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

ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, posted a 27.8% rise in first-quarter profit as the company increased sales of carrier network solutions and smartphones.

Read more: ZTE reports increase in smartphone sales and rise of 27.8% in first-quarter profit

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

For the first time in its history, Zain Saudi Arabia recorded profit in the first quarter of the year of 45 million riyals compared to a loss of 250 million riyals during the same period last year. The company’s profits came contrary to expectations that indicated a loss of about 97 million riyals.

Read more: Zain KSA smashes expectations posting its first Q1 profits

Vodafone New Zealand is set to purchase 70 percent of the rural broadband and satellite section ‘Farmside’ of operator TeamTalk for NZ$10 million ($7 million). The acquisition is subject to approval by shareholders. Vodafone NZ has the option to purchase the remaining 30 percent for NZ$3 million within the next three years.

Read more: Vodafone NZ to purchase stake in operator TeamTalk for $7 million

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