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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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
The Qatari multinational telecommunications company Ooredoo Group and multinational conglomerate CK Hutchison to merge their Indonesian Businesses to Create a New World-Class Digital Telco for Indonesia. Both the companies has announced the signing of definitive transaction agreements for the proposed merger of their respective telecommunications businesses in Indonesia, The merged company will be named PT […]
The Japanese innovation company Rakuten Group to acquire wireless software Innovator Altiostar for more than $1 billion. Both the companies will partner to accelerate deployment of software-centric, virtualised services for the mobile industry across the globe. Altiostar’s 4G and 5G open virtual Radio Access Network (Open vRAN) solutions are speeding up the telecommunications industry’s ideal […]
The Billionaire Elon Musk all set to invest $30 billion to keep Starlink in orbit. It is currently operating in about a dozen countries and has just over 69,000 active users. The Tesla Inc CEO and founder of SpaceX, a rocket ship venture that seeks to colonise Mars, said investment costs before Starlink achieves fully […]
The Teleco companies Telenor , Axiata and Digi sign merger agreements of Celcom and Digi brand which will serve 19 million customers. Axiata and Telenor will be equal partners with 33.1 percent ownership stake each in MergeCo, and MergeCo will continue to be listed on Bursa Malaysia Securities Berhad (“Bursa”). Targeted to be among the […]
