NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Plant Automation Technology portal grants a dynamic and diverse feed of news items.

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Telecom Italia (TIM) is keen to discuss combining the Italian phone group’s fiber-to-the-home (FTTH) broadband assets with those of smaller rival Open Fiber, Chief Executive Amos Genish said on Wednesday. In a briefing, Genish said he saw clear economic benefits of such a tie-up, especially given the long timeframe for…

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Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc’s film and television assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp’s $65 billion offer. The new cash-or-stock deal may be attractive to Fox’s largest shareholder, Rupert…

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Sky News has received a 15-year funding commitment from entertainment giant Disney in the latest twist in the takeover battle for parent company Sky. Disney committed to funding Sky News to the tune of at least £100m a year, for the next 15 years, as well as agreeing to protect…

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Chinese telecoms equipment maker Huawei Technologies refuted Australian claims it poses a security risk, calling the criticism “ill-informed” in an open letter on Monday that threatens to inflame already heightened Sino-Canberra tensions. Australia is likely to ban Huawei from participating in a 5G mobile telecommunications roll-out in the nation as…

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EU antitrust regulators have given the green light to U.S. cable company Comcast’s plan to acquire European pay-TV group Sky without demanding concessions. The European Commission said the deal did not raise any competition concerns, confirming a Reuters story last week. “The proposed transaction would lead to only a limited…

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AT&T Inc, the No. 2 wireless carrier, on Thursday closed its $85 billion deal to acquire media company Time Warner Inc after U.S. antitrust regulators indicated they would not seek a delay. The deal, first announced in October 2016, was opposed by President Donald Trump. AT&T was sued by the…

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Comcast Corp offered $65 billion on Wednesday to lure Twenty-First Century Fox Inc  away from a merger with Walt Disney Co, setting up a bidding war between two of the largest U.S. media companies with its 20 percent higher offer. Comcast Chief Executive Brian Roberts said he was highly confident…

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Spain’s Telefonica said on Tuesday it would start selling low-cost phone and internet services in its key domestic market, in a shift away from its recent focus on pricy premium packages. Telefonica will launch the O2 brand it sells in Britain in September in Spain, where it makes a third…

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Ericsson has almost doubled its forecast for connected cellular Internet of Things (IoT) in 2023 to 3.5 billion, the mobile telecom gear maker said on Tuesday. That was up from a November forecast of 1.8 billion connected cellular devices. “The forecast for cellular IoT connections has almost doubled, due to…

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KT Corp., South Korea's largest telecommunications company, announced today that its satellite operator will do its utmost to bring the next technological revolution to space and the Korean peninsula. KT SAT Co., Ltd., Korea's only satellite service provider, aims to become the world's seventh largest satellite operator by 2025 from…