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How big will 5G be in the Middle East?

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 Insights

28-Feb-19 5G is expected to reach 30 mn enhanced broadband subscriptions in the Middle East and Africa by 2024, representing 2 percent of total subscriptions. The majority are expected to come from advanced markets like Saudi Arabia, UAE and South Africa. [image: Arabian Business]

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Korea's Samsung battles to stay ahead of the game

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 Insights

26-Feb-19 Samsung Electronics’ business for the last quarter of 2018 was cause for concern, with operating profits down 30%. Vying to retain its market position, the Korean company has presented its folding mobile smartphone, the Galaxy Fold. [image: Reuters]

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Ant, Tencent, Xiaomi seek Hong Kong digital banking licenses

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 Insights

21-Feb-19 Hong Kong authorities are preparing to issue digital banking licences to six companies including internet and gaming group Tencent, Ant Financial, the payments business of e-commerce giant Alibaba, smartphone maker Xiaomi and insurer ZhongAn. [image: Bloomberg]

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Millicom buys Telefonica's mobile businesses in Central America

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 Insights

20-Feb-19 Millicom, a cable and mobile operator in Latin America and Africa, has bought the mobile telecom assets of Spain’s Telefonica in Panama, Costa Rica and Nicaragua, for USD1.65 bn. In Jan-19 Telefonica sold its Guatemalan and El Salvadoran operations. [image: Reuters]

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BMW adding Tmall genie to connected-cars in China

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 Insights

08-Jan-19 Alibaba Group’s smart assistant, Tmall Genie, will launch in select BMW vehicles in China by the end of 2019. Drivers will be able to use Tmall Genie to shop online, view cinema listings or check the weather at their destination. [image: Alzila]

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