LUXEMBOURG – OrbitsIQ Global, a global telecommunications company, recently acquired UNIO Enterprise (UNIO), a Munich-based provider of broadband connectivity solutions that merge space-based and terrestrial networks, including 4G and 5G. The terms of the transaction were not disclosed. Founded in 2022 as a joint venture between Isar Aerospace, Reflex Aerospace, Mynaric, and SES, UNIO…
HELSINKI — Nokia announced Tuesday that chipmaker Nvidia is acquiring a $1 billion stake in the Finnish networking company, a move that sent Nokia’s shares soaring and marks the latest in a series of strategic partnerships for the artificial intelligence giant. Under the deal, Nokia will issue more than 166 million new shares to…
LONDON: Verizon Communications Inc (VZ.N) on Tuesday named Dan Schulman, the former chief executive of PayPal Holdings Inc (PYPL.O) and a current board member, as its new chief executive officer, effective immediately, in a surprise leadership overhaul. The U.S. wireless carrier said longtime CEO Hans Vestberg would step down and serve as a special advisor…
Elon Musk’s SpaceX announced Monday it will acquire wireless spectrum licenses from EchoStar for approximately $17 billion, marking a pivotal move to accelerate the rollout of its Starlink direct-to-cell satellite network and expand its footprint in the competitive 5G connectivity space. The deal includes a strategic partnership enabling Boost Mobile—EchoStar’s prepaid wireless brand—to tap…
T-Mobile (NASDAQ: TMUS) has launched its 5G Home Internet service in Puerto Rico, offering customers a new option for fast, reliable and affordable broadband. The service uses the Un-carrier’s 5G network, which is the largest and fastest in the island, and costs $50 a month with AutoPay and a voice line. Customers who sign…
How Intel Xeon Next-Gen Processors and Intel Infrastructure Power Manager Software Boost 5G Core Efficiency and Sustainability Intel has announced two major updates to help network operators scale their 5G core networks with energy efficiency and lower TCO: the preview of Intel Xeon next-gen processors, code-named Sierra Forest, with up to 288 Efficient-cores (E-cores),…
HELSINKI, FINLAND: Ericsson (NASDAQ: ERIC) has entered into an agreement to acquire Vonage Holdings Corp. (NASDAQ: VG) for $21/share representing a total acquisition price of approximately $6.2 billion (Enterprise Value). The merger agreement was approved unanimously by the Board of Vonage. The transaction builds upon Ericsson’s stated intent to expand globally in wireless enterprise,…
LONDON: Ofcom, UK’s communication regulator, has raised a total of £1.356 billion from the principal stage spectrum auction, with all money to be paid to HM Treasury. Ofcom has announced the outcome of the principal stage of its auction to release more airwaves to improve mobile services and support 5G. A total of 200…
NEW YORK: KORE Wireless Group and Cerberus Telecom Acquisition Corp. (CTAC) have entered into a definitive merger agreement, a news release said. Upon completion of the transaction, the combined company expects to be listed on the New York Stock Exchange under the ticker symbol “KORE”. The transaction is expected to provide approximately $484 million…
OSLO: Nordic Unmanned has started the work on its framework agreement with a global mobile network provider for the planning and execution of 4G and 5G mobile site surveys. The inspections will provide the client with information regarding the position and general structure of outdoor assets, such as radio and transmission equipment, cables, and…
BOSTON: According to the latest research from Strategy Analytics, three Western European nations including Switzerland, Germany and UK are leaders in terms of 5G as a proportion of total smartphone sales in 2020. Ville-Petteri Ukonaho, Associate Director at Strategy Analytics, said, “In terms of sheer volumes China and the USA lead in 5G smartphone…
NEW YORK: Apple announced four new iPhones in a virtual event on Tuesday — the iPhone 12, the iPhone 12 Pro, the iPhone 12 Pro Max and a new, smaller, iPhone 12 mini. All the phones are 5G-equipped, meaning they can connect to the next-generation high-speed wireless networks. “This is a huge moment for…