Jio's quarterly profit jumps more than 9%, tops 285 million 5G subscribers in June
India's Jio Platforms posted operating revenue of INR 459.6 billion for its first quarter ended 30 June, which represents an increase of 11.8 percent year-on-year. This increase was driven by continued gains in subscriber market share, organic ARPU growth and scale up of digital services, Jio said. Quarterly net profit was INR 77.6 billion, up 9.2 percent year-on-year, while EBITDA jumped 15.1 percent to INR 208 billion. The EBITDA margin also increased to 53.3 percent from 50.8 percent one year earlier.
Jio's quarterly profit jumps more than 9%, tops 285 million 5G subscribers in June
India's Jio Platforms posted operating revenue of INR 459.6 billion for its first quarter ended 30 June, which represents an increase of 11.8 percent year-on-year. This increase was driven by continued gains in subscriber market share, organic ARPU growth and scale up of digital services, Jio said. Quarterly net profit was INR 77.6 billion, up 9.2 percent year-on-year, while EBITDA jumped 15.1 percent to INR 208 billion. The EBITDA margin also increased to 53.3 percent from 50.8 percent one year earlier.
Next Capital agrees to acquire Fujitsu's Australian data centre business
Australian private equity firm Next Capital has signed an agreement to acquire Fujitsu's Australian data centre business, with completion expected later this year, subject to customary conditions and regulatory approvals. The transaction covers five operational data centres in Australia, comprising facilities at Homebush and Greystanes in New South Wales, Noble Park in Victoria, Eight Mile Plains in Queensland and Malaga in Western Australia. Fujitsu confirmed that its North Ryde data centre in Sydney is no
Next Capital agrees to acquire Fujitsu's Australian data centre business
Australian private equity firm Next Capital has signed an agreement to acquire Fujitsu's Australian data centre business, with completion expected later this year, subject to customary conditions and regulatory approvals. The transaction covers five operational data centres in Australia, comprising facilities at Homebush and Greystanes in New South Wales, Noble Park in Victoria, Eight Mile Plains in Queensland and Malaga in Western Australia. Fujitsu confirmed that its North Ryde data centre in Sydney is no
Sunrise appoints new CFO to boost profitability
Swiss operator Sunrise has appointed Andreas Tolpeit as the new CFO and a member of the executive committee, effective 01 September. Tolpeit succeeds Jany Fruytier, who will leave Sunrise on 31 August. In his new role, Tolpeit will work to boost profitability and improve cash flow generation, the operator said. Tolpeit joins Sunrise from global private schools group Cognita, where he most recently served as CFO.
Sunrise appoints new CFO to boost profitability
TIM's board unanimously backs Poste Italiane takeover offer
Telecom Italia (TIM) said its board of directors unanimously approved the voluntary public takeover bid for all its shares launched by state-backed Poste Italiane. "The board unanimously deemed the consideration offered fair from a financial point of view and positively assessed the rationale and business prospects of the operation and its consistency with the path undertaken by TIM," said TIM in a statement, adding that the decision had been taken on the basis of the analyses carried out by management, inc
TIM's board unanimously backs Poste Italiane takeover offer
Samsung SDS launches NPU-as-a-Service on Samsung Cloud Platform
IT services provider Samsung SDS has launched a Network Processing Unit as a Service (NPUaaS) offering on its Samsung Cloud Platform (SCP), using FuriosaAI's second-generation Renegade (RGND) NPU. The company said the service allows customers to access NPU resources through a subscription model without purchasing dedicated NPU servers or deploying infrastructure in their own data centres. Customers can configure NPU resources in increments of one, two, four or eight processors, depending on their AI workloa
Samsung SDS launches NPU-as-a-Service on Samsung Cloud Platform
MTS upgrades network along Moscow Central Ring Road
Russian operator MTS said that it has modernised its mobile network on the Moscow Central Ring Road surrounding the city of Moscow. LTE services from the operator are available on the whole 340.6-km motorway. The number of base stations has grown by 17 percent year-on-year on the motorway, and the network coverage has increased by 16 percent. Around 130 base stations from MTS are operational along the road.
MTS upgrades network along Moscow Central Ring Road
Italy's Eolo offers FWA at gigabit speeds for EUR 2 a day
Italian rural broadband specialist Eolo has launched a summer promotion for new users who sign up to its prepay fixed wireless access (FWA) plan at download speeds of up to 1 Gbps. The rate, called Eolo QuandoVuoiTu, is being promoted to new users with a reduced installation fee of EUR 25 for the antenna and Wi-Fi router instead of EUR 100 as well as a daily rate of EUR 2 instead of EUR 5 lasting until 15 September.
Italy's Eolo offers FWA at gigabit speeds for EUR 2 a day
Airtel Money, Baobab Bank enable mobile bank transfers
Airtel Money Madagascar and Baobab Bank Madagascar have finalised a partnership aimed at expanding access to digital financial services and accelerating financial inclusion across the country. Through this collaboration, the two institutions have launched an interoperable mobile banking service that allows customers to transfer funds between a Baobab Bank account and an Airtel Money wallet. The 24/7 service is fully operational and can be accessed securely through the proprietary My Baobab mobile applicatio
Airtel Money, Baobab Bank enable mobile bank transfers
Beeline Russia migrates customer support to Minerva Knowledge
Russian operator Beeline has started transferring its customer support to a single expertise management system Minevra Knowledge. The system will bring together call centre workers, digital service channels and AI tools. Some 6,500 employees at call centres have already been transferred to the new platform.
Beeline Russia migrates customer support to Minerva Knowledge
Icasa sanctions Session Telecoms over numbering regulation violations
The Independent Communications Authority of South Africa (Icasa) has hit Session Telecoms Proprietary with sanctions following an investigation into number resource abuse.The regulatory action stems from a complaint lodged by MTN in April 2023. MTN alleged that Session Telecoms was misusing its allocated number resources to engage in illicit interconnect bypass operations. The complaint highlighted deceptive practices including calling line identification (CLI) manipulation, call refiling, and Sim-boxing. F
