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TELECOMS

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Millicom’s board has urged shareholders to reject Atlas Investissement’s buyout offer, deeming it undervalues the company. Atlas, holding 29% of Millicom, proposed purchasing the remaining shares for $24 each. Millicom, a leader in Latin American telecommunications, believes its financial outlook and long-term potential far exceed the offered price.

Chinese telecom operators have successfully deployed expansive 5G networks across all cities and towns, with 90% village coverage. Utilizing 3.84 million 5G base stations, they lead globally. This vast network supports diverse industries, enhancing connectivity. As 5G technology advances, with plans to incorporate 5G-Advanced (5G-A) and AI, the future of telecommunications looks promising.

Telekom Malaysia has won a $265 million contract with the Malaysian government to implement a next-generation 999 emergency response system. TM Technology Services will oversee the project, featuring digital maps, geolocation, and AI to improve response times. This new NG999 system is set to replace the current MERS999 next year.

In developed markets, copper telecom networks are rapidly being replaced by more efficient fiber optic cables. Despite this shift, the value of copper is surging in other sectors, particularly in electric vehicles and renewable energy. The metal’s worth has soared over 50% from pre-pandemic levels due to high demand and lower mining outputs, with forecasts suggesting a further 50% increase in demand by 2040.