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US $ 300 mln infrastructure investment to set foundation for Digital Pakistan

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US $ 300 mln infrastructure investment to set foundation for Digital Pakistan

ISLAMABAD: A telecommunications infrastructure services provider would invest up to US$ 300 million in next five years to introduce innovations and support faster, better and more cost-efficient shared network throughout Pakistan.

The edotco group has already invested US $ 100 million to establish and grow local operations and planning to invest around US $ 50-60 million annually for next five years to transform the telecommunication industry towards achieving digital Pakistan ambitions with smart solutions.

Chief Executive Officer and other senior officials for edotco Group while talking to mediapersons claimed to be Pakistan’s largest independent tower operator with 850 towers to date and envisaging having 20,000 to 30,000 towers i.e. 20-30 per cent in near future to enable telecom services providers to efficiently meet their growing infrastructure requirements.

“We want to pay taxes and we need a conducive environment for investment, cost-effective infrastructure system i.e. incentives for infrastructure,” the CEO said.

The edotco official said that 3G/4G is faster in Pakistan but urged for sharing telecom infrastructure to make tower infrastructure cost-effective.

The Group is committed to laying foundations of a 5G-ready Pakistan but it requires prerequisites including fiberization, better smartphone penetration as well as spectrum availability and policies on part of government.

They said currently, around 6 percent of towers in the country are fiber connected while smartphone penetration stands at 31 per cent. 5G would help in fast technology-based facilities.

They said that with an encouraging rise in Pakistan’s smartphone penetration and increase in overall mobile and data usage, edotco sees potential to advance current telecommunication landscape to meet growing demands.

With a strong presence and committed investment in the country, edotco has reaffirmed its plans for creating an agile and future-ready telecommunications infrastructure industry in Pakistan, said edotco’s officials while sharing Group’s strategy to improve country’s telecommunications sector whilst setting foundation for a Digital Pakistan.

Moreover, they said to meet projected fivefold spike in mobile data usage, Pakistan’s telecommunications industry will need over 30,000 new tower sites by 2022, double of what it has now.

The new sites will be coverage sites to extend connectivity to rural and hard to reach areas, as well as capacity sites, to meet increasing data usage growth, as more users transition from 3G to 4G and beyond.

The Group is keen to partner with local ecosystem towards transforming telecommunications landscape. To date, edotco has invested over US $ 100 million to establish and grow its local operations.

Pakistan and Malaysia have shared a healthy bilateral relationship and we look forward to leading
way in telecommunications investment while playing a part in achieving the country’s digital agenda, they added.

 

 

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S. Korea to begin 5G service in March

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SEOUL:  South Korea’s finance minister said today that Seoul will become the first country in the world to start commercial operations of fifth-generation mobile network services next month.
Hong Nam-ki made the announcement at a meeting with senior officials on innovation-led growth in Seoul. KT Corp., South Korea’s leading wireless and fixed-line services provider, carried out a world first
trial service of its 5G system during the PyeongChang Winter Olympics last year. 5G data transmission speeds are 40-50 times faster than the existing 4G network or long-term evolution (LTE) and are expected to open a wide range of new business opportunities for the communication service sector.
The system, moreover, allows greater numbers of people to communicate with each other at the same time and promises to open vast markets for devices and services. The finance minister also said KT and two other local competitors – SK Telecom Co. and  LG Uplus Inc. – will invest some 3 trillion won (US$2.6 billion) this year to set up seamless 5G connectivity in the country going forward.

 

 

 

 

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Malaysia aims to become leading aerospace nation by 2030

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MALAYSIA: Malaysia is aiming to become Southeast Asia’s leading aerospace nation by 2030, says International Trade and Industry Minister Darell Leiking.

He said by 2030, the industry was targeted to generate an annual revenue of RM55.2 billion and create more than 32,000 high-income jobs.

“Under the 11th Malaysia Plan, the government had identified the aerospace sector as one of the new growth industries for Malaysia,” he said when launching SAM Engineering and Equipment (M) Bhd’s new plant here Thursday.

Darell said the government aimed to shift Malaysia’s economy from labour intensive to high value-added, as well as knowledge and innovation-based economy, with a focus on the services and manufacturing sectors.

“In 2017, the Malaysian aerospace industry recorded a revenue of RM13.5 billion, with aerospace manufacturing contributing 48 per cent of the amount.

“The (aerospace) industry’s export value reached RM8.51 billion, comprising mainly of aerospace parts and components,” he said.

Citing a report, Darell said aircraft manufacturers Airbus and Boeing forecast that more than 40,000 new aircraft would be needed globally by 2037 and about 16,000 aircraft would be delivered to the Asia-Pacific region.

“Airbus valued the 35,000 of the planes to be delivered over the next 20 years at around US$5 trillion (US$1=RM4.07),” he said.

The minister said a strong ecosystem to support aerospace manufacturing, and maintenance, repair and overhaul (MRO) activities was needed in view of the expected increase in the number of aircraft globally and regionally.

“This positive development is spurring the government to view the aerospace industry as a critical sector offering abundant opportunities for the transfer of advanced technologies in engineering, electronics, composite materials, system integration, MRO, and industry-led research and technology,” he added.

 

 

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Samsung launches flagship Galaxy S10 series smartphones in San Francisco

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Samsung launches flagship Galaxy S10 series smartphones in San Francisco

SAN FRANCISCO: South Korea’s top smartphone manufacturer Samsung Electronics Co., Ltd. has officially launched its flagship Galaxy S lineup of smartphones at its Unpacked event in downtown San Francisco.

The newly unveiled products consist of three models — the cheaper S10e, the standard S10 and the S10 Plus, which Samsung claimed are next-generation mobile devices for needs of a future life.

Galaxy S10 Plus boasts a 6.4-inch screen featuring Samsung’s new “Dynamic AMOLED” display technology, and an Octa-core Qualcomm Snapdragon 855 processor that is believed to be fast enough to become a strong contender of Apple’s iPhone XS Max.

The launch of the Galaxy S series smartphones coincided with the 10th anniversary of the Galaxy family since the first Galaxy S mobile phone made its debut a decade ago.

Samsung said the new lineup “delivers a next-generation experience in the categories consumers care about most: groundbreaking innovations in display, camera and performance.”

“Since its launch 10 years ago, the Galaxy S series has stood for premium innovation — offering consumers an incredible experience, and the ability to find the device that’s right for them,” said DJ Koh, president and CEO of IT and Mobile Communications Division at Samsung Electronics.

With these new products, Samsung is “leveraging a decade of industry leadership to usher in a new era of smartphone technology,” Koh added.

Samsung also announced its new lineup of Galaxy wearables — Galaxy Watch Active, Galaxy Fit and Galaxy wireless ear buds at Wednesday’s event.

 

 

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