SK Telecom inks strategic alliance with Deutsche Telecom to bring its metaverse platform to Europe

Key Signals in Telecommunications

Center setup and Expansion
NTT launched its second hyperscale data center campus in India 
The company opened its new hyperscale data center campus in Navi Mumbai, beginning with the NAV1A data center. Hyperscale data centers are larger than enterprise data centers, and they outperform them significantly. Read More>>
Ericsson opens utility innovation center in Texas, Telecom News, ET Telecom 
The company opened a Global Utilities Innovation Center in Plano, Texas, to speed up the utility sector’s 4G and 5G solutions development. The facility consists of a purpose-built operating lab and demo environment locations to allow utilities to engage with Ericsson. Read More>>
Huawei opened its 125th experience store at SM City Roxas 
The company opened its 125th Huawei experience store in the country. Located at Level 2 Cyberzone, SM City Roxas, this is already the 17th HES in the Visayas. Visitors can come to the store to experience their innovative and cutting-edge Huawei solutions. Read More>>
PLDT Enterprise links up LIMA Estate 
Aboitiz InfraCapital has selected the Enterprise company to roll out fiber connectivity within the 794-hectare LIMA Estate in Batangas, the largest privately-owned industrial park in the country. PLDT Enterprise will also provide solutions and services to support the connectivity requirements in the industrial park. Read More>>
Telesat to order 100 fewer satellites for the LEO constellation 
The Canadian satellite operator plans to order just 188 satellites plus ten in-orbit spares from Thales Alenia Space, Telesat CEO Dan Goldberg during the company’s earnings call. Telesat had planned to provide 15 terabits of capacity with 298 operational LEO satellites for the government and enterprise markets it aims to serve. Read More>>
Extreme Networks selects Verizon for wireless solutions for Manchester United 
The company selected Verizon Business as its deployment partner to roll out wireless connectivity solutions for Manchester United at Old Trafford Stadium. Verizon and Extreme have collaborated on several US venue deployments for organizations like the NHL, NASCAR, and NFL, and large events like the Super Bowl. Read More>>
SK Telecom, Deutsche Telekom forge metaverse alliance 
The company strategically allied with its German counterpart Deutsche Telekom to bring its metaverse platform to the European market. SK Telecom premiered an international version of its ifland metaverse platform in March during the Mobile World Congress 2022. Read More>>
Wipro and HFCL partnered to create a range of 5G products 
The two companies have cooperated to develop a 5G product range, primarily routers connecting mobile sites to telecom operators’ core networks. The two businesses will work together on 5G telecommunications solutions, including a 5G radio access network and 5G transport equipment. Read More>>
Mergers and Acquisitions
TPG Telecom to sell mobile tower and rooftop infrastructure 
The company has agreed to sell its mobile towers and rooftop infrastructure assets to OMERS Infrastructure Management Inc. for an enterprise value of AUD 950 Mn (USD 662.23 Mn). Its initial estimates suggest an accounting gain on sale of around AUD 350 Mn (USD 244 Mn) – AUD 400 Mn (USD 278.87 Mn) after tax. Read More>>
Executive Movement
Jones named for a regional position at Comcast 
Carl Jones Jr. has been named VP of External and Government Affairs for Comcast’s Greater Chicago Region, which spans Illinois, Northwest Indiana, and Southwest Michigan. In his new role, Jones will lead the region’s Community Impact team, responsible for community investment activities. Read More>>
Safaricom acquires Managing Director of Citibank 
The company hired the MD of Citibank to oversee Safaricom’s strategy and acquisitions.  Michael Mutiga, MD of Citibank and head of corporate finance for sub-Saharan Africa from 2019, will be the new chief business development and strategy officer. Read More>>

Latest Industry Insights from Draup Braindesk

  • Chorus New Zealand introduced the first connection to its 8Gpbs fiber broadband services under the Hyper fiber family of next-generation optical network technology in Auckland and Wellington. 
  • Chorus New Zealand and Rural Connectivity Group implemented a new Fiber-enabled site to deliver 4G wireless broadband and mobile calling services for residences, businesses, and the farming population. 
  • Chorus New Zealand focuses on enhancing Fiber downloading speed from 20 Mbps to 100 Mbps for customers in New Zealand.  

Key Funding Alert

Huawei invested USD 22 Bn in R&D for green, innovative technologies in 2021 
Huawei will invest 22.4% of its annual revenue in R&D to drive research in green, innovative technologies, more than doubling its yearly R&D investment targets. Huawei hopes to attract world-class talent to push the limits of science and technology. Read More>>

Startup Spotlight

Company – Celona
Total Funding – USD 100 Mn
About: Celona’s solution architecture is designed to automate the deployment of cellular wireless by enterprise IT organizations and managed service providers and drastically simplify its integration with an enterprise IT network. Read More>>

Latest Reports Published in Draup

5G in the Retail Industry 
Stores & e-commerce, supply chain, and sales & marketing will be the three key segments that will be an overwhelming focus on 5G in the retail industry. They are rapidly increasing their digital capabilities through partnerships with specialized technology providers. Read More>>
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