The acquisition will create a second largest investment bank in Egypt. Sawiris acquired CI Capital Holding with its investment arm, Orascom Telecom Media and Technology.
Two of India's largest telecom operators Bharti Airtel and Idea Cellular have an increase revenue market share in 2015. However, Morgan Stanley predicted the companies will face substantial challenge in 2016.
AT&T on Monday announced its intention to spend about $10 billion in order to provide its "integrated solutions" for enterprises globally. The company is also testing its 5G broadband services at enterprises and homes.
5G has become the highly anticipated high speed data transfer to support Internet of Things. On Sunday, Nokia CEO said that some part of the fifth generation network could be available sooner.
AT&T team up with Intel to test drone technology and adds 4G LTE on drones connectivity. The companies will showcase their work in Barcelona, Spain at the Mobile World Congress trade show.
Wavecell is a startup company that focused on providing cloud communcation service. The company has just received its Series A Funding led by Qualgro Asean Fund.
Columbia Capital closed its sixth fund on Tuesday. The firm will target internet infrastructure, mobile technology and cloud service.
Along with reporting its fourth quarter performance, France telecommunication company Orange SA also report the acquisition plan. The company needs more weeks to have approval from antitrust authorities.
The Japanese telecom giant, SoftBank, has announced buyback of shares amounting to $4.4 billion, its biggest repurchase ever. This move is a desperate attempt by the company to regain its footing after its shares plunged to an all-time low following the company's overseas investment in US mobile operator, Sprint.
UK-based Vodafone and US cable group firm Liberty Global are combining their operations in Netherlands market to float a joint venture. The combined JV is expected to be operational by end of 2016. Vodafone has agreed to pay €1 billion (£770 million) after excluding Ziggo's net debt of €7.3 billion.
Google made a big investment last year to SpaceX, as a mean to help the company build space-based internet communication system. Meanwhile, SpaceX is scheduled to launched by February 24.
The possible entry of a fourth mobile operator in Singapore due to the country's decision to auction radio frequency has caused much disquiet among the existing telecom operators. Among them, Singtel CEO has been most vocal about this decision, stating her concern about the market getting too focused on price leading to profit reductions and dividend cuts, leaving no scope for innovation.
The demand for effective public safety communications has been increased dramatically. Samsung has announced to provide the Korean Public Safety Network using LTE technology. The technology will allow people to get connected in extreme emergency situation. The PS-LTE solutions will be exhibited at the Exhibit Hall 2 Stand 2M10 during Mobile World Congress 2016.
There is a ranking released by the financial information company Sageworks, which lists 15 businesses that are considered as the most profitable. These businesses are proven to gain more revenues compared to the others, and are good recommendations for new beginners.
It was confirmed by Verizon CEO Lowell McAdam that Verizon is interested in acquiring Yahoo. The Internet search company had difficult times in the past years as many other companies had their market share in the online and mobile business. This promts Yahoo to reconstruct its business including cutting jobs.
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