Crown Castle, focusing on a restructuring plan, intends to trim its workforce by 15% in response to telecom firms reducing investment. Alongside staff reduction, it will cease tower installation services while continuing to offer site development. Despite lowered earnings predictions, the second quarter of 2021 showed strong revenue growth, highlighting the company’s resilience in a challenging market.
This week, reports indicate that Verizon is considering selling up to 6,000 telecom towers across the US. This potential $3 billion sale aligns with a broader industry trend where telecom giants divest tower portfolios. For VoIP providers, this could mean enhanced infrastructure for better service delivery.
Virgin Media O2 and Crown Commercial Service have inked a new Memorandum of Understanding aimed at enhancing technological and telecommunications solutions to bolster digitalisation efforts within the UK Government and the wider public sector. CCS, a government body responsible for aiding public sector procurement, has been pivotal in organizing the purchase of common goods and services across various organizations.
Elliott Investment Management criticizes Crown Castle’s underperformance, pushing for an overhaul, including a new leadership team and board. Boldyn Networks activates a ‘small cell’ near King’s Cross, partnering with EE to boost coverage and speed in London. AWS expands Amazon Bedrock with new generative AI features, including leading models, customization options, and safeguards. Windstream’s Kinetic is launching a $32.5 million fiber project in Georgia, partnering with an electric cooperative, aiming to connect 17,000 homes and businesses in Colquitt County.
Distinguished selections, momentous awards, and unprecedented telecom innovations marked the recent proceedings. Notably, Telia Company’s Global IoT Connectivity solution won the B2B Service of the Year, while PT Telekomunikasi Selular took laurels in the Digital Transformation Programme category.
At the European Conference on Optical Communication, Huawei’s cutting-edge FTTR solution solidified its standing as the industry leader by winning the Most Innovative PON/5G/FTTx Product Award. Catering to a wide range of users—from homes to small businesses—Huawei’s solution offers superior bandwidth, minimal latency, uninterrupted Wi-Fi connectivity, and self-management capabilities, making it a favorite among global broadband users and operators. Moreover, it’s built on a point-to-multipoint all-optical networking architecture, providing ultra-gigabit Wi-Fi networks. Remarkably, the FTTR rollout is efficient and aesthetically pleasing, using a unique self-adhesive transparent optical fiber with fast deployment times.
Google Chrome’s desktop version is set for a Material You design update. Apple hints at traditional smart glasses development through a recent patent, complementing their Vision Pro headset. Verizon introduces a versatile Mobile Onsite Network-as-a-Service for enterprises, offering private networks, edge compute, SD-Wan, and satellite connectivity. Meanwhile, Google unveils its Pixel 8 series and teases the Pixel Watch 2 ahead of an October 4th launch event.
New Zealand’s government collaborates with leading telcos Spark, 2degrees, and One to allocate 3.5-GHz spectrum for 5G services, improving mobile coverage nationwide. With funds supporting rural connectivity, both parties anticipate better service quality and seamless network access for users.
Three UK experiences 5% revenue increase in Q1, but CEO Robert Finnegan calls for market structural change to boost returns. High 5G rollout costs challenge the industry, while a potential merger with Vodafone looms on the horizon.
Spanish telecom operator MasMovil agrees $3.3 billion private equity bid KKR, Cinven and Providence have made their Public Acquisition Offer for Spanish telecoms operator MasMovil. The three venture capital funds have proposed to pay EUR 22.5 per share of the telco, which is valued at almost EUR 3 billion. According to the statement, KKR, Cinven and Providence will pay a 20 percent premium on the current MasMovil share price. Meinrad Spenger, MasMovil Chief Executive, said that they have signed an agreement with the bidders on a deal which would be “beneficial for the shareholders and other stakeholders in the company.” Furthermore, the bidders noted that they would maintain continuity in MasMovil’s strategy, staff and executive team. Read more at https://tinyurl.com/y754vsc9 Google Cloud signs major UK government deal The technology giant Google Cloud has signed a Memorandum of Understanding (MoU) with the Crown Commercial Service (CCS) to make its cloud solutions…
