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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.

The Netherlands’ telecommunications regulator has announced that KPN, Odido, and VodafoneZiggo each secured 100 MHz of spectrum in the 3.5GHz band, marking a significant step for 5G development in the country. This auction, raising €174.4 million, ensures advanced 5G services with enhanced network capacity and higher throughput, promising innovations for businesses and consumers alike.

In a groundbreaking move, Hong Kong has allocated mmWave frequencies to its four mobile network operators without charging for the spectrum. The Office of the Communications Authority (OFCA) announced on Tuesday that it will distribute 1.2 GHz of spectrum in the 26 GHz and 28 GHz bands in the third quarter of this year, following applications from the telcos earlier this year.

A consortium of major Japanese tech companies, including mobile operator NTT DoCoMo, has successfully conducted a trial of 5G communication in the 38 GHz band using a base station positioned 4 km above ground level. This experiment is a critical part of Japan’s initiative to establish high-altitude platform stations (HAPS) for delivering 5G services from the stratosphere.