PCCW has finalized an agreement to sell a 40% stake in its fibre business to China Merchants Group, a state-owned investor, for $870 million. The Hong Kong telecommunications company had been in talks with various potential buyers for months, but officially signed with the Chinese firm.
India’s recent 5G spectrum auction concluded with disappointing results, generating significantly less revenue than anticipated. The auction ended after only seven rounds, raising INR113 billion ($1.35 billion), a stark contrast to the INR960 billion ($11.49 billion) reserve price set by the government.
Nokia and Claro have successfully concluded the first phase of Colombia’s most extensive 5G rollout, establishing 1,000 sites across the nation. This achievement came just four months after Colombian authorities granted 5G licenses, marking a significant step toward enhancing various industrial sectors, including transport, mining, energy, and oil and gas.
A recent report commissioned by EE suggests that 4G mobile connectivity can generate significant economic benefits for rural communities, with potential earnings exceeding £6 million. However, in half of the analyzed locations, the cost of upgrading outweighed the financial advantages.
Netcracker Technology has announced a major collaboration with 4iG, a leading Hungarian communications group, to overhaul the IT infrastructure of its subsidiaries, Vodafone Hungary and DIGI. This ambitious initiative will see all retail customers migrated to Netcracker’s comprehensive IT suite, encompassing the Netcracker Digital BSS and OSS systems, which are key components of the Netcracker Digital Platform.
China Mobile, the world’s largest mobile operator, now boasts over 500 million 5G users, according to its latest report. By the end of May, the telecom giant had 502.6 million active 5G network users, reflecting the growing adoption of this next-generation technology. This figure marks a significant milestone, as it represents actual 5G usage rather than just subscriptions to 5G plans.
EE has announced the deployment of its innovative ‘cell sleep’ technology on its 4G network, aiming to significantly reduce energy consumption. This new technology allows certain 4G LTE carriers to enter a low-power mode during times of low demand.
French telecommunications giant Orange is reportedly exploring the sale of its 40% stake in Mauritius Telecom, according to sources cited by Bloomberg. While Orange has engaged with advisers on the potential sale, discussions with Mauritius Telecom’s board about a possible buyback have not yet occurred.
A major Spanish trade union has strongly opposed Vodafone Spain’s decision to cut over 1,000 jobs, prompting calls for strike action. The Unión General de Trabajadores (UGT) has vocally criticized the job cuts, blaming the company, the Spanish government, and regulatory environment for the situation.
The US Commerce Department has prohibited the use of Kaspersky security software across the United States, citing national security concerns. The Bureau of Industry and Security (BIS) determined that Kaspersky’s cybersecurity products pose “unacceptable risks” to US national security and public safety.
