5G participation will be based on technology and strategic national security interests: Le Maire

France will allow Huawei to bid for building its 5G network. In a significant development, French Finance Minister Bruno Le Maire disclosed, France will not rule out specific operators for establishing its 5G telecoms network and that participation of the players will be based on security and performance of networks. The comments come in the…

Sweden to tighten telecom operation laws

Sweden aims to tighten telecom component suppliers and operators who don’t meet sufficiently high security standards. Anders Ygeman, Sweden’s minister for digital development stated, Stockholm wants to tighten regulatory requirement for telecom suppliers and operators. Sweden’s concerns comes in the midst of heightened concerns revolving around network security. “We want to be able to exclude…

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London-based Meniga acquires Sweden-based Wrapp for undisclosed amount

The acquisition is aimed at increasing its foothold in the Nordic region. As per a statement from Meniga, a London-based fintech company, it is acquiring its Sweden-based peer Wrapp for an undisclosed amount. The acquisition is aimed at increasing its footprint in the Nordic region. Both companies provide merchants the ability to offer personalized rewards…

Facebook to invest more than $1 billion in its 1st data center in Singapore, Asia

The expansion comes midst increased demand for cloud and mobile computing and e-commerce from countries across Asia. On Thursday, Facebook disclosed it would sink in more than $1 billion in its first data center in Asia which will be located in Singapore. It is slated to open in 2022. Facebook’s data center will be located…

Shares of Swedish biometric firm Fingerprint Cards come to a grinding halt

“The reason for suspension is due to non disclosure of inside information,” said Nasdaq Stockholm in a statement. Trading in the shares of Fingerprint Cards (FPC) came to a halt on Tuesday following the issuance of a warning by a brokerage firm to analysts that the Swedish biometric firm faced too high market expectations for…