SINGAPORE (CNA) – Singtel said on Friday it had begun a strategic review to consider options for digital marketing firm Amobee and cybersecurity business Trustwave. Singtel said it expected to record net exceptional losses of SGD1.21 billion in its full-year results, mostly due to impairment of assets and goodwill at the two businesses. Singtel has […]
Hundreds of Australian broadband technicians stop work
Hundreds of Australian broadband technicians have walked off the job in recent days in protest over low pay, “pyramid” contracting and an unworkable job scheduling platform.
The Communications Electrical and Plumbing Union (CEPU) has staged a series of protests in an effort to divert the anger of workers behind the corporatised unions and the Labor Party in the lead-up to the next federal election. The aim is to prevent a broader movement of workers across the logistics and telecommunications sectors amid stepped-up pro-business restructuring, and to direct the contractors back behind union-company negotiations.
Malaysia’s single wholesale 5G network gambit draws critical questions By Edwin Yapp April 28, 2021
No other country uses SWN for 5G rollout; risky to try
Some pros to doing so but outweigh by cons, analysts say
ANALYSIS: MALAYSIA’S audacious and controversial plan to employ a single wholesale network (SWN) in its bid to build the country’s next generation 5G network has met with a continuum of views, with some in the industry questioning whether it is the best course of action.
Along with the federal government, there are some who believe that employing an SWN would save telco mobile operators billions of capital expenditure (capex), forcing them to concentrate on introducing innovative services, as well as to not duplicate building infrastructure, and bring much-needed high speed bandwidth to rural areas.
NBN Co to pay down govt debt with $2B US bond raise
NBN Co to pay down govt debt with $2B US bond raise
The proceeds will be used for general corporate purposes, including the refinancing of NBN Co’s federal government loan and to fund future capital expenditure plans. Credit: NBN Co
Australia’s National Broadband Network (NBN) builder, NBN Co, has undertaken its inaugural finance raising effort in the United States capital markets, pricing a US$2 billion bond issue.
The issue was made up of a five-year bond of US$750 million and a 10-year bond of US$1.25 billion. The network builder said the five-year bond would mature in May 2026, while the 10-year bond is set to mature in May 2031.
A senior Chinese diplomat has blamed Australia for hurting the relationship between the two countries in a bizarre speech in Canberra.
Deputy head of mission Wang Xining, rattled off a diatribe of Communist Party propaganda at the National Press Club on Wednesday, warning Australia that China is like an ox, not a cow .
The Wolf Warrior diplomat told the confused crowd that in Chinese tradition the ox represents strength, resilience and perseverance and is a sign of good fortune. We, Chinese, love to present and describe ourselves, as hardworking cattle – like ox, Mr Wang said. We like to share our yoke with all partners to plough through the difficulties caused by Covid-19. but at the same time China is not a cow.