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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

The centres creation is partially financed by a grant from the Spanish Space Agency and includes AST SpaceMobile and the University of Mlaga as its key initial partners. These satellites are designed to integrate with mobile networks, allowing regular smartphone users to access satellite connectivity whenever terrestrial connectivity is lost.

Finance 236
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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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Ooredoo lands US$549m financing deal for AI data centre plan

Developing Telecoms

million ) financing deal to help fund its plan to accelerate its data centre business and establish itself as an AI infrastructure heavyweight in the MENA region. Qatar-based Ooredoo Group announced on Tuesday it has signed a QAR 2 billion (US$549.4

Finance 259
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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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North Korea moves to stabilise its e-payments network

Developing Telecoms

North Korea’s Pyongyang Information Technology Bureau is reportedly conducting inspections of the country’s electronic payments network to update equipment and stabilize operations in a drive to boost confidence in the country's transition to digital finance.

Finance 250
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Argentina’s Refefo upgrade finally close to completion

Developing Telecoms

Argentina’s telecoms regulator Enacom has approved extra financing to finish a project undertaken by Argentinian state-owned telecommunications company Arsat to increase the capacity of its fibre optic network.

Finance 261