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Macquarie fund leads race for KCOM as auction enters final day

2019-07-12 02:00:00| Total Telecom industry news

As the KCOM auction enters its final day, the Macquarie-backed infrastructure fund still leads the race to acquire the UK regional service provider. After Macquarie European Infrastructure Fund 6 (MEIF) &ndash…read more on TotalTele.com »

Tags: day final leads race

Category: Telecommunications

It's Huawei or the highway

2019-07-12 02:00:00| Total Telecom industry news

The ongoing Huawei saga took a surreal and, let's face it, welcome detour this week when it emerged the company's Australian division has been busy trademarking various misspellings of its name. According to the Sydney Morning Herald, Australia has approved more than 250 trademark applications from Huawei, and the company has a further 70 pending…read more on TotalTele.com »

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Category: Telecommunications

NZ regulator clears Vodafone sale to Infratil

2019-07-12 02:00:00| Total Telecom industry news

New Zealand's Commerce Commission (ComCom) has cleared the sale of Vodafone to the Infratil consortium, stating it is not concerned about a potential loss of competition in the consumer telecoms market. Vodafone agreed the NZ$3.4 billion sale of its New Zealand arm in May to a consortium comprised of local infrastructure investor Infratil and Canada's Brookfield Asset Management…read more on TotalTele.com »

Tags: sale vodafone regulator clears

Category: Telecommunications

Nigeria networks need a $136bn cash injection

2019-07-12 02:00:00| Total Telecom industry news

Nigeria's telco networks require investment of around $136 billion in order to extend coverage and deploy more modern mobile technology, the country's watchdog said this week…read more on TotalTele.com »

Tags: cash networks nigeria injection

Category: Telecommunications

France adopts 3% digital services tax, attracting US ire

2019-07-11 14:13:00| Telecompaper Headlines

(Telecompaper) France's Senate has adopted the 3 percent tax on revenues made in France by digital services providers such as Google, Apple, Facebook or Amazon, Le Monde reported. The US govt says it will investigate the tax and make sure it does not unfairly target US companies. French Finance Minister Bruno Le Maire said earlier that while some US companies would certainly be subject to the tax, the legislation is in general aimed at around 30 companies, also from China, Germany, Spain and the UK, as well as from France itself. The tax would be imposed on any digital company with revenues of more than EUR 750 million, with EUR 25 million of that generated in France. It is expected to yield EUR 400 million this year and EUR 650 million in 2020. It was announced by Presidend Emmanuel Macron at the end of last year. The president said the money raised will help finance certain social and economic measures for the country. 

Tags: services france digital tax

Category: Telecommunications

Poland to announce new POPC broadband network contract in Q4 worth PLN 580 mln

2019-07-11 09:39:00| Telecompaper Headlines

(Telecompaper) The Centrum Projektow Polska Cyfrowa (CPPC) plans to announce a new contract for the deployment of a broadband network under the framework of the Operational Programme Digital Poland (POPC), reports Telko.in. The invitation to tender bids will be announced in the fourth quarter of this year. According to preliminary data, PLN 580 million will be allocated for this purpose.

Tags: network worth contract poland

Category: Telecommunications

US govt orders investigation into France's planned digital services tax

2019-07-11 09:33:00| Telecompaper Headlines

(Telecompaper) The US government has expressed concern about the 3 percent digital services tax proposed by France, Reuters reported. Draft legislation on the tax passed France's lower house of parliament in April and is set to pass the Senate on 11 July. US President Donald Trump has now ordered an investigation into the planned tax. "The US is very concerned that the digital services tax which is expected to pass the French Senate tomorrow unfairly targets American companies," US Trade Representative Robert Lighthizer said in a statement announcing the investigation. Lighthizer said Trump "has directed that we investigate the effects of this legislation and determine whether it is discriminatory or unreasonable and burdens or restricts United States commerce."

Tags: services digital orders tax

Category: Telecommunications

FCC votes to open up 2.5 GHz band for 5G services

2019-07-11 09:07:00| Telecompaper Headlines

(Telecompaper) The US Federal Communications Commission has voted 3-2 to open up spectrum in the 2.5 GHz band for 5G use and finalised procedures for the forthcoming December auction of spectrum in the upper 37 GHz, 39 GHz and 47 GHz bands. In a statement, the FCC said much of the 2.5 GHz band spectrum (2496-2690 MHz) has been underutilised for many years, having been reserved in the 1960s for the so-called Educational Broadband Service.

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Category: Telecommunications

Kenyan regulators oppose parliamentary attempts to split mobile money from telecoms services

2019-07-11 09:00:00| Telecompaper Headlines

(Telecompaper) Kenya's communication and financial sector regulators have warned against parliament's quest to split mobile money transfer services off from telecoms operators, Business Daily reported. The Ministry of ICT, Central Bank of Kenya (CBK) and Communications Authority of Kenya (CA) on 10 July asked lawmakers to be cautious in their effort to de-link  services such as M-Pesa, Airtel Money and T-Kash from their parent mobile telecommunication firms. 

Tags: services money mobile split

Category: Telecommunications

Top Vodafone execs have their bonuses cut

2019-07-11 02:00:00| Total Telecom industry news

Vodafone CEO Nick Read and CFO Margherita Della Valle have requested a 20 percent cut in their annual share award bonuses to reflect the poor performance of the telco's share price. Vodafone's shares have fallen nearly 30 percent over the last 12 months…read more on TotalTele.com »

Tags: top cut vodafone bonuses

Category: Telecommunications

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