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Telecom

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Oneweb and Q-Kon

Five-year agreement signed by One Web and Q-Kon Africa

In order to provide broadband connectivity services in African nations, OneWeb has struck a distribution deal with Q-KON Africa, a specialised technology firm that offers solutions based on satellite, wireless, and VoIP technologies. Through their satellite broadband service, Twoobii, Q-KON Africa consistently and successfully connects “off-grid” sites to core networks across Africa. Customers of Q-KON […]

Vandana Srinivas2 min read
Yahsat and Hub71

Hub71 and Yahsat team up to advance UAE’s mobile satellite capabilities

Al Yah Satellite Communications, more often referred to as Yahsat, and Hub71, Abu Dhabi’s global technology ecosystem, have partnered to advance the advancement of new technology in the satellite communications sector. Together, the two organisations will search for start-ups that could boost satellite communication technology and advance the UAE’s space economy. According to Hub71, Yahsat […]

Vandana Srinivas2 min read
SpaceX and T-Mobile

T-Mobile and SpaceX to establish connectivity partnership

The firms revealed plans on Thursday to link customers’ mobile phones directly to satellites in orbit by using Elon Musk-owned SpaceX’s Starlink satellites to give mobile users with network access in some areas of the United States. Musk announced the new plans at a flashy event on Thursday at his company’s south Texas rocket facility. […]

Vandana Srinivas2 min read
Foxconn in Vietnam

Foxconn to invest $300 Million in Northern Vietnam

According to official state media of Vietnam, Apple supplier Foxconn has agreed to spend $300 million with Vietnamese developer Kinh Bac City to expand its facilities in the north of the country in order to diversify and increase production. The action comes in response to a story this week claiming that Foxconn has begun producing […]

Vandana Srinivas1 min read
Mukesh Ambani family

Indian billionaire Mukesh Ambani sets succession plan in motion

The 65-year-old billionaire Mukesh Ambani has begun the early phases of succession planning at his energy-to-technology giant Reliance Industries Ltd, designating two of his children as the chiefs of major companies in his $217 billion empire. Akash Ambani, the 30-year-old son of Reliance Industries Ltd (RIL) chairman Mukesh Ambani, was chosen chairman of Reliance Jio […]

Vandana Srinivas2 min read
chip shortage

Global chip shortage hurts tech and automotive industry alike

Due to a persistent shortage of chips and other essential ingredients, some of the world’s largest tech and automotive businesses have had to reduce their goals for this year. Last year, roughly 540 metric tons of neon were consumed globally, primarily in semiconductor fabrication. Ingas and Cryoin, two Ukrainian enterprises, produce 45% to 54% of […]

Vandana Srinivas2 min read

Viasat to acquire Inmarsat in $7.3 billion transaction

The global communications company Viasat to acquire mobile satellite communications service provider Inmarsat for $7.3 billion in a definitive agreement comprising of $850 million in cash and 46.36 million shares of Viasat common stock valued at $3.1 billion. The combination of both the companies will enable the availability of advanced new services in mobile and […]

Shyam Dev2 min read

Millicom to completely acquire Tigo Guatemala for $2.2 billion

The telecommunications and media company millicom has announced that it will completely acquire Tigo Guatemala for $2.2 billion in cash. The conclusion of the transaction is that Millicom will own a 100% equity interest in Tigo Guatemala. The transaction is expected to gradually improve Millicom’s cash flow and net income and will increase Millicom’s equity […]

Shyam Dev2 min read
BT

Telstra buys South Pacific telco operator Digicel

The Australian telecommunications company Telstra to buy South Pacific telco operator Digicel for $1.9 billion from Denis O’Brien, Irish billionaire. The company Telstra will own around 100 per cent of the new entity as part of the $US1.6 billion ($2.1 billion) deal, which will be completed within six months. The sale follows almost a year […]

Shyam Dev2 min read
BT

Du and Edge sign MoU for integrated telecommunications support

The UAE based telecommunications company Du signs MoU with Edge for integrated telecommunications support. The MoU (Memorandum of Understanding) was finalised between two parties at a virtual ceremony ensuring that Du will provide cutting-edge and value-added telecommunications services to EDGE Group and its employees. Under the agreement, Du will have to ensure EDGE Group is […]

Shyam Dev2 min read
IHS Towers

IHS Holding attempts for $7bn Initial Public Offering in U.S.A

The largest independent owner of shared telecommunications infrastructure in the Africa, IHS Holding attempts for $7bn Initial Public Offering in U.S.A. The company has commenced an initial public offering of 22,500,000 ordinary shares, 18,000,000 of which are being offered by IHS Towers and 4,500,000 of which are being offered by certain selling shareholders. The underwriters […]

Shyam Dev2 min read