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Australian govt may step in to stop Chinese companies buying Digicel

2021-01-14 01:00:00| Total Telecom industry news

In May last year, long-struggling operator Digicel filed for bankruptcy, citing $7.4 billion in ‘unsustainable debts’. Now, the company is looking to rapidly offload its mobile phone networks across the Pacific region, including in Papua New Guinea, Fiji, Tonga and Samoa. But potential buyers could be problematic on a political level. China would very much like to gain a foothold in this region, with a number of Chinese companies reportedly interested in Digicel’s assets, including Huawei…read more on TotalTele.com »

Tags: companies stop step chinese

Americans Balking at Buying Smart Home Devices

2021-01-13 14:23:00| TechNewsWorld

Smart devices, the cornerstone of the home of the future, can't seem to capture the imagination or open the wallets of a large number of Americans. Some 46.7 million broadband households aren't ready to buy a smart home device, according to a survey released this week by Parks Associates, a market research and consulting company specializing in consumer technology products.

Tags: home buying devices smart

EIG Clears Pathway to Buying Petrobras Assets

2021-01-07 15:10:00| OGI

EIG's bet in Brazil comes while the state firm Petrobras speeds up asset sales, ending what was nearly a state-held monopoly in natural gas five years ago.

Tags: buying assets pathway clears