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U Mobile secures financing from CIMB for second 5G network

Developing Telecoms

Malaysian telco U Mobile announced on Wednesday it has signed a Memorandum of Understanding (MoU) with CIMB Bank to extend financing support for its upcoming 5G network rollout.

Finance 264
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Vodafone and AST SpaceMobile to open research hub in Málaga

Total Telecom

News The Innovation Centre is supported by a grant from the Spanish Space Agency and will allow partners to test solutions combining satellite and mobile connectivity Vodafone has this week announced the creation of a new innovation centre in Mlaga, Spain, aimed at better integrating satellite and terrestrial mobile communications.

Finance 235
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Spectrum auction urged to remove Chinese telecoms equipment

Telecoms Tech News

Outgoing FCC Chairwoman Jessica Rosenworcel is calling for a quick spectrum auction to finance the removal and replacement of Chinese telecoms equipment. The issue has been thrust back into the spotlight following the Salt Typhoon revelations that found Beijing-linked threat groups had compromised US telecoms networks.

Telecoms 283
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Axian Telecom secures US$100 million from EIB to invest in Madagascar and Tanzania

Developing Telecoms

Axian Telecom is set to receive a financing package of US$100 million from the European Investment Bank (EIB Global) to help expand its mobile broadband infrastructure across Madagascar and Tanzania.

Telecoms 222
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USSD service boosts Nigerian mobile transaction options

Developing Telecoms

PalmPay has announced the launch of its USSD code, a service that offers Nigerians an additional way to manage their finances without the need for internet connectivity.

Finance 269
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Hormuud bolsters mobile money platform with bank partnerships

Developing Telecoms

Hormuud Telecom strengthened its EVC Plus mobile money platform by making it interoperable with MyBank and Agro Bank, with plans to onboard more banks in 2025.

Platform 243
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Gigs Raises $73 Million To Enable Tech Companies To Launch Their Own Mobile Service

Total Telecom

SAN FRANCISCO, 12th of December 2024 Gigs , the operating system for mobile services, today announced that it has raised a $73M Series B led by Ribbit Capital. This will enable more tech brandsto meaningfully innovate in telecom, provide more value to their customers,and tap into a new recurring revenue stream.

Mobile 242