Telecom
Colorado Springs (AFP) - Though satellite internet has existed for years, the competition is about to rapidly intensify, with companies planning to launch thousands of their own systems into low Earth orbit. The latest move in the industry came on Tuesday from Amazon, which took a major step towards getting its $10 billion Kuiper constellation off the ground by sealing deals with three rocket companies. The US online retail giant wants to strengthen its lucrative diversification into IT services, and "provide low-latency broadband to a wide range of customers," including those "working in loca...
AFP
Reports positive growth in overall operations and ongoing enhancement in business resultsProfit attributable to equity shareholders up 4.3% period-on-period to HK$534 millionInterim dividend HK5.5 cents per share up 10.0% period-on-periodHONG KONG, Aug 19, 2021 - (ACN Newswire) - CITIC Telecom International Holdings Limited (CITIC Telecom or the Group; HKG:1883), Asia-leading multinational internet-oriented telecommunications enterprise providing comprehensive services, reported profit attributable to equity shareholders of HK$534 million for the six months ended 30 June 2021, representing a p...
ACN Newswire
New York (AFP) - The New York Stock Exchange abandoned plans to delist three state-owned Chinese telecom companies on Monday, reversing a decision that further dented already strained relations between the world's two superpowers. In a brief statement, the stock exchange said it "no longer intends to move forward with the delisting action" for China Telecom, China Mobile and China Unicom. No detailed reason was given for the sudden reversal, which the exchange said came after "further consultation with relevant regulatory authorities". In response, Chinese foreign ministry spokeswoman Hua Chun...
AFP
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