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Handset hold up could delay Korea's 5G launch until April

2019-03-08 01:00:00| Total Telecom industry news

The South Korean government has confirmed that the country's 5G launch could miss its end of March deadline, as smartphone manufacturers struggle to get their product to market…read more on TotalTele.com »

Tags: april until hold delay

Category: Telecommunications
 

SoftBank to take Latin America by storm with creation of $5bn Innovation Fund

2019-03-08 01:00:00| Total Telecom industry news

Japanese telecoms giant, SoftBank, has created a $5 billion investment fund, designed to streamline investment and development of Latin America's growing technology sector. In addition to the creation of the $5bn Innovation Fund…read more on TotalTele.com »

Tags: america creation fund latin

Category: Telecommunications
 

Vodafone UK extends 5G roll-out to 12 additional towns, cities in 2019

2019-03-07 17:48:00| Telecompaper Headlines

(Telecompaper) Vodafone UK has confirmed plans to launch 5G in 19 towns and cities this year, with 12 more cities benefiting from the 5G roll-out later in 2019. These add to the seven cities where 5G is already live or switching on soon.

Tags: in additional cities towns

Category: Telecommunications
 

SoftBank unveils USD 5 bln Latin American startup fund

2019-03-07 16:40:00| Telecompaper Headlines

(Telecompaper) At the same time, SoftBank is setting up a new operating group called the SoftBank Latin America Local Hub, which will partner with companies that are already in SoftBank's investment portfolio to help them enter the region. The group's Chief Operating Officer and former Sprint and Brightstar CEO Marcelo Claure has been named CEO of SoftBank Latin America and will be tasked with overseeing the new fund, its investments and operations. No decision has yet been made as to the location of the new fund's HQ, said SoftBank.

Tags: american usd fund latin

Category: Telecommunications
 

Disney may test new streaming service in Netherlands before US launch - report

2019-03-07 11:50:00| Telecompaper Headlines

(Telecompaper) Disney may first test its upcoming Disney+ streaming service in the Netherlands before launching it formally in the US, The Information reported, citing anonymous sources. Disney gave a name to its new streaming service in November, which it hopes will take on Netflix. The service will be introduced late this year with productions from Disney itself, Pixar, Marvel, Star Wars and National Geographic.

Tags: us service report test

Category: Telecommunications
 

Facebook CEO pledges increased privacy, more encryption in new focus on messaging

2019-03-07 10:27:00| Telecompaper Headlines

(Telecompaper) Facebook CEO Mark Zuckerberg has outlined new principles for the social network, stressing a focus on privacy following the scandals plaguing the company in the past year over unauthorised sharing of personal data of Facebook users. To help protect privacy, the company will provide encrypted communications and ensure data is not kept in unsafe jurisdictions or any longer than necessary. It will also open up its apps to more interoperability, so users can communicate across its networks. 

Tags: on privacy focus increased

Category: Telecommunications
 

Austria awards seven licences in 5G pioneer bands 3.4-3.8 GHz

2019-03-07 10:20:00| Telecompaper Headlines

(Telecompaper) Austrian regulator RTR has closed the auction for regional licences for frequencies in the 5G pioneer bands 3.4-3.8 GHz, with seven successful bidders who will pay a total of around EUR 188 million for the licences. The next step will be the auction of multi-band licences in spring 2020.

Tags: awards austria bands pioneer

Category: Telecommunications
 

MTS agrees to pay USD 850 mln to settle Uzbekistan bribery charges

2019-03-07 09:36:00| Telecompaper Headlines

(Telecompaper) Russian operator MTS has agreed to pay USD 850 million to settle a case brought by the US over alleged bribery in obtaining licences for MTS Uzbekistan. MTS set aside a provision for the payment already in Q3 2018 and also agreed with the US Department of Justice and SEC to improve its internal controls and compliance checks to prevent future corruption. 

Tags: pay usd charges agrees

Category: Telecommunications
 

MTN plans asset sales, improves targets after rise in FY results

2019-03-07 08:55:00| Telecompaper Headlines

(Telecompaper) MTN Group increased its subscriber base by 16 million in 2018 to 233 million customers across 21 markets in Africa and the Middle East. The number of active data users increased by 10 million to 79 million, and the active mobile money subscriber base rose to 27 million. This strong commercial momentum drove a 10.7 percent constant currency increase in service revenue to ZAR 125.4 billion, the company said. The group said it met all its medium-term targets, reducing its holding company leverage and accelerating service revenue growth, driven by the implementation of its BRIGHT strategy. It also announced plans for asset disposals and raised its target for service revenue growth in the coming years.  

Tags: results sales plans rise

Category: Telecommunications
 

Huawei appeals against US government sales ban

2019-03-07 08:45:00| Telecompaper Headlines

(Telecompaper) Huawei has filed its appeal against the ban on the US federal government buying its products. The lawsuit claims the ban included in the National Defense Authorization Act of 2019 is unconstitutional, and the company wants the federal court in Texas to impose a permanent injunction against the restrictions.

Tags: sales government ban appeals

Category: Telecommunications
 

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