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Tag: usd
Ericsson foresees USD 700 bln revenue for industrial digitisation service providers by 2030
2020-07-08 12:07:00| Telecompaper Headlines
(Telecompaper) Ericsson said its president and CEO Borje Ekholm recently addressed the 2020 GTI Summit about 5G network expansion and private networks. He said a leading application for 5G will become evident once the infrastructure is in place. He expects industrial digitisation to generate some USD 700 billion in revenue for service providers by 2030.
Tags: service
industrial
usd
providers
Chinese chipmaker Semiconductor Manufacturing International planning IPO worth up to USD 7.5 bln
2020-07-06 13:13:00| Telecompaper Headlines
(Telecompaper) Chinese chipmaker Semiconductor Manufacturing International (SMIC) is planning an initial public offering that could be worth USD 6.55-7.5 billion, the Wall Street Journal reported. SMIC hopes to sell 1.69 billion new shares at CNY 27.46 (USD 3.89) per unit, and list them on the Shanghai Stock Exchange's Science and Technology Innovation Board, or Star Market.The company said the offering could be increased by a greenshoe of 15 percent. That would take the deal's size to about USD 7.5 billion.
Tags: international
planning
chinese
worth
Nigerian government expects digital broadcasting switch to yield USD 1.1 billion
2020-07-03 09:52:00| Telecompaper Headlines
(Telecompaper) Information minister Lai Mohammed says the Digital Switchover (DSO) will fetch Nigeria USD 1.1 billion from the collection of TV licences and digital access fees, Premium Times reported. Mohammed said the spectrum vacated once the analogue to digital migration has been completed "will fetch USD 1 billion on its own."
Tags: digital
government
usd
switch
Naspers FY revenue rises 23% to USD 22.1 bln
2020-06-30 09:47:00| Telecompaper Headlines
(Telecompaper) Naspers has reported a 23 percent increase in revenue to USD 22.1 billion for the year ended 31 March from USD 19 billion in 2019, driven by e-commerce and growth at Tencent. Group trading profit grew 17 percent to USD 3.7 billion from USD 3.3 billion, as core Classifieds and core Payments businesses improved profitability even as it stepped up investment in Food Delivery.
Amazon to buy autonomous driving specialist Zoox for over USD 1 bln - report
2020-06-26 14:47:00| Telecompaper Headlines
(Telecompaper) Amazon is expected to soon announce the acquisition of autonomous driving specialist Zoox, based in Foster City, California, for over USD 1 billion, The Information and The Financial Times reported. The company, which employs 1,000 people, is developing an electric self-driving vehicle.
Tags: report
buy
amazon
driving
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