Telecommunications
China’s ZTE may pay more than US$1 billion to the US over foreign bribery allegations: sources
ZTE said it is engaged in “ongoing communication” with the US Justice Department
Telefonica to cut 5,000 jobs to slash costs, union says
The cuts, affecting about a fifth of the carrier’s Spanish workforce, will apply to three Telefónica units
Singtel offers US$1.2 billion stake in Bharti Airtel, terms show
The transaction will occur on local bourses on Friday
US weighs ban on Hong Kong tycoon Richard Li’s phone firm PCCW as China tensions rise
The move shows the US is widening its national security focus to include Hong Kong firms once seen as neutral
Singtel’s Optus fined A$100 million for ‘appalling’ actions against disadvantaged consumers
The telco sold phones and contracts to over 400 such consumers, including those with mental disabilities and learning difficulties, or who were in financial hardship
Singtel’s Optus blames departure from ‘established processes’ for emergency calls outage
[SYDNEY] Optus, Australia’s No 2 telecom carrier, said on Sunday (Sep 21) that a departure from regular processes on a network upgrade sparked a technical failure that disrupted emergency call service...
AT&T to buy wireless spectrum licences from EchoStar for US$23 billion
The deal marks the latest major investment by AT&T to accelerate its fibre and 5G network
Ransomware hack hit Orange telecom, data published on dark web
Telecommunications companies are attractive targets for hackers as they store valuable financial information on customers as well as critical data and communication from governments and businesses
GIC takes 25% stake in Spain’s broadband venture
Singaporean state funds have been expanding in Europe with investments in infrastructure, renewables and luxury fashion brands
