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U Mobile secures financing from CIMB for second 5G network

Developing Telecoms

Malaysian telco U Mobile announced on Wednesday it has signed a Memorandum of Understanding (MoU) with CIMB Bank to extend financing support for its upcoming 5G network rollout.

Finance 264
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Vodafone and AST SpaceMobile to open research hub in Málaga

Total Telecom

News The Innovation Centre is supported by a grant from the Spanish Space Agency and will allow partners to test solutions combining satellite and mobile connectivity Vodafone has this week announced the creation of a new innovation centre in Mlaga, Spain, aimed at better integrating satellite and terrestrial mobile communications.

Finance 227
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U Mobile sells DNB stake to fellow shareholders for US$23k

Developing Telecoms

Malaysian telco U Mobile sold its entire 16.28% stake in 5G wholesale operator Digital Nasional Bhd (DNB) on Tuesday to DNBs remaining shareholders CelcomDigi, Maxis, YTL Power International and the Minister of Finance (MOF) for MYR100,000 (US$23,176).

Mobile 156
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MTN Uganda gets ready to spin off MoMo unit

Developing Telecoms

MTN Uganda announced plans on Wednesday to hold an extraordinary general meeting (EGM) on July 2 to discuss and vote on the proposed spinoff of its mobile money and fintech business, MTN MoMo, from its core telecoms operations.

Mobile 213
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Spectrum auction urged to remove Chinese telecoms equipment

Telecoms Tech News

Outgoing FCC Chairwoman Jessica Rosenworcel is calling for a quick spectrum auction to finance the removal and replacement of Chinese telecoms equipment. The issue has been thrust back into the spotlight following the Salt Typhoon revelations that found Beijing-linked threat groups had compromised US telecoms networks.

Telecoms 287
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Ethio Telecom launches financial services and device financing with Siinqee Bank

Developing Telecoms

Operator Ethio Telecom, in partnership with Siinqee Bank, an Ethiopian provider of banking and microfinance services, has launched a new range of mobile financial services and smartphone financing solutions.

Finance 156
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TerraPay and Wave Mobile Money address Malian remittance market

Developing Telecoms

TerraPay, a global money movement company, has partnered with Wave Mobile Money, a mobile money provider, in what is described as a strategic move to enhance cross-border remittance services in West Africa and specifically Mali.

Mobile 156