Tag Archives: Wireless Telecommunications Services (NEC) (TRBC level 5)

The Brazilian government plans a separate 5G network from the private market – document | Instant News


BRASILIA, Jan 29 (Reuters) – Brazil’s federal government plans to assign fifth-generation (5G) wireless networks exclusively for its own use which will have security requirements for equipment suppliers separate from national networks, according to a document seen by Reuters.

The plan, which will be published in an official newspaper on Friday, calls for a limited 5G network to the Federal District, where the capital city of Brasilia is located. The plans come as the government prepares for a spectrum auction this year for 5G networks, weighing security concerns that have led some countries to exclude China’s Huawei Technologies Co as a supplier for the next-generation network. (Reporting by Lisandra Paraguayassu Written by Anthony Boadle Editing by Brad Haynes)

.



image source

Analysis: Sovereign wealth, giant public pension caught in the US-China technology battle | Instant News


LONDON (Reuters) – Some of the world’s largest sovereign wealth funds and public pension funds are caught in rising technology-related tensions between the United States and China, according to a Reuters analysis of their archival data and public disclosures.

FILE PHOTO: General view of the Norwegian central bank, where the Norwegian sovereign wealth fund is located, in Oslo, Norway, 6 March 2018. REUTERS / Gwladys Fouche / File Photo

These range from the sovereign wealth funds of Norway and Singapore to the Swiss central bank and the US $ 1.1 trillion TIAA, which was founded more than a century ago by Andrew Carnegie as the American Teacher Insurance and Annuity Association.

US investors are barred from owning stakes in more than 40 Chinese companies seen as having military ties in a series of moves since November as US President Donald Trump seeks to strengthen his hardline policies toward Beijing.

That prompted Nuveen’s TIAA unit to sell stakes in blacklisted companies including China Telecom, China Mobile and China Unicom, as well as microchip giant SMIC, state oil company CNOOC and cellphone and gadget maker Xiaomi.

Other US public pension funds are expected to follow.

CalPERS, the largest fund, holds Hong Kong-listed ‘H’ shares in several companies, including a 1.1% stake in China Telecom and 0.2% of China Mobile and China Unicom respectively, according to Refinitiv data. CalPERS, which has been criticized by Republican politicians for its investment in China, did not respond to a request for comment.

Florida State Administration, which manages $ 200 billion in assets and has small stakes in China Telecom, China Mobile and Xiaomi, according to Refinitiv data, told Reuters it would comply with the ban.

“Those sanctions really bite US institutions,” said Elliot Hentov, head of policy research at State Street Global Advisors.

And the ripples aren’t just felt in the United States.

A number of sovereign wealth funds (SWF) have been affected as the New York Stock Exchange and index providers MSCI, S&P Dow Jones, and FTSE Russell have removed blacklisted companies from the benchmark, causing some share prices to drop more than 20%.

Norway’s $ 1.3 trillion SWF, the world’s largest, owns a 0.2% -0.6% stake in China Telecom, China Mobile, Xiaomi, CNOOC and China Unicom Hong Kong as part of its $ 35 billion Chinese equity portfolio. more broadly, according to the most recent disclosure running through early 2020. It said it would not comment on specific holdings.

Singapore’s GIC, which is referred to as an “independent country investor”, owns 10% of Hong Kong-listed China Telecom’s ‘H’ shares and owns about 1.4% of mainland’s SMIC, A- and H-shares, Reuters calculations based on stock exchange filings shows. GIC declined to comment.

Other holders are the Canadian pension fund Caisse de Depot et Placement du Quebec (CDPQ), British Columbia Investment Management, CPP Investment Board, PGGM Vermogensbeheer, an independent pension fund based in the Netherlands and APG Asset Management.

Non-US investors are not legally obliged to make any changes and many will see the value of their Chinese investment soar in recent years.

China’s equity market is at a 13-year high and the market capitalization of a major technology index has doubled from two years ago.

“We view our investment in China – an important country in the global economy – with a long-term perspective,” CDPQ told Reuters, declining to comment on specific investments.

Graph: Increased Chinese equity investment from the Norwegian sovereign wealth fund –

GAME WEIGHT

While China’s increasing weight in global markets is driving state funds to hold onto a larger Chinese portfolio, recent cyber espionage bans and claims of 5G company Huawei and the social media dance craze app TikTok show how technology is now a major geopolitical battleground. .

With no indication of a new approach by US President Joe Biden, China Telecom, China Mobile, Xiaomi and CNOOC shares have fallen between 12% and 22% since being blacklisted in November or this month.

SMIC has bucked the trend with double digit gains.

“Some of the shares that are being released may be taken from owners of bargain-hunting assets outside the US,” said Winston Ma, a former managing director of the sovereign wealth fund China Investment Corp. “However, it may be difficult for them to absorb all of them.”

Graph: Gains mixed for Chinese companies amid blacklist uncertainty –

It wasn’t just Washington’s actions that caused trouble.

Beijing shocked markets in November when it suspended Ant Group’s $ 37 billion IPO plan by a few days and just as the Trump administration pushed through with its ban.

Alibaba, which owns a third of Ant, saw its market value shrink by more than a quarter. These are the top 10 global stocks and are widely held by government funds and pension funds.

US Stock Exchange Commission data sec.report/CIK/0001582202 suggests the Swiss central bank has doubled Alibaba’s stake in the past two years to $ 1.4 billion from the company’s $ 650 billion stake in September.

The November fall will remove about $ 350 million from that holdings. Alibaba shares recovered nearly half of their January losses after escaping a US blacklist.

Graph: Ownership of China Mobile by sovereign wealth funds, pension funds –

Graph: Ownership of Xiaomi Corp by sovereign wealth funds, pension funds –

Graph: Ownership of China Telecom Corp by sovereign wealth funds, pension funds –

Additional reporting by Terje Solsvik in Oslo, Brenda Goh in Shanghai, Anshuman Daga in Singapore, Maiya Keidan in Toronto and John Revill in Zurich; Edited by Catherine Evans

.



image source

TIM, Telefonica and Claro of Brazil won Oi’s mobile assets in the $ 3.2 billion bid | Instant News


SAO PAULO (Reuters) -TIM Participacoes, Telefonica Brasil SA and America Movil SAB de CV Claro won the auction on Monday to acquire Oi SA Brazil’s mobile operations for a joint bid of 16.5 billion reais ($ 3.23 billion), the company said. in a series of securities filings.

The trio of winners, who made initial bids in July, plan to split Oi’s assets after receiving antitrust approval. Oi, who filed for bankruptcy protection in 2016, sold assets to pay creditors.

The group is the sole bidder for the auction, according to the submission.

The company said the base price was 15.744 billion reais, with another 756 million reais to finance the so-called “transition services,” which Oi will undertake over the next year to facilitate asset transfers.

TIM Participacoes, Telecom Italia SpA’s local unit, will pay about 7.3 billion reais of the base price and another 476 million reais for transitional services, it said in a filing.

Telefonica Brasil, the local unit of Spain’s Telefonica SA, will pay about 5.5 billion reais of base price and 179 million reais in transitional services, it said in a separate application.

Claro will pay 22% of the total 16.5 billion reais, and in exchange will be given 32% of the customer base from Oi’s mobile business, it said in its own filing.

In their new offering, TIM, Telefonica Brasil and Claro are also offering Oi a long-term contract to lease its telecommunication infrastructure.

Reuters reports the overall price of the previous bid on Monday.

Brazil-listed common stock in Oi closed down 6.78% on Monday and shares of Telefonica Brasil closed 2.47%. Brazil’s benchmark Bovespa equity index fell 0.45%.

($ 1 = 5.11 reais)

Reporting by Carolina Mandl Additional reporting by Gram Slattery and Daina Beth Solomon Editing by Chris Reese, Alexander Smith and Sonya Hepinstall

.



image source

TIM, Telefonica and Claro of Brazil won Oi’s mobile assets in the $ 3.2 billion bid | Instant News


SAO PAULO (Reuters) -TIM Participacoes, Telefonica Brasil SA and America Movil SAB de CV Claro won the auction on Monday to acquire Oi SA Brazil’s mobile operations for a joint bid of 16.5 billion reais ($ 3.23 billion), the company said. in a series of securities filings.

The trio of winners, who made initial bids in July, plan to split Oi’s assets after receiving antitrust approval. Oi, who filed for bankruptcy protection in 2016, sold assets to pay creditors.

The group is the sole bidder for the auction, according to the submission.

The company said the base price was 15.744 billion reais, with another 756 million reais to finance the so-called “transition services,” which Oi will undertake over the next year to facilitate asset transfers.

TIM Participacoes, Telecom Italia SpA’s local unit, will pay about 7.3 billion reais of the base price and another 476 million reais for transitional services, it said in a filing.

Telefonica Brasil, the local unit of Spain’s Telefonica SA, will pay about 5.5 billion reais of base price and 179 million reais in transitional services, it said in a separate application.

Claro did not immediately disclose his payment obligations.

In their new offering, TIM, Telefonica Brasil and Claro are also offering Oi a long-term contract to lease its telecommunication infrastructure.

Reuters reports the overall price of the previous bid on Monday.

Brazil-listed common stock in Oi closed down 6.78% on Monday and shares of Telefonica Brasil closed 2.47%. Brazil’s benchmark Bovespa equity index fell 0.45%.

($ 1 = 5.11 reais)

Reporting by Carolina Mandl Additional reporting by Gram SlatteryEditing by Chris Reese, Alexander Smith and Sonya Hepinstall

.



image source

Vodafone was hit by a three-hour cell outage in Germany | Instant News


FILE PHOTOS: Various types of 4G, 5G, and data radio relay antennas for cell phone networks are depicted on a relay pole operated by Vodafone in Berlin, Germany April 8, 2019. REUTERS / Fabrizio Bensch

BERLIN (Reuters) – Vodafone said on Monday that operations on its German mobile network returned to normal after a control equipment failure caused widespread blackouts that lasted more than three hours.

The UK-based unit Vodafone in Germany, the telecom group with the most users in Europe, said its network was hit by problems in several regions at 1:50 p.m. (1250 GMT), causing more than 100,000 cell phone users to be disconnected.

Downdetector’s tracking website shows a sharp spike in blackouts, with hotspots in Berlin, Hamburg, Munich, Cologne, Frankfurt and other cities.

Vodafone said the network problems were caused by control equipment failures in Munich, Frankfurt and Berlin. Subscribers who were closed from the network reconnected at 3:30 p.m. and normal network traffic at 5 p.m.

“Our technical experts are working on an exact root cause analysis and continuous fault cleaning. The network elements will be closely watched over the next evening and tomorrow, ”said Vodafone, apologizing to its subscribers.

Vodafone’s 2020 mobile revenue is estimated at 5 billion euros ($ 5.9 billion) in Germany. That gives it a 19.3% market share – third behind Deutsche Telekom (31.7%) and Telefonica Deutschland (25.5%), according to telecom lobby VATM.

Reporting by Douglas Busvine; Edited by Alison Williams

.



image source