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Another remarkable incident in the telecoms industry this week, as the US mobile colossus, Verizon, reported a significant data breach.
Telco Buzz

Verizon’s Data Breach: Balancing Employee Privacy and Security

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In a significant security incident, US telecom giant Verizon suffered a serious data breach impacting over 63,000 workers. Despite occurring last September, the leak wasn’t detected until December. Delving into the possible causes reveals potential insider wrongdoing. With the exposed data consisting of extensive personal details, Verizon claims that it hasn’t been shared externally yet. As the company probes into the breach, it offers its affected staff credit monitoring and identity theft protection for two years.

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When it comes to providing full-fibre broadband, both the UK and US face similar challenges, albeit with different infrastructural hurdles.
Infrastructure

Navigating Full-Fibre Rollout: UK-US Infrastructure Challenges

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As both the UK and US strive to deliver full-fibre broadband, each country grapples with its hurdles; one being persuading landlords to greenlight installation plans within their properties. In the UK, mechanisms are in place to enable operators to seek judicial access if landlord agreement is unattainable, a luxury the US lacks, suggesting the potential need for new legislative action in America. A monumental goal for both nations is eliminating the digital divide which requires a comprehensive combination of varied technology methods.

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Telecom Egypt and Hungary's 4iG have agreed to collaborate on constructing a pioneering subsea cable directly linking Albania and Egypt.
Infrastructure

New Subsea Cable Venture Connects Albania and Egypt

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In a significant step towards enhancing global digital infrastructure, Telecom Egypt and Hungary’s 4iG have officially agreed to collaborate on constructing a pioneering subsea cable directly linking Albania and Egypt. This groundbreaking initiative, originally outlined in a Memorandum of Understanding last October, marks the first time such a direct connection will be established between the two nations.

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Norway's leading telco group, Telenor, has revealed plans for an impairment of 8.04 billion Norwegian kroner, or $760.3 million, in Q4 2023.
Market Watch

Unraveling Telenor’s $760M Impairment amid True Corp Investment

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Telecom giant Telenor faces a considerable setback as the company braces itself for a $760.3 million blow from its investment in True Corp, spurred by a noticeable decline in share value in 2023. However, amidst this financial turbulence, Telenor maintains a positive outlook. The company affirms that this financial drawback is merely for book records and does not reflect changes in Telenor’s belief in the value of their True Corp asset.

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In a recent analysis by ABI Research, the future looks bright for neutral host providers, with projections pointing to a revenue increase.
Market Watch

Neutral Hosts Eye $1.3 Billion Revenue by 2030

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In a recent analysis by ABI Research, the future looks bright for neutral host providers, with projections pointing to a significant revenue increase. By the year 2030, it’s estimated that neutral host connectivity will rake in revenues of around $1.3 billion. Although the current market size remains unspecified, this figure highlights the substantial growth potential for the sector.

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Discover Neterra's award-winning journey in telecom innovation. From Bulgaria's first internet connection to global excellence.
People & Interviews

Neterra: A Story of Innovation, Growth, and Global Recognition

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Neterra, a telecommunications trailblazer for nearly three decades, recently secured the prestigious ‘Best Central & Eastern European Carrier’ award at the Global Carrier Awards 2023. In an exclusive interview with Svetoslava Bancheva, the PR and Digital Communications Manager, Neterra’s evolution from providing Bulgaria’s first internet connection to becoming a global telecom solution provider unfolds. Svetoslava highlights pivotal milestones, including running submarine cables under the Danube River and the establishment of the Sofia Data Center.

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The UK's telecoms regulator, Ofcom, enacted stronger measures surrounding faux phone numbers and fraudulent calls, with a focus on CLI data.
Telco Buzz

Ofcom Bolsters Measures Against Call Spoofing: A Balanced Perspective

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Ofcom, the UK’s telecom regulator, wields new measures to curb fraudulent calls and misuse of Calling Line Identification data internationally. This initiative directly targets scammers exploiting loopholes to feign UK numbers. While exceptions exist for legitimate overseas use, maintaining the balance without obstructing genuine calls is an imperative yet challenging pursuit.

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Vodafone has once again declined an enhanced merger proposal from Iliad for its Italian operations, despite the latter's efforts.
Telco Buzz

Vodafone Rejects Improved Iliad Merger Offer

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In a surprising turn of events, Vodafone has once again declined an enhanced merger proposal from Iliad for its Italian operations, despite the latter’s efforts to sweeten the deal. Iliad had revised its initial offer, made two years ago, in December, proposing a 50:50 joint venture that valued Vodafone Italia at €10.45 billion. This arrangement would have netted Vodafone €6.5 billion in cash and a €2 billion shareholder loan, with additional cash influx opportunities through a buyout option.

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