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Samsung signs $6.6 billion contract with Verizon

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The South Korean tech giant Samsung has announced that it has signed a contract to supply network equipment to Verizon in the US. Samsung and Verizon’s wireless telecommunications solutions contract is worth about $ 6.6 billion according to information released on Monday, ensuring a great triumph for the South Korean seller against established competitors. Samsung Networks will supply network equipment and solutions, including 5G, to their American partner for the next five years, until December 2025. This new contract with Verizon is the largest that Samsung has ever received in its history. Samsung’s network business was one of the first to offer 5G network equipment to South Korean telecommunications companies when they launched their 5G networks in 2019. “We are pleased to expand our long-standing partnership with Verizon to advance their next-generation network evolution. With this latest long-term strategic contract, we will continue to push the boundaries of…

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FCC approves Amazon’s 3,000+ satellite project

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Amazon, the multinational technology company, has received the approval from America‘s Federal Communications Commission (FCC) to deploy 3,236 internet satellites into low Earth orbit (LEO) and to provide the US with satellite-based broadband services. The project, named Kuiper, was first announced last spring with the intent to build a LEO satellite constellation that would have the potential to provide cost-effective broadband services to unserved and underserved communities around the world. A project of this magnitude requires a great amount of resources, therefore Amazon will invest more than $10 billion in the project. This investment will not only provide broadband services, but will also create workplaces and infrastructure around the United States. Dave Limp, senior VP at Amazon, commented: “There are still too many places where broadband access is unreliable or where it doesn’t exist at all. Kuiper will change that. Our $10 billion investment will create jobs and…

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A quick roundup of the news in Telecoms | Week #20

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Facebook, telcos to build a huge subsea cable for Africa and the Middle East Facebook, together with a group of telecom companies, including Vodafone, Orange, STC, China Mobile International, MTN GlobalConnect, Telecom Egypt, and WIOCC, will build a subsea cable system that is claimed to be one of the largest in the world. The project is called 2Africa and will cover 37,000 km of cables interconnecting Europe (eastward via Egypt), the Middle East (via Saudi Arabia), and 21 landings in 16 countries in Africa. The system is expected to go live in 2023/4, delivering more than the total combined capacity of all subsea cables serving Africa today, with a design capacity of up to 180 Tbps. Read more at https://tinyurl.com/yahgfe8g Workvivo raises $16 million to reinvent the intranet in the age of Slack and Zoom The Irish startup Workvivo, an employee communications platform, has raised USD 16 million in a Series A…

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Lanck Telecom, Clear and Digicel become members of i3forum

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The non-profit industry group i3forum, which focuses on transformation in the network carrier business, has announced the addition of three new members – Clear, Digicel and Lanck Telecom. Clear specializes in blockchain-based settlement and clearing networks, Digicel provides total communications and home entertainment services in 33 markets across the Caribbean, Central America and the Asia Pacific regions, and Lanck Telecom offers voice and data transfer services to carriers and retail operators in more than 190 countries worldwide. “New members bring new perspectives and insight to our discussions, workgroups and initiatives. We are excited to have Clear, Digicel and Lanck Telecom join us and share their expertise across a variety of topics. Unique voices and opinions support our vision for open and inclusive collaboration,” said Philippe Millet, Chairman at i3forum. “It is a very exciting time for i3forum as we get new initiatives off the ground and take our organization to new places. I’d…

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