Businesses across the Asia Pacific (APAC) are facing a relentless rise in cyber threats, with ransomware attacks becoming a particularly pervasive danger. These attacks are not only impacting large corporations but are also significantly affecting small and medium enterprises (SMEs), creating an alarming reality for businesses that rely on interconnected digital systems.

Read more: The Alarming Reality: APAC Firms Experience Heightened Ransomware Attacks

Li Peng, Huawei’s Corporate Senior Vice President and President of ICT Sales & Service, delivered a keynote speech at the Global MBB Forum 2024. He shared his views regarding the state of intelligence within the ICT industry, and expanded on how entities can make the most of new opportunities in an era in which AI is changing every aspect of our lives and work.

Read more: Li Peng: Maximizing New Growth Opportunities in the Mobile AI Era

The telecommunications sector in Bangladesh has seen a significant evolution, marked by increased access to mobile networks and broadband services. As of recent reports, the sector is estimated to be worth USD 4.87 billion in 2024, and is expected to reach USD 5.86 billion by 2029, growing at a CAGR of 4.31% from 2024 through 2029, accounting for a substantial share of the country’s GDP, contributing to employment, and fostering digital inclusion.

Read more: The Role of Telecom in Bangladesh’s Urban Development

During a keynote speech at the Global MBB Forum 2024, Yang Chaobin, Huawei's Board Member and President of ICT Products and Solutions, said, "The upcoming mobile AI era will create huge opportunities for the mobile industry and profoundly shape the decade to come. Evolving 5.5G technology will be the key to unleashing the potential of mobile AI. Huawei looks forward to collaborating with all industry partners to evolve 5.5G and solidify the foundation of the mobile AI era. Together, we can help society and industry go intelligent."

Read more: Huawei's Yang Chaobin: 5.5G Unleashes the Potential of Mobile AI

India’s journey toward digital literacy has gained significant momentum in recent years, largely driven by its telecom sector. As the world's largest democracy transitions into a digital economy, the role of telecom companies in enabling digital literacy and reducing the digital divide is crucial. These efforts have not only transformed access to information but also shaped the future of education, healthcare, and finance.

Read more: How India’s Telecommunications Sector is Driving Digital Literacy

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