KT Corp aims to generate $773.1 million by 2025 from AI-based services, investing $5.4 billion by 2027. Focusing on robotics, healthcare, and education, their AI improvements include AI contact centers, logistics services, customized care plans, and the AI Food Tag, emphasizing the company’s innovative approach.
TIM explores offers for its Enterprise business, valuing the unit at over €6 billion, while the board evaluates bids for network assets. With the company’s gross financial debt nearing €32 billion, maximizing value is crucial. KKR emerges as a frontrunner, as anticipation builds for exclusive discussions lasting until late August or early September.
Intel’s massive €30 billion European project advances with state-of-the-art factories in Magdeburg, Germany, boosting job creation and supply chain resilience amid global semiconductor demand. Will the ambitious initiative fulfill high-tech production aspirations?
BT’s Digital Unit achieves a milestone as the first telco to complete the EDM Council cloud assessment, paving the way for efficient data management and strategic cloud implementations while ensuring data protection and control.
EU Contemplates 5G Vendor Ban Amid Huawei Funding Debate The European Union is debating whether to ban certain companies from their 5G networks due to security concerns. Huawei, the company most affected by the potential ban, is receiving funding of around €3.89 million from the EU for research in areas like 6G, AI, and cloud computing under the Horizon Europe research program. Horizon Europe is the EU’s main research and innovation initiative, with a proposed budget of €12.8 billion in 2024. The EU is worried about member countries, especially Germany, being slow to restrict the use of “high-risk” vendors. Analysts suggest that stricter measures from Germany would greatly impact Huawei’s presence in Europe. Read the full article European Commission Targets Google’s Adtech Dominance with Statement of Objections The European Commission has raised concerns about Google’s control of the digital advertising ecosystem and issued a Statement of Objections against the tech…
EXA Infrastructure acquires Univerzalne Telekomunikacije, expanding its network routes and enhancing European connectivity, with focus on the underinvested Balkan region. Unitel’s reliable fiber network and strategic location complement EXA’s Trans Adriatic Express route, showcasing growth plans in pan-European and transatlantic connectivity.
Vodafone and CK Hutchison announce plans to merge their UK operations, highlighting potential benefits such as a top-class 5G network and better customer value. However, regulatory approval may pose a challenge and delay the process.
At the Future Enterprise Networks event, experts discussed challenges of 5G private network adoption, emphasizing security benefits and market infancy. Strategies to expand usage to SMEs and overcoming obstacles like education and cost were also highlighted.
Nigeria’s mobile market experiences a significant shift as the NCC allocates 25 MVNO licenses, driving competition and expanding service offerings. This move aims to improve connectivity in rural areas and transform the African telecoms ecosystem in 2023.
Virgin Media O2 exposes a £500m issue in the mobile industry, accusing competitors EE, Vodafone, and Three of confusing contracts and overcharging postpaid customers. As demands for transparency grow, collaboration could lead to a more consumer-friendly market.
