With the growth in mobile and fixed broadband segments, Vietnam’s total telecom services revenue is projected to increase at a compound annual growth rate (CAGR) of 4.4% from 2022 to 2027, as forecasted by GlobalData, a leading data and analytics company.
Industry News
SoftwareOne Hong Kong partners with Console Connect for improved cloud connectivity in Asia Pacific
SoftwareOne Hong Kong Limited has joined Console Connect's PartnerConnect program, an industry-leading worldwide Network-as-a-Service (NaaS) platform. This will allow SoftwareOne customers in the Asia Pacific region to have better access to cloud services globally.
Indosat and Tech Mahindra Launch CoE Lab in Jakarta
Inspired by its vision to connect and empower every Indonesian, Indosat Ooredoo Hutchison has collaborated with Tech Mahindra to launch a Smart Analytics and Center of Excellence (CoE) lab, powered by Google Cloud. It is expected to further accelerate Indonesia’s digital transformation.
DES 2023: Hong Kong Welcomes Asia's Premier Tech Summit
The Digital Economy Summit (DES) 2023, Asia's premier innovation and technology event, kicked off on April 13– 14 at the Hong Kong Convention and Exhibition Centre (HKCEC). The two-day summit, which is jointly organized by the HKSAR Government and Cyberport, brings together influential leaders from business, academia, government and technology to discuss the role that technological advancements play in accelerating the creation of resilient and future-proof digital societies.
PLDT Loses Chief Financial Officer, Network Head
Following the operator's sizable PHP48 billion (US$853 million) budget overspending, key executives at PLDT, including the operator's chief financial officer, have resigned from their current positions.
Malaysia Looks to Introduce Second 5G Network in 2024
Malaysia has plans to introduce a second 5G network in 2024, according to Reuters. Prime Minister Anwar Ibrahim proposes this plan in a bid to deter monopolies and encourage competition across the country’s telecommunications landscape.
Mobile Money Transactions Exceed Expectations, Reaching US$1.26 Trillion in 2022
Mobile money services are growing faster than predicted around the globe as digital services continue to rise in popularity, according to the GSMA’s annual “State of the Industry Report on Mobile Money 2023.”
China Multiplay Service Revenue Set to Increase Through 2027
The constant rise in the number of multiplay households in China and the growth in average monthly multiplay household spending are expected to drive the increase in multiplay service revenue in the country at a compound annual growth rate (CAGR) of 1.9% through 2027. The revenue is forecasted to reach $1.9 billion by the end of the forecast period, according to GlobalData, a leading data and analytics company.
Indonesia's Digital Transformation: A New Data Center and Sustainable Approach
Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company, and PT Astra International Tbk (Astra) established a joint venture to create Indonesia's digital infrastructure to accelerate digital transformation for multinationals and local businesses. Indonesia's digital transformation program aims to digitize 30 million MSMEs by 2024, spurring economic growth and meeting digital infrastructure needs.
BDx Indonesia Unveils CGK3A to Fuel Indonesia's Digital Economy
BDx Indonesia recently performed a groundbreaking ceremony for its greenfield data center, CGK3A, in TB Simatupang, South Jakarta. BDx Indonesia is a significant wholesale data center and cloud-focused company in the Indonesian market.