Beijing pushes major Chinese telcos to raise dividends

Beijing pushes China Telecom, China Mobile to raise dividends

Three major Chinese telcos are dramatically changing their financial strategies and shifting from reducing capital costs to offering higher dividend yields.

As reported by Nikkei Asia, this shift is linked to the increasing interest from the Chinese government in the performance of the stock market and its directive to accord more importance to shareholder returns within state-owned enterprises.

China Telecom followed this logic but took it a step further, as interim...

22 August 2024 | 5G

Telcos urged to embrace horizontal strengths in B2B sales

Telcos are encouraged to leverage their core strengths in connectivity and data services to drive B2B sales, rather than chase vertical specialisation.

Research firm GlobalData argues that while there is a temptation for telcos to deepen sector-specific partnerships, this often leads to unrealistic expectations and costly strategic readjustments. 

“Over three decades of working with telcos, GlobalData has seen many ambitious statements about building up expertise...

21 August 2024 | Operators

Social security numbers exposed in National Public Data breach

Social security numbers exposed in National Public Data breach

National Public Data, a background check service, has fallen victim to hackers. The company's database was sold on the internet, making the crucial data available for anyone.

According to BleepingComputer, the compromised database includes extensive personal data, featuring millions of people's social security numbers, as well as their cell and home phone numbers, among other details.

The company disclosed that the potentially breached information includes names, email...

21 August 2024 | Networks

Huawei eyes Asia-Pacific growth with AI cloud services

Huawei eyes Asia-Pacific growth with AI cloud services

Huawei is eyeing the Asia-Pacific as a prime market for its AI offerings, buoyed by the 20-fold expansion of its public cloud service in the region over the past four years despite US-led sanctions.

Jacqueline Shi, President of Global Marketing and Services at Huawei Cloud, announced at a Bangkok media briefing on August 15th: "For our next step in the region, we will continue to provide comprehensive AI solutions." These include the Ascend Cloud Service, the ModelArts AI...

20 August 2024 | Networks

UK launches ‘Tyche’ satellite to bolster military intelligence 

The UK Ministry of Defence has successfully launched its first wholly-owned satellite, 'Tyche', designed to provide crucial Intelligence, Surveillance, and Reconnaissance (ISR) capabilities. The satellite will be the bedrock of a planned constellation of similar spacecraft, bolstering the UK's space-based defence capabilities by 2031.

Tyche, roughly the size of a washing machine, was launched from Vandenberg Space Force Base in California aboard a SpaceX Falcon 9 rocket as part of...

19 August 2024 | Legislation & Government

SK Telecom and Nokia introduce fibre environment sensing

SK Telecom and Nokia are joining forces to implement fibre sensing technology, an innovative approach to detecting environmental changes that could affect optical cables in fixed networks.

This collaboration aims to enhance network safety and prevent potential damage by monitoring earthquakes, climate changes, and construction-related issues near fixed networks.

This partnership will utilise machine learning tools to process and analyse data generated by commercial...

19 August 2024 | Broadband

DDoS attacks surge by 46% in H1 2024

A new report from Gcore reveals a large increase in Distributed Denial of Service (DDoS) attacks during H1 2024, with the number of incidents rising by 46% compared to the same period last year.

Gcore’s research shows that the number of attacks reached 445,000 in the second quarter of 2024 alone. The surge in attacks represents a 34% increase from the previous six months (Q3-Q4 2023), indicating a worrying trend.

While the volume of attacks has risen dramatically,...

14 August 2024 | Networks

UK Government pledges £800M towards rural broadband upgrade

Hundreds of thousands of homes and businesses across rural Britain, long plagued by sluggish internet speeds, are set for a major connectivity upgrade as the UK Government pledges up to £800 million to modernise broadband infrastructure.

For the first time, Wales – currently lagging behind with the lowest percentage of gigabit coverage – will benefit from the scheme. Remote areas such as the South Wales Valleys, Exmoor National Park, and the Forest of Bowland will finally...

13 August 2024 | Broadband

Bharti Enterprises to acquire majority stake in BT

Bharti Enterprises has announced plans to acquire a majority stake in BT, the UK’s largest broadband and mobile provider.

Bharti will purchase approximately 24.5% of BT Group from its current top shareholder, Altice. The acquisition will be executed through Bharti Global, the international investment arm of Bharti Enterprises.

Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, commented on the historical significance of this move: "Bharti and BT have an...

12 August 2024 | 5G

Kursk region hit by cyberattack amid Ukrainian counter-incursion 

The Kursk region of Russia was hit with a distributed denial-of-service (DDoS) attack on Thursday, coinciding with a counter-incursion by Ukrainian forces.

Regional officials confirmed the “massive” cyberattack in a statement, with state media reporting that government and business websites, as well as key infrastructure services, were temporarily disrupted.

Internet monitoring service NetBlocks corroborated the reports, stating that their data showed “sporadic...

9 August 2024 | Networks