TIM, the Italian telecommunications giant, encountered a significant drop in its share value following the announcement of an expected increase in net debt by over €1 billion due to the sale of its networks division. The company’s strategic initiative, dubbed the Free to Run plan, aimed at reducing debt through the sale, ironically led to a sharp decline in share prices, which plummeted further after the disclosure of financial details on Monday.
The lapse of the Federal Communications Commission’s (FCC) authority to auction spectrum has reached a one-year milestone, casting a shadow over the United States’ telecommunications landscape and its position on the global stage. This standstill not only reflects the pervasive partisanship and dysfunction within the US government but also threatens the country’s innovative edge and economic competitiveness.
Dish Network’s financial struggles have intensified, leading to the likelihood of not completing a significant spectrum purchase from T-Mobile US. The satellite TV provider, aspiring to expand into mobile networks, disclosed its precarious financial situation, hinting at potential challenges in continuing operations.
Mobile Experts released a report on the growth of Private LTE and 5G in sectors like offices and schools. EnGenius launches the EOC655 series for outdoor connectivity, designed for smart cities and public safety. UK Altnets have urged the government for harsh penalties against fibre infrastructure vandalism. Klika Tech won the 2024 IoT Global Awards in the “Smart Cities, Government & Utilities” category.
Singtel has made another divestment, selling a fractional 0.8% stake in India’s Bharti Airtel for approximately $711 million. It’s a part of Singtel’s ongoing strategy to transition from traditional telco operations to fully digital-based operations.
LogRhythm, the company helping security teams stop breaches by turning disconnected data and signals into trustworthy insights, has announced the appointment of Joanne Wong as Interim Chief Marketing Officer. Wong brings a wealth of experience to her new role, proven over 9 years of driving successful marketing initiatives at LogRhythm.
In a significant advancement for enterprise voice security, Mutare Inc., has partnered with NICE to integrate its pioneering Voice Traffic Filter into the NICE CXexchange. This collaboration marks a pivotal moment for both companies, offering NICE users an enhanced level of customer experience (CX) through advanced AI capabilities.
In an unexpected turn of events, Google’s Pixel smartphones are carving out a significant niche for themselves in Japan, a market traditionally dominated by local brands and, more recently, by Apple. Despite a general downturn in the Japanese mobile phone sector, Google has emerged as a notable exception, with its Pixel range securing a market share surpassing 10% by the end of the fourth quarter of 2023. This growth positions Google as the third-largest player in the market, right behind Sharp but ahead of several traditional and long-standing competitors.
Viavi Solutions, a leading technology firm, has extended an ambitious £1 billion acquisition deal to Spirent Communications. The anticipated merger could unlock enhanced capabilities across artificial intelligence, machine learning, security, and cloud-native architecture.
At the Mobile World Congress (MWC) 2024, BT’s Division X unveiled a significant advancement in their technology offerings, introducing a multi-million-pound investment in a narrowband Internet of Things (NB IoT) network. This move is poised to revolutionize the IoT landscape across various sectors, promising a new era of smart cities and advanced agriculture. Chris Keone, the Managing Director of Division X, shared insights into how this technology is setting the stage for futuristic urban environments and industry transformations.
