Millicom’s board has urged shareholders to reject Atlas Investissement’s buyout offer, deeming it undervalues the company. Atlas, holding 29% of Millicom, proposed purchasing the remaining shares for $24 each. Millicom, a leader in Latin American telecommunications, believes its financial outlook and long-term potential far exceed the offered price.
A significant data breach at AT&T, impacting nearly all wireless customers, has exposed call and text message records. The 2022 breach highlights vulnerabilities in telecommunication security, emphasizing the need for VoIP engineers to implement robust measures.
Vodafone recently showcased the transformative potential of 5G network slicing at the Glastonbury Festival in Somerset, U.K. Partnering with EBC, a beverage vendor, Vodafone demonstrated how network slicing enhances payment transactions by providing real-time connectivity and reducing latency.
Fastweb has launched NeXXt AI Factory, introducing Italy’s first DGX SuperPOD AI supercomputer. Located in Bergamo, the facility enhances Italy’s AI landscape, empowering startups, universities, and businesses. Fastweb’s robust computing power and partnerships ensure high-quality AI applications, positioning Italy at the forefront of technological innovation.
The Australian Government’s strategic partnership with Amazon Web Services (AWS) aims to enhance the nation’s cybersecurity with a $2 billion investment. This move involves creating a Top Secret AWS cloud infrastructure to secure intelligence data.
By 2030, nine billion cellular and IoT devices will feature eSIM and iSIM technology, revolutionizing the VoIP industry. With a projected 22% annual growth rate, these technologies promise enhanced versatility for smartphones, connected cars, and industrial sensors.
Claro has achieved a milestone in Brazil by successfully testing 5G-Advanced (5G-A) in partnership with Huawei, reaching speeds over 10 Gbps. Utilizing a commercially active 5G antenna and advanced modems, the trial signifies a leap forward in mobile internet technology.
Australian telecommunications company Optus has partnered with Cisco to enhance network security for its business customers. As remote work and reliance on VoIP and Software-as-a-Service increase, this collaboration aims to address complex cyber threats.
Telecom Italia (TIM) celebrates the successful sale of its fixed-line grid to the Optics BidCo consortium, led by investment firm KKR. This strategic move aims to reduce TIM’s significant net financial debt and marks a first in major European telecom history.
Xavier Niel’s Atlas Investissement has proposed a $4.1 billion buyout of Millicom, a key telecom player in Latin America under the Tigo brand. Despite a rejected offer, Atlas aims to enhance Millicom’s network and distribution. Leveraging expertise from its 29% stake, Atlas seeks to drive growth and expand 4G services in rural regions.
