Financials

Softbank to sell off $14bn stake in its mobile network
Softbank remains one of Japan’s largest mobile network operators, with over 40 million subscribers across the country
Vodafone Idea’s plans for 4G network expansion hit a snag, as international vendors refuse new orders
The world’s top network equipment vendors have temporarily halted new orders from Vodafone Idea, fearing that the beleaguered telco will be unable to make payment for the goods supplied
Ethio Telecom sees revenues boom in H1 2020
The country will soon open up its telecoms sector to international investment
Etisalat posts $1.25bn profit for H1 2020, as group subscriptions reach 146 million
During the first half of 2020, the company provided free internet access to families to facilitate a range of distance learning initiatives, to combat the Covid 19 pandemic
Ericsson eyes long term profits in China, as it posts strong figures for Q2 2020
Key wins in China are expected to bear fruit in the second half of 2020
Zain Group posts a strong set of financials for H1 2020, as it progresses 5G and FTTH
The Kuwait headquartered firm posted strong results across its regional portfolio
Bharti Airtel set to cover the salaries of nearly 30,000 distribution partners in May
The company made a similar move in April, to help its distribution partners survive the economic impact of the Covid 19 pandemic
Reliance Jio lands $870m investment from General Atlantic
Reliance Jio has attracted enormous interest from US investors in recent weeks
Microsoft acquires Metaswitch Networks as it sharpens its 5G focus
The US software giant will acquire Metaswitch Networks for an undisclosed fee