Nokia and the University of Technology Sydney (UTS) have signed a Memorandum of Understanding (MoU) under which Nokia will join the university's UTS: Rapido, a new technology development unit, and collaborate on developing IoT-based business applications using high-speed, ultra-low latency technologies such as 5G.

Read more: Nokia to collaborate with Australian university on IoT solutions

PCCW Global and Keppel Data Centres Holding Pte Ltd (Keppel Data Centres) have launched the PCCW Global-Keppel International Carrier Exchange (ICX) in the international telecommunications hub of Hong Kong to provide faster interconnects for businesses.

Read more: PCCW Global and Keppel Data Centres’ brand new International Carrier Exchange (ICX) forges faster...

Singapore’s Singtel announced a partnership with Australia’s Optus and the Philippine’s Globe Telecom to collaborate on its social innovation program, Singtel Future Makers. The joint initiative seeks to help enterprising individuals and organizations in Singapore, Australia and the Philippines, which are addressing community needs through the bold, innovative use of technology, to grow and scale their businesses.

Read more: Singtel, Optus and Globe partner for initiative to boost business through technology

Japanese multinational conglomerate Toshiba has warned that its very survival is at risk – as the organization moves from one crisis to another. The company finally released its delayed financial results after they were initially delayed twice – and the report makes for grim reading with Toshiba recording a loss of ($4.8bn) for April to December. However, it has been further disclosed that the results have not been approved by the firm’s auditors.

Read more: Japanese multinational conglomerate Toshiba warns its very survival is at risk

Indian telecommunications colossus Bharti Airtel has sold off its stake in tower unit Infratel in an effort to reduce the company’s debt. It has been reported that a consortium of investors acquired the stake for a fee of around INR61.9bn ($952m) which represented Bharti Airtel’s 10.3% stake in the tower unit. The consortium of investors was spearheaded by private equity company KKR and the Canada Pension Plan Investment Board.

Read more: Indian telecommunication firm sells stake in tower unit Infratel for $952m

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