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Sunil Mittal bids for bankrupt satellite company OneWeb supported by UK govt

2020-06-30 02:00:00| Total Telecom industry news

OneWeb, a UK-based low-Earth orbit (LEO) satellite company, has found itself under financial strain since its inception back in 2012. Despite backers including SoftBank, Airbus and Qualcomm, the satellite company has struggled to obtain financing, resulting in a slew of debts that now top $3.3 billion.   The company filed for bankruptcy in March this year citing financial strain caused by the pandemic…read more on TotalTele.com »

Tags: company uk supported satellite

Category: Telecommunications
 

Indias ban on Chinese apps could reshape mobile app ecosystem

2020-06-30 02:00:00| Total Telecom industry news

  Monday saw India deal a sharp digital blow to China by banning 59 of their apps, including TikTok and WeChat, on the grounds that they are mining Indian users’ data.   The Ministry of Electronics and Information Technology said that the issue was of “very deep and immediate concern&rdquo…read more on TotalTele.com »

Tags: mobile chinese app ban

Category: Telecommunications
 

From 'high risk vendor' to 'hostile state vendor': Chinas controversial HK security law could impact Huaweis future in UK

2020-06-30 02:00:00| Total Telecom industry news

Earlier today, the Chinese government passed controversial national security legislation in Hong Kong, criminalising secession, subversion and collusion with foreign powers, as well as increased restrictions on protesting and freedom of speech.   This new policy could rock the boat for UK&minus…read more on TotalTele.com »

Tags: in high state uk

Category: Telecommunications
 

5G could boost UK economy by GBP 158 billion by 2030 - study

2020-06-29 11:17:00| Telecompaper Headlines

(Telecompaper) Upgrading the UK's mobile infrastructure to 5G could be worth up to GBP 158 billion to the economy over the next 10 years, according to a new report from WPI Economics for Vodafone UK.

Tags: study economy billion gbp

Category: Telecommunications
 

Telenet starts talks with Fluvius on FTTH cooperation in Flanders

2020-06-29 10:00:00| Telecompaper Headlines

(Telecompaper) Belgian cable operator Telenet has started talks with the energy group Fluvius on working together to roll out FTTH in Flanders. Fluvius already started its own initiative in several cities to build a fibre network, while Telenet has upgraded its cable network to Docsis 3.1 with gigabit speeds. The companies said they expect the negotiations to last until 2021 and will not make any further statements until then. 

Tags: starts cooperation talks flanders

Category: Telecommunications
 

Zimbabwean government suspends all mobile money transactions over suspected malpractice

2020-06-29 09:44:00| Telecompaper Headlines

(Telecompaper) The Zimbabwean government has, with immediate effect, suspended all monetary transactions on mobile money platforms, reported New Zimbabwe. The suspension is intended "to deal with malpractices, criminality and economic sabotage" perpetuated by people fuelling parallel market rates. Information permanent secretary Ndavaningi Mangwana said the tough measures were meant "to facilitate intrusive investigations, leading to the arrest and prosecution of offenders".

Tags: money mobile government transactions

Category: Telecommunications
 

Ethiopian regulator receives 12 bids for 2 telecoms licences

2020-06-29 09:29:00| Telecompaper Headlines

(Telecompaper) The Ethiopian Communications Authority (ECA) said twelve foreign companies have submitted bids for two new full-service telecommunication licences. The ECA declared that it has received complete information and expressions of interest from nine international telecom operators and two non-telecom companies. 

Tags: bids receives regulator telecoms

Category: Telecommunications
 

Facebook to block more hate speech as advertisers boycott grows

2020-06-29 09:01:00| Telecompaper Headlines

(Telecompaper) Facebook has announced changes in its content policy, to flag or prohibit more types of posts deemed hate speech. The announcement follows growing momentum among advertisers to boycott the social network until it does more to fight offensive content on the platform. 

Tags: block hate speech advertisers

Category: Telecommunications
 

Microsoft permanently shuts down all retail stores worldwide

2020-06-29 08:49:00| Telecompaper Headlines

(Telecompaper) Microsoft has confirmed that it will be closing all its physical retail stores worldwide to focus on online sales. In a statement, the company said its retail team members will continue to serve customers from Microsoft corporate facilities and remotely provide sales, training and support. It also intends to "reimagine" four locations London (Oxford Circus), Sydney (Westfield), New York (Fifth Avenue) and its Redmond campus as Microsoft Experience Centres. 

Tags: stores microsoft retail worldwide

Category: Telecommunications
 

Moody's downgrades Dish rating on doubts over mobile plans

2020-06-29 08:43:00| Telecompaper Headlines

(Telecompaper) Moody's Investors Service has downgraded Dish Networks ratings, saying the company will need a lot more capital to finance its planned 5G IoT network. The agency reduced its rating on Dish bonds to a step below investment grade, to Ba3, from B1. It cited concerns about the height of the investment needed, noting Dish's declining revenues amid the need for more capital to refinance and repay debt. Those concerns will continue until the company secures an equity investment or partners. "We also believe risk is rising due to the continuing secular decline of DBS's pay-TV subscriber base," the rating agency said.

Tags: rating mobile plans dish

Category: Telecommunications
 

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