Tag: operator

  • Globe Teams Up with Bridge Alliance and Thales for Innovative Enterprise IoT Proof of Concept Launch

    Globe Teams Up with Bridge Alliance and Thales for Innovative Enterprise IoT Proof of Concept Launch

    In a significant leap towards advancing the Internet of Things (IoT) landscape in the Philippines, Globe Telecom has joined forces with Thales, a global leader in eSIM technology, and the regional telecom consortium Bridge Alliance. This partnership is set to kick off a groundbreaking proof of concept (PoC) for the GSMA SGP.32 standard, marking a first for the country and opening new avenues for businesses seeking enhanced connectivity solutions.

    New Frontiers in Connectivity

    This collaboration allows Globe to pilot the latest GSMA specifications, offering scalable, flexible, and secure connectivity tailored for enterprise IoT applications. Central to this initiative is Thales’s Adaptive Connect Services, which will facilitate the integration of the SGP.32 eSIM IoT Remote Manager and Fleet Manager—tools designed to tackle a variety of regional and local challenges head-on.

    Building a Regional Network

    Bridge Alliance, which includes notable telecom operators like Singtel from Singapore, Optus from Australia, and AIS from Thailand, will oversee the project management. The consortium is committed to ensuring the technology’s regional readiness while simulating cross-border applications among its members. This collaborative effort will also enable Thales to showcase the interoperability of its platform with the new SGP.32 standard, a move that could set the stage for a game-changing shift in enterprise connectivity.

    Empowering Enterprises with eSIM Technology

    The PoC is poised to demonstrate how businesses can efficiently manage IoT devices via eSIMs, enabling features such as remote bulk provisioning, SIM profile switching, seamless interconnectivity, and rapid activation. “With the PoC, we are laying the groundwork for IoT deployments that meet the evolving needs of Philippine enterprises,” stated Globe President and CEO Carl Cruz. “Our goal is to simplify how businesses connect their devices and help them unlock greater efficiency, flexibility, and reach.”

    Security and Seamlessness for Client Success

    Jon Cahilig, Thales Asia’s Head of Sales for Mobile Connectivity Solutions, praised the integration of Thales’s solutions with Globe and Bridge Alliance services. He emphasized that this collaboration will offer enterprise clients a secure and seamless platform to manage their IoT connectivity needs. “This also provides an opportunity for all IoT companies to introduce their SGP.32 devices to a broad market when they participate in this collaborative project,” he added, hinting at an expansive future for IoT innovations.

    Looking ahead, Globe plans to launch the PoC in the third quarter of 2025, following final development steps. The initiative will continue until SGP.32-compatible devices are commercially available. Upon readiness, Globe intends to invite original equipment manufacturers (OEMs) and its business clients to explore and test their IoT devices on the new platform.

    Questions & Answers

    How does the partnership between Globe Telecom and Thales enhance IoT connectivity in the Philippines?
    The partnership allows Globe to test advanced GSMA specifications for secure and scalable IoT solutions, simplifying how businesses connect their devices and increasing efficiency.

    What is the role of Bridge Alliance in this collaboration?
    Bridge Alliance will manage the project and ensure regional readiness of the technology, facilitating cross-border enterprise applications among its member operators.

    When will the proof of concept begin, and what will it offer to businesses?
    The PoC is set to launch in the third quarter of 2025; it will provide businesses with a platform to manage IoT devices through features like remote provisioning and SIM profile switching.

  • T-Mobile is phasing out plans with included taxes and fees starting tomorrow

    T-Mobile is phasing out plans with included taxes and fees starting tomorrow

    T-Mobile recently introduced new plans where customers were quick to notice that the taxes and additional fees were no longer factored into the price. Now, according to multiple people claiming to be T-Mobile representatives, it seems that the company is doing away with its older plans entirely.

    One T-Mobile user claiming to be an employee at an authorized retailer has revealed that representatives will no longer receive commissions for activating older plans. This claim was backed up by multiple other people claiming to be employees of the carrier as well. Apparently T-Mobile has instructed store personnel to push the new plans only and stay away from plans that include taxes and fees in the price.

    Another user claiming to be a T-Mobile employee as well has also shared the same news in a separate post. The new instructions are to take effect from May 1 and will make it a lot more difficult to go to a store and sign up for a plan with included taxes and fees. Understandably representatives at these stores want to earn their commissions and will be very hesitant about activating an older plan.

    This decision comes after T-Mobile faced backlash online for introducing pricing updates to existing plans. Customers claimed that their plans, which had been marketed to them as price locked forever, also saw increases in monthly cost. Since then T-Mobile has been a lot more careful about promising price locks and new offers clearly state how long such guarantees will last.

    Naturally the revelation about older plans being no longer incentivized for store employees was met with criticism. One user even said that T-Mobile, which calls itself the “un-carrier”, is now just becoming another carrier company like AT&T or Verizon. AT&T and Verizon don’t offer plans with included taxes and fees and T-Mobile only started doing so around eight years ago.

    Including the taxes and fees in the price upfront makes it a lot easier for customers and employees. In fact representatives say that T-Mobile has gone back in time with its latest moves and they now have to once again tell customers that taxes and fees are separate. To me this feels like T-Mobile is getting ready to completely phase out plans with included charges in the near future.

  • The Coffee House operator posts $10 mln loss

    The Coffee House operator posts $10 mln loss

    Seedcom, the operator of The Coffee House beverage chain and June fashion outlets, posted a loss of nearly VND240 billion ($10.45 million) last year due to Covid-19 impacts. The loss increased by nearly 24 percent from 2020.

    Its debt-to-equity ratio rose by 26 to 69.5. It had nearly VND1.48 trillion in debt by the end of the year.

    Last year, it raised VND50 billion in bonds with a coupon rate of 12 percent per annum.

    The negative figures came as most of Seedcom’s business, including The Coffee House, Juno and another fashion brand Hnoss, had to shut down or operated with limited capacity for months due to social distancing.

    The Coffee House last year launched a kiosk model to focus on selling takeaways in crowded areas like supermarkets or main roads.

    But so far only two such kiosks have been opened in Ho Chi Minh City, despite CEO Le Ba Nam Anh’s plans to open a large number of such facilities.

    Seedcom, established in 2014, also owns delivery companies AhaMove, Giao Hang Nhanh and retail chain Kingfoodmart.

    Last year it branched into finance by partnering with Thai bank Kvision to provide payment and loan services to small and medium companies, focusing on cashless finance.

    It also sold farming unit Cau Dat Farm, which grows and processes coffee, to Nova Consumer under NovaGroup to focus more on retail.

  • Simon pulls out of merger deal with Taubman

    Simon pulls out of merger deal with Taubman

    US mall operators Simon Property Group and Taubman Centers have called off their planned merger, citing the impact of Covid-19 on the retail industry.

    Simon was to buy an 80-per-cent interest in Taubman, with the Taubman family retaining a 20 percent stake in a US$3.6 billion deal. Taubman owns, manages and/or leases 23 super-regional shopping centres in the US and three in Asia via its Hong Kong-headquartered Taubman Asia business.

    Simon says it was pulling out of the deal because it believed Taubman’s properties were “disproportionately hurt” by the pandemic due to their location in densely populated cities and tourist locations and had high-end tenants whose sales had been hit particularly hard this year.

    However, Taubman has indicated it will fight to protect the deal, arguing the decision was without merit and plans seek damages from Simon.

    The Asian properties which would have been part of the merger are the Starfield Hanam in South Korea, ​and the Chinese properties CityOn Xi’an and ​CityOn Zhengzhou.

  • U.S. actions killed Huawei’s 2020 dream

    U.S. actions killed Huawei’s 2020 dream

    Back in early 2016, the head of Huawei’s consumer division, Richard Yu, said that in five years Huawei would be the top smartphone manufacturer in the world. In 2015, the company had delivered 104.1 million handsets worldwide and had become more familiar to Americans thanks to the Nexus 6P. Huawei and Google teamed up to produce the device. Things did not go well for Nexus 6P users as they suffered from a boot looping problem and another issue that drained the battery so fast that the device would just shut down.

    Thanks to a settlement of a class-action lawsuit, Nexus 6P owners who suffered through both issues received $400 while owners of the phone who had no issues received $29.11 each. In retrospect, the Nexus 6P release was the start of Huawei’s problems in America. But Huawei still had its eyes on the prize; in November 2018, Yu once again expressed Huawei’s goal of topping Apple and Samsung and had it not been for the actions taken by the U.S. to quash Huawei’s momentum over the last year, the company could be on the way to replacing Samsung on the throne.

    Because of Huawei’s perceived ties to the communist Chinese government, last year the company was placed on the Commerce Department’s Entity List which prevents Huawei from accessing its U.S. supply chain; in 2018, Huawei spent $18 billion buying supplies in the U.S. While Huawei is able to find workarounds for many of the components it once sourced from the U.S., it cannot find a replacement for the Google Mobile Services version of Android. Unable to sign a licensing deal with Google, the latter’s core Android apps like Search, Gmail, Maps and YouTube are not allowed to run on Huawei’s domestic models including last year’s Mate 30 flagship line and this year’s P40 series. This doesn’t matter inside China where Google’s apps are banned anyway but does hurt sales of global models.

    Huawei’s rotating chairman Eric Xu said that in 2019, the company fell short of its internal revenue estimate by $12 billion dollars. Most of that shortfall came in the consumer division which includes smartphones. Still, last year Huawei shipped 240 million handsets, 17% more than the 205 million it delivered in 2018 allowing it to top Apple and become the second-largest smartphone manufacturer in the world. But the Chinese manufacturer’s market share declined from the 18.9% it achieved during the first quarter of 2019 to 15.2% during the fourth quarter of 2019. Huawei’s slice of the global smartphone pie rose to 17.8% during this year’s first three months, but it was still lower than the company’s share during the same quarter one year earlier.

    And then on the anniversary of its inclusion on the Entity List, the U.S. landed an even harder blow to Huawei by changing an export rule. Now, any foundry that uses American technology to produce chips for Huawei and its HiSilicon unit must obtain a license to ship those chips to the company. This is aimed mostly at TSMC, the largest independent foundry in the world. The company can still ship chips to Huawei made from wafers in production on May 15th but they must be delivered by the end of the second week of September. Huawei hopes that this will allow it to receive enough cutting-edge chips for it to build enough units of its flagship Mate 40 series to carry it through the year.

    Data indicates that Huawei’s game plan is to aim for huge success in its home market where its Q1 2020 share has risen to 42.6% from 35.5% during last year’s first quarter. And it also has found success selling older models outside of China; these models are old in the sense that they were originally released prior to the bans and are allowed to run Google’s Android apps. This has allowed the firm to raise its market share in central and eastern Europe according to Counterpoint Research. And IDC says that during the second quarter, Huawei increased its market share in Latin America on an annual basis. IDC’s Bryan Ma, vice president of devices research for the researcher says, “In mature markets outside of China, the lack of Google services is a big problem for its flagship phone ambitions. Huawei can temporarily get around it by focusing on older, lower-end models in selected developing markets, but that can only go so far.”

    Already, there are signs that in Western Europe, Huawei’s homegrown competitors like Oppo and Xiaomi are taking advantage of the fact that their newer and more powerful phones can run Google apps and Google Mobile Services. In Western Europe, Huawei’s market share fell during the first quarter from 24.3% last year to 18.2% this year. During the second quarter in India, Huawei’s share declined from 3.4% in 2019 to 0.4% in 2020.

    With this in mind, it would appear that Samsung won’t have to worry about its reign as the top global smartphone manufacturer coming to an end this year.

  • Seven & I drops Speedway US bid

    Seven & I drops Speedway US bid

    7-Eleven operator Seven & I has canceled its plans to purchase the American petrol station chain Speedway.

    The deal was terminated because the expected asking price of around US$22 billion was considered too pricey by the group’s board of directors. The acquisition was hoped to be a vehicle for the group’s expansion in the US with Speedway’s approximately 4000 locations coupled with convenience stores.

    A report in Nikkei suggested factors implicated in the canceled deal could include the risk of significant loss if revenues failed to meet expectations and the potential decline of the industry in general in the age of online shopping

    The American convenience store chain has been wholly owned by Seven & I since 2005. It currently has around 9000 outlets.

  • Going into 5G, don’t forget security

    Going into 5G, don’t forget security

    For years telco revenues as measured in Average Revenue Per User (ARPU) have been on a decline. As consumers and business acquire a taste for broadband and mobile broadband connectivity, operators are pressured to offer bigger and faster pipes and to do so more cheaply lest competition from OTTs and mobile virtual network operators (MVNO) take home the bacon. We have reached a point where telcos are finding themselves becoming almost exclusively connectivity vendors– what some call “the pipe business”.

    As Gunter Reiss, vice president of strategy at A10 Networks, tells it, that a lot of operators want to get out of being labeled a telco – a connectivity provider.

    He cites the comment made by Johan Johan Wibergh, chief technology officer at Vodafone: “We want to become a technology provider. We want to become a service provider to the enterprise community.”

    Based on what we understand about 5G technology, this may just be what the industry is praying for. Some believe that 5G features like network splicing, enhanced mobile broadband, ultra reliable low latency communications and massive machine type communications, are all geared towards the performance requirements of enterprises.

    To date, a number of telcos in Asia and around the world are making significant investments in 5G with the intent to target enterprise opportunities. One area that has always lagged when it comes to understanding and planning for is around security.

    At the 2019 Total Security Conference, a chief security officer speaking at a panel noted that “if you want to stay secure from cyber threat, then stay out of the internet.” However, the reality is that the internet has become so embedded into everyday living and business that it would be a business suicide if any business stays out of it.

    So for telcos, the challenge is building infrastructure, including 5G-based connectivity solutions, that appeal to the risk appetite of their enterprise customers.

    In an exclusive with Telecom Asia, Reiss opens up to the threats and opportunities operators must face as they rise to the 5G challenge.

    Given that operators will need to invest more around security as part of their 5G rollout. How do they monetize in these investments?

    Gunter Reiss: There are two ways:

    First, every operator has to protect their own infrastructure because the system is their bread and butter.

    Secondly, we see a lot of operators today starting to offer managed security services to enterprises. Cloud providers are doing the same thing.

    Instead of buying a DDoS appliance directly for your premises, you want a DDoS service – literally just buying it as part of your connectivity, or part of any of the other specific IoT services you would buy from a mobile operator. You would add the security services on top of it.

    This is why service providers and mobile operators in the 5G world will finally become a true service provider and partner to the enterprise community.

    This is how they will monetize their investments, including security.

    As operators near 5G rollout, what remains their biggest concern?

    Gunter Reiss: That would be – “How can we protect our mobile infrastructure?”

    It’s the same as what they have now with 4G – just with 5G, they realize that they have more points to protect. If you think about it in 4G it was the GI-LAN infrastructure they just needed to protect – and it doesn’t scale. Scale requirements just weren’t there.

    But what we see now, they have to protect the peer points. They have to protect the mobile edge – this is what they are building the architecture for. That’s the conversations we have with them.

    There is another aspect – our latest DDoS weapons report revealed more than 23.5 million DDoS weapons all around the world. The largest number is more than 6 million in China, followed by 3 million in the US. And as you go into each country, we can actually highlight how many DDoS weapons there are. This is important for operators because this is a proactive defense of your infrastructure.

    So that’s basically how we help these operators to protect the infrastructure. And again, it doesn’t really matter if they’re on 4G right now. They are realizing that they have to protect the infrastructure. They have to start planning, investing and allocating budgets for the protection of the mobile infrastructure along the journey to 5G.

    You don’t want to wait and suddenly say, “Now that I’m launching 5G, it’s time for me to adjust my security architecture or infrastructure, and how I deal with connectivity suppliers.”

    As operators look to harness the non-traditional business opportunities presented by 5G, including areas like Smart Cities, what should I be looking at as an operator?

    Gunter Reiss: What you should look at is in order to support – ultimately as an operator – you need to increase your ARPU, you want to sell more services.

    Now, particularly then with 5G, you need to build relationships with the various industries from smart cities, to governments, to hospitals, to whatever industry it is. And, of course, in that way, industry explosion of the IoT endpoints – depending on what data you trust – up to 35 billion over the next years.

    When you take all that into consideration, you have to protect your infrastructure all the way, obviously, to where the IoT endpoints get connected, and as a consequence you need a comprehensive security architecture.

    And the only way to really be able to manage the scale requirements is with Intelligent Automation.

    And this is where you leverage machine learning algorithms, any AI type of capabilities and analytics to get more visibility about your network and your application environment in order to really be able to secure your infrastructure. The complexity is just getting that much larger than what these operators are dealing with today.

    This is basically the straightforward message I try to explain to them.

    It’s not about how cyberattacks will come through the internet anymore. They come through those peering partners, and they come directly from the IoT devices which get weaponized from the phones. So, you have to have protection right away at the mobile edge.

    And for this, you need to leverage automation capabilities.

    As activities around 5G accelerate in 2019, what’s your expectation?

    Gunter Reiss: 5G is still in its early stage. I think we will see over the next 12 months a lot more operators commercially launching 5G services with various used-cases.

    And I would say that at least within this year, we’ll see between 20 and 30 mobile operators launching new commercial services around the world.

    But 2020 is going to be, I think, that big push where more operators will come with 5G commercial services. And this, from an A10 perspective, is the opportunity. We are working with a lot of them already right now under 4G virtualization developments and securing the 4G virtualized and NFV type of environment.

    Now that they are future proof and ready, from a scale perspective, to take that all the way into this full 5G architecture.

    As I mentioned before, for some time, we will see a hybrid type of 4G / 5G network architecture. Then some of those early adopters will go out with the 5G standalone, network architecture.

    Even if the operator is not launching 5G yet in 2019, they’re already working and starting to work with us on their plans towards 5G and how to protect that infrastructure. This is why we are super thrilled and excited about it.

  • HKBN cleared to merge with WTT

    HKBN cleared to merge with WTT

    HKBN has secured approval from the Communications Authority to complete its acquisition of WTT Holding after making new commitments to the regulator.

    HKBN and WTT revealed plans in August last year to merger through an all stock deal valuing WTT at HK$10.5 billion.

    But the Communications Authority subsequently announced that it had identified a number of competition issues that could arise under the merger, and warned it may conduct a formal investigation into the merger.

    These issues included concerns that competing operators could face difficulty accessing buildings that are not exclusively for residential use where both companies already have equipment in order to compete with the combined company.

    The authority also raised concern that downstream rivals may become locked into wholesale agreements with the combined company, making them captive customers.

    To address these concerns, HKBN and WTT made additional commitments in January, and subsequently revised them in response to feedback from the regulator.

    Under the revised commitments, the combined company has agreed to facilitate access to any elements of its in-building communications systems in relevant buildings that will be required for rivals to serve non-residential customers.

    The merged company would also agree to provide wholesale services on existing or no less favorable terms to downstream rivals for three years after the date of the revised commitments rather than two.

    With these commitments, the authority said it is satisfied that its competition concerns have been effectively addressed, and now does not intend to commence an investigation into the deal.

    HKBN said the company is now on track to complete the acquisition by the end of the month. The company has appointed two new directors that will represent the new major shareholders it will be acquiring through the transaction. Zubin Iraini will represent TPG Capital Asia, and Teck Kong will represent MBK Partners.

    Meanwhile HKBN has selected current HKBN Enterprise Solutions COO Billy Yeung to assume the dual role of CEO of HKBN Enterprise Solutions and CEO of WTT and lead the integration of the companies.

    Current WTT CEO Vincent Ma will retire from the role immediately upon completion of the transaction.

  • Mobitel to invest $50m in 5G this year

    Mobitel to invest $50m in 5G this year

    Sri Lankan national mobile service provider Mobitel has revealed plans to invest $50 million this year to deploy a 5G network and upgrade its network infrastructure.

    The operator, a wholly-owned subsidiary of Sri Lanka Telecom, has commenced 5G trials ahead of a planned rollout.

    While Sri Lanka was the first country in South Asia to introduce 3G and 3.5G technology, Mobitel does not expect it to be the first to introduce 5G, the report states.

    Meanwhile Mobitel has been investing heavily to upgrade its 3G network to 4G, having spent around $100 million to convert around 100 3G base stations. The operator plans to continue the 4G upgrade, with plans to soon switch off its 3G network.

    Mobitel has now invested around $600 million over its 25 year history. But despite heavy investments and foreign exchange losses, the company managed to increase its revenue by around 10% last year.

    Mobitel is the second largest mobile operator in Sri Lanka after Dialog Axiata, with around 22.6% market share.

  • Tower market to grow at 4.56% CAGR from 2019-24

    Tower market to grow at 4.56% CAGR from 2019-24

    The global telecom tower market is on track to grow at a CAGR of over 4.56% between 2019 and 2024, according to Research and Markets.

    In a new report, the research firm stated that tower sharing has become one of the major growth drivers for the telecom industry as the tower leasing concept takes hold.

    This leasing concept has enable mobile operators to invest heavily in developing their infrastructure in rural areas, which is in turn bringing in new revenues to tower operators.

    Major market trends include expected significant growth in demand for lattice telecom towers, designed to manage heavy loads making them suitable for central communication hubs and backbone sites in disaster-prone areas.

    The primary purpose of a lattice tower is to support more than one antenna for communication purposes.

    The report also notes that the telecom tower market is currently highly competitive, with several major players dominating the market in terms of total share. These include India’s Bharti Infratel, China Tower – the joint venture established to operate the towers of China’s big three mobile operators, Helios Towers Africa and American Tower Corporation (ATC).

  • M1 to be delisted after crossing buyout threshold

    M1 to be delisted after crossing buyout threshold

    Konnectivity Corp has succeeded in its takeover attempt for Singapore’s third largest operator M1 and will now take the company private. Konnectivity, the joint venture established by major M1 shareholders Keppel Corp and Singapore Press Holdings, has announced in a stock exchange filing that its share in M1 has now crossed the 90% threshold.

    With fewer than 10% of shares now owned by the public, M1 now no longer meets the threshold of listing on the Singapore stock exchange and will be delisted.

    Remaining shareholders will have until March 18 to accept the S$2.06 ($1.52) per share buyout offer if they do not want to own shares in a delisted company.

    Keppel and SPH first mounted their buyout offer for M1 in January, after announcing an intention to do so in December. Their joint venture Konnectivity gained majority control of M1 in mid-February.

  • StarHub pursuing network sharing to cut costs

    StarHub pursuing network sharing to cut costs

    Singapore’s StarHub has revealed it is pursuing network sharing arrangements to further cut costs, after announcing a planned 12% reduction in the operator’s workforce.

    The operator could reach a commercial network sharing agreement shortly and be reaping financial benefits by the end of next year, the company’s CEO Peter Kaliaropoulos.

    The company’s new CEO, who took his position in July, said sharing of facilities is a necessity once an industry hits maturity.

    StarHub and smaller rival M1 have already indicated that they are evaluating further collaboration on mobile infrastructure sharing to reduce costs.

    Earlier this month, StarHub announced it will cut 300 jobs as part of cost reduction efforts aimed at saving S$210 million ($152.3 million) over the next three calendar years.

    According to the report, Kaliaropoulos believes StarHub needs to be leaner and more agile and focus its resources on growth areas such as its enterprise business.

    The company is under particular pressure due to the recent entry of Australia’s TPG as Singapore’s fourth mobile operator. Kaliaropoulos warned that the Singapore market may not be large enough to sustain four mobile operators, hinting that the smallest player may find it difficult to survive.

  • Satcom Direct to distribute Intelsat’s FlexExec service

    Satcom Direct to distribute Intelsat’s FlexExec service

    Satellite operator Intelsat has teamed up with business aviation connectivity provider Satcom Direct to provide in-flight broadband connectivity to business jets globally. Satcom Direct has become the first solution partner and master distributor for Inmarsat’s FlexExec service for the business aviation sector. The company will add FlexExec to its new SD Xperience portfolio.

    Under the agreement, Inmarsat will provide Satcom Direct with immediate access to Intelsat’s Ku-band satellite fleet including its high throughput satellites.

    FlexExec is designed to differentiate from the competition by not sharing capacity with commercial aviation or customer broadband customers to provide business jet owners with guaranteed provide seamless, on-demand connectivity.

    “We are delighted that Satcom Direct has chosen FlexExec to be a part of their SD Xperience platform,” Intelsat VP and GM for mobility Mark Rasmussen said.

    “The global footprint, resiliency, redundancy and flexibility of FlexExec’s seamless Ku-band platform will ensure that passengers can easily extend fast, high quality broadband connectivity from their office into the skies.”

  • Softbank said to pick banks to lead $27b mobile IPO

    Softbank said to pick banks to lead $27b mobile IPO

    Japan’s Softbank has reportedly selected the banks that will serve as lead underwriters for the IPO of its domestic mobile business. The operator has picked banks including Nomura Holdings, Mizuho Financial, Sumitomo Mitsui Financial, Goldman Sachs and Deutsche Bank to underwite the offer for around 3 trillion yen ($26.82 billion) worth of shares, citing unnamed sources. This would make the IPO the largest ever, beating Alibaba Group’s $25 billion IPO from 2014.

    According to the sources, Softbank currently plans to start marketing the IPO next month and could list shares on the Tokyo Stock Exchange by mid-December, but this timing is subject to change.

    Softbank’s founder Masayoshi Son is seeking to squeeze value from its telecoms assets to raise funds for his Vision Fund, which aims to raise $100 billion from global investors every two to three years to invest in promising startups and emerging technologies.

    The operator is expected to market most of the shares on offer to Japanese investors.

  • Optus Business expands managed solutions portfolio

    Optus Business expands managed solutions portfolio

    Australia’s Optus, through subsidiary Optus Business, has expanded its line-up of fully managed ICT solutions for enterprises.

    The operator has added contact center, security and storage solutions to its Optus GO portfolio of managed services.

    Optus GO Contact Centre provides cloud based contact center capabilities including management of inbound and outbound calls, chat and email. Optus GO Security includes email and web protection based on cloud security architecture, and Optus GO Storage provides as-a-service flash storage for data centers.

    The Optus GO managed ICT solutions suite, which launched in February, already included connectivity, collaboration and cloud services for businesses of all sizes.

    “The Optus GO solutions were created in response to our customers who are looking for the benefits of ICT solutions without the cost or burden of ownership and management,” Optus Business managing director John Paitaridis said.

    “We designed Optus GO to save our customers time and money by simplifying technology, delivering connectivity and ICT as an end to end solution in a secure and managed environment.”

    He said Optus GO aims to provide enterprise customers with the core computing foundations to support the business opportunities that will be afforded by emerging technologies including IoT, advanced analytics, AI and 5G.

    Optus is a wholly-owned subsidiary of Singapore’s Singtel Group.