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South Korea’s Largest telecommunications company KT corporation and the South Korean cellular carrier owned by LG Corporation, LG Uplus has acquired small stakes in SK Telecom’s smartphone app market platform ONE store. Both the companies have invested a total amount of 26 billion won (US$23.1 million) for the app. Together the firms bought an aggregate […]
Deutsche Telekom , The German telecommunications company and by revenue the largest telecommunications provider in Europe Announced its year end results. With a record breaking revenue netting up by 25.4% to €100 billion. The telecom company said EBITDA AL jumped up by 41.6% to €35, and by by 7.9% in organic terms. Deutsche Telekom admitted […]
The American multinational conglomerate holding company AT&T has entered in to a deal to sell a minority stake in satellite broadcaster DirecTV . The stake is sold to a private equity group TPG (Texas Pacific Group) which focuses on Leveraged buyouts and growth capital. The equity group TPG will establish a new company, named DirectTV in […]
Taiwan’s largest telecommunication service provider Chunghwa telecom and the cloud gaming solution Gamestream teams up together to launch iOS cloud gaming app. Chunghwa Telecom’s Hami iOS mobile gaming app is powered and developed by Gamestream, a leading B2B cloud gaming Technology Company headquartered in France. The company Chunghwa Telecom recently submitted the Hami 5G iOS app for an […]
The British multinational telecommunications company Vodafone and the Finnish electronics company Nokia has set a record of 100 gigabit per second (Gb/s) with passive optical network (PON) technology delivering network that is 10 times faster than any available network in a single wavelength. Bell Labs, Nokia’s renowned subsidiary has provided innovations for the trial, including […]
The world’s largest semiconductor chip manufacturer Intel invests $475 million into its Vietnam division. Which will help in adopting more advanced technology and move beyond its key central processing unit. Intel Vietnam, gets a 50% increase from previous investments, to manufacture core processors and 5G products, the company said the expansion was to help it […]
KAUST (King Abdullah University of science and technology) the Saudi Arabian university has launched a new international connectivity program which is of 400 Gbps up scaling from the previous 10 Gbps connection speed. This new development will help the researchers of KAUST to work together with their international peers at super-fast speeds. Professor Tony Chan, […]
Singtel, Singapore’s largest mobile operator is advancing with its project to start a digital bank together with Grab, the multinational ride hailing company. Sichin Mittal, Singapore based DBS bank analyst says this joint venture looks like “a strong candidate for a full digital banking license.” Monetary Authority of Singapore, which is a central bank and […]
