With the European Union's sights set on rolling out 5G across its 27 member states, the body will need to invest €300 billion ($355 billion) into its telecommunications infrastructure by 2025, a study by consulting firm BCG found. Commissioned by telecoms lobbying group ETNO, BCG performed its study at...
Japanese holding company SoftBank has announced that it intends to double the number of users of its PayPay QR code payment app in the next three to four years. According to an executive at Z Holdings (SoftBank's internet subsidiary), the conglomerate is aiming to extend its lead in the...
Israeli chipmaker Tower Semiconductor announced on Wednesday its plans to invest an extra $150 million into its efforts to boost its production capacity. According to a company forecast, this year promises to provide record revenue as a result of an unprecedented level of demand.
With certain economies recovering fairly quickly...
Private messaging app Signal was restored to full functionality on Saturday after the platform experienced some downtime when it was flooded by waves of new users. This was due to many consumers deciding to use Signal after WhatsApp decided to introduce a monumental change in its privacy policy regarding...
Messaging platform WhatsApp finds itself in hot water with users worldwide, following its decision to update its privacy policy that enables it to share users’ data with Facebook and other properties owned by the group.
This update has led to a vast amount of mistrust within several of WhatsApp’s leading...
Spanish telecom company Telefonica plans to sell their mobile phone masts. Owned by its Telxius division in both Europe and Latin America, they’ll be selling it to American Towers for a whopping 7.7 billion euros, which is the equivalent to approximately $9.41 billion.
The 30,000 mobile phone masts included in...
In an auction over 5G airwaves across the United States, bidding has exceeded $76.5 billion, making it the most expensive auction to be run by the Federal Communications Commission to date. The auction, which began last month, started out with 57 potential bidders.
With the bidding war already reaching new...
Wednesday’s bidding on the 5G wireless spectrum became the telecom industry’s most expensive auction ever, with nearly $70 billion being spent as leading telecom companies compete for airspace on the new network.
Analysts predict that AT&T, Charter Communications, Comcast, T-Mobile US, and Verizon Communications are among the leading bidders. While...
Skyworks Solutions (SWKS) generated an unexpectedly high sales revenue of $956.8 million in the fourth fiscal quarter of 2020, the wireless chipmaker revealed in its earnings report.
While analysts projected earnings of $1.52 per share (resulting in total revenue of $842.4 million), Skyworks managed to achieve a revenue of $1.85...