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Reports from Reuters suggest that Saudi Arabia’s STC group is contemplating a significant move in the European telecom market by considering the acquisition of United Group, a prominent player in both telecommunications and pay-TV sectors. Citing three anonymous sources familiar with the discussions, the potential takeover could mark a substantial shift in the industry landscape.

United Group’s series of acquisitions in Bulgarian telecommunications raises intrigue, drawing attention especially from vigilant industry veterans like A1 Group and PPF Group. The tacit consent of the Bulgarian Commission on Protection of Competition allowing Vivacom to absorb Networks-Bulgaria and six other telecom firms, potentially empowers Vivacom with unprecedented control over TV distribution and the ISP market.

LiveOak Fiber, a regional broadband service provider, has secured USD 250 million in financing to expand its fiber network in underserved Southeast U.S. communities. Since June 2022, LiveOak has rapidly grown, investing over USD 200 million and deploying 1,000 miles of fiber. This funding will enhance connectivity and bridge the digital divide.

 Airties, a global leader of managed Wi-Fi solutions for broadband service providers, today announced it has opened its first office in India – a new R&D center based in Bangalore, focused on enhancing the AI, cloud, and DevOps capabilities of Airties for use in Smart Wi-Fi deployments. The new center in India aims to employ around 100 specialized software engineers focused on further extending the capabilities of Airties Cloud management platform.

The United States government has launched an investigation into Chinese telecommunications companies China Mobile, China Telecom, and China Unicom amid fears that these firms might transfer US data to the Chinese government through their US cloud and wholesale routing services. According to Reuters, which cited three anonymous sources, the US Commerce Department has issued subpoenas to the three companies.

Enreach, Europe’s leading provider of converged contact solutions has today announced that Bertrand Pourcelot, Enreach for Service Providers’ Chief Executive Officer, and Tonny Siemons, Enreach’s Business Development Lead for Cloud IT, will each join panel sessions at the upcoming CCA European Summit. The event takes place 19-21 June 2024 at the Hotel Palacio Estoril in Estoril, Portugal.