6 Aug 2020

Wireless

Pelephone says it is ready to launch 5G as spectrum tender reaches final stage

With Israel’s Ministry of Communications (MoC) having announced the start of the final phase of its tender for 5G-suitable spectrum, local mobile network operator (MNO) Pelephone has claimed it is... more

T-Mobile Puerto Rico completes Sprint rebranding in PR, USVI

T-Mobile Puerto Rico has confirmed that it has followed in the footsteps of its US parent and rebranded all Sprint assets in Puerto Rico and the US Virgin Islands. Jorge... more

IoT Time: Internet of Things digest

The 3GPP 5G smart grid project has been initiated by China Telecom and 27 other 3GPP members including China Mobile, China Unicom, Vodafone, Telefonica, Orange, vendors including Huawei, scientific and... more

Broadband

UFB programme hits 1m connections; govt allocates further NZD50m for rural broadband

The New Zealand government has announced that high speed fibre networks built under the Ultra-Fast Broadband (UFB) programme now pass more than one million households and businesses. ‘This milestone has... more

Corporate/Financial

Telkom and Airtel abandon Kenyan merger plans

Telkom Kenya has announced it has abandoned plans to merge its mobile, enterprise and wholesale businesses with Airtel Kenya, due to ‘challenges experienced in getting all the approvals required to... more

MTN reports strong H1 results despite COVID-19, announces Middle East exit and Africa focus

MTN Group has announced its interim financial results for the six months ending 30 June 2020, delivering a robust set of metrics despite what its president and CEO, Rob Shuter... more

LLA 2Q20 revenues plunge 13.6%; announces USD350m rights offering to fund Costa Rica deal

US-based Liberty Latin America (LLA) has reported revenue of USD849 million for the three months ended 30 June 2020, down 13.6% on an annualised basis, from USD983 million in 2Q19.... more

VEON’s Q2 revenues fall 16.3% in USD terms

Multinational telecoms group VEON has reported its results for the quarter ended 30 June 2020, in which it highlighted that COVID-19 lockdowns across its markets put pressure on operational and... more

PLDT 1H20 earnings rise despite economic slowdown

The Philippines’ largest integrated telecommunications company PLDT Inc. reported that net income in the first half of the year climbed 1% to PHP12.28 billion (USD250.5 million) from PHP12.21 billion in... more

Ethio Telecom reports 31% increase in full year revenue

Ethio Telecom has reported a total turnover of ETB47.7 billion (USD1.35 billion) for its financial year ending 30 June 2020, representing year-on-year growth of 31.4%. According to the operator, the... more

Dialog Axiata reports flat Q2 results

Sri Lankan operator Dialog Axiata reported revenue of LKR28.2 billion (USD153.5 million) for the April-June 2020 quarter, compared to LKR29.1 billion in the corresponding period of 2019, noting that the... more

COVID-19 impacts sales at HKT; signs 78,000 5G subs in three months

Hong Kong fixed and mobile operator HKT, which is part of the PCCW group, has registered a 1% drop in total revenue excluding mobile handset sales in the first half... more

Q2 sales down 3% at OTE

OTE Group of Greece has reported revenues of EUR918.2 million (USD1.1 billion) for the second quarter of 2020, down 3.0% year-on-year. Lockdown in Greece was behind an 8.8% decline in... more

RCOM rejects Supreme Court allegations

Bankrupt telco Reliance Communications (RCOM) has responded to allegations from the Supreme Court that its insolvency proceedings were intended to avoid paying dues related to the reclassification of Adjusted Gross... more