A recent study by Ericsson and Juniper Research reveals significant growth prospects for the mobile financial services (MFS) sector, forecasting a surge in user engagement and transaction values by 2028. The analysis suggests a shift towards a more diverse offering in mobile money services, predicting that 40% of mobile subscribers will utilize these services by 2028, a notable increase from the current 29%.

Epsilon Telecommunications (Epsilon), a KT Corp. company and leading global interconnectivity provider, has appointed Damon (Young Seok) Lee as its Group Chief Executive Officer. Lee joins Epsilon with over 27 years of experience in the telecommunications and technology sectors, most recently serving as Vice President in KT’s Enterprise Business. He will lead Epsilon’s senior executive team with a focus on optimising the company’s business strategy and global growth.

European lawmakers clash over a proposed network fee for content and application providers, as majority fear potential implications like stifling innovation, impacting net neutrality, and increasing consumer costs. Telecommunications operators may explore alternative income sources amid uncertain consolidation prospects.