“We delivered another quarter of record-breaking operational results,” said Nick Jeffery, President and Chief Executive Officer of Frontier. “Our team set a new pace for building and selling fiber this quarter. At the same time, we radically simplified our business and delivered significant cost savings ahead of plan. This is a sign of a successful turnaround.
Reports and Coverage
Lumen Unloads EMEA Business to Colt Technology Services for $1.8B
Lumen and Colt have entered into an exclusive arrangement for the proposed sale of Lumen's Europe, Middle East and Africa (EMEA) business to Colt for $1.8 billion. This represents a very attractive multiple (~11x) for Lumen's EMEA business and will create additional value for its shareholders. More information on this transaction can be found in Lumen's 8-K to be contemporaneously filed with this release.
FCC to Explore 12.7 GHz Band For Next-Gen Wireless
Federal Communications Commission (FCC) launches a proceeding to explore repurposing up to 550 megahertz in the 12.7 to 13.25 GHz band (12.7 GHz band) for next-generation wireless services.
Elon Musk Rules Over Twitter
Elon Musk, the world’s richest man, finally took control of Twitter after its six-month-long dramatic narrative. Following the takeover, Musk tweeted that "the bird is freed” and fired the social media company’s top executives.
CRTC Hosts First Cross-Border Meeting to Combat Scam Communications
For the first time, regulators from Canada, Australia, Ireland, Hong Kong and the United States met in person to find better ways to combat scams.
Nominate Your Brand NOW for the Industry’s Most Prestigious Award
The Telecom Review Excellence Awards give industry leaders a chance to celebrate the things they do well, and acknowledge when it all comes together.
America Movil Cell Tower Stock Offering Tanks
Shares of Sitios Latinoamerica, the cell phone tower business spun off from Mexican telecommunications giant America Movil AMXL.MX, sank on Thursday in their trading debut in a market suffering declining business volumes and a growing de-listing of companies.
Seizing the 6 GHz Band Opportunity
Discussions on the usage of the 6 GHz band (5925-7125 MHz) are ongoing, with no definite roadmap yet on how it will be utilized in the long run. To define, 6 GHz is one of the optimal spectrum bands in medium frequency to provide seamless wide-area coverage and high-capacity connections.
Nominate Your Brand and Celebrate Your Success
Telecom Review once again continues its dedication and commitment to the ICT industry and will continue to meet industry expectations by holding the best and largest high-level gathering of executives for Industry Awards. The Telecom Review awards recognize industry leaders for their efficient and hard work throughout the year, and are a special way for Telecom Review to help celebrate the winner’s success.
Web 3.0 Era: The New Intelligent Phase of Internet
Web 3.0 is still yet to come of age in a world where interconnectedness is more valued than before. The world became more dependent on the internet, especially during pandemic, and the latest numbers even suggest that over 12 trillion hours online will be spent online in 2022 alone.