Author: ITPulse

GlobalData has highlighted five technology industry deals that accounted for 36.8 percent, representing $48.16billion of the overall value of $131.01billion deals that took place in the second quarter of 2020. The top five technology industry deals tracked by GlobalData are the merger of O2 Holding and Virgin Media for $18.82billion and the $9.39bn merger of GCI Liberty by Liberty Broadband Corporation. Others General Atlantic Singapore Fund, Internet Opportunity Fund, Jinbo Yao, Ocean Link, Tencent Holdings and Warburg Pincus Asia’s $8.7bn private equity deal with 58.com, the $5.7bn acquisition of Jio Platforms by Facebook and Cinven Capital Management, KKR &Inc, Lorca…

Spending by communications service providers (CSPs) on 5G network infrastructure globally will reach $8Billion in 2020 up from $4.2 billion in 2019, with China accounting for 49 percent of global spend, analysts at Gartner have predicted. Gartner attributes the spending growth rate for 5G to the rush in the commercial launch by operators globally, which is down from the huge 577 percent recorded between 2018 and 2019. Meanwhile, investments in 4G are expected to total $16.4 billion as it remains the technology with the highest network expenditure, though this is down from $20.6 billion in 2019. According to Gartner Research…

The President of Huawei’s Carrier Business Group, Ryan Ding has explained how the outbreak of the Covid-19, mandating social distancing measures had driven a new wave of efficiency across the company, as it applies digital technologies to more internal processes. Mr. Ding said with the outbreak, Huawei has introduced electronic bidding, contract signing and invoicing, along with integrated purchase orders, making the Original Equipment Manufacturer (OEM) to make contactless transactions a reality, reduce personal interactions and allows for more efficient and secure transactions. “We are using digital technology to change the way we work and are shifting to digital delivery…

Launches KGExpress for delivery Plans to launch Mobile App for Android and iOS users Kaiglo, a marketplace that offers consumer’s favorite market closer to them through online trading, and helps entrepreneurs build brand recognition, total users have crossed 50,000 in the last one year it started operations. Similarly, it recorded over 200 percent growth rate in merchants’ enrolment since the first quarter of this year. This was disclosed by the Kaiglo’s Co-Founder and Chief Executive Officer, Mr. Victor Chukwuebuka Eze, during a press conference as part of activities to mark the first anniversary. Mr. Eze described Kaiglo as an online…

By John O’Neill If you’re laundering money or financing terrorism, what keeps you up at night? Beyond the day-to-day intrigues of a life of crime, you have a money trail to worry about. Sure, you fear the sophisticated law enforcement and intelligence agencies with the power to track you, shut you down, and put you behind bars. But what about the thousands of watchful eyes observing your money as it flows through banks, casinos, real estate and other covert financial conduits? Some of those eyes belong to trained bank employees — BSA and AML analysts, Financial Crimes Investigators, Compliance Officers,…

The strategic objective of the Sectoral Virtual Forum being organized by the Association of Telecom Companies of Nigeria (ATCON) is to converge the regulator’s Interests and ensures a competitive telecom market. The Executive Secretary of ATCON, Mr. Ajibola Olude disclosed this in a statement yesterday, adding that the sectoral forum will also fast track development of telecom industry; Operator’s Interests – an enabling environment for businesses and protection of investment in the sector; and Consumer’s Interests – to be satisfied in terms of quality of services, affordability and access; for Digital Economy Development. “Let me reiterate it that the interdependence…

Improved business registries streamline nation-wide reforms that help climb the ranks in the World Bank’s Ease of Doing business index – an international standard to measure a country’s appeal for foreign investment. An effective business registration system plays a crucial role in economic well-being. Emerging markets, such as Nigeria, currently dealing with extreme currency devaluation and the highest level of inflation since 2018, could leverage the matter to accelerate its economic development. Full-fledged business registrars, with a strong leadership backbone behind it, are the key factors that help a country climb the Ease of Doing Business rankings, thus could help…

Telecom consumers in Nigeria should note some very key points from the Complaints Categories and Service Level Agreements (CC/SLA), which was reviewed by the Nigerian Communications Commission (NCC) in collaboration with operators and other stakeholders in 2019. In the reviewed document tagged: Complaints Categories and Service Level Agreements (CC/SLA) and available on the NCC’s website, Timeline for consumers complaints have been reviewed and streamline into categories and establishing applicable sanctions on operators that fail to meet the timelines stated for resolving issues related to the services delivery to their consumers. Here are some key take away When a telecom subscriber…

The Nigerian Communications Commission (NCC) has given reason it decided to revise the framework stipulating the processes for resolving consumer complaints arising from service delivery by telecoms operator. The country’s telecom regulator argued that the revision would achieve greater effectiveness in the sector and strengthen the protection of telecoms consumers and other stakeholders. In a statement signed by the Commission’s Director of Public Affairs, Dr. Ikechukwu Adinde, NCC disclosed the framework tagged: Complaints Categories and Service Level Agreements (CC/SLA), was revised by the Commission in November 2019 at a programme attended by representatives of telecoms operators, consumers and other consumer…

Digital payment company, Interswitch Group has launched what it refers to as revamped developer console to improve the experiences of partners, developers and merchants who seek to integrate to their solutions. The new console offers more resources and an array of Open Application Programme Interfaces (APIs) to enable businesses seamlessly to receive payments by providing a holistic payment solution that caters for collection, settlement and reporting. As part of the launch activities, Interswitch is organizing a webinar to further engage people and enlighten them on what it is about. The webinar is scheduled to hold on Wednesday, July 29,2020. Abdul-Hafiz…