Displaying items by tag: Leadership
Ooredoo announced that the company has reached another world-first milestone, with the delivery of the first live 5G home broadband devices.
The devices, which are currently being tested on Ooredoo’s 5G network before distribution, will work on both the Ooredoo 4G and 5G network and can achieve speeds of up to 2 Gbps, that’s 20 times the speeds of Ooredoo’s 100Mbps fibre.
With an Ooredoo 5G connection via the 5G home broadband device, Ooredoo customers will be able to download movies in seconds, seamlessly stream VR gaming experiences and video call like never before.
The company has announced that currently there are only a few 5G home broadband devices in the world, however Ooredoo is working to acquire more stock in the very near future. As commercial production increases alongside the 5G roll-out, Ooredoo will aim to ensure Qatar is the first country to enable this next-generation technology for its customers.
Talking about the milestone, Waleed Al Sayed, Ooredoo’s Chief Executive Officer, said: “Ooredoo is ecstatic to announce that last night, we became the first in the world to have a live commercial 5G home broadband device. This is another amazing world-first milestone for Ooredoo and Qatar and demonstrates that we are on track to offering 5G mega speeds for everyone in the very near future. I look forward to seeing how this technology will benefit all sectors in Qatar, from businesses, to education and beyond.”
Since the announcement of the first live 5G network in May 2018, Ooredoo has begun an intense 5G network roll-out plan across Qatar, with the aim to update 100 network stations to 5G, in the 3.5GHz spectrum band, within the next three months.
The current live 5G sites, which include West Bay and Katara, have demonstrated an impressive speed of 2.51 Gbps with an extremely high throughput and low latency. Thanks to these results, Ooredoo is working to find 5G compatible devices from across the world to test them on the network, including next-generation Internet of Things applications such as smart cars, VR, AR and drones.
Italian telecommunications incumbent Telecom Italia has appointed a new general manager – in a move that sees its largest shareholder tighten its grip on the operator. Vivendi’s Amos Genish will now run the company’s day-to-day operations.
Vivendi has a 24% stake in Telecom Italia, and the new appointment comes just days after CEO Flavio Cattaneo departed the company after just sixteen months at the helm, following a number of clashes with the French shareholder.
The new general manager has enjoyed a decorated career, he was CCO at Vivendi, and he formerly headed the Brazilian subsidiary of Spanish operator Telefonica, and also founded GVT, a leading Brazilian mobile operator. Genish, a 57 year-old former Israeli captain will now oversee all of the company’s operations and will be based in Rome.
Cattaneo is the second CEO to leave Telecom Italia in less than just two years after he repeatedly locked horns with the French group which is led by billionaire Vincent Bollore. He has previously expressed an ambition to establish a southern European media powerhouse. Vivendi CEO, Arnaud de Puyfontaine who also acts as Telecom Italia’s executive chairman - will assume the responsibilities of CEO on a temporary basis.
In addition to this, it was also disclosed that further announcements on governance will be made in September. Analysts have claimed that many investment funds that have shares in Telecom Italia, remain unflustered by the latest leadership reshuffle, and are confident that Genish can reinvigorate the operator with a number of deals, which may include a possible sale of the Brazilian unit to a spin-off of the Italian fixed-line network.
De Puyfontaine has admitted that he plans to establish a joint-venture between Telecom Italia and Vivendi’s pay TV unit Canal+, which would play into the French company’s vision of expanding its content distribution across platforms. The Italian operator’s only asset abroad remains its Brazilian unit, and de Puyfontaine said it was doing a good job, but remained coy in relation to a potential sale.
The idea of TIM exiting Brazil has been gaining traction among investors since Vivendi became a top shareholder, because the French group sold its own Brazilian operations before investing in Italy.