Millicom’s Board of Directors has rejected Atlas Luxco’s revised $25.75 per share offer, stating it still undervalues the company. The board pointed to Millicom’s improved performance and standard valuation metrics, suggesting the bid is too low. Concerns over the impact on employees were also highlighted.
Deutsche Telekom is enhancing its global IoT presence through a new agreement with the Bridge Alliance. As the first European telecom giant in this consortium, Deutsche Telekom aims to streamline IoT solutions for both Asian and European markets. Their combined expertise promises superior connectivity and simplified procurement processes.
Research by Virgin Media O2 reveals that poor internet connectivity is driving many rural UK residents, particularly young adults, to consider relocating to urban areas. Inadequate internet access hinders remote work, prompting 4.6 million people to contemplate moving within the next year.
South Korea has officially revoked the mobile license of Stage X, led by Stage Five, an affiliate of tech giant Kakao Corp. The Ministry of Science and ICT cited failure to meet financial and operational criteria as reasons. Stage X aimed to join established carriers like SK Telecom and KT but struggled to secure necessary capital.
Vodafone has outlined a strong case for equipping UK public buildings with 5G-enabled technology. The ‘Connected Spaces’ report highlights how digital twins, IoT, and smart sensors can save the public sector £580 million annually. By integrating these technologies, Vodafone promises significant energy efficiency and reduced CO2 emissions, aiding sustainability goals.
The German government’s significant boost to its fibre network funding from €12 billion to €38 billion aims to accelerate fibre infrastructure rollout and extend aid until 2028. This increased funding empowers local authorities to deploy or outsource fibre networks, addressing Germany’s lag in fibre penetration.
AST SpaceMobile is gearing up for a significant milestone with the upcoming launch of its first commercial satellites. Set for early August, the five new Bluebird satellites will enhance the company’s ability to offer non-continuous commercial VoIP services. Once deployed in low Earth orbit, these satellites will revolutionize remote mobile coverage via direct-to-device communications.
The launch of the Bridge Alliance API Exchange (BAEx) by Bridge Alliance and Singtel introduces a revolutionary platform that simplifies API integration for multinational enterprises. Powered by Singtel’s Paragon orchestration platform, BAEx streamlines access to telecommunication network capabilities, accelerating time-to-market for new digital services. Optimize your operations with this cutting-edge VoIP solution.
TalkTalk, the UK’s fourth-largest broadband provider, is seeking £200 million in urgent funding to prevent collapse. Facing £1 billion in debt, the company aims to meet repayment deadlines by restructuring and attracting new investors. Despite serving 3.8 million customers, mounting debt pressures have amplified financial insecurities amidst fierce competition.
Equinix has announced its entry into the Filipino market by acquiring three data centers from Total Information Management (TIM) in the Philippines. This strategic expansion aligns with Equinix’s growth in Southeast Asia, supporting businesses to leverage digital opportunities.
