Singapore’s Infocomm Media Development Authority (IMDA), the Monetary Authority of Singapore (MAS) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), in collaboration with commercial partners DBS Bank, Emirates NBD and Standard Chartered, have successfully concluded the world’s first cross-border digital trade financing pilot of its kind.
Industry News
GSMA forms new 5G Industry Community in Asia Pacific
GSMA announced the formation of Asia Pacific (APAC) 5G Industry Community, a new ecosystem established for those seeking opportunities to deliver Industry 4.0 and digital transformation from 5G networks, edge-cloud services, enterprise IoT and AI. The Community has been designed for stakeholders across the value chain including government and agencies, industry associations, mobile network providers, enterprises and industry players, solution providers, analysts, and consultants.
Viasat buys Inmarsat for $7.3 billion to create a global communications innovator
Viasat has entered into a definitive agreement under which Viasat will acquire Inmarsat in a transaction valued at $7.3 billion, comprised of $850.0 million in cash, approximately 46.36 million shares of Viasat common stock valued at $3.1 billion based on the closing price on Friday November 5, 2021, and the assumption of $3.4 billion of net debt.
Microsoft’s LinkedIn to exit China amid censorship woes
Microsoft’s professional social network, LinkedIn is exiting China by the end of the year. LinkedIn attributed its decision to harsher internet censorship imposed by the Chinese government.
Huawei and ASEAN Foundation partner to bridge digital talent gap in Asia Pacific
Huawei and the ASEAN Foundation signed an MoU to jointly bridge a digital talent gap through the ASEAN Seeds for the Future program. Held on 3 November 2021, the Asia Pacific Innovation Day – Digital Talent Summit 2021 was an online summit where policy-makers, researchers and industry experts convened to discuss best approaches to build a digital talent ecosystem in the region.
GSA: 42 devices and 40 chipsets now support VoNR
The Global mobile Suppliers Association (GSA) confirmed that 42 devices and 40 5G chipsets from four vendors have been announced supporting Voice over New Radio (VoNR) technology. In the GSA’s new “VoNR Market Report” it also shares that numerous operators are now heavily investing in the technology for their 5G standalone networks.
China Telecom’s license revoked in the US
The US Federal Communications Commission (FCC) has voted to revoke the authorization for China Telecom’s subsidiary in the US.
Malaysia generated over RM7.2 billion in business potentials in first two weeks of Expo 2020 Dubai
In the first two weeks of its participation in the Expo 2020 Dubai, Malaysia has generated more than RM7.2 billion in business leads with companies based in several countries.
Telstra partners Australian government to buy Digicel Pacific
Telecommunications giant Telstra announced on Monday that it has partnered with the Australian government to buy Digicel Pacific for $1.6 billion.
Foreign telecom vendors excluded from China’s latest 5G tender
China Mobile awarded a network contract valued at $1.16 billion to the country’s major equipment vendors Huawei and ZTE. Previously-invited foreign vendors Ericsson and Nokia have been left out, showing another geopolitical strain between the West and China.