Omantel Partners with byanat to Foster Data Analytics Solutions for Telecommunications Sector
In a significant move to bolster data analytics solutions for telecommunications operators and service providers, Omantel has invested in Byanat’s Seed Funding Round. The collaboration aims to expand the provision of a software-as-a-service (SaaS) analytics platform that empowers businesses in scaling and maintaining connected infrastructure effectively. This investment comes as part of Omantel’s commitment to nurturing Omani startups and driving regional innovation and technology.
Telecom Italia issues third profit warning in a year
Telecom Italia (TIM) (TLIT.MI), facing a takeover approach from U.S. fund KKR (KKR.N), has cut the 2021 earnings forecast for its domestic business due to lower-than-expected fixed line revenue from its partnership with DAZN to screen Italian soccer.
Analysis: KKR’s Telecom Italia approach may call time on Italy discount
A $12 billion takeover proposal for Telecom Italia by private equity giant KKR has highlighted an ‘Italian discount’, which a surge in investor interest and a European fund aimed at supporting its struggling economy could help narrow.
Nokia to team up with YADRO to build 4G, 5G base stations in Russia
Nokia (NOKIA.HE) and Russia’s YADRO plan to set up a joint venture to build 4G and 5G telecom base stations in Russia, the two equipment makers said on Wednesday, as a deadline for building networks using only Russian equipment approaches.
Coop, other ransomware-hit firms, could take weeks to recover, say experts
Computer systems of several companies across the world, including 800 physical grocery stores of Sweden’s Coop, that were shut down after attacked by REvil ransomware could take weeks to recover, cyber security experts said.
Orange to launch experimental 5G network amid telecom rush to the cloud
Orange (ORAN.PA) said on Wednesday it will launch an experimental 5G network using a cloud-based open platform and artificial intelligence in July, as the telecom industry rushes to shift services onto the cloud in a bid to cut costs and modernise.
HK tycoon Jimmy Lai’s Next Digital to stop operating from July 1 -memo
Hong Kong media group Next Digital (0282.HK), owned by jailed tycoon Jimmy Lai, will cease operating from July 1 after the company’s assets were frozen as part of a national security investigation, according to an internal memo seen by Reuters.
With cloud and AI, IBM broadens 5G deals with Verizon and Telefonica
IBM (IBM.N) will offer telecom operators Verizon (VZ.N) and Telefonica (TEF.MC) new services ranging from running 5G over a cloud platform to using artificial intelligence, the U.S. technology company said on Monday.
Britain’s biggest investor drops AIG, others from some funds over climate
Legal & General Investment Management, Britain’s biggest asset manager, said on Tuesday it would drop four companies from a number of its funds over their “insufficient” response to the challenge of climate change, including U.S. insurer AIG (AIG.N).
Samsung bets on Europe 5G orders to grow network equipment business
Samsung Electronics (005930.KS) is banking on Europe to maintain growth momentum in its network equipment business, a senior executive said, as 5G rollout widens and industry leader Huawei Technologies of China focuses on its domestic market.
