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Showing posts with the label COMPANIES

Mukesh Ambani: India tycoon launches $25bn 5G rollout plan

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Indian multi-billionaire Mukesh Ambani has announced a $25bn (£21.3bn) plan to launch 5G mobile internet services in the country within two months. Mr Ambani, who heads the telecoms-to-retail group Reliance Industries, says the high-speed network will be introduced first in major cities, including New Delhi and Mumbai. He said it will then be expanded to the rest of India by December 2023. The company is also working with Google to develop a budget 5G smartphone. Speaking on Monday at Reliance's annual general meeting, Mr Ambani said that once the firm's 5G network is fully operational it would be the biggest in the world. The service will be rolled out through Reliance's subsidiary Jio - which is India's largest mobile carrier. Asia's richest men battle to dominate 5G in India What is 5G and what will it mean for you? Mr Ambani also said that Reliance was working with US technology giant Google to develop an "ultra-affordable" 5G smartphone, without givin...

Doubt about spam accounts could scuttle Twitter deal, says Elon Musk

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Tesla CEO Elon Musk says his deal to buy Twitter can't move forward unless the company shows public proof that less than 5 per cent of the accounts on the social media platform are fake or spam. Musk made the comment in a reply to another user on Twitter early Tuesday. He spent much of the previous day in a back-and-forth with Twitter CEO Parag Agrawal, who posted a series of tweets explaining his company's effort to fight bots and how it has consistently estimated that less than 5 per cent of Twitter accounts are fake. In his tweet Tuesday, Musk said that 20 per cent fake/spam accounts, while 4 times what Twitter claims, could be much higher. My offer was based on Twitter's SEC filings being accurate. Read More : https://www.business-standard.com/article/international/doubt-about-spam-accounts-could-scuttle-twitter-deal-says-elon-musk-122051700705_1.html