Mobile phone usage contributes more to the economy in Africa than to any other region in the world, according to new research from the GSM Association (GSMA).
The industry body reckons mobile accounts for more than 6% of Africa’s GDP and expects this figure to rise to about 8% by 2020.
Last year, it says, the mobile industry supported some 3.3 million jobs and contributed $21 billion to public funding in the region, including license fees, but it looks set to employ 6.6 million men and women and contribute $42 billion to public funding by 2020.
With over 100 corporate members now, the Council is a virtual who’s who of Silicon Valley telecom players. And at our holiday cocktail there are no speakers; the only item on the agenda is connecting with each other and building stronger relationships across our industry. We'll bring you together – but you bring the insight and opinions for which Telecom Council meetings are known, and don’t forget plenty of business cards.
Cable company Liberty Global has reported widening losses due to derivative instruments plus higher interest and tax expenses, while the company’s revenues have received a major boost from its acquisition of UK operator Virgin Media earlier this year.
For the three months ending September, the company saw its net loss grow to $830 million from just $22 million in the same period last year.
French telecoms and media conglomerate Vivendi says it has reached a €4.2 billion ($5.67 billion) deal with Etisalat over the sale of its 53% stake in Maroc Telecom.
The transaction still requires sign-off by regulatory authorities but Vivendi (Paris, France) is confident of concluding the sale by early 2014.
The French company describes the deal as a part of its strategy to refocus activities around media and content and away from telecoms.
T-Mobile US Inc, the No. 4 U.S. mobile provider, reported much better-than-expected subscriber growth, outpacing bigger rival AT&T and also putting pressure on other competitors, including market leader Verizon Wireless.
This was the second straight quarter of growth after four years of customer losses at T-Mobile US (Bellevue, WA, USA), which is 74 percent owned by Deutsche Telekom AG (Bonn, Germany). It made inroads against bigger rivals by criticizing them in its marketing and selling itself as more consumer-friendly with cheaper prices and more flexibility.
EE has become the first of the UK’s mobile operators to launch services based on Long Term Evolution-Advanced (LTE-A), the next-generation standard that represents an evolution of the 4G LTE technology now taking off in the UK market.
The network is being rolled out across what is known as London Tech City in the east of the capital and will provide connection speeds of up to 300Mbps, according to EE.
Services are not, however, available on a commercial basis.
Huawei Technologies Co will invest at least $600 million in 5G research over the next four years, the Chinese telecommunications equipment manufacturer said in a statement on Wednesday.
Investment firm PPF Group is on the verge of agreeing a €2.5 billion ($3.38 billion) deal to acquire a controlling stake in Telefonica’s Czech business, reports the Financial Times.
According to sources cited by the UK newspaper, the companies are set to reach an agreement over the next few days.
Telefonica (Madrid, Spain) has been reported to be looking for a buyer of its 66% stake in Telefonica Czech Republic ever since regulatory authorities decided to reserve spectrum in a forthcoming frequency auction for a new entrant to the telecoms sector.
Leap Wireless shareholders have given their seal of approval to a $1.2 billion takeover of the company by mobile giant AT&T.
According to the company’s press release, more than 99% of votes cast were in favor of the transaction, which will boost AT&T’s (Dallas, TX, USA) position in the US prepaid market besides shoring up its spectrum holdings.
Swisscom is building a "Swiss Cloud" that could loosen the grip of U.S. technology giants and attract foreign companies looking for a way to shield sensitive data from the prying eyes of foreign intelligence services.
Companies are increasingly turning to cloud computing - an umbrella term for technology services such as email and business software offered remotely via the Internet instead of on-site - to cut costs and add flexibility to their IT departments.