The New Zealand Commerce Commission has rejected a multi-billion dollar merger deal between Vodafone New Zealand and pay-TV operator Sky, over concerns that the combined companies would have too much market power in the country.
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Hong Kong-based PCCW, the holding company of HKT Group Holdings Limited, the information and communications technology company, reportedly plans to raise HK$8.53 billion ($1.09 billion) through the sale of 840.7 million share stapled units in subsidiary HKT.
South Korean multinational conglomerate Samsung Electronics have made an exciting announcement in relation to its journey towards 5G – following the commercial release of a Radio Frequency Integrated Circuit (RFIC) for the next generation technology.
Huawei announced that it has signed a Memorandum of Understanding (MOU) with DPDHL Supply Chain, the leading mail and Logistics Company, to develop a range of supply chain solutions for customers using industrial-grade Internet of Things (IoT) hardware and infrastructure.
Chinese electronics manufacturer Xiaomi have finally ended months of speculation by officially announcing its intentions to launch in Pakistan with analysts suggesting that this move represents the firm’s ambition to restart its global expansion.
Huawei has officially announced details of a partnership with the largest telecommunications company in the Philippines. The Chinese colossus entered into an agreement with Philippine Long Distance and Telephone Co. (PDLT) in an attempt to combine efforts to roll out a 5G wireless network in the Asian archipelago by 2020.
Australia’s leading telecommunications company Telstra has reported a slump in first half profit - as the combination of increased competition in the market and a shift towards digital have had a significant impact. Its fixed-line and mobile businesses both took a big hit due to the aforementioned factors above, with net profit after tax for the first-half to December 31st also plummeting a sharp 14.4% to AUS$1.79 billion ($US1.38 billion) from the previous period twelve months ago.
Pakistan is reportedly considering the possibilities of using the resources of Azerbaijan’s telecommunications satellite Azerspace-1, according to Azerbaijani Ambassador to Pakistan, Ali Alizade, who told a foreign media outlet.
Taiwan-based HTC posted disappointing Q4 results this month, with analysts suggesting that its hyped up virtual reality (VR) products failed to boost revenue for the smartphone manufacturer. HTC’s revenue from October to December 2016 was down 13.62 percent year on year to Tw$22.2 billion ($720 million).
Singtel delivered a resilient third quarter performance with a strong core business and higher contributions from regional mobile associates. In the core business, ICT revenues grew, bolstered by contract wins by NCS and demand for cyber security services. Higher consumer home services revenue in Singapore and growth in postpaid mobile customer numbers in Australia helped mitigate continued voice to data substitution and roaming revenue declines.