Telecoms finance

Czech unit of Deutsche Telekom, others propose to settle EU antitrust charges

By Foo Yun Chee BRUSSELS (Reuters) – The Czech mobile unit of Deutsche Telekom, 02 Czech Republic and Czech telecommunications infrastructure provider Cetin have offered concessions to settle charges of restricting competition, the company’s antitrust regulators said on Friday. EU. Companies would avoid a possible fine and a finding of …

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Africa: Masiyiwa optimistic about prospects for data centers in Africa, plans 10 mega-installations in continent’s largest cities

Liquid Intelligent Technologies has opened its fifth mega data center in South Africa, as it doubles its continental leadership in the growing data center sector where it aims to build 10 data centers in Africa’s largest cities . Details of the latest project were revealed in a Facebook post from …

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Telecommunications Department asks Vodafone Idea, Airtel to pay Rs 3,050 crore in 3 weeks, Telecom News, ET Telecom

New Delhi: The Ministry of Telecommunications (DoT) warned Vodafone Idea and Bharti Airtel to pay Rs 3,050 crore in cumulative penalties within three weeks for violating license conditions by denying Reliance Jio Infocomm interconnection points ( PoI) adequate in 2016, which affected the quality of services. This comes shortly after …

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Japanese e-commerce giant Rakuten to list online banking, Telecom News, ET Telecom

By Makiko Yamazaki and Sam Nussey TOKYO: Japan’s e-commerce company Rakuten Group Inc said on Thursday it was preparing to list its online banking unit, raising funds as it absorbed losses incurred while building its mobile communications network in low cost. Rakuten Bank Ltd’s planned initial public offering (IPO) will …

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Coronavirus Squeezes African Brands’ Value By $ 5.5 Billion As MTN Dominates Region | The Guardian Nigeria News

• NCC charges telecom consumers on October 31, deadline for NIN-SIM integrationCOVID-19 has reduced the value of Africa’s 150 biggest brands by $ 5.5 billion in 2021, creating uncertainty and affecting the ability of brands to do business as usual. This is according to the new 2021 ratings from Brand …

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FinAccel raises additional investment in PIPE and appoints new board of directors for Kredivo’s Indonesian operations

JAKARTA, Indonesia and CHICAGO, September 29, 2021 / PRNewswire / – Following the announcement of its business combination last month, three of FinAccel’s existing investors – MDI Ventures, Cathay Innovation and Endeavor Catalyst are also investing directly in PIPE (private investment in public capital), taking of PIPE’s total commitments for …

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Tesla and Apple Now Target 2022 to Strengthen Manufacturing History in India, Telecom News, ET Telecom

New Delhi: The two major investments in India this year – Tesla and Apple – that were to make the country a brand on the world map and end reliance on China-led investments in the technology and automotive, has been somewhat delayed due to the pandemic and the global chip …

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Mixing chalk and cheese: assembling a government for Germany

German Finance Minister, Vice-Chancellor and SPD party candidate for Chancellor Olaf Scholz arrives for a meeting with his party’s parliamentary group in Berlin, Germany, September 28, 2021. Tobias Schwarz / Pool via REUTERS BERLIN, Sept.28 (Reuters) – Whether the Social Democrats’ Olaf Scholz or a Tory becomes the next German …

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Telefonica España and Oracle announce collaboration to accelerate cloud adoption

Telecommunications giant migrates databases to Oracle Exadata Cloud @ Customer to consolidate critical business systems and develop next-generation communications services MADRID and AUSTIN, Texas, September 27, 2021 / PRNewswire / – Oracle and Telefonica España today announced a multi-year collaboration to accelerate the adoption of the cloud by the telecommunications …

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Signal Messaging Platform ‘Completely Backs Up’, Resolves Hosting Outage, Telecom News, ET Telecom

Encrypted instant messaging platform Signal said on Monday it had completely fixed the issues, after several users were affected by a hosting outage. “We are fully 100% operational again. Everyone enjoy the rest of the week! Signal said in a tweet Monday. Reports from affected users peaked at more than …

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