Shares in JSE-listed electronics group Ellies Holdings plunged as much as 44% on Friday after it issued a weaker-than-expected trading update.
It seems to be a rite of passage that as technology billionaires get older, they spend more time chasing dreams they might have fantasised about as kids.
Inmarsat Group, the UK’s biggest satellite company, plans to launch a constellation of low-earth orbit spacecraft and set up 5G wireless networks, joining a new space race against the likes of Elon Musk.
Vodacom said on Monday that, working with telecommunications equipment supplier Nokia, it has been able to achieve the “highest transmission rates across a live optical network in Africa”.
Shifting geopolitics and a sharp round of cost cutting have put Nokia firmly back in the global 5G roll-out race just a year after CEO Pekka Lundmark took the reins at the Finnish company.
Next month’s Mobile World Congress in Barcelona is shaping up as an early test of how quickly the global business events industry will bounce back from the pandemic.
The global chip shortage is going from bad to worse with car makers on three continents joining tech giants Apple and Samsung Electronics in flagging production cuts and lost revenue from the crisis.
LG Electronics will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it the first major smartphone brand to completely withdraw from the market.
Huawei Technologies will begin charging mobile giants like Apple a “reasonable” fee for access to its trove of wireless 5G patents, potentially creating a lucrative revenue source.
Huawei Technologies is positioning itself to get more business in Ethiopia, as the East African economy opens up its telecommunications sector.