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BUSINESS NEWS

Historic 5G Auction in Colombia Four Telecom Firms Secure Data Services Concessions

Four telecommunication companies—Claro, Telecall Colombia, WOM, and Union Temporal Colombia MovilTelefonica—have been granted concessions for 5G d

Four telecommunication companies—Claro, Telecall Colombia, WOM, and Union Temporal Colombia MovilTelefonica—have been granted concessions for 5G data services in Colombia. It was the nations firstever 5G auction, raising over 1.5 trillion pesos, or around $381 million. The 5G deployment is anticipated to start in February 2023. It needs an expenditure of around 28 trillion pesos, or $7.11 billion, over the next ten years. Read More..

B2B Tech News | 2 months ago        

Tensions Escalate U.S. Blocks Exports to 13 Chinese Firms on Unverified List

Thirteen Chinese enterprises have been added to the United States "Unverified List," which prohibits them from accepting U.S. exports without an inper

Thirteen Chinese enterprises have been added to the United States "Unverified List," which prohibits them from accepting U.S. exports without an inperson inspection. Plexus, Beijing Shengbo Xietong Technology, Guangzhou Xinwei Transportation, and PNC Systems are on the list. U.S. exporters that ship to listed businesses may need to get extra licences and perform additional due diligence. The action heightens tensions in the current digital war between the United States and China while attempting to stop sensitive American goods and technology from being exploited. The Chinese embassy in Washington criticised the decision, which stated that the U.S. was discriminating against some Chinese enterprises. Read More..

B2B Tech News | 2 months ago        

Accenture Anticipates Slower Q2 Revenue on Client Budget Caution

The multinational IT services company Accenture has predicted secondquarter revenue below Wall Street projections because of expected customer caution

The multinational IT services company Accenture has predicted secondquarter revenue below Wall Street projections because of expected customer caution in the face of macroeconomic uncertainty. The business emphasised the delayed decisionmaking associated with budgets, particularly in the media and technology industries. Accentures sales from North America, its biggest market, dropped by 1% to $7.56 billion in the first quarter of this year. At the same time, revenue from the communications, media, and technology sector group plummeted by 10%. Large digital transformation projects are anticipated to close in the second part of the companys fiscal year. Following the statement, premarket trading saw a 2.6% decline in Accentures shares. Read More..

B2B Tech News | 2 months ago        

AIdriven Lender Lendbuzz Plans IPO, Targets $2 Billion Valuation

The USbased fintech firm Lendbuzz is preparing for an Initial Public Offering IPO that could fetch a valuation of more than $2 billion. The company us

The USbased fintech firm Lendbuzz is preparing for an Initial Public Offering IPO that could fetch a valuation of more than $2 billion. The company uses artificial intelligence to give vehicle loans to those without a credit history. As primary underwriters for the upcoming IPO, Lendbuzz allegedly recruited Goldman Sachs, JPMorgan Chase, RBC Capital Markets, and Mizuho Financial Group. Depending on market circumstances, the business hopes to generate between $300 million and $400 million via the sale of its shares, which might happen in the first half of 2024. Lendbuzz caters to individuals and companies encountering difficulties obtaining funding from conventional lenders. Read More..

B2B Tech News | 2 months ago        

End of an Era Toshiba Delisted from Tokyo Exchange After 74 Years

After 74 years, Toshiba was delisted from the Tokyo market, signalling the end of an era for one of the most wellknown brands in Japan. In a $14 billi

After 74 years, Toshiba was delisted from the Tokyo market, signalling the end of an era for one of the most wellknown brands in Japan. In a $14 billion agreement, a consortium of investors led by Chubu Electric Power, Orix, Rohm, and Japan Industrial Partners JIP is taking the company private. The takeover comes after ten years of unrest, controversies, and conflicts with foreign activist investors. Although the new owners of Toshiba have yet to give the firm a name, it is anticipated that JIP executives will join the board and that the company will concentrate on highmargin digital services. Industry sources speculate that Toshiba could be better off being divided apart. Read More..

B2B Tech News | 2 months ago        

First Comprehensive Trade Deal Since 2016 Kenya and EU Sign Economic Partnership Agreement

The Economic Partnership Agreement between Kenya and the European Union is the first comprehensive trade agreement between the EU and an African count

The Economic Partnership Agreement between Kenya and the European Union is the first comprehensive trade agreement between the EU and an African country since 2016. Under the deal, Kenya could enter the EU dutyfree and quotafree, while European goods would see gradual tariff reductions. The agreement contains pledges to promote sustainable growth in areas like environmental preservation and worker rights. It is the "most ambitious economic partnership" the EU has ever had with a developing nation. The agreement must be ratified by both parliaments to be implemented. The EU invites more East African countries to join, viewing the deal as a winwin situation. Read More..

B2B Tech News | 2 months ago        

Alteryx to Be Acquired by Clearlake Capital and Insight Partners in $4.4 Billion Deal

The data analytics platform Alteryx has agreed to be bought by Clearlake Capital Group and Insight Partners, two private equity companies, for a total

The data analytics platform Alteryx has agreed to be bought by Clearlake Capital Group and Insight Partners, two private equity companies, for a total estimated deal value of $4.4 billion, including debt. The purchase of Alteryx occurred because the company was targeted for acquisition due to intense rivalry from bigger competitors such as Microsoft and Oracle, which affected its valuation. Cash payments to Alteryx investors will be $48.25 per share, 29.1% more than the companys most recent closing share price. The purchase intends to put Alteryx in a position to develop and expand under new management. Read More..

B2B Tech News | 2 months ago        

Amazon in Talks for Strategic Investment in Bankrupt Diamond Sports Group

According to reports, Diamond Sports Group, a local sports broadcaster that declared bankruptcy earlier this year, is looking for investors. Amazon ma

According to reports, Diamond Sports Group, a local sports broadcaster that declared bankruptcy earlier this year, is looking for investors. Amazon may be one of them. A multiyear streaming relationship and a strategic investment from Amazon are part of the possible arrangement. In addition to having the local rights to over 40 NBA clubs, a third of the National Hockey League teams, and almost half of the Major League Baseball teams, Diamond Sports Group carries the games of over 40 major sports teams in the United States. If the deal is completed, Diamonds games may be streamed on Amazon Prime Video, with Diamond managing its cable networks through current alliances. Read More..

B2B Tech News | 2 months ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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