TIM’s leadership has expressed dissatisfaction with the Italian government’s initial purchase proposal for its Sparkle subsea cable division, prompting CEO Pietro Labriola to seek improved terms. The decision follows a recent bid by the Ministry of Economy and Finance, which has been deemed inadequate by TIM’s board of directors. Amidst ongoing discussions about the board’s composition, the focus has swiftly shifted back to negotiations, underscoring the complex nature of the transaction involving Sparkle.
In a significant move to strengthen its position in the global semiconductor industry, the Japanese government has committed approximately $307 million in subsidies to a high-profile semiconductor project. This initiative brings together major players NTT from Japan, Intel from the United States, and South Korea’s SK Hynix. Their collaboration focuses on the development of advanced optical semiconductor technology, which promises faster data processing speeds and reduced energy consumption compared to traditional electrical semiconductors.
UK’s government and Vodafone settle on ‘proportionate measures’ to assuage national security concerns over UAE-based e&’s increasing ownership stakes. This agreement follows the government’s expressed apprehension about e&’s potential influence on Vodafone’s policies due to its status as the largest shareholder. In response, a ‘national security committee’ will be created within Vodafone to monitor initiatives that could affect national security.
Indian telecom giant, Jio Platforms, stands out among potential buyers for a majority stake in Sri Lanka Telecom PLC. It reveals Sri Lanka’s approach to address drastic economic conditions with state-owned enterprises’ privatization.
A Malaysian government-backed task force convenes today, in light of the impending launch of a second 5G network. With the first network boasting over 80% connectivity coverage, anticipation thrives. In an unexpected twist, the government took control after declining a traditional 5G spectrum auction. Initial resistance from local mobile operators eventually sheared, replacing defiance with a collaborative investment. The ensuing 5G network, however, aims to break this monopoly, fostering competition.
After last week’s summit in Australia, the Five-Eyes Governments, which include the United States, the United Kingdom, Canada, Australia and New Zealand, issued a statement calling on the technology industry to willingly provide access to encrypted information. While encryption is by far the safest way for private information to travel between the sender and receiver, the Five-Eyes group argue that it can also be “used by criminals, including child sex offenders, terrorists and organized crime groups to frustrate investigations and avoid detection and prosecution.” Even though the debate of privacy versus security when it comes to data encryption is not a new one, many cybersecurity experts still claim that there is no safe way to provide authorities with a backdoor access to decoded information without introducing vulnerabilities that may be exploited by hackers. Despite this argument, the alliance is pushing technology providers to “create customized solutions, tailored to their individual…
The Irish government announced the signing with Apple of an agreement allowing the payment, in a blocked account, of 13 billion euros tax benefits deemed undue by the European Union. In August 2017, the EU commission said a sweetheart deal devised by the Irish government had allowed Apple to pay tax of just 0.005% in 2014 and an average rate of 1% over many years. Brussels estimates that the US company has paid too little tax in Ireland because of a tax agreement with the country’s authorities, which would have allowed the Government to tax only a tiny part of the billions earned by Apple in Europe. Ireland is home to the European headquarters of Apple, which records all the profits made in this geographical area as well as in Africa, the Middle East and India. The 13 billion euros should be transferred to the blocked account by the end of the…