Remote Mobile subsidiary to acquire 49% stake in Kuwaiti firm
23 December 2021
Routesms Solutions FZE, a subsidiary of Indian cloud firm Route Mobile, has signed a share purchase agreement to purchase 49% of the total outstanding equity share capital of Kuwait-headquartered Interteleco.
Under the terms of the deal, Routesms will also acquire an additional 41% of economic and beneficial interest, including distributions, dividends, profits and voting.
Mobile communications services provider Interteleco offers mobile app services, payment solutions, chatbot and conversational AI.
Find out more OneWeb signs LoI with Kazakhstan aerospace firm for satellite component production
23 December 2021
OneWeb, the Bharti-backed low Earth orbit (LEO) satellite communications firm, has signed a letter of intent (LoI) with Kazakhstani aerospace business, Ghalam, to explore opportunities for locally-produced components for the second generation of its satellites in the country.
The two companies signed the LoI during the annual international technological forum Digital Bridge 2021 in Kazakhstan’s capital Nur-Sultan in late October.
At the event, OneWeb chief executive officer (CEO) Neil Masterson also oversaw the satcom company’s first-ever demonstration of LEO-powered broadband within the Commonwealth Independent States (CIS).
Find out more
Colombia begins public consultation on spectrum caps
23 December 2021
Colombia’s ICT ministry said it will publish a draft decree for public consultation related to updating spectrum caps and enable frequency allocation to foster the development of 5G.
Telecommunications minister Carmen Ligia Valderrama said during the Andicom event that plans involve increasing the caps for the bands below 3,000MHz and add a category for bands between 3GHz and 6GHz.
She added that Colombia could license about 400MHz in the 3.5GHz band.
Find out more Turk Telekom’s revenues reach $US2.4bn in first nine months
23 December 2021
Turk Telekom has earned revenues worth US$2.4bn in January - September 2021 and achieved 18% growth to exceed the expectations for the third quarter.
The company’s net profit amounted to US$484m, while its investment expenditures increased to US$443m in the first nine months of 2021.
Turk Telekom’s investment target increased to US$897m and the investments will mainly be made in a fibre network, which it sees as a powerful tool for future technologies.
Find out more