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Tag: Telecom (page 1 of 2)

Even after 5G launch, 4G will remain important, says Ookla

Network testing firm Ookla has stated that 4G will remain important in India even after the launch of 5th Generation (5G) telecom services. 4G is already the dominant network in the country, said Doug Suttles CEO of Ookla. The 4G service availability continues to grow in India, with an increase in median download speed from 10.64Mbps in Q1 2020 to 15.67Mbps in Q1 2021, he elaborated.

Source: India Today

Telstra planning to acquire Digicel Pacific with Australian govt’s aid

Telstra Corp is planning to buy the Pacific operations of Digicel Group. The Australian government will be helping with the funding and is expected to provide 75% of the fund. The deal, which is still being discussed, is estimated to be worth A$ 2bn of which the Aussie govt paying A$ 1.5bn. Digicel is critical to telecommunications in the region with strong margins and it had a core earning of $235 mn in 2020.

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India to have 330 mn 5G subscriptions by 2026: Ericsson

Swedish telecom gear maker Ericsson predicts 26% of Indians (330 mn) to have 5G subscriptions by 2026. 4G is estimated to grow from 680 mn in this year to 830 mn in 2026, growing at a CAGR of 3%. The study also suggested that India could see 40 mn users in the first year of the launch of 5G. It also predicts smartphone subscriptions to reach 1.2 bn by 2026 as compared to 810 mn in 2020, growing at a CAGR of 7%.

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Edelweiss General Insurance appoints Madhu Malhotra as CTO

Madhu Malhotra has joined Edelweiss General Insurance as CTO to spearhead the tech function and drive digitalisation. EGI aims to redefine the insurance ecosystem in the country by using new-age technology and digitalisation. Malhotra comes with two decades of professional experience across FinTech and Telecom verticles. She was the Head of Technology at Spectra, in the recent past and served Airtel for almost 10 years.

Chinese hackers target telecom operators to steal 5G tech

A China-based hacking group is targeting telecom service provider across the globe in an attempt to steal 5G tech and related sensitive information. Telcos in Southeast Asia, Europe and the US are attacked by cybercriminals, which was discovered by the researchers at McAfee. At least 23 telecom firms, so far, have come under attack, but it is not clear how many of these attempts were successful. The group behind the campaign is known as Operation Dianxun.

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ICT spend to rise by 10% to $91 billion in CY21: IDC

IDC said that spend on ICT in India will grow over 10% in 2021 to touch  $91 bn and hit $111 bn by 2024. The revival of economic activities and growing consumer demand will accelerate this growth, said the report. BFSI and telecom will be the biggest contributor to the growth by with 14% of the overall ICT spend. The sector may grow at 7.8%, following the increased ICT investments in improving customer experience, business continuity, and cybersecurity.

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Three UK, TCS partners to deploy 5G services

TCS has been selected by mobile network carrier, Three UK to help it configure the mobile network for its ongoing rollout of 5G services. The network currently is live in 175 towns and cities in the UK, across over 1,000 sites. According to TCS, the work would include configuring the core network for new site deployments, performance management, and 3G, 4G tuning changes. “TCS software will speed-up configuration checking and reduce manual errors,” a statement said.

China becomes the largest 5G market as 110M users signup for 5G plans

President of CAICT announced over 110M users in China have signed up for 5G plans, making it the largest 5G market in terms of user size. China has sold over 93M units of 5G phones this year so far. The country’s 5G ambition is a multi-pronged effort among the govt, network carriers, telecom equipment makers, device makers and software developers. The govt plans to add an average of 600K 5G base stations every week, by the end of 2020.

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COVID-19 Impact: Telecom Industry lost 82L customers in April

Telecom Industry has lost 82 L subscribers during the lockdown in April. Reportedly, this pressure will grow. Bharti Airtel and Vodafone Idea suffered the most. Conversely, Reliance witnessed a growth in its subscriber base. The COVID-19 induced lockdown has affected all sectors. Analysts say that GDP will contract by over 5% in FY21. Broadband subscriber base also declined by 11.1 M in April. This accounts for 57% of telcos’ overall decline.

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