Last week saw TIM once again lower its guidance for the second time straight, as a difficult financial year continues for the Italian giant. Facing increasing domestic competition from rivals and the huge costs of large-scale deployments of 5G and fibre, the company is languishing under €22 billion in net debt and shares have slumped to a one year low.
Speaking about the high level of market competition in the company’s earnings call, CEO Luigi Gubitosi said that it was high time customers should pay more for quality connectivity…
Viasat to acquire Inmarsat for $7.3bn
Today, Viasat has announced that acquisition of Inmarsat for $7.3 billion, giving its global broadband and narrowband networks a major boost both in terms of the number of satellites as well as available spectrum.
The deal comprises around $850 million in cash, $3.1 billion in equity to Viasat, and the assumption of around $3.4 billion in debt.
The move will see the two companies combine their terrestrial and satellite assets…
Lockheed Martin and Verizon to advance 5G innovation for US Dept. of Defense
Verizon and Lockheed Martin have signed an agreement to collaborate on 5G.MIL™ technologies that will provide ultra-secure, reliable connections for U.S. Department of Defense systems, bringing together high-tech platforms into a cohesive network spanning air, land, sea, space and cyber domains.
“Verizon is at the cutting edge when it comes to building out reliable…
BT looks to civil engineering robotics to speed up fibre rollout
The UK fibre rollout is progressing at a startling pace, racing towards the government’s gigabit Britain goals of 85% coverage of full fibre by 2025. But despite the rollout acceleration we have seen over the last few years, deploying this crucial infrastructure remains a challenge, especially in areas with more complicated geography or regulations.
With the easy-to-reach areas around the country quickly becoming saturated…
$1.2tn infrastructure bill will see $65bn US broadband boost
Late on Friday, the House of Representatives approved President Joe Biden’s $1.2 trillion infrastructure bill, passing the legislation with a vote of 228 to 206.
The bill’s journey towards becoming law has been a bumpy one, facing opposition from both sides of the political fence. Naturally, the majority of Republican representatives opposed the bill, dubbing it as an excessive use of taxpayer money and a slippery slope towards ‘big government’. Nonetheless, 16 Republicans did ultimately support the bill.
Meanwhile, a faction of the more left-wing Democrats thought that the bill did not go far enough…
$1.2tn infrastructure bill will see $65bn broadband boost
Late on Friday, the House of Representatives approved President Joe Biden’s $1.2 trillion infrastructure bill, passing the legislation with a vote of 228 to 206.
The bill’s journey towards becoming law has been a bumpy one, facing opposition from both sides of the political fence. Naturally, the majority of Republican representatives opposed the bill, dubbing it as an excessive use of taxpayer money and a slippery slope towards ‘big government’. Nonetheless, 16 Republicans did ultimately support the bill.
Meanwhile, a faction of the more left-wing Democrats thought that the bill did not go far enough…
IBM spins off digital transformation services as a separate business
The ringing of the Opening Bell at the New York Stock Exchange marked the start of Kyndryl existence as a separate business to IBM and the journey for what claims to be the world&rsquo…
20 years of driving connectivity in Somalia
2022 marks the twentieth anniversary of the founding of Hormuud Telecom, Somalia’s largest broadband and telecommunications provider. In 2002, Somalia was just emerging from a protracted civil war. Hormuud Telecoms was established in the heart of Mogadishu, with a group of small shareholders and just 16 telecommunication sites. Twenty years on, the company continues to see exponential growth, driven by one core purpose: to deliver products and services that bring value to customers and improve the lives of the communities they serve and support.
Now, Hormuud is the largest private employer in the country, with over 800 customer service centres in both urban and rural Somalia, and operations in South and Central Somalia…
Deutsche Telekom forms joint venture with IFM to accelerate FTTH roll-out
Deutsche Telekom has announced a 50-50 joint venture with IFM, an Australian investment firm, to create GlasfaserPlus GmbH.
IFM will invest through its IFM Global Infrastructure Fund and its 50% stake will be worth 0…
FCC concludes Boeing’s satellite broadband ambitions are in the public interest
The Federal Communications Commission (FCC) order states “we conclude that grant in part of the Boeing Application will serve the public interest” FCC Chairwoman Jessica Rosenworcel went on to say &ldquo…