Nokia's Alcatel-Lucent Acquisition Prompts Worlwide Job Cuts
Venezuelan telecom sector is reeling under pressure as it lacks additional funds availability, the physical currency of dollars. The cash-strapped telecom companies are unable to strengthen their networks. The soaring inflation doesn't allow them to raise a tariff.
Kuwait telecom major Zain has decided to invest in technology firms that boost the weakening margins following the sluggish subscriber numbers and drop in revenues. As part of its investment strategy to boost margins, Zain will invest in two digital advertising companies. Zain is also focusing on smart city projects, online advertising, and television services.
The U.S. National Association of Manufacturers on Wednesday wrote to congressional and Federal Communications Commission leaders to oppose potential stricter regulations for Internet service providers.
The battle over Brazil's telecoms market is heating up, with the country's biggest fixed-line firm Oi signaling it may make an offer for Telecom Italia's local mobile business.
Asia's richest man, Li Ka-shing made several investments in Europe which are now starting to pay off.
According to Experian, telecom M&A are doing well in the UK.
The Indian government started the clearance of tech investments in the country.
Sergeyevich Ivanov joined Altimp's international advisory board.
Tech Valley Communications announced the hiring of Robert Cochran as its new senior director of sales engineering.
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