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SK Telecom, a South Korean wireless telecommunications operator has announced that they have developed a cloud network system with Samsung that will deliver better 5G services to consumers.
This cloud core network system will be the first in the industry to meet all the regulations and perform with 5G.
SK Telecom and Samsung only signed a contract earlier this year in order to provide 5G solutions and 6G development.
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UK telecom firms may have to pay fines of up to £100,000 per day if they don’t follow new regulation enforced by the UK Government banning the use of Huawei Technology 5G equipment.
This move is to reduce the UK’s reliance on “high-risk vendors.” The fines could be initiated from next year, but they are more likely to be enforced from 2027.
Ofcom will be given the power to monitor the telecom companies and ensure that they are abiding by the new regulations.
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Huawei Tech rival companies Xiaomi, Oppo and Vivo are stepping up their game in order to absorb Huawei’s market shares in the US after recent trade restrictions banned Huawei 5G technology from being imported into the US.
However, Huawei is still very dominant in the market with a market share of 41.2% in the Chinese smartphone shipments industry in Q3 of 2020.
Software company, Sage, has experienced a fall in shares by more than 13% as they announce a shift to cloud computing.
As digital transformation accelerates, Sage plans to increase their spending on sales, marketing and R&D to create the new Sage Business Cloud Software in order to drive the success of Sage in the future.
The EU is failing to control big tech companies like Facebook as they lack the legal strength and are being too slow to enforce regulation within the industry.
It has been a decade since the EU first started a competition investigation with Google.
New regulation is set to be enforced where big tech firms have to share the data they collect with smaller rivals.
However, the EU competition commissioner acknowledges that more needs to be done in order to create a level playing field.
Global spending for cloud is predicted to be up by 18.4% in 2021 according to Gartner’s recent report due to increasing demand for remote services.
Gartner also predicts that cloud will account for 14.2% of total global enterprise IT spending in 2024.
Microsoft is starting to enter the 5G network market. This comes as Huawei 5G Technology has been banned across the UK and as Microsoft has signed contracts with Verizon, Vodafone and Deutsche Telekom.
Microsoft is marketing themselves as partners to networking operators like Vodafone in order to reduce delays in transmitting data over the network.
They are facilitating the 5G network with Azure data centres and cloud services.
French IT companies, Atos has launched a “one stop shop” service for enterprises that are looking for a way to migrate to cloud in a quick and sustainable way.
Atos OneCloud is planned to increase their use of private, public and hybrid cloud resources.
Huawei’s budget smartphone, Honor is being sold to a consortium in a scrabble to save Huawei after numerous countries have imposed trading restrictions on Huawei Technology due to data security concerns.
The consortium will consist of more than 30 dealers and investment firms. Huawei won’t hold any shares in Honor once it’s sold
Companies are always considering new innovative was to improve efficiency. During the pandemic many companies have considered adopting cloud and 5G technology.
COVID-19 has pushed companies to invest more in technology such as cloud but also technology platforms like Zoom and Teams in order to create unified communication in a remote setting. Most companies have had to invest in networking infrastructure to facilitate this.