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EU fines Google $2.7bn for undue advantage to advertisers’ against rival search engines

EU Google fine

Google suffered a major blow on Tuesday after European antitrust officials fined the search giant a record $2.7 billion for unfairly favoring some of its own services over those of rivals in search engine industry The penalty, of 2.4 billion euros, highlights the aggressive stance that European officials have taken in regulating many of the world’s largest technology companies, going ...

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Botched DSO deadline means postponement of digital dividend, broadband boost

NBC Kawu Modibbo

Though June 17, 2017, the third deadline agreed by the federal government for the nationwide transition from analogue to digital TV transmission has come and gone, it means that digital dividend expected to quicken broadband delivery after Digital Switch Over (DSO) have become elusive. The digital dividend refers to the radio spectrum which is released in the process of digital ...

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Etisalat’s loan: CBN, NCC should stop tossing lenders’ around—Banks’ shareholders’

NCC Eti

Leading capital market pundits and leadership structures of shareholders associations have waded in to the Snell speed handling of the $1.2bn syndicated loan default between Etisalat Nigeria and a consortium of 13 banks. Running for months now, Etisalat Nigeria had been in talks with Nigerian banks to restructure a $1.2bn loan after missing repayments, but there are indications that a ...

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NITDA runs to EFCC, reveals how MDAs siphon budgets using IT procurement

NITDA pantami

The digital watchdogs of the federal government, National Information Technology Development Agency (NITDA), has opened up on how MDAs were able to use the procurement of the IT products and services to perpetuate fraud because most of the projects passed through less scrutiny during budget defence at the National Assembly. During a recent visit to the Economic and Financial Crimes ...

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In-Country Ericsson boss rolls out merits on IoT for Nigeria, S’Africa

ericsson

The Managing Director of Ericsson Nigeria, Rutger Reman, has given a rundown of expected advantages from the integration of Internet of Things (IoT), saying the platform provides the means to deliver efficient, innovative solutions that meet socio-economic challenges and transform business models to unlock growth in the sub-Saharan Africa. He said “While Nigeria and South Africa will continue to have ...

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Smile telecoms raises service bar with new device, bonus offers

smile

Smile 4G LTE telecommunications service provider in West Africa, has announced its new device and bonus offers to reward their customers. In a statement, the company said “The offers will make it easier and more affordable for Smile customers to enjoy the benefits of its SuperFast, reliable internet without worrying about high costs of data”. “Through the offers recently introduced ...

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How issued surrounding Etisalat’s $1.2bn loan crisis watered down Glo’s interest

Glo Etisa

More details emerged over the weekend indicating apparent loss of interest by Globacom in finalizing acquisition plans of the embattled Etisalat Nigeria. The key factors that botched the plan was traced to the unresolved debt crisis, the entire handling, information management, claims and counter claims by the management plus the Dubai group’s sudden quit at a time the Nigerian company ...

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Revealed: Why banks’ momentarily send notification emails to none customers

Kaspersky

Fresh lead has emerged on why some Nigerian banks momentarily send account notifications to non account holders in their banks. Majority of the mails are usually account balance, certain deductions and even programmes of the banks. Though a lot of the mails can be scams from cloners and fraudsters’, latest report of leading global online security group, Kaspersky Lab’s Financial ...

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Q1 subscribers: Nigeria adds only 3m as India hits 43m, China rises to 24m in telecoms

Ericsson Report

Latest Ericsson Mobility Report for June edition, presented in Lagos recently has shown that whereas the Nigeria crawled to three million subscribers, India added 43 million; China 24 million; Indonesia 10 million and Pakistan five million. The Quarter one (Q1) however, showed that even at three million, Nigeria led Africa to fresh nine million subscriptions, reaching a total of 985 ...

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Etisalat claims 42% debt cleared, chides reports of investigation on use of loan

NCC Etisalat

In continuation of the drama and counter claims trailing the final fight for the soul of Etisalat Nigeria, the company claimed on Thursday that about 42 per cent (about $504 million) of the original loan package of $1.2 billion (about N377.4 billion) from a consortium of Nigerian banks has since been repaid. However, Exotix Capital report in London on Thursday ...

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