama reaching all the way to Mexico and Colombia. According to the company, the CX system will use space […]
The year 2020 will go down in history as a defining one in the age of global telecommunications. In the beginning, a sudden data explosion occurred. The COVID-19 pandemic shook businesses, brands, and individuals to their core, but telcos around the world put their heads down and worked on meeting and preserving the rising demand […]
Singapore’s largest telco, Singtel, has been the subject of a cyberattack earlier last week after hackers breached the company via its use of legacy third-party file-sharing system by Accellion that compromised user data. The attack – which occurred on January 20 – was part of a wider global breach of File Transfer Appliance (FTA) file […]
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, […]
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 […]