Gilat Satellite’s acquisition of DataPath to add USD 50 Mn in revenue

Key Signals in Telecommunications

Nokia and Hrvatski Telecom expand Partnership
The company was selected by Hrvatski Telekom to modernize its online charging system and help the Croatian operator unlock new revenue streams. Read More>>
Intracom Telecom to modernize Maxnet Networks
The company inked a deal with Maxnet for the supply of WiBAS wireless access systems at 28 GHz. This multimillion agreement strengthens their position in the Sudanese market. Read More>>
ZTE, Ooredoo Group extend partnership for five more years
The agreement with Ooredoo will deploy SRv6 to transform the traditional transport network architecture into a 5G-oriented programmable one. Read More>>
Ericsson, STC sign MoU to explore Cloud RAN, 5G deployment in KSA
The partnership will explore deployment options and future network architectures for 5G services. The MoU seeks to accelerate the delivery of services while scaling up 5G offerings. Read More>>
AT&T and Cisco collaborate to offer 5G Network Services for Enterprises
This partnership offers faster speeds, improved connectivity, enhanced security, and greater flexibility for businesses to operate more efficiently in a digital-first era. Read More>>
Mergers and Acquisition
Gilat Satellite to buy DataPath as part of defense business strategy
With this acquisition, the company’s annual revenues in Defense will increase by USD 50 Mn. This move is a step towards increasing presence in the growing Defense market. Read More>>
Executive Movements
Navy Veteran James Shaw joins OneWeb as Chief Commercial Officer
Mr. Shaw will develop and implement OneWeb’s commercialization strategy in his new role. He is an established leader with extensive knowledge of strategy and development. Read More>>
Jeanette Irekvist appointed as President of Ericsson Canada
Irekvist has a diverse background in various Ericsson business functions in North America and Sweden. Her educational qualifications include an MBA and a Master’s in Law. Read More>>
Ushahidi’s Ory Okolloh joins Safaricom board
Ory Okolloh has been appointed as an Independent Director, bringing her extensive experience in technology, governance, and entrepreneurship to the board. Read More>>
Financial and Market Activity
China Unicom books gains
The growth was fuelled by continued 5G adoption, gains in industrial internet business, and a rise in mobile ARPU. The company’s net profit increased by 16.5% to USD 2.4 Bn. Read More>>

Latest Industry Insights from Draup Braindesk

Virtual Meeting and Training
  • Communication service providers (CSPs) can increase their service portfolio by creating assets in the metaverse and selling them as a service. 
  • A potential use case could be a Virtual conference room for enterprises to conduct their meetings with a VR/AR experience. This is the right fit for remote meetings, multi-location training programs, and other events. 
  • CSPs can use edge computing and end-to-end QoS to provide such services.
5G Satellite Access Connectivity
  • With new satellites, it is possible to integrate networks to manage connectivity with cars, airplanes, vessels, and other IoT devices. 
  • The capability of taking 5G to remote and rural areas drives its growth.

Startup Spotlight

Company – WorkPatterns
Total Funding – USD 9.58 Mn
About: WorkPatterns is a platform that helps improve team communication and accountability. The company’s platform is a system for effective work relationships that enhances how managers and employees engage in the modern era. Read More>>

Latest Reports Published in Draup

Liberty Global Account Intelligence Report
Liberty Global focuses on developing next-generation fiber network technologies with superior bandwidth, lower latency, and better computing capabilities. Read More>>
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