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...
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...
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...
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...
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...
Nokia stock soared a whopping 16% in premarket trading, after posting surprisingly impressive performance numbers in Q1. The main reason behind this surge is thanks to 5G, but nevertheless, analysts did not expect things to go so swimmingly for them at this juncture.
Back in October, the Finnish telecom company...