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Weekly Roundups

5G Race in Mexico Accelerates

By MBN Staff | Thu, 04/16/2020 - 12:34

As companies accelerate their efforts to bring 5G technology to the countries where they operate due to the crisis unleashed by COVID-19, Telcel is ahead of other competitors like AT&T. 

At the beginning of the year, most telecommunications analysts and providers expected the fifth-generation technology to reach Mexico in late 2020. Proof of it is that in late January, Telmex transferred to Telcel its concessions on the 3.5GHz band, an essential 50MHz input that Telcel will shortly use for the deployment of 5G networks in Mexico. América Móvil will focus on rolling out 5G technology in Latin America, Chief Executive Daniel Hajj said on a call with analysts back in February.

In China, competition has intensified as rivals are now releasing 5G devices compatible with the country’s upgraded telecoms networks while Apple has yet to launch an iPhone with 5G capability.

More news below: 

  • SoftBank, the world’s biggest technology investor through its US$100 billion Vision Fund, estimated a record US$13 billion full-year loss, dragged down by its fund. The Japanese conglomerate blamed the poor performance on a "deteriorating market environment" hammered by the COVID-19 outbreak.

  • Amazon saw a significant increase in subscribers. However, the e-commerce giant will begin putting new grocery delivery customers on a waiting list to prioritize orders from existing customers who buy food online during the outbreak.

  • The world’s leading economies need to plug gaps in their rulebooks to avoid digital currencies like Facebook’s Libra from undermining financial stability, the Group of 20 Economies’ regulatory watchdog said.

The data used in this article was sourced from:  
Reuters
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