Telecoms

Sweden should reverse its ban on Chinese telecommunications companies Huawei and ZTE from a planned 5G spectrum auction to avoid a “negative impact” on its own companies, said China’s foreign ministry. “China expresses strong dissatisfaction with Sweden,” said foreign ministry spokesman Zhao Lijian, speaking at a regular news briefing in Beijing on Wednesday. The Swedish
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Finnish telecoms equipment maker Nokia on Wednesday unveiled a five-year strategic tie-up with Google for the US giant to run its data centres and servers as well as numerous software applications through the latter’s Google Cloud. The partnership, which comes as 5G services are being rolled out across Europe, is designed to “transform Nokia’s digital
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A business group representing challenger telecoms operators in Europe warned on Friday against banning Chinese equipment vendors, saying that doing so for political reasons would force up costs and delay network upgrades. In a strongly-worded statement, the European Competitive Telecommunications Association (ECTA), said it “denounces any bans of Chinese 5G suppliers for geopolitical reasons and
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Jio added 35.54 lakh subscribers in July 2020, while Vi (Vodafone Idea) lost 37.26 lakh subscribers, according to data released by telecom regulator TRAI. Bharti Airtel, meanwhile, added 32.6 lakh subscribers, BSNL 3.88 lakh subscribers, and MTLN lost 5,457 subscribers. This makes Reliance Jio the first mobile services provider to cross the 40 crore customer
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Chinese telecom giant Huawei is finding it harder to counter US sanctions designed to choke off its access to semiconductors but can continue to serve European 5G network clients, a senior European executive told an Austrian newspaper. The world’s biggest maker of mobile telecommunications equipment and smartphones was still “looking for a solution” to help millions
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A Canadian judge has refused Huawei executive Meng Wanzhou’s request to access a number of confidential documents, dealing a fresh blow in her fight against extradition to the United States. Meng, the Chinese telecom giant’s chief financial officer, was arrested on a US warrant in December 2018 during a stopover in Vancouver. She is charged
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Chinese chipmaker Semiconductor Manufacturing International Corporation (SMIC) has undertaken “preliminary exchanges” with the US Bureau of Industry and Security regarding export restrictions, the company said on Sunday in a filing. “The Company is conducting assessments on the relevant impact of such export restrictions on the company’s production and operation activities,” the filing to the Hong
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China must engage in a new “long march” in the technology sector now that the US has imposed export restrictions on Semiconductor Manufacturing, the country’s largest chip manufacturer, Chinese state-backed tabloid the Global Times wrote on Sunday. The unnamed author of an op-ed in the paper argues that the US’ dominance of the global semiconductor
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Tesla Chief Executive Officer Elon Musk plans to list SpaceX’s space internet venture, Starlink, several years in the future when revenue growth is smooth and predictable. “Public market does *not* like erratic cash flow haha,” the billionaire entrepreneur tweeted on Monday. We will probably IPO Starlink, but only several years in the future when revenue
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Reliance Industries and Reliance Retail Ventures Limited (RRVL) announced on Wednesday that co-investors of Silver Lake will invest an additional Rs. 1,875 crores into RRVL, a subsidiary of Reliance Industries. The aggregate investment by Silver Lake and its co-investors in RRVL now adds up to Rs. 9,375 crores, which will translate into a 2.13 per
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Japan’s Nippon Telegraph and Telephone said it will spend JPY 4.25 trillion (roughly Rs. 2,96,637 crores) to take its wireless carrier business private, in a deal that opens the path to lower prices as the government calls for cuts. NTT will launch Japan’s largest-ever tender offer for the 34 percent of NTT Docomo stock that it does not own,
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The United States has imposed restrictions on exports to China’s biggest chip maker SMIC after concluding there is an “unacceptable risk” equipment supplied to it could be used for military purposes. Suppliers of certain equipment to Semiconductor Manufacturing International Corporation will now have to apply for individual export licenses, according to a letter from the
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Canada’s BlackBerry posted a surprise 6 percent rise in quarterly revenue on Thursday, as sales of its security software product rose and its patent licensing business strengthened. US-listed shares of BlackBerry, which sells security software to companies and governments as well as infotainment software to carmakers, rose 6 percent in early morning trade. BlackBerry’s QNX car
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