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China Mobile aims for 70 million 5G subscribers by the end of 2020

2019-11-18 01:00:00| Total Telecom industry news

China Mobile aims to secure 70 million 5G subscribers by the end of 2029, according to a report by Chinese newspaper, China Daily. China mobile also hopes to sell an estimated 100 million 5G enabled handsets by the end of the year…read more on TotalTele.com »

Category: Telecommunications

Labour proposes nationalising BT to deliver free fibre broadband for all

2019-11-15 10:35:00| Telecompaper Headlines

(Telecompaper) The Labour Party has pledged to deliver free fibre broadband for all by 2030 if it wins the general election next month in the UK. This would be achieved by bringing parts of BT into public ownership and creating a new British Broadband public service.

Tags: for free deliver broadband

Category: Telecommunications

Alibaba to sell 500 mln new shares in Hong Kong listing

2019-11-15 09:29:00| Telecompaper Headlines

(Telecompaper) Alibaba Group is going ahead with plans for a secondary public offering and listing on the Hong Kong Stock Exchange. The company will sell 500 million new shares, raising around USD 13 billion based on its latest share price. 

Tags: sell listing hong kong

Category: Telecommunications

Labour's plans to nationalise Openreach would be a "disaster" for UK connectivity

2019-11-15 01:00:00| Total Telecom industry news

Labour's plans to nationalise Openreach and provide free broadband connectivity to every home and business in the UK would stifle innovation and place a monumental burden on the tax-payer, according to an industry trade association. techUK, an industry trade group that counts Openreach, BT, Vodafone UK, MLL Telecom and Pure Telecom among its 850 UK members, said that the pledge would have a catastrophic effect on the UK's digital economy…read more on TotalTele.com »

Tags: uk plans disaster connectivity

Category: Telecommunications

Google announces the completion of Curie Cable, connecting US and Chile

2019-11-15 01:00:00| Total Telecom industry news

Google has announced that its trans-Continental Curie cable, which connects Chile with the US, has been successfully installed and tested…read more on TotalTele.com »

Tags: us google cable chile

Category: Telecommunications

Airtel Africa invests $70m in spectrum to boost Nigerian LTE coverage

2019-11-15 01:00:00| Total Telecom industry news

Airtel Africa has confirmed that it will invest $70 million in additional spectrum, to boost its LTE coverage in Nigeria. The company will purchase an additional 10MHz block of spectrum in the 900MHz band from Intercellular Nigeria…read more on TotalTele.com »

Tags: africa coverage spectrum boost

Category: Telecommunications

Ribbon to acquire ECI Telecom for expansion in optical, data markets

2019-11-14 16:28:00| Telecompaper Headlines

(Telecompaper) Ribbon Communications announced an agreement to acquire ECI Telecom, expanding its portfolio with packet-optical transport and SDN/NFV equipment. The company will pay 32.5 million shares of Ribbon common stock and USD 324 million of cash, and ECI stockholders will also receive USD 31 million from ECI's property sale.

Tags: data markets expansion optical

Category: Telecommunications

Rostelecom confirms acquisition of 100% in Tele2 Russia

2019-11-14 14:58:00| Telecompaper Headlines

(Telecompaper) Russian national operator Rostelecom announced that its management board has approved the acquisition of the remaining 55 percent in the mobile operator Tele2 Russia. The deal will enable the operators to join infrastructure and resources for 5G development in the country. Around 70 percent of the purchase price will be paid through share swaps. 

Tags: russia acquisition confirms tele2

Category: Telecommunications

Softbank confirms talks on Line takeover

2019-11-14 09:33:00| Telecompaper Headlines

(Telecompaper) Japanese operator Softbank confirmed it is considering a merger of its internet services unit Z Holdings with the messaging app Line. SoftBank said it is in discussions "regarding various possibilities, including such a merger". Line issued a similar statement, saying no decision had been taken yet. 

Tags: line talks confirms takeover

Category: Telecommunications

Mediaset Spain, Atresmedia fined over EUR 77 mln for anti-competitive conduct in TV ad market

2019-11-14 09:23:00| Telecompaper Headlines

(Telecompaper) Spanish market and communications regulator CNMC has fined the broadcasters Atresmedia and Mediaset Spain a total of EUR 77.1 million for anti-competitive practices in the free-to-air (FTA) TV advertising market, confirming earlier reports. The watchdog launched a formal investigation into possible collusion by the broadcasters in February 2018, with reports at the time suggesting a fine of up to EUR 200 million. That has now been reduced to EUR 38.9 million for Mediaset and EUR 38.2 million for Atresmedia, with the broadcasters also required to modify their business practices within three months to boost competition in the sector.

Tags: tv market eur spain

Category: Telecommunications

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