Hondutel needs cash fast

Americas

State-owned telecoms operator Empresa Hondurena de Telecomunicaciones (Hondutel) urgently needs around USD600 million in funding to modernize its aging infrastructure and meet its debt obligations if it is to survive in a liberalized telecommunications market, La Prensa reported. The article state the company has reduced its net losses during the first half of the year […]

Hawaiian Telcom joins submarine consortium

asia

Hawaiian Telcom Holdco Inc., through its indirect wholly-owned subsidiary Hawaiian Telcom Services Company Inc., has joined other international telecommunications companies to form the Southeast Asia – United States (SEA-US) consortium to build and operate a trans-Pacific submarine cable system, connecting Indonesia, Philippines, Guam, Hawaii and California by the end of 2016. Internet traffic is growing […]

MCIT sets unified licensing plan date

Africa

Egypt’s Ministry of Communication and Information Technology (MCIT) set the beginning of September to begin the its unified licensing regime, Daily News Egypt reported. Ministry spokesperson Mohamed Hanafy said the nation’s three mobile network operators – Vodafone Egypt, MobiNil and Etisalat Misr – have signed off on the license terms. TeleGeography CommsUpdate reported last April […]

Europe joins 5G race

europe

Leading communications companies and research organizations have launched a European Union project to develop the future 5G cellular mobile networks. According to a press release, a consortium of 15 operators, vendors, research centers and academic institutions have launched “MiWaveS” (Millimeter-Wave Small Cell Access and Backhauling), a collaborative project whose goal is to develop millimeter-wave (mmW) […]

CWC to purchase Grupo Sonitel

America

United Kingdom-based Cable & Wireless Communications (CWC) has agreed to acquire Panama-based Grupo Sonitel, a provider of end-to-end managed IT solutions and telecoms services to business and government customers in Panama, El Salvador, Nicaragua and Peru, TeleGeography CommsUpdate reported. Price of the acquisition is estimated to be USD36 million plus contingent consideration of up to […]