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Somalia’s NCA, IFC to revamp submarine cable landings

Developing Telecoms

The National Communications Authority of Somalia (NCA) partnered with the International Finance Corporation to prepare new regulations for submarine cable landings aimed at bolstering Somalia’s connectivity sector.

Cable 319
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Ukraine’s newest telco to receive $435m investment from EBRD, IFC

Total Telecom

News The move is the largest direct foreign investment in Ukraine since the war began This week, the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have confirmed they will jointly invest $435 million into Ukraine’s newest converged telco.

Finance 273
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BT says Labour’s budget will cost company £100m 

Total Telecom

This was “primarily due to lower revenue, higher specific costs and higher net finance expenses,” the company explained. The UK incumbent reported a 3% decline in revenue, primarily driven by issues in non-UK operations and a competitive retail environment. Reported profit before tax sits at £1 billion, down 10%.

Telecoms 269
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TIM receives €700m bid for Sparkle 

Total Telecom

If accepted, the deal could significantly reduce TIM’s debt burden and provide the company with the financial flexibility to invest in its core operations and future growth.

Finance 210
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HS2 project could boost rural broadband, new analysis reveals 

Total Telecom

As part of the railway deployment plan for HS2, mobile and broadband providers would be offered access to spare capacity in the 2,000km of fibre cabling and 80 telecoms masts being constructed alongside the railway, which will connect London and Birmingham.

Broadband 255
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The intelligent revolution: Making the digital economy intelligent

Total Telecom

From the manufacturing sector to the finance industry, the use of AI is helping enterprises to leverage more data points than ever before, driving efficiencies through automation and generating novel – and more personalised – services and revenue streams. Digital and intelligent transformation should not be a privilege for the few.

Marketing 172
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NCTA Warns 60-Day Phone Unlocking Rule Could Fuel Billions in Fraud

Broadband Breakfast

22, 2024 – A major cable industry group is warning that a proposed 60-day mobile phone unlocking standard could open the door to billions of dollars in fraud. NCTA cited a study by the Communications Fraud Control Association , which found that global telecom companies lost $3.25 WASHINGTON, Oct.

Phone 104