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Spain’s leading telecommunications group, Telefónica, has announced the sale of a controlling stake in its fiber network in Colombia to a global investment company KKR. With the sale of this majority stake, the telecommunications company expects to reduce its debt by $169 million.    As part of the agreement, KKR will hold 60% of the shares in the new Colombian fiber company, and Telefónica will retain the remaining 40% and contribute its existing fiber assets in the country. The new company will start operating with a fiber-to-the-home (FTTH) network, covering 1.2 million locations in 50 cities and municipalities and serving 380,000 customers by the end of the first quarter 2022. In three years, their goal is to reach 4.3 million sites in almost 90 cities.   The deal between Telefónica and KKR values the new company at $500 million. This entity will be the first independent Colombian open access wholesale…

Telefonica announces creation of a new Brazilian fibre company Telefonica has announced the establishment of a new Brazilian fiber company called FiBrasil. The company will be a joint venture between the operator and the Canadian Pension Fund CDPQ (Caisse de Dépôt et Placement du Québec). Telefonica’s 50% stake will be divided equally between Telefonica Brasil (Vevo) and the Group’s infrastructure division Telefónica Infra. FiBrasil will initially install and operate fiber optic networks in several medium-sized cities throughout Brazil outside São Paulo. Telefonica itself will be the key manager of the company. Read more at: https://tinyurl.com/53vt7s3k Samsung beats 5G speed record again  Korean technology giant Samsung claims to have set a new 5G speed record. During the test, 5.23 Gbps was achieved on a single device, with the testing being performed under laboratory conditions using commercial equipment. These details are crucial when it comes to the 5G speed record, as Samsung…

Telecom Secretary in India, Aruna Sundarajan expressed concerns about the country’s lack of quality mobile network services. She pointed out the fact that more towers and fiberisation is needed to follow the growth of subscribers. She said, during the second 5G India conference, “In a country where data is growing at 500 per cent, we need much more infrastructure. You need at least double the number of towers, at least double the size of fibre. Otherwise, where will the quality come from? So, they (operators) are working on that We are driving down hard on the service quality areas. We are beginning to see visible changes as a result of it. But it is not enough.” In a situation where call drops occur more often, falling service quality is concerning users and professionals. Manoj Sinha, the Telecom Minister, replied by confirming that the government is committed to “ensure quality of…

China Telecom (China Telecommunication Corporation) and HGC (formerly Hutchinson Global Communication) will be working together in building a carrier-to-carrier fiber optic connection on the Hong Kong-Zhuhai-Macau Bridge. HGC, founded in 1992 under British ruling, is the leader in fixed-line operators. It also has an extensive number of infrastructures outside of Hong Kong. It is also one of Hong Kong’s main Wi-Fi provider with 29,000 hotspots. It is now owned by I Square Capital, under Asia Cube Global’s infrastructure. On the other hand, China Telecom is the most important state-owned telecommunication company in China. It manages the third largest broadband network in the world. Their internet offers has 160 million subscribers, and the customers’ number of their mobile service is 260 million. This Bridge connects Zhuhai, up north Macau, Macau itself and Hong Kong. It is set to open for vehicles on July 1rst 2018. It will also be used for…