Industry News

Singapore will invest around SGD 300 million into its National Quantum Strategy to accelerate the growth of the quantum industry in the country.

The Department of Telecommunications (DoT) has instructed telecom companies to block all incoming international spoof calls directed toward Indian consumers.

Singtel and PT Telekomunikasi Indonesia International (Telin) have signed a Memorandum of Understanding to create a new submarine cable system connecting Singapore and Batam, Indonesia. This new system, called INSICA (Indonesia Singapore Cable System) Consortium, is expected to be operational by the fourth quarter of 2026. 

The revenue from fixed communication services in Hong Kong is projected to grow at a rate of 2.0% annually, increasing from USD 2.7 billion in 2023 to USD 3.0 billion in 2028. This growth is mainly driven by the fixed broadband service segment, as reported by GlobalData, a prominent data and analytics company.

India’s mobile services revenue is expected to grow at a compound annual growth rate (CAGR) of 3%, rising from USD 27.7 billion in 2023 to USD 32.6 billion in 2028. This growth is primarily driven by the substantial increase in mobile data services.

VEON, a global digital operator that offers combined connectivity and online services, has announced that Banglalink, its digital operator in Bangladesh, has signed a Memorandum of Understanding (MoU) with Robi, the second largest mobile operator in Bangladesh and a subsidiary of Axiata Group.

China has recently announced a USD 47.5 billion state-backed investment for semiconductors, which has, in turn, sparked conversations among influencers online.

President Yoon Suk Yeol of South Korea has introduced a support package worth KRW 26 trillion (USD 19.1 billion) for the nation's chip manufacturing sector, encompassing financial assistance, infrastructure development, research and development initiatives, and support for small and medium-sized enterprises (SMEs).

SKY Perfect JSAT Corporation, NTT DOCOMO, INC., the National Institute of Information and Communications Technology (NICT), and Panasonic Holdings Corporation (Panasonic HD) have successfully completed the world’s first 5G communication verification test in the 38 GHz band from an altitude of approximately 4 km on board a Cessna aircraft.

Revenue from multiplay services in India is anticipated to experience a steady increase, with a compound annual growth rate (CAGR) of 4.5% forecasted between 2023 and 2028.