The deal will see America Tower Corporation rise to the top 5 players in the African continent, with Kenya alone having 41 million mobile subscribers. The deal appears to be long term cost synergies. On Monday, America Tower Corporation stated it will acquire Telkom Kenya’s transmission towers business for an undisclosed amount. The deal, expected…
Although Cognizant reported a revenue rise of 10%, its net income for the first quarter fell to $520 million compared to $557 million from a year ago. On Monday, Cognizant Technology Solutions Corp, an IT services company, stated, its revenues have risen by 10% stemming from higher spending by clients in the healthcare and financial…
Egypt has been identified as the world’s third fastest growing economy – trailing only India and Uganda, by a recent Harvard report. The annual economic growth of Egypt is expected to reach 6.63 percent by 2026 according to the Global Growth Projections report unveiled by the Center for International Development (CID) at Harvard University. Uganda…
Anheuser-Busch, the largest beer manufacturers in the world has reportedly placed order for “up to 800” electric trucks with Nikola Motor Co. – a Arizona-based electric truck producer, the auto manufacturer announced recently. Nikola said that the 2019 Consumer Electronics Show would be the occasion when it would unveil its a final production version of…
The deal essentially acts as a point of entry for Wal-Mart into India’s highly competitive e-commerce market. Flipkart and Wal-Mart can finally level the playing field against Amazon.com, the world’s biggest online retailer. On Friday, as per a Bloomberg report citing anonymous sources, Indian e-commerce giant Flipkart has agreed to sell an a 75% equity…
The European Bicycle Manufacturers Association (EBMA) has alleged that Chinese e-bike exports are, at times, below the cost of production. On Thursday, the EU official journey stated the European Commission has subjected the import of electric bicycles (e-bikes) from China subject to registration. This is part of a series of investigations launched by the European…
3D printed parts are likely to be a game changer for the auto industry. In GM’s case, the adoption of AI to make parts has resulted in creating a part which is 40% lighter and 20% stronger and has significant drop in the number of components required for the part to function. Its a giant…
Flipkart is likely to provide Wal-Mart the leverage it needs to fight Amazon.com in India and globally, making the purchase of a stake in Flipkart very strategic. On Wednesday, sources familiar with the matter at hand have told CNBC-TV18 that Amazon.com Inc has made a formal offer to purchase a 60% stake in Indian online…
Tesla has dismissed the lawsuit saying it has no merits. Nikola Motor Co, a maker of hydrogen-powered semi trucks, has filed a lawsuit Tesla Inc for alleged infringements on its patent design. In a court filing, Nikola Motor stated Tesla Inc’s Semi, its first electric heavy duty truck, is “substantially” similar to its design. According…
Video content on Twitter has doubled in the last 1 year. In a move designed to attract online viewerships, and gain advertising revenues, Walt Disney Co stated it will create news, live sports and entertainment programming specifically for Twitter Inc’s social network. Disney’s peers, including MSNBC, NBC, and Viacom Inc’s Comedy Central, BET and MTV…
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