Indian billionaire Sunil Mittal sold a 0.84% stake in Bharti Airtel for $976 million, with 25% going to Bharti Telecom to strengthen its control. The rest was acquired by major investors like GQG Partners and Fidelity.
In a groundbreaking move for the telecommunications sector, e& enterprise has forged a strategic partnership with PayPal. This collaboration enhances e& enterprise’s digital payments platform, empowering businesses by integrating seamless PayPal solutions.
CityFibre reported its first full-year profit in 2024, with a 34% revenue increase to £134 million. The company expanded its network to 4.3 million premises and secured £865 million from Project Gigabit.
Nokia has appointed Justin Hotard as its new CEO, succeeding Pekka Lundmark on April 1. Hotard, formerly at Intel, will lead Nokia’s push into AI and data centers.
Honeywell, a major US industrial conglomerate, plans to split into three independent companies to enhance focus and agility. This reconfiguration will potentially elevate Honeywell’s market position, mirroring GE’s previous division.
Qualcomm’s record Q1 2025 financial performance showcases substantial growth in its QCT business, with notable rises in handsets, automotive, and IoT sectors. This success also highlights Qualcomm’s strategic focus on edge AI technology, enhancing AI inference efficiency across Snapdragon-powered devices.
President Donald Trump has nominated Arielle Roth to lead the NTIA, a key agency overseeing broadband policy. A seasoned telecom advisor, Roth has worked with Senator Ted Cruz and Republican FCC Commissioners.
BT is removing Diversity, Equity, and Inclusion (DEI) targets from its managerial bonus scheme, shifting focus to employee engagement. DEI targets previously made up 10% of bonuses for 37,400 managers. Despite the change, BT insists it remains committed to inclusion.
The UK Space Agency has awarded £16 million to EnSilica and Excelerate Technology under its C-LEO programme. This investment enhances connectivity, particularly in remote areas, and strengthens Britain’s role in the global satellite market.
The UK government is reducing funding for the Shared Rural Network (SRN), cutting planned new mobile masts from 260 to 60. While officials insist connectivity goals remain unchanged, critics worry rural areas will suffer.
