The European Commission has opened an “in-depth” investigation to assess the proposed acquisition of NXP by Qualcomm under the EU Merger Regulation. The Commission has concerns that the transaction could lead to higher prices, less choice and reduced innovation in the semiconductor industry. Commissioner Margrethe Vestager, in charge of competition policy, said: “We use our electronic devices every day - mobile phones or tablets. As semiconductors are used in practically every electronic device, we are dependent on them in those…
German Chancellor Angela Merkel, speaking alongside Mexican President Enrique Pena Nieto during a visit to Mexico City, said the digital world needs concrete regulations similar to those that exist for financial markets in the G20 and for trade under the World Trade Organization. The Chancellor’s call for tighter digital regulation echo British Prime Minister Theresa May’s call for tighter international regulations on cyberspace, following the terrorist attack that took place on June 3 in London. Introducing new rules for cyberspace,…
The European Commission has determined that Croatia's €101.4 million Next Generation Network (NGN) Broadband plan is in line with EU state aid rules. This scheme aims to provide fast internet access where it is currently not available, in particular in rural areas. Commissioner Margrethe Vestager, in charge of competition policy, said: "Croatia's broadband scheme will bring faster internet to consumers and businesses that currently do not have it. It will help Croatia to put in place the necessary infrastructure for…
A $250 million project has been approved by the Zimbabwean government to implement more than 600 towers and base stations across the country to connect rural areas with low mobile connectivity. According to the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) the towers will be shared by the nation’s operators. Supa Mandiwanzira, Minister of Telecommunications, said POTRAZ had received many complaints about the low level of connectivity available to people from across the African country, which influenced the regulator…
Following the terrorist attack that took place on June 3 in London, British Prime Minister Theresa May, called for tighter international regulations on cyberspace. Introducing new rules for cyberspace, she said, would “deprive the extremists of their space online.” May also insisted that technology companies are not doing enough to thwart terror groups online. The Prime Minister spoke outside Downing Street Sunday morning, the day after the attack, addressing the nation after the chaotic event in which a van drove…
The European Commission has approved the acquisition of de facto control over Telecom Italia by Vivendi. The decision is conditional on the divestment of Telecom Italia's stake in Persidera. Telecom Italia is an Italian company, which provides voice and data services through mobile and fixed technologies, digital content services and IT services to enterprises. It is also active, through its subsidiary Persidera (a joint venture with Gruppo Editoriale L'Espresso), in the market for the wholesale access to digital terrestrial networks…

Facebook CEO calls for a universal basic income

Written on Tuesday, 30 May 2017 05:20
Founder and chief executive of social media giant Facebook, Mark Zuckerberg, has suggested there should be a universal basic income for all people. This would allow people in society to take more risks, he said, allowing people more freedom to execute new ideas and business ventures, with the confidence that they won’t go without basic things needed to live. The idea of a universal basic income (UBI) has been regularly suggested by technologists and people working in Silicon Valley. UBI…
Federal Communications Commission Chairman Ajit Pai has announced a proposal to add an alert option to the nation’s Emergency Alert System (EAS) to help protect the United States’ law enforcement officers. Called a “Blue Alert,” the option would be used by authorities in states across the country to notify the public through television and radio of threats to law enforcement and to help apprehend dangerous suspects. The Chairman unveiled the proposal at an event hosted by the Department of Justice…
The European Commission has sent a Statement of Objections alleging that multinational telecommunications company Altice (the Netherlands), breached the EU Merger Regulation by implementing its acquisition of telecommunications operator PT Portugal before notification or approval by the Commission. Commissioner Margrethe Vestager, in charge of competition policy, said: "If companies jump the gun by implementing mergers prior to notification or clearance, they undermine the effective functioning of the EU merger control system. The Statement of Objections sent to Altice shows how…
His Excellency Eng. Yasser El Kady, Egypt’s ICT Minister, has announced that 4G frequencies are ready to be used in the country. Following delays, 4G services will soon be deployed. The Egyptian Government has completed preparations for the transfer of 4G frequencies to operators, according to the Minister, after selling four licenses in a 2016 auction. “We are now ready to hand over 4G mobile frequencies to any company that is ready. We are waiting for companies to finish preparations…
The European Commission has fined Facebook €110 million for providing incorrect or misleading information during the Commission's 2014 investigation under the EU Merger Regulation of Facebook's acquisition of WhatsApp. Commissioner Margrethe Vestager, in charge of competition policy, said: "Today's decision sends a clear signal to companies that they must comply with all aspects of EU merger rules, including the obligation to provide correct information. And it imposes a proportionate and deterrent fine on Facebook. The Commission must be able to…
Joined by a delegation of government representatives, President Milos Zeman of the Czech Republic recently met with Huawei's Rotating and Acting CEO, Guo Ping, in Beijing. During the meeting, Guo Ping shared Huawei's latest developments in the information and communications technology (ICT) sector and expressed the company's intention to continue investing and growing in the Czech Republic. President Zeman spoke highly of Huawei's contribution to the country's economic development. He also complimented the company on its choice of Jaromir Jagr,…
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