News Roundup

A quick roundup of the news in Telecoms | Week #34

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Lumen asset sale to Brightspeed has been approved

The FCC has authorized Brightspeed’s acquisition of Lumen Technologies’ incumbent local exchange carrier (ILEC) operations in 20 states. The transaction with Apollo-managed funds is scheduled to occur early in the fourth quarter, subject to other standard closing conditions. The business intends to extend its fiber optics network, bringing fast, dependable internet and Wi-Fi to communities across the 20-state area it is purchasing.

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UCaaS market to grow 15.3% from 2022 to 2031

The global Unified Communication-as-a-Service (UCaaS) market was estimated to be worth US$ 44.88 billion in 2021. During the projection period, from 2022 to 2031, the worldwide market is expected to grow at a CAGR of 15.3%. The proliferation of low-cost smartphones, expanding internet coverage, and greater use of digital platforms that enable remote work are all going to benefit the worldwide UCaaS industry. Because the pricing model utilized by providers matches end-user demands within the present IT infrastructure and overall lowers cost of ownership, UCaaS solutions are the preferred option for many businesses globally.

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Twilio hackers compromised over 130 businesses

During their hacking binge earlier this month, the hackers that broke into Twilio also hacked over 130 businesses and stole the login information for about 10,000 employees. Employees were deceived into providing corporate login and two-factor codes after receiving SMS phishing messages. The hacker collective known as “0ktapus,” according to Group-IB, used this assault as part of a larger offensive. The group primarily targets businesses that utilize Okta as a single sign-on provider.

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CometChat and Daily form a strategic partnership

A strategic relationship between CometChat and Daily, a WebRTC video and audio API for big scale use cases including telemedicine, live events, and more, has been announced. Users of both Daily and CometChat will be able to quickly create a world-class communications experience with full in-app chat and calling. Customers who host very large events, broadcast to hundreds of viewers, need a specialized video solution, or have already incorporated Daily into their stack would benefit from the relationship the most.

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