This week, BT released its financial results for the full year to 31 March 2024. Reported revenue currently stands at £20.8 billion, up 1% from this time last year, as a result of price increases for broadband customers, fibre-enabled product sales in Openreach, and increased revenue in the consumer division.
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AT&T and AST SpaceMobile ink direct-to-device satellite deal
This week, AT&T and AST SpaceMobile have signed a definitive commercial deal to work together in bringing direct-to-mobile satellite communication to AT&T customers.
Virgin Media O2 reaches major milestone with 150 Shared Rural Network sites deployed
Virgin Media O2 has hit another significant milestone in its work to deliver the Shared Rural Network (SRN) after rolling out reliable 4G coverage to 150 rural communities.
Axiata and Sinar Mas discuss $3.45bn Indonesian merger
Indonesian telco Axiata and conglomerate Sinar Mas have entered discussions to discuss a potential merger of their Indonesian telecommunications operations.
Red Sea cable repairs delayed as Yemeni govt probes AAE-1 consortium
This week, reports suggest that the Yemeni government has contacted members of the AAE-1 (Asia-Africa-Europe 1) submarine cable consortium, informing them that they are being probed with regard to ties to the nation’s Houthi rebels.
FCC settles investigations into unauthorized undersea cables
The FCC’s Enforcement Bureau today resolved two investigations into the América Móvil Submarine Cable System, which connects the United States to two additional cable landing stations located in Colombia and Costa Rica, respectively, without the Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector’s (commonly known as Team Telecom) review or the required FCC approval.
US mobile customers harmed by T-Mobile’s Sprint purchase according to report
According to a new report from Rewheel, T-Mobile’s acquisition of Sprint in 2020 has contributed to the exorbitant mobile prices in the US.
Spanish regulators clear Zegona’s acquisition of Vodafone Spain
This week, Zegona’s acquisition of Vodafone Spain has received approval from Spanish regulators. The deal was first confirmed last October.
EXA Infrastructure continues expansion in North America with new route between Ashburn and Atlanta
EXA Infrastructure, the leading digital infrastructure platform connecting Europe to North America, has today announced a further step in enhancing its infrastructure presence in North America with a new route connecting Ashburn and Atlanta.
Investors shorting BT for $300m in twelve-year record
Investors have bet £300 million against BT this week, as the company continues to battle against its declining share price. Banks including BlackRock, Canada Pension Plan Investment Board and hedge funds such as AKO Capital and Kintbury Capital have bet against the company, according to a report from the Financial Times.
4G now covers all stations on the Elizabeth Line
Today, Transport for London (TfL) have announced that all Elizabeth Line stations on the London Underground now have access to 4G or better mobile connectivity.
1&1: 700,000 customers already using our Open RAN network
Alongside the company’s Q1 financial results this week, Germany’s newest mobile operator, 1&1, has revealed that 700,000 customers are making use of its newly built Open RAN network.
Indigo Welcomes EU Recommendations For More Resilient Marine Infrastructure
Indigo, a leading provider of engineering and support services for subsea cabling, welcomes EU recommendations for member states to map submarine infrastructure and to assess risks and vulnerabilities as part of a drive to make subsea cables more secure and resilient.
CityFibre completes acquisition of Lit Fibre
Today, CityFibre has completed its acquisition of Lit Fibre from Newlight Partners, who will remain minority shareholders as per the transaction agreement.
“Perfect storm”: Wildfires knock out services in the Yukon
Last week, ongoing wildfires in Canada’s Yukon territory severed critical fibre lines, leaving customers in parts of the Yukon, British Columbia, and the Northwestern Territories leaving customers unable to communicate or access emergency services.
East Africa suffers major internet outage due to subsea cable break
Countries in East and Southern Africa are currently suffering from an internet outage caused by faults along numerous submarine cables. The cause of the damage is currently unknown.
Australian services unrecoverable after Thuraya satellite breakdown
Thuraya’s satellite phones no longer work in Australia after a “sustained force majeure event” has taken Yahsat’s Thuraya-3 satellite out of action
Bharti Airtel and Google sign Indian cloud deal
Bharti Airtel and Google Cloud have announced a strategic collaboration to offer advanced cloud solutions to businesses in India. The deal will bring new cloud solutions from Google Cloud to Airtel customers, including 2,000 large enterprises and one million emerging businesses.
Unitirreno Subsea Cable System Reaches Significant Milestones on Path to Completion
New submarine cable gets closer to finish line as landing permits are secured;
system qualification attained; and equipment manufacturing underway
Orchest Technologies and DCConnect Expand Automation Partnership
Connecting +80 million access points in Latin America to +6500 endpoints situated in +1000 Data Centers worldwide.
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