In an unexpected strategy shift, VEON is offloading its stake in Beeline Kyrgyzstan to CG Corp Global’s associate. The monumental telecom deal, setting the business’s value over three times its forecasted EBITDA for 2023, awaits regulatory approval. Amidst this change, Beeline Kyrgyzstan forges ahead in growth, promising patrons sustained exceptional digital solutions.
Vodafone Germany is set to reduce its workforce by 2,000 in the next two years as part of a cunning organizational restructuring strategy. These significant shifts aim to transform the telecom titan into a “simpler, faster, leaner, and more powerful” operation.
Seven Chinese nationals are under legal fire, suspected of masterminding an international hacking operation. Imagined to be APT31 Group members, they have allegedly dispatched 10,000 harmful emails, targeting critics of the PRC regime and stealing trade secrets.
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The Federal Communications Commission (FCC) has breathed new life into a stalled initiative aimed at extending 5G network coverage to America’s rural areas. The rejuvenated program, named the 5G Fund for Rural America, seeks to allocate $9 billion over the next decade to bring 5G connectivity to 14 million homes and businesses in regions currently overlooked by operators due to financial impracticalities.
RDK Management (RDK) today announced that it has joined the Wireless Broadband Alliance (WBA) and that the two organizations’ members plan to collaborate on industry-wide initiatives such as Operator Managed Wi-Fi, Wi-Fi 7, and IoT. RDK and WBA share many common members across broadband operators and technology companies that are committed to deploying RDK for Broadband (RDK-B).
Intelsat has announced the expansion of its partnership with Eutelsat through a significant $500 million agreement over seven years, aiming to capitalize on the burgeoning opportunities in the multi-orbit space sector. This collaboration will integrate Eutelsat’s OneWeb Low Earth Orbit (LEO) network, which it has owned for six months, with Intelsat’s existing geostationary orbit (GEO) and terrestrial networks. The goal is to enhance the range of services Intelsat can offer by leveraging these combined space assets.
In a significant move aimed at reducing its hefty debt, Altice has decided to offload its French media operations to the maritime giant CMA CGM for €1.55 billion. The deal, structured as a cash transaction, sees CMA CGM acquiring an 80% share, while the remaining 20% goes to Merit France, a holding company related to the shipping group. This strategic sale encompasses Altice Media, the parent company of the well-regarded news channel BFM and RMC, a radio broadcaster.
In a notable development, Vodafone has agreed to sell its operations in Italy to Swisscom, the Swiss telecommunications giant, for €8 billion, marking a significant shift in its business strategy. This sale is part of a broader effort by Vodafone to restructure its operations across Europe, aiming for a stronger, more focused presence in growing markets.
In a bold move that underscores its commitment to leading the UK’s fibre optic expansion, CityFibre has acquired Lit Fibre, a smaller but significant player in the market. This strategic acquisition is set to boost CityFibre’s reach by an additional 300,000 premises, signaling a significant step in its quest to become the nation’s third major infrastructure platform, alongside giants like Virgin Media O2 and Openreach.
