Telecommunications

    • Hackers accessed data of 40m US T-mobile clients

      Hackers accessed data of 40m US T-mobile clients

      Hackers gained access to personal details concerning more than 40 million clients of US T-mobile. Information on names, social security numbers and data from driver’s licenses or other IDs of millions people who applied for T-Mobile credit were exposed and unprotected in a recent data breach, the company said. The same data for about 7.8 million current T-Mobile customers who pay monthly for phone service also appears to be compromised, AP reported.

      72
    • Green light for Virgin Media, O2 £31bn merger

      Green light for Virgin Media, O2 £31bn merger

      The long anticipated merger deal between Virgin Media and O2 moved a step closer to being finalized as the two companies received a key backing, BBC reported. The deal is valued at some £31bn and was provisionally approved by the UK's competition watchdog. The statement has been awaited since last December when The Competition and Markets Authority (CMA) launched an investigation of the proposal.

      106
    • Deutsche Telekom confirms expected €37bn 2021 profit outlook

      Deutsche Telekom confirms expected €37bn 2021 profit outlook

      Germany’s leading telecommunications operator Deutsche Telekom confirmed its positive outlook for 2021 ahead of pending annual general meeting where investors are expected to call for a review of its dividend policy in light of last year’s strong results. DT group confirmed that it expected its adjusted core profit to rise to 37 billion euros this year while cash flow would come in at 8 billion euros.

      120
    • EU hunts €300bn to master the fast 5G rollout

      EU hunts €300bn to master the fast 5G rollout

      EU will have to secure and invest no less than 300 billion euros in upgrading its telecommunications infrastructure by 2025 if it wants to launch a 5G network coverage over the whole continent, Reuters reported, citing an industrial study released earlier this week. The envisaged funds are needed to boost economic development and spur technology related sectors.

      161