Enterprise Ecosystems

Latvian network operator Latvijas Mobilais Telefons (LMT) has set up a 5G mobility innovation testbed at the Bikernieki racetrack in the capital city of Riga.

Namibia's largest telecommunications company, Mobile Telecommunications Limited (MTC Namibia) is set to list on the Stock Exchange (NSX) by the end of November 2021 and 367.5 million shares are to be made available to the general public, MTC chairperson Theo Mberirua said.

Philippines' largest publicly-listed telco Globe Telecom said its diversification into non-core businesses was bearing fruit, allowing it to move beyond traditional telecommunications and transform the company into a “digital solutions group.”

Saudi Telecom Company (STC), the provider of telecommunications services in the Kingdom of Saudi Arabia, said that its internet-services unit Arabian Internet and Communications Services Company is seeking to raise as much as 3.62 billion riyals (USD 966 million) from an initial public offering (IPO) in Riyadh.

Digital infrastructure products provider Vertiv announced a distribution agreement with the US IT services company Ingram Micro covering the Middle East and North Africa (MENA) distribution markets.

India’s second-largest wireless telco Bharti Airtel's CAPEX to increase to about US$5 billion in FY 2022 from $4.6 billion in FY 2021, global rating agency Fitch said.

Globe Telecom, a major provider of telecommunications services in the Philippines announced that it has signed for financing worth PHP13 billion (USD261.8 million) with the Metropolitan Bank & Trust Co (PHP10 billion) and the Bank of the Philippine Islands (PHP3 billion).

Mobile TeleSystems (MTS), the largest mobile network operator in Russia, has proposed spinning off its infrastructure assets, an idea it's taking to shareholders.

Chinese multinational technology company Huawei Technologies has teamed up with the Brazilian National Service for Industrial Training (Senai) to open a professional training and certification lab for the ICT and telecom sectors in Cachoeiro de Itapemirim (Espirito Santo).

Indian wireless carrier Bharti Airtel announced it plans to raise INR 210 billion ($2.86 billion) via a sale of shares to existing shareholders as it builds a war chest to prepare for the launch of 5G services.

Hungarian IT company 4iG has signed a preliminary agreement with the Minister for the Management of National Assets on gaining a majority stake in state-owned telecom infrastructure company Antenna Hungaria (AH) through a capital increase.

South Africa's Competition Commission has unconditionally approved the merger of ISPs Afrihost and Cool Ideas.

Brazilian Internet broadband services provider Vero SA has filed for an initial public offering (IPO) at the Securities and Exchange Commission (CVM).

China United Network Communications Group (China Unicom) is considering a proposed spin-off and separate listing of China Unicom Smart Connection Technology Ltd in the mainland China stock exchange.

Russia's biggest mobile operator Mobile TeleSystems (MTS) reported a profit jump in the second quarter - its group net profit increased 46.5% to 17.2 billion roubles ($232 million).

Vodafone Ukraine, the second-largest mobile operator in Ukraine, is all set to acquire a stake of over 50% in Farlep-Invest, which runs Vega Telecommunications.

Brazilian Internet Service Provider (ISP) Desktop Sigmanet (Sigmanet Comunicação Multimídia SA) has acquired Net Barretos, a small-scale broadband provider that serves the interior of Sao Paulo.

Partner Communications Company, formerly Orange Israel, has reported a 9% year-on-year increase in total turnover for the three months ended 30 June 2021, with the company seeing increases in both service and equipment revenues.

Brazilian telecommunications company Algar Telecom has completed the purchase of 100% of the share capital of Vogel Telecom. The operation was announced in May this year.

The multinational conglomerate CK Hutchison Holdings announced that it has agreed with the Indonesian telecommunications provider Indosat Ooredoo to extend the period to pursue negotiations on a potential transaction to combine PT Hutchison 3 Indonesia, a subsidiary of the Company, and PT Indosat TBK, a subsidiary of Ooredoo, on an exclusive basis. 

Brazilian manufacturer and provider of optical solutions serving the network operators, IT, and multimedia, Padtec reported operating revenue of BRL 119.6 million for 2Q 2021, an increase of 38.8 percent on the previous quarter and 86.3 percent year-on-year.

The mobile phone operator of Turkey, Turkcell Iletisim Hizmetleri A.S. announced that it has posted robust financial performance despite the impact of the pandemic for the second quarter (2Q) ended June 30, 2021.

Spanish technology services company Lleida.net has signed contracts with the postal operators of five African countries to provide them exclusively with digital postal services and registered electronic communications technology.

China Mobile reported a 6% year-on-year rise in net profit for the first half of 2021, buoyed by a new 5G users and improving average revenue per user.

Bezeq, Israel's largest telecoms group, has approved plans to spin off Bezeq International's ICT business activities into a separate corporation.

African behemoth in telecommunications, MTN, and compatriot financial services giant Sanlam are joining forces to offer insurance products to the telecommunications operator’s hefty subscriber base on the continent, where relatively few have a insurance cover.

China Tower Corporation, which claims to be the world’s largest telecommunications infrastructure service provider, announced that during H1 2021 its net profit grew 16.1% year-on-year to CNY3.45 billion ($532.6 million) while operating revenue increased 7.2% to CNY42.67 billion.

Russian telecommunication holding company ER-Telecom has acquired 100% of the united group of companies Avantel for an undisclosed fee.

The state-owned Chinese telecommunications company China Telecom reported its net profit for the first half of 2020 has hit 13.95 billion yuan ($2.01 billion), increasing 0.3 % from a year earlier.

India's Reliance Jio is weighing a bid for Deutsche Telekom AG’s Netherlands subsidiary, according to media reports.

China Telecom, one of the country's three major telecom operators that exited the New York Stock Exchange earlier this year, is set to raise up to 54.2 billion yuan (US$8.5 billion) as one of the biggest IPOs in China this year after setting its initial public offering price.

Indonesia-based mobile telecommunications services operator PT XL Axiata Tbk said that the total number of subscribers recorded an increase to 56.77 million in the second quarter of 2021, from the previous 56.02 million in the first quarter.