Mavenir raises $100 Million to boost investments in Open RAN and 5G solutions

Key Signals in Telecommunications

Deals
Motorola Solutions Wins 5-year Contract for Portugal’s’ Public Safety Communications
The company will provide 24×7 local support and technical consultancy services to ensure the network is secure, up-to-date, and reliable. Read More>>
Rain Inks deal with Vodacom for new mobile service
Rain has signed an agreement with Vodacom to provide coverage in areas where its network is unavailable. It has expanded its services to include voice with the launch of Rain Mobile. Read More>>
Tejas Networks Wins $84.7 Million Order From BSNL, Its Largest-Ever Contract
The contract from BSNL is focused on upgrading its all-India IP-MPLS Access and Aggregation Network. The contract involves installing and commissioning over 13,000 Tejas Networks’ TJ1400 series routers. Read More>>

Partnerships
Safaricom, Elgeyo Marakwet County Sign Deal to Digitize County Services
The myCounty platform will provide public access to county services such as parking and single-business permits. It will also empower residents to report critical issues. Read More>>
Rogers partners with SpaceX and Lynk Global to offer new satellite-to-phone service
The service will allow users to make and receive calls and texts using their existing mobile numbers in remote areas without cell coverage. Read More>>

Centre Setup and Expansion
Avanti Communications opens flagship office in Lagos
The new flagship office in Lagos, Nigeria, reaffirms its commitment to Africa. The office is in the eco-friendly Heritage Place building in the commercial district of Ikoyi. Read More>>

Mergers and Acquisitions
Tata Communications completes $58.8 Million acquisition of The Switch
The deal will offer end-to-end video production and transmission services for immersive live video experiences on a range of screens. Read More>>
RADCOM Acquires Continual
The acquisition includes Continual’s technology, IP, and customer agreements, enabling RADCOM to further enhance its ACE portfolio for location and mobility analytics. Read More>>

Executive Movements
Ericsson appoints Daniel Leimbach as Head of the customer unit for Western Europe
Leimbach will oversee the company’s business in several European countries and will focus on implementing sustainable solutions and using 5G technology in Industry 4.0. Read More>>
Changes to Virgin Media O2 executive committee after high-level departures
Virgin Media O2 appoints Ulrik Bengtsson as new COO. Bengtsson will be responsible for overseeing customer service, field technicians, offline sales, and over 300 retail stores. Read More>>
Mediacom Promotes Julien Dancona to Senior VP
In this new position, Mr. Dancona will be responsible for overseeing all aspects of the company’s accounting and financial reporting functions, including financial planning and analysis, budgeting, and forecasting. Read More>>

Financial and Market Activity
Infinera Corporation Reports Q1 2023 Financial Results
The company reported a GAAP revenue of $392 million; its gross margin and operating margin for the quarter were 37.5% and 2.4%, respectively. Read More>>

Latest Industry Insights from Draup Braindesk

Precision Positioning Solutions

Vodafone UK is keen to improve the positioning performance of autonomous applications such as drones, delivery robots, and safety system wearables.

GNSS Correction Service

Vodafone UK is eager to develop a new mass-market precise positioning system that locates devices, machinery, and vehicles using global navigation satellite systems. Service providers with rich expertise in GNSS Correction Service would be apt to serve Vodafone UK.

Wi-Fi at Tube stations

Vodafone UK is expanding its Wi-Fi service at Tube stations for customers to benefit from 4G and 5G signals at an ever-growing number of stations and tunnels.
These latest improvements to the Wi-Fi system will make it easier for customers to plan their journeys and stay connected with friends & family.

Vodafone IoT Platform

Vodafone UK enhances its IoT Platform with an inbuilt catalog of APIs that integrate with third-party applications like analytics platforms and device management tools. It delivers Managed IoT Connectivity, Device Management, and Application Enablement in a single place. Service providers with rich expertise in IoT would be apt to serve Vodafone UK.

Key Funding Alert

Mavenir raises $100 million to boost investments in growth areas
The funds will be used to expand the company’s business in key areas such as Open RAN and 5G. With this investment, Mavenir’s valuation has reportedly reached over $5 billion. Read More>>

Startup Spotlight

Company – Honest Mobile
Total Funding – USD 4.77 Mn
About: Honest Mobile assists in the management of mobile plans by providing appropriate control and better notifications. They help customers avoid unexpected charges and let them know when they may save money by downgrading plans. Read More>>

Latest Reports Published in Draup

Reliance Industries APAC Account Intelligence Report
Reliance Jio launches 5G services through multiple digital touchpoints with unlimited data at up to 1 Gbps+ speed as part of Jio True 5G technology in 2023. Read More>>

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