Telecom subscriptions hit 195.1m in July
…Adds 2.88m subscriptions in one month By Juliet Umeh Nigeria’s active telecommunications subscriptions rose by 2.88 million in July 2026 to 195.11 million, up from 192.23 million recorded in June, according to the Nigerian Communications Commission, NCC. The increase represents a monthly growth of about 1.5 per cent, while the country’s teledensity rose from 88.67 […]
Facebook challenges YouTube with licensed music videos
Facebook on Friday added licensed music videos to the social network in the US, challenging YouTube for the attention of online audiences.
Amazon to invest $10bn in space-based internet system
Amazon says it will invest $10 billion for its planned space-based internet delivery system after winning US regulatory approval to deploy more than 3,000 low-orbit satellites. The US tech giant said on Thursday it is moving forward with its Project Kuiper, one of several systems planned to bring internet to customers without land-based connections. Project […]
Amazon posts biggest profit despite raging COVID-19 pandemic
Amazon.com on Thursday posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic. Shares of Amazon, the world’s largest online retailer, rose 5% in after-hours trade. While rival brick-and-mortar retailers have had to shut stores during government-imposed lockdowns, Amazon hired 175 000 […]
Twitter says hack targeted employees using ‘spear phishing’
The hackers who accessed dozens of high-profile Twitter accounts in mid-July gained access to the system with an attack that tricked a handful of employees into giving up their credentials, according to a company update. Twitter said in a security update late Thursday that the July 15 incident by bitcoin scammers stemmed from a “spear […]
Nokia flips back into profit
Finnish telecommunications equipment provider Nokia said Friday it had returned to profit in the second quarter and hiked its 2020 forecasts, despite a drop in sales due to the coronavirus pandemic. Net profit came in at 94 million euros ($112 million) compared to a loss of 193 million euros during April-June last year. The result […]
