Veon welcomed a letter from shareholder Shah Capital, which criticised the operator’s board for poor stock price performance, and agreed there is potential for improvement.
Indonesian telco XLSmart on Tuesday released its last quarterly results for XL Axiata before last month’s merger with Smartfren, which showed the telco reporting modest growth in revenues and customers but a dramatic slide in its net profit.
Reliance Industries, the parent company of Jio Platforms, is reportedly considering listing a 5% stake in its mobile unit in India, which could raise an estimated US$6 billion.
Saudi Arabian telco stc Group announced on Monday that it has deployed an AI-powered self-organizing network (SON) solution from Nokia in its network to automate network optimization.
