Business

Ericsson announces sale of iconectiv

Ericsson (NASDAQ: ERIC) announces that it has entered into a binding agreement with Koch Equity Development LLC in relation to the sale of iconectiv (the “Transaction”). ...

UK government gives Project Gigabit an £800M nudge

The recently elected Labour government in the UK says it has struck a "monumental" deal with Openreach to extend gigabit connectivity to around 312,000 more homes and businesses in hard-to-reach parts of the UK including, for the first time, rural parts of Wales....

Cellnex offloads Austrian business

Spanish towerco Cellnex has agreed to sell its Austrian business to a consortium of investment companies for €803 million (US$877 million) in a deal that Cellnex CEO Marco Patuano described in a statement as "one further step within the company's 'Next Chapter' … to achieve the goal of consolidating, simpli...

Vodafone invests €250M to boost B2B offerings

Vodafone is spending €250 million (US$273 million) this financial year on strengthening its B2B unit, with a focus on services such as cybersecurity, cloud, productivity, connectivity and IoT, which the operator said already account for every second order at Vodafone Business. ...

SK Telecom's AI business makes progress but earnings flat

SK Telecom's ambitious AI strategy made further gains in Q2 but not enough to lift its bottom line. The Korean operator announced quarterly earnings of 350.2 billion Korean won (US$254 million), up just 0.7%, although slightly ahead of analysts' expectations of KRW346.2 billion ($251 million). ...

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