On Tuesday, in an interesting turn of events, China unveiled its global data security initiative to oppose data theft by using information technology to undermine key infrastructure, and forcing companies to store data generated overseas in their home country. In a statement, China’s State Councillor Wang Yi said, the initiative calls for tech companies to…
In a significant development, Samsung Electronics has won a $6.64 billion order to provide wireless communication solutions to Verizon in the United States. The development marks the bagging of a major order by the South Korean company in the burgeoning 5G telecommunications market. The company’s global prospects have risen significantly following U.S. sanctions on Huawei,…
On Sunday, Israeli chip manufacturer Tower Semiconductor said, some of its systems have been hit by a cyber attack as a result of which it has placed on hold some of its manufacturing operations. “Tower has notified relevant authorities, and is working closely with law enforcement organizations and with a leading team of worldwide experts,…
According to sources familiar with the matter at hand, KKR-backed cybersecurity startup KnowBe4 Inc, is preparing for its U.S. initial public offering (IPO). The startup helps train employees to detect phishing emails. In 2019, KnowBe4 had raised $300 million in a private fundraising round led by buyout firm KKR & Co. It has now engaged…
On Thursday, in a report, India’s Mint newspaper stated, the world’s biggest e-commerce retailer Amazon.com Inc and U.S. wireless carrier Verizon Communications Inc are likely to invest more than $4 billion to buy a stake in Indian telecom firm Vodafone Idea Ltd, citing two sources aware of the negotiations.
In a statement, the Federal Communications Commission (FCC) said, a unit of Verizon Communications Inc has won multiple bids worth around $1.9 billion during the auction of a key spectrum block in the 3.5 GHz band. Totally, 228 bidders won bids worth nearly $4.6 billion for the mid-band spectrum block. The auction of the spectrum…
On Thursday, in a statement the British government said, it has cleared the 700 MHz band of airwaves following a four-year program that involved returning nearly 20 million TV sets, and freeing up new capacity to for the auction of 5G mobile services in January 2021. Releasing the spectrum will help increase the total amount…
According to sources familiar with the matter at hand, Bumble, a dating app, is preparing for an initial public offering (IPO), which could see the company being valued between $6 billion to $8 billion. Bumble’s IPO could come early next year, said a report from Bloomberg citing sources. Sources cautioned that Bumble’s IPO plans have…
On Wednesday, in a statement Exxon Mobil Corp said, it has started a voluntary redundancy programme for its Australian employees, as means to mitigate the current predominant “unprecedented” market conditions. The voluntary redundancy programme is being offered to all employees in Adelaide, Sydney, Melbourne, Gippsland, and Perth, said Exxon in a statement. When asked to…
In a significant development, Facebook Inc disclosed that it has partnered with external researchers to examine its impact during the crucial 2020 U.S. presidential election. The findings of the studies will be published in the middle of 2021, at the earliest. The initiative expands its Social Science One project wherein academics study the political impacts…
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