Orange acquires 100% ownership of MasOrange

Press Release

Posted by Harry Baldock, Orange today announced that it has completed the acquisition of the 50% stake in MasOrange held by Lorca, its joint venture partner in Spain. The Group now owns 100% of the operator’s capital and will fully consolidate MasOrange’s results in its financial statements from going forward.

This transaction follows the signing of a binding agreement with Lorca on 12 December 2025, under which Orange agreed to acquire full ownership of MasOrange for a cash consideration of €4.25 billion. Since then, Orange has obtained all the necessary approvals for the transaction to be completed, including from the European Commission.

A key milestone in the Group’s strategy in Spain

Christel Heydemann, Chief Executive Officer of the Orange group, said: “Acquiring full ownership of MasOrange is a strategic step of our Trust the future plan and strengthens Orange’s position in Spain, our second-largest market in Europe. It paves the way for accelerated industrial, operational and commercial synergies, supporting greater value creation. With full ownership comes full agility, MasOrange can now move at full speed backed by the strength and scale of the Orange group.”

Meinrad Spenger, Chief Executive Officer of MasOrange, added: “By becoming fully part of the Orange group, MasOrange now has an even stronger foundation for future growth. It will allow us to accelerate our momentum in the Spanish market, supported by a greater capacity for investment and innovation as well as global expertise. This is good news for the Spanish consumers, enterprises and public administrations, since we will continue to provide them high-quality and innovative services, while benefiting from the Orange group’s industrial strength and scale to create even more value in Spain.”

As a follow-up to this transaction, Meinrad Spenger will join the Orange group’s Executive Committee. This appointment reflects the strategic importance of Spain for the Group and will further leverage his recognized experience in the telecommunications market and his leadership in advancing MasOrange’s development.

MasOrange is currently the leading operator in the Spanish market by customer base and customer satisfaction. At the end of the first quarter of 2026, it had 26 million mobile customers and 7.1 million fixed broadband customers. MasOrange relies on the most advanced leading fiber and 5G mobile infrastructure, enabling it to provide high-quality connectivity and other innovative services across the country to meet the needs of public administrations, consumer and business customers.After closing, the Group intends to refinance MasOrange financial debt over time. Orange acquires 100% ownership of MasOrange - Total Telecom

Read More........ → June 15, 2026

Samsung Strikes Deal with Workers for Profit Sharing in Company's Trillion Dollar Slice of the AI Pie

Samsung Electronics Executive Vice President Yeo Myung-gu, left, and Samsung Electronics labor unions leader Choi Seung-ho sign a wage agreement – credit, Samsung, released

Following eye-watering Q1 performance, some 48,000 of Samsung’s semiconductor division workers are set to receive a new profit-sharing-style bonus structure that will give a bigger slice of the AI pie to those making baking it.

Samsung’s compensation package was among the country’s most generous, as the tech giant accounts for a staggering 16% of national GDP. But after last month’s Q1 revenues rose over 800%, exceeding the entirety of fiscal year 2025, 40% of Samsung’s South Korea-based staff were poised to go on strike for better terms.

The issue was resolved quickly and a preliminary agreement was reached between Samsung’s largest labor union and the company which saw the staff return to work Monday morning, and the company’s shares surge 7%.

Roughly 75% of the 62,000 unionized workers backed the preliminary deal that would see an end to the cap on bonuses of 50% of annual pay, and in its place the commitment to allocate 10.5% of operating profits from its semiconductor division to worker bonuses.

Well, the semiconductor division accounted for 94% of total operating profit in the quarter, amounting to $35.8 billion, 10.5% of which divided 48,000 striking workers would equate to around $78,000 for just this quarter alone. Multiplied by 4, a worker’s slice of the AI boom would amount to $312,000.

Samsung is the country’s largest company at over $1 trillion in market cap, and it’s also the largest semiconductor manufacturer. The standoff came 8 months after the second-largest semiconductor producer, SK Hynix, improved its own bonus terms to its employees.

“The semiconductor industry is now facing a war to secure global talent,” Samsung’s union said in a statement last month. “SK Hynix has already revised its compensation structure to retain talent, while foreign companies are luring our engineers with exceptional offers.”

Samsung and SK Hynix are direct beneficiaries of the global AI boom (or bubble, as some might say), as the wafer-thin processors are needed to supply the computing power to run the AI tools which can be found all throughout our society from E-commerce to hospitals to the front lines of the war in Ukraine.

The strike threatened to so thoroughly derail global semiconductor production that the Korean Prime Minister Kim Min-seok made mention of it on Sunday.

“Any disruption to Samsung’s semiconductor production would go far beyond losses for a single corporate group, leaving deep scars across the national economy,” said the Prime Minister, whose government actually helped step in and mediate the deal.“The agreement came later than expected,” Samsung said in a Wednesday statement. “We will work to build a more mature and constructive labor management relationship so that such a situation does not happen again.” Samsung Strikes Deal with Workers for Profit Sharing in Company's Trillion Dollar Slice of the AI Pie

Read More........ → May 29, 2026

Telstra and Ericsson team up to target 6G

Posted by Harry Baldock | News: The agreement spans various aspects of 6G research, including trips to both parties’ research centres

Telstra and Ericsson have signed a letter of intent to collaborate on 6G research.

The agreement will see the companies collaborate on the research, standards development, and real-world testing of 6G technology,

It also includes mutual site visitations, with Telstra engineers visiting Ericsson’s testbed in Sweden, and Ericsson staff travelling to Telstra’s Innovation Centre on the Gold Coast.

Further details on the partnership were sparse, but both partners emphasised the role AI had to play in making 6G networks more intelligent and more customisable for customers. This feature is, in fact, a key element of Telstra’s Connected Future 30 strategy, which aims to allow customers to purchase configurable connectivity services at individual prices.

“Mobile connectivity has been one of the most powerful economic engines of modern Australia. As the first G which is AI-native, 6G will be the most intelligent network yet – capable of advanced network connectivity, and new Network as a Product innovations such as the ability to sense the environment around the network. The latter opens the potential for new use cases for public safety, agriculture, weather detection and more,” said Shailin Sehgal, Telstra Group Executive of Global Networks & Technology.

“We are on a clear and exciting trajectory – from 5G Standalone today, to AI-powered 5G and autonomous networks, towards AI-native 6G that is meeting the evolving and future business needs,” added Erik Ekudden, Ericsson Chief Technology Officer. “6G will redefine what a network fundamentally is – not just an AI-native technology platform, but a platform that senses, adapts and orchestrates resources to deliver outcomes for enterprises and society at scale; simply an intelligent fabric.”

This type of partnership is largely to be expected, with Ericsson having been Telstra’s primary RAN partner for many years. The companies made similar agreements during the early days of the 5G era, though these were often based around delivering greater speeds.Today, Ericsson and Telstra’s focus has increasingly shifted away from pure speeds and towards the benefits of AI integration and network optimisation. It seems likely that their initial joint research on 6G will follow that same path. Telstra and Ericsson team up to target 6G - Total Telecom

Read More........ → May 28, 2026

Airtel and partners pump $1bn into Nxtra data centres

The transaction is designed to accelerate Nxtra’s buildout of large-scale and edge facilities to serve enterprises, hyperscalers, and government customers across India.

Bharti Airtel has secured a $1 billion equity infusion for its data centre arm Nxtra Data from a consortium led by Alpha Wave Global, with participation from The Carlyle Group, Anchorage Capital and Airtel itself, the company said.

Under the terms disclosed, Alpha Wave Global will contribute $435 million, Carlyle $240 million, Anchorage Capital $35 million, with Airtel investing the remainder. Final investor stakes will be subject to post-closing adjustments and customary approvals.

According to reporting, the deal will see Nxtra valued at roughly $3.1 billion, with Airtel remaining the controlling shareholder.

The capital will be applied primarily to capacity expansion, with Nxtra planning to grow from about 300 MW today to a targeted 1 GW, aiming t control roughly a quarter of India’s data centre market.

Headquartered in New Delhi, Nxtra already operates 14 major data centres and more than 120 edge facilities across India, with recent openings in Pune and active development of AI-ready campuses in Chennai, Mumbai, and Kolkata.As always, the deal is subject to typical regulatory approvals. Airtel and partners pump $1bn into Nxtra data centres - Total Telecom:

Read More........ → May 05, 2026

Tata Motors hits 10 lakh commercial vehicle milestone at Lucknow plant

(Photo: Tata Motors)

New Delhi, (IANS) Indian commercial vehicle manufacturer Tata Motors Ltd on Wednesday announced the rollout of its 10th lakh vehicle from its Lucknow plant.

The rollout also marked three‑and‑a‑half decades of operations in Uttar Pradesh, the company said in a release.

In his reaction, Uttar Pradesh Chief Minister Yogi Adityanath said: "The rollout of 10 lakh trucks and buses from Tata Motors’ Lucknow facility is a moment of pride for the entire state. It is a recognition of the state’s capabilities and immense potential, as well as of its talented people."

"Our vision is to transform Uttar Pradesh into a one‑trillion‑dollar economy, with industry and entrepreneurs playing a pivotal role in this journey. The state offers a conducive ecosystem for scalable businesses, supported by a vast consumer market, a young, skilled workforce, and seamless connectivity," he said.

Tata Motors’ success in Uttar Pradesh reflects the strength of this ecosystem and reinforces the state's commitment to fostering responsible industrial growth, creating jobs, building skills and advancing sustainable socio‑economic development, he added.

The milestone vehicle was a zero-emission electric bus, and it highlighted the shared commitment of Uttar Pradesh and Tata Motors to green mobility, aligned with the state’s net-zero 2070 vision and the company’s net-zero target of 2045, the company said.

On this occasion, Tata Sons Chairman N. Chandrasekaran said that the production of Tata Motors' 10th lakh commercial vehicle from its Lucknow facility reflects the strength of its longstanding partnership with Uttar Pradesh.

"Over more than three decades, this collaboration has demonstrated how industry, government and communities can come together to drive industrial excellence, create livelihoods and build capabilities at scale," he added.

"As India’s commercial vehicle industry is undergoing rapid transformation towards cleaner, smarter and more efficient mobility solutions, this milestone underscores Tata Motors’ leadership in shaping the future of mobility," he said, as per the release.

The Lucknow facility, established in 1992 and spread over about 600 acres, has an annual capacity of over one lakh vehicles and supports over 8,000 livelihoods.

It builds industry‑relevant skills through flagship training programmes, and operates as a water‑positive facility powered by 100 per cent renewable energy, the auto manufacturer said.It manufactures a comprehensive range of cargo and passenger commercial vehicles across multiple powertrains, including next-generation zero-emission electric buses and trucks, as well as fuel cell electric vehicles (FCEVs). Tata Motors hits 10 lakh commercial vehicle milestone at Lucknow plant | MorungExpress | morungexpress.com

Read More........ → April 21, 2026

Nuclear energy included in JPMorganChase USD1.5 trillion initiative

(Image: Thomas Breher/Pixabay)

JPMorganChase has announced it will make direct investments of up to USD10 billion as part of a USD1.5 trillion initiative to address pressing needs in key sectors from critical minerals to frontier technologies, including nuclear energy.

The USA-based financial services firm's newly announced Security and Resiliency Initiative is a 10-year plan to facilitate, finance and invest in industries critical to national economic security and resiliency. The initiative, which expands the firm's existing plans to "facilitate and finance" some USD1 trillion over the next decade, will see it make direct equity and venture capital investments to help select companies, primarily in the USA, to enhance their growth, spur innovation, and accelerate strategic manufacturing.

JPMorganChase said it will focus on four key areas, with 27 sub-areas, to support companies across all sizes and development stages by offering advice, providing financing, and, in some cases, investing capital. The initial list of 27 sub-areas will be refined and augmented over time.

The four key areas are:

• Supply Chain and Advanced Manufacturing, including critical minerals, pharmaceutical precursors and robotics

• Defence and Aerospace, including defence technology, autonomous systems, drones, next-gen connectivity and secure communications

• Energy Independence and Resilience, including battery storage, grid resilience and distributed energy

• Frontier and Strategic Technologies, including AI, cybersecurity and quantum computing

Nuclear energy - specifically, "power generated through next generation nuclear tech" - is identified as a sub-area under the Energy Independence and Resilience key theme. "Diversified sources of energy production and the modernisation and resiliency of the grid will be imperative to the national interest and advancing artificial intelligence," the company notes. The other sub-areas under this theme are grid resilience, distributed energy, battery storage and solar.

"It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing - all of which are essential for our national security," said Jamie Dimon, Chairman and CEO of JPMorganChase. "Our security is predicated on the strength and resiliency of America's economy. America needs more speed and investment. It also needs to remove obstacles that stand in the way: excessive regulations, bureaucratic delay, partisan gridlock and an education system not aligned to the skills we need."

The new initiative "includes efforts like ensuring reliable access to life-saving medicines and critical minerals, defending our nation, building energy systems to meet AI-driven demand and advancing technologies like semiconductors and data centres", Dimon added.

The firm also said it will advocate for policies that can accelerate these efforts, including research and development, permitting, procurement and regulations conducive to growth. "As the bank intensifies its focus on these essential industries, it will also continue to work closely with its community and business partners to champion these sectors, foster talent and support skills training to ensure companies can fill critical jobs," it said.With operations worldwide, JPMorganChase & Co had USD4.6 trillion in assets and USD357 billion in stockholders' equity as of 30 June, and serves its customers under the JP Morgan and Chase brands Nuclear energy included in JPMorganChase USD1.5 trillion initiative

Read More........ → April 02, 2026

Terrapinn acquires FMS: the Future of Memory and Storage

Posted by Harry Baldock | Press Release, LONDON, UNITED KINGDOM – Terrapinn, the global events company, is delighted to announce the acquisition of FMS: the Future of Memory and Storage from Conference Concepts Inc. FMS is widely regarded as the world’s most important and credible event dedicated to memory and storage technologies.

Held annually in Santa Clara, California, FMS has spent two decades as the essential meeting point for the global memory ecosystem – from leading semiconductor manufacturers to system architects and hyper-scalers. The acquisition comes at a pivotal moment as the industry faces an “unprecedented mismatch” in supply and demand, driven by the rapid expansion of artificial intelligence (AI) and the surge in demand for High-Bandwidth Memory (HBM).

“We are absolutely delighted to announce the acquisition of Future of Memory and Storage,” said Terrapinn CEO Greg Hitchen. “FMS is a significant addition to our global portfolio of technology events. We look forward to serving the memory and storage industry and will ensure that the technical excellence and authority of FMS is maintained, and then surpassed, as we invest in its next phase of global growth”.

FMS was created and nurtured by Lance Leventhal and Chip Stockton, principals of Conference Concepts Inc, growing it from its roots as the Flash Memory Summit into an all-encompassing industry showcase.

Chip Stockton, President of Conference Concepts Inc, said: “We have created a really important event for the memory and storage community and have carefully nurtured it over many years. But we now feel it is the right time to pass it on to a larger company for its next phase of growth. We are really impressed by Terrapinn’s commitment to the sector and are sure they are the right fit to take FMS forward while ensuring a seamless transition for all our customers and stakeholders”.

The 20th-anniversary edition, FMS 2026, is scheduled for August 4–6, 2026, at the Santa Clara Convention Center. The event will feature a multi-stream conference, a large-scale global exhibition, and a Technical Pro Series focused on the infrastructure enabling the next generation of AI, data centers, and automotive applications.

Conference Concepts Inc was represented by John McGovern of Grimes, McGovern and Associates.

Terrapinn would like to thank Chip Stockton, John McGovern, our advisers and team.

About Terrapinn: Terrapinn is a global events company with businesses in the USA, Australia, Asia, Europe, the Middle East, and Africa. www.terrapinn.com

About Conference Concepts Inc: Founded in 1994, Conference Concepts is a professional conference management company focused on cutting-edge technologies and high-growth technical events.For further information please contact: rob.chambers@totaltele.com Terrapinn acquires FMS: the Future of Memory and Storage - Total Telecom

Read More........ → March 31, 2026

AT&T to invest $250bn to expand and enhance networks

Press Release: Posted by Harry Baldock, AT&T (NYSE: T) is proud to announce an investment and spend of more than $250 billion in the future of U.S. advanced connectivity, building the high-speed networks and resilience required for the next era of innovation and economic growth.

Building on the legacy of founder Alexander Graham Bell’s first phone call 150 years ago, AT&T is reaffirming its leadership as the company driving America’s connected economy so every community, family, and business can participate in the promise of American progress.

“Today, we’re committing more than $250 billion to increase U.S. connectivity competitiveness and expand access to AT&T’s leading fiber and wireless networks – the best way to get on the internet,” said John Stankey, Chairman and CEO of AT&T. “Current Federal telecommunications policy is as strong as I’ve seen in my career, making our commitment to invest possible. We look forward to serving American communities and businesses for the next 150 years.”

What began with a single copper wire has evolved into the nation’s largest converged network of fiber internet and 5G wireless services, connecting people at home, at work, and on the go.

This next chapter of investment and long-term operating commitment builds on that foundation through three strategic areas: deploying always-on connectivity, investing in people and communities, and innovating to secure America’s connected economy. The current tax and regulatory environment are the most conducive to such investment in decades.

Deploying Always-On Connectivity

Ubiquitous networks that provide reliable, always-on connectivity are the critical conduits that make Artificial Intelligence, autonomous technologies, cloud computing, and data-heavy digital services possible. AT&T’s investment will expand future-ready fiber and wireless services, modernize critical infrastructure, and strengthen network resilience and security to support communities and the economy for decades to come, including:

• Accelerating the deployment of fiber, 5G home internet, wireless and satellite across urban, suburban, and rural America

AT&T’s satellite collaboration with AST SpaceMobile will extend coverage into remote areas.

• Strengthening FirstNet, Built by AT&T – the nation’s first and only network built with and for first responders – and modernizing vital infrastructure for public safety and resilience

With AT&T Dynamic Defense, we deliver the only network connectivity with comprehensive built-in security controls.

• Laying the groundwork for the next wave of American technological leadership through smart infrastructure and network optimization

AT&T’s Wi-Fi Personalization provides a tailored home experience that matches our customers’ daily habits, and AT&T Turbo Live allows customers to boost their data experience at live events to get the reliable connection they want, even in crowded venues.

Investing in People and Communities

Building the nation’s connectivity backbone requires dedicated, highly trained people. With approximately 110,000 U.S. employees today, AT&T will continue investing in America’s workforce, including supporting the largest unionized workforce in the U.S. telecom industry, with a focus on training and development.

Investing in education through connectivity also strengthens communities. When workers can train locally, communities retain talent, families gain stability, and local economies grow stronger. These are mission-critical roles that keep networks running safely and reliably – work that depends on skilled technicians, engineers, and customer-facing experts that will remain essential as technology evolves. Focus areas include:

• Recruiting and training more skilled technicians that are needed to build and maintain essential telecommunications infrastructure
• Hiring thousands of technicians in 2026 alone; Only 5% of jobs at AT&T require a four-year degree
• Investing in training, upskilling, and career pathways to keep roles current as tools and technology change – including AI fluency
• Supporting American families with competitive wages, employee benefits and exceptional wellness programs, and long-term financial security

Innovating to Secure America’s Connected Economy

As connectivity becomes more essential, so do trust, security and continued American leadership in innovation. AT&T will continue investing in technologies that advance and protect the connected economy, including:

• Scaling network security and AI-driven threat intelligence
• Enabling the next wave of American invention across industries by opening up our network to allow new entrants to innovate and supply telecommunications equipment.
• Strengthening collaboration with public-sector partners to support national resilience and first responders
• Supporting America’s leadership in global technology and innovation

With this commitment, AT&T will keep building the network Americans rely on, whether delivered by fiber, wireless, or satellite, so more people and businesses have access to fast, reliable connectivity. It’s the foundation for what’s next, from remote care, to autonomous vehicles to AI, and it will help keep America connected for the next 150 years.Join AT&T and the US connectivity ecosystem in discussion at Connected America 2026 AT&T to invest $250bn to expand and enhance networks - Total Telecom

Read More........ → March 20, 2026

MTN to take control of IHS Towers for $2.2 billion

Posted by Harry Baldock: The operator says reintegrating the tower assets will strengthen its African operations and improve financial metrics

African telco giant MTN Group is set to take full control of IHS Towers, one of Africa’s largest independent tower companies, in a deal valued at $6.2 billion.

The deal will see MTN acquire the 75% stake in IHS that it doesn’t already own for $2.2 billion in cash.

“This proposed transaction is a pivotal step in further strengthening MTN Group’s strategic and financial position for a future where digital infrastructure will become ever more essential to Africa’s growth and development. This transaction gives us a unique opportunity to buy back our towers and strengthen our ability to be partners for progress to the nation states in which we operate,” said MTN CEO Ralph Mupita.

The deal is subject to the typical regulatory approvals, with watchdogs likely to look closely at the impact on competition, given IHS also rents their infrastructure to MTN’s rivals across Africa.

For MTN, the move represents something of a strategic U-turn. The operator group has pursued an asset-light approach for the past decade, selling many of its towers – largely to IHS – in multiple markets.

In recent years, however, MTN’s relationship with the tower company has grown more complicated. The operator has repeatedly complained about IHS’s corporate governance, particularly that IHS had capped its voting rights at 20%, despite MTN owning a stake of around 26% in the business.

At the same time, IHS saw major losses from the devaluation of the Nigerian naira in 2023, leading MTN to attempt to seek adjusted lease terms to reduce foreign‑currency exposure.

Given this increasingly difficult operating relationship, MTN’s stake acquisition represents an opportunity to simplify and de-risk the company’s balance sheet by removing long‑term lease liabilities.Market watchers will be watching whether MTN’s reintegration of roughly 29,000 African sites delivers the financial and strategic gains management forecasts, and whether rivals respond with selective buybacks, new sharing deals, or continued reliance on independent towercos. MTN to take control of IHS Towers for $2.2 billion - Total Telecom

Read More........ → March 03, 2026

Allianz world’s No. 1 insurance brand for 7th consecutive year

Allianz has once again been recognised as the World’s No. 1 insurance brand in the Interbrand Best Global Brands 2025 ranking, marking its seventh consecutive year at the top.

This year, Allianz achieved its highest-ever brand value and strongest growth in history, increasing by 20% from $ 23.5 billion to $ 28.2 billion, and rising two places to No. 27 globally.

This achievement reflects Allianz’s strong financial performance and the consistent execution of its global brand strategy, reinforcing its reputation for trust, innovation, and reliability worldwide. It is also a testament to the dedication and collective effort of every Allianz employee across the globe.

Allianz Insurance Lanka Ltd., is a fully owned subsidiary of Allianz SE, a global financial services provider specialising in insurance and asset management, headquartered in Munich, Germany. Allianz world’s No. 1 insurance brand for 7th consecutive year | Daily FT

Read More........ → February 25, 2026

Grid Telecom to build Artemis subsea cable connecting Crete to mainland Greece

Posted by Total Telecom Staff : Press Release, Grid Telecom, a wholesale telecommunications provider and subsidiary of IPTO, has announced the construction of ARTEMIS, an ultra-high-capacity subsea optical fiber cable system that will link Crete with mainland Greece.

As a new strategic digital corridor in the Eastern Mediterranean, ARTEMIS is set to strengthen decisively regional connectivity, enhance Greece’s geopolitical footprint, and accelerate the country’s ongoing digital transformation.

The ARTEMIS system will be equipped with subsea repeaters and will span approximately 280 kilometres, including its terrestrial segments linking the cable landing stations. Ιt will interconnect all landing stations and data centers in Crete and Attica region, enabling data transmission rates of up to 30 Tbps per fiber-pair. With a minimum of 24 fiber-pairs, ARTEMIS will deliver an overall design capacity of at least 720 Tbps, more than meeting all medium‑ and long‑term digital infrastructure needs.

Engineered to support the next generation of cutting‑edge technologies, ARTEMIS will take full advantage of the relatively short transmission distance and the capability to expand the optical spectrum. As a result, the system is poised to become the first petabit-class subsea cable in Greece and the Mediterranean, with a potential total capacity exceeding 1 petabit per second, pushing well beyond the performance limits of today’s subsea optical fiber systems, setting a new benchmark for regional and international digital connectivity.

Grid Telecom continues to invest in state‑of‑the‑art infrastructure with the goal of transforming Crete into a strategic digital hub, delivering network reliability, flexibility and diversity. Grid Telecom will leverage the synergies between the new ARTEMIS system and its existing Minoas East‑West and Apollo East‑West systems, which already connect the island to mainland Greece through four independent routes and a total of 96 fiber-pairs. The Minoas East‑West system links Chania to the Peloponnese, providing a low‑latency alternative route, while the Apollo East‑West system provides a direct connection between Heraklion and Attica, with no intermediate cable landing stations, adding another critical alternative path.

In line with its commitment to advancing next‑generation telecommunications services, Grid Telecom is proceeding with the immediate construction of new cable landing stations in Chania and Attica. These facilities will serve both as landing points for the ARTEMIS cable system and as critical gateways for international subsea fiber cables traversing the Eastern Mediterranean, linking Greece with the Middle East and Western Europe. ARTEMIS will incorporate Open Cable Interface Equipment (OCIE), enabling seamless integration with all international cable systems, eliminating the need for additional transmission terminal equipment and providing direct, cost‑efficient backhaul access to all data centers.

With these infrastructures in place, Grid Telecom as the premier neutral provider of wholesale telecom services in Greece, will deliver secure, open‑access landings and highly resilient connectivity through diversified fiber routes to both existing and emerging data centers in Crete, mainland Greece, and neighbouring countries. By fully leveraging its integrated terrestrial and subsea network assets, the company will ensure robust, scalable, and carrier‑grade connectivity across the region and provide comprehensive technical support and maintenance services at both infrastructure and operational levels.Keep up to date with all the latest telecoms news with the Total Telecom newsletter Grid Telecom to build Artemis subsea cable connecting Crete to mainland Greece

Read More........ → February 12, 2026

Intracom Telecom Expands Strategic Collaboration with Nova to Enhance Enterprise Connectivity

Posted by Harry Baldock, Intracom Telecom, a global technology systems and solutions provider, and Greece’s largest network infrastructure manufacturer, announces the expansion of its collaboration with Nova, a member of United Group the leading telecommunications and media provider in Southeast Europe and a pioneering provider of mobile, internet, and video services. Nova will begin deploying Intracom Telecom’s WiBAS™ G5 Smart and WiBAS™ G5 GigaConnect FWA platforms to deliver reliable high-speed enterprise connectivity over Nova’s 5G mmWave spectrum at 26.5–27.5 GHz.

This deployment marks an important step in Nova’s ongoing investment in high-speed access infrastructure, aimed at supplying business customers with highly reliable broadband services. Operating in the 26.5–27.5 GHz band, the WiBAS™ G5 platform enables Nova to unlock substantial network capacity and deliver consistent performance, ensuring robust connectivity even in demanding enterprise environments.

Since 2021, Intracom Telecom and Nova have been engaged in a multi-year network modernization program utilizing Intracom Telecom’s field-proven WiBAS™ Point-to-Multipoint (PMP) technology. This nationwide initiative has focused on expanding coverage and capacity across Greece’s major metropolitan areas, connecting thousands of business customers with next-generation wireless access solutions. The ongoing expansion reinforces Nova’s strategy to deliver resilient, ultra-fast connectivity to enterprises of all sizes.

“Our collaboration with Nova continues to grow stronger as we jointly build the foundation for a high-capacity enterprise connectivity network in Greece,” commented Ioannis Tenidis, Director for Wireless Product Line Management at Intracom Telecom. “The deployment of our WiBAS™ G5 platform will enable Nova to deliver unmatched performance and reliability to its business subscribers on valuable 5G mmWave spectrum.”

Thanos Theodoropoulos, Access & Transmission Senior Manager at Nova, added: “Intracom Telecom has been a trusted technology partner in our multi-year effort to modernize and expand our enterprise wireless services. The new WiBAS™ G5 solutions enable us to offer even higher speeds and resilient connectivity to our customers, supporting Greece’s digital transformation.” Intracom Telecom Expands Strategic Collaboration with Nova to Enhance Enterprise Connectivity - Total Telecom

Read More........ → February 06, 2026

KKR–Singtel consortium near $10bn deal for STT GDC

Posted by Harry Baldock, The move seeks to capitalise on Southeast Asia’s booming date centre market

This week, media reports suggest that a consortium led by KKR and Singtel is closing in on a deal to acquire ST Telemedia Global Data Centres (STT GDC).

Negotiations, which are already at an “advanced stage”, would value the data centre business at around $10.22 billion.

“Singtel, as part of a consortium, continues to have discussions in relation to STT GDC. While these discussions are at an advanced stage, there is no certainty that such discussions will lead to any definitive or binding agreement,” said Singtel in a statement on Sunday.

STT GDC owns and operates around 100 data centres in over 20 markets, including Singapore, Malaysia, India, Germany, Italy, and the UK, according to the company website

Rumours that KKR and Singtel were in discussions to acquire STT GDC were first reported in July last year.

Both companies already hold stakes in the business, having jointly invested $1.3 billion in 2024, with KKR owning 14.1% and Singtel 4.2%. The remaining majority stake in STT GDC is held by ST Telemedia, itself owned by Singapore’s state-owned holding company Temasek.

For Singtel, the deal would represent the operator’s latest step in its drive to become a regional AI data centre powerhouse.

The company’s Digital InfraCo unit was rebranded as Nxera in 2024, with the company aiming to expand its data centre capacity in Southeast Asia to 200MW by the end of 2027 in partnership with Nvidia.

By combining Nxera’s existing and planned data centre assets in Singapore, Malaysia, Thailand, and Indonesia with those of STT GDC, Singtel would immediately become one of the region’s largest digital infrastructure players.

KKR, on the other hand, already owns roughly 155 facilities with a pipeline of 12-gigawatts of capacity. The company has been on a spending spree in recent years to grow this capacity even further, most recently including a $1.5 billion investment in Global Technical Realty, a company specialising in building bespoke facilities for hyperscalers like Amazon, Microsoft, and Google.How is the data centre landscape evolving in 2026? Join the industry in discussion at Total Telecom’s Hyperscale Live event! KKR–Singtel consortium near $10bn deal for STT GDC - Total Telecom

Read More........ → February 03, 2026

Samsung’s upcoming Galaxy smartphone to feature new privacy feature

IANS Photo

Seoul, (IANS): Samsung Electronics said on Wednesday its upcoming Galaxy smartphone will come with a built-in privacy feature allowing users to protect on-screen information from others without the need to attach an additional film.

The South Korean tech giant said the new feature will allow users to customise display visibility to prevent "shoulder surfing," noting the feature will be "coming to Galaxy very soon."

Samsung Electronics is expected to hold a showcase event for the Galaxy S26 smartphone in February. The new feature is set to be available for the Galaxy S26 Ultra, according to sources, reports Yonhap news agency.

"With multiple settings for adjusting visibility, you can limit what others can see based on the level of privacy protection you need," the company said in a release.

The company said users can customise the feature depending on applications.

"It took over five years of engineering, testing and refining to get here," the company said. "We studied how people use their phones, what they consider private and how security should feel in everyday life."

Meanwhile, Samsung Electronics showcased its Galaxy Z Flip 7 Olympic Edition, introducing features aimed at enhancing athletes' experience during the upcoming Winter Olympics in Italy.

The device will be provided to around 3,800 athletes from 90 countries participating in the Milan-Cortina Winter Olympics and Paralympics, which will kick off Feb. 6, the South Korean tech giant said.

The new edition of the Galaxy Z Flip comes with a design reflecting "cultural resonance of Italian azure" and "the spirit of unity and sportsmanship embodied by the Olympic Games," the company said.

"The custom gold metal frame symbolises athletes' pursuit of excellence and podium moments, as well as the brand's aspiration for the best," it added.

Samsung said athletes can utilise various cutting-edge features on the device to communicate with other participants, including its interpretation app and the Galaxy Athlete Card, which allows them to easily exchange profiles.

With the smartphone, Samsung Electronics said it will run a "Victory Selfie" event, under which medal winners will take selfies on the podium.Professional photographers will also use the Galaxy S25 Ultra smartphone during the event to take photos of around 490 athletes who gave their consent. Samsung’s upcoming Galaxy smartphone to feature new privacy feature | MorungExpress | morungexpress.com

Read More........ → January 30, 2026

Huawei betting big on telecoms’ Agentic AI revolution

Posted by Harry Baldock: The Chinese tech giant says AI agents will not only help telcos become more efficient, but will open crucial new revenue streams 

For many years now, the global telecommunications industry has been racing to achieve the somewhat amorphous goal of ‘digital transformation’, focused on replacing hardware with software, shift workloads to the cloud, and incorporate digital technologies. Today, in the age of AI, this digital transformation has become a mere stepping stone to a far more paradigmatic shift for telcos: the move towards comprehensive digital intelligence, incorporating AI and automation throughout operations. 

For Huawei, this is less a change in direction than it is the natural next step of digital strategy. Digitalisation of telco functions offered the industry a huge wealth of data, as well as the operational agility to begin using it effectively. Huawei first introduced a formal AI strategy back in 2018, aiming to use AI as a catalyst for this data boom across the telco sector. At that time,  AI served primarily as a reporting or analytical tool, offering insights and limited automation.   

Fast forward to 2025, and rapid advances in AI technology have seen the development of AI agents, fully collaborative operational partners capable of making data-driven decisions and acting upon them fully autonomously. The agentic AI revolution is already underway and, according to Huawei, telcos cannot afford to be left behind.   

Digital twins and Agentic AI combine for intelligent networks 

Huawei’s core AI strategy in the agentic AI era is built upon the powerful, synergistic convergence of two key technologies: digital twins and agentic AI.  

This fusion establishes a new operational paradigm where human expertise works in close collaboration with specialised, multi-layered AI agents. The digital twin acts as a virtual, real-time, and highly accurate replica of the physical network, creating a risk-free environment for experimentation.  

This virtual playground allows AI to explore complex scenarios, model failures, and test automated decisions without ever impacting live services. The AI then uses this simulation capability to move beyond simply reactive fault resolution, instead becoming a fully autonomous, intelligent system capable of accurately predicting faults, self-healing, and self-optimising in real time.  

This powerful combination, creating a new operating model for telcos, was at the heart of Huawei’s demonstrations at this year’s MWC Barcelona, including breakthroughs for both fixed and 5G networks. 

A multi-agent framework for O&M 

Operations and maintenance (O&M) is an area where this combination is particularly effective, with Huawei leveraging this dual strategy to achieve unprecedented levels of automation. The company’s approach is predicated on an AI multi-agent framework, where specialised intelligent agents operate and communicate across different network domains (e.g., transport, core, and RAN). These agents are tasked with specific functions, such as fault detection in a single domain or performance optimisation, but collaborate closely, using the predictive and simulation capabilities of the digital twin to contextualise their actions and resolve cross-domain issues. 

This collaborative structure enables a complete closed-loop automation chain, which Huawei describes as ‘perception–analysis–decision–execution’. The agents work in real time to intelligently detect subtle anomalies, rapidly demarcate complex cross-domain faults, precisely localise the root cause of issues, and initiate automated closed-loop handling.  

For operators, the benefits are significant. Faults can be identified and resolved in seconds rather than minutes, resulting in a much improved experience for customers. One customer reported consumer churn was reduced by 57% after incorporating these agents. 

AI with OSS/BSS 

The benefits of AI agents extend far beyond network management. AI agents can also be tailored for critical Business Support Systems (BSS) and Operational Support Systems (OSS) roles, driving up efficiencies and even generating new revenue streams.  

Huawei’s work in this area is built on its unified LLM Engine agent platform, which hosts numerous specialised agents. Human engineers can use simple language to present a problem to the agents on this platform and built-in Retrieval-Augmented Generation (RAG) capabilities ensure that the agents answer the prompt using predefined data sets. This not only ensures the answers generated represent best practice, but also ensures data security, providing greater control over the data these agents interact with.  

Alongside lightweight analytics models, these agents can assist in complex, mission-critical decision-making processes. They transform cumbersome, multi-step business workflows into streamlined, intelligent interactions. 

New revenue streams with business agents 

• Leveraging a comprehensive AI-Native strategy, agents in the BSS domain can also see AI agents deployed across a range of revenue-generating contexts. For example:  
• Customer Relationship Management (CRM): agents predict churn risk, and suggest hyper-personalised product bundles, moving marketing from mass campaigns to precise, data-driven targeting. In addition, in the B2B business domain, agents help account managers gain insights into lead opportunities, prepare materials for high-level visits, generate solutions, forecast profitability, and review contract risks, significantly improving business processing efficiency and accelerating business growth.  
• Convergent Billing System (CBS):  offering Design Agents can reduce the time to market for packages, significantly accelerating operators’ business innovation and revenue realisation. Throughout the billing process, Huawei CBS enables Intelligent Bill Run Management, Intelligent Invoice Agent, Intelligent Dispute Resolution, and Intelligent Dunning and Payment. CBS deeply integrates AI into the entire billing and business operations process this creates a zero-confusion billing experience for end-users, solidifying the foundation for sustainable business growth driven by superior 
• customer experience. Artificial Intelligence Contact Center (AICC):  AI is available for agents to help drive higher productivity and an enhanced employee experience, AI performs two broad functions, real-time call guidance and robotic process automation, through capabilities like post-call summarisation, suggest scripts to agents for targeted response, support agents with the right information through knowledge recommendations, AI-powered voice/chat/video bots for outbound marketing and leverages AI-powered insights about customers’ product and channel preferences to provide personalised marketing messages.  
• Mobile Money: agents assist in fraud detection and complex transaction monitoring, assuring security while streamlining customer enrolment and service usage. 

Ultimately, we are seeing AI used to streamline core business processes, reduce the time-to-market for new services, and drive substantial new revenue streams through more precise commercial execution. For Huawei, agentic AI will form the foundation of a new telco operating and business model, one in which autonomous intelligence drives efficiency, resilience, and, crucially, sustainable growth in an increasingly competitive market. 

A benchmark for digital intelligence transformation in telecoms 

Huawei’s recent recognition at the World Communication Awards reinforces that its vision for digital intelligence is already taking shape with global operators. The company secured the Silver Award for Total Experience, demonstrating how intelligent agents can transform enterprise engagement and service assurance. By reducing business processing time and speeding up repair cycles, these agents enable faster, more responsive interactions for enterprise customers.   

The second Silver Award, in the Best Digital Transformation Programme category, points to structural change within network operations. By combining automated diagnostics with closed-loop execution, operators are cutting manual workloads and accelerating fault resolution, while strengthening the commercial foundations for new digital services.   Together, the wins underline how far Huawei has come since first introducing its AI strategy in 2018. What began with analytics and automation has evolved into collaborative AI agents that elevate customer experience, reshape O&M, and drive commercial outcomes. For operators pursuing digital intelligence, these awards signal a mature and scalable model for AI adoption, and a glimpse of the new operating model the industry is moving toward.  Huawei betting big on telecoms’ Agentic AI revolution

Read More........ → January 26, 2026

Amway India's loss widens to Rs 74.25 crore in FY25

IANS Photo

Mumbai, (IANS): Amway India’s losses widened further in FY25 as it reported a total loss of Rs 74.25 crore for the financial year ended March 31, 2025, compared with a loss of Rs 53.38 crore in the previous financial year.

Its revenue from operations fell 10.56 per cent to Rs 1,148.16 crore in FY25 from Rs 1,283.75 crore in FY24, according to financial data accessed through business intelligence platform Tofler.

The company’s total income, which includes other income, declined 9.2 per cent to Rs 1,174.85 crore during the year.

Despite the fall in revenue, the company managed to cut several costs during the year. Its spending on advertising and sales promotion dropped sharply by 40.6 per cent to Rs 36.20 crore in FY25.

The royalty paid to its US-based parent company was also reduced by 15.7 per cent to Rs 55.43 crore, compared with Rs 65.74 crore in the previous financial year.

Payments made to Amway India’s sole selling agents declined marginally by 2.73 per cent to Rs 366.91 crore in FY25, from Rs 377.22 crore a year earlier.

Overall, the company’s total expenses came down 7.3 per cent to Rs 1,249.10 crore during the year, according to the financial data.

Amway India is a wholly owned subsidiary of Alticor Global Holdings Inc, headquartered in Ada, Michigan, and is one of the world’s largest direct selling companies. The Indian arm remains an unlisted entity.

Segment-wise, the company saw a decline across all major categories. Revenue from its largest segment, nutrition and wellness, fell 10 per cent to Rs 703.58 crore in FY25.

The personal care segment, the second largest, saw a sharper decline of 13.6 per cent, with revenue at Rs 189.22 crore, as per it’s financial data.Revenue from home care products slipped 2.65 per cent to Rs 120.29 crore, while the beauty segment reported a 12 per cent fall to Rs 96.59 crore during the financial year. Amway India's loss widens to Rs 74.25 crore in FY25 | MorungExpress | morungexpress.com

Read More........ → January 18, 2026

Nissan to invest $17.6 bn in EV development over next 5 years

IANS Photo

Tokyo, (IANS): As the adoption of electric vechicles enters top gear globally amid rising petrol-diesel prices, Japanese auto-maker Nissan on Monday said it will invest $17.6 billion (2 trillion Yen) in developing new EVs and battery technology over the next five years.

Unveiling the 'Nissan Ambition 2030' plan, the company announced it will launch 23 new electrified models, including 15 new EVs, aiming for 50 per cent electrification mix, by fiscal year 2030.

"We will drive the new age of electrification, advance technologies to reduce carbon footprint and pursue new business opportunities. We want to transform Nissan to become a sustainable company that is truly needed by customers and society," said Makoto Uchida, Nissan CEO.

Over the next 10 years, Nissan aims to deliver exciting, electrified vehicles and technological innovations while expanding its operations globally.

The vision supports Nissan's goal to be carbon neutral across the life cycle of its products by fiscal year 2050.

With the introduction of 20 new EV and e-POWER equipped models in the next five years, Nissan intends to increase its electrification sales mix across major markets by fiscal year 2026, including Europe by more than 75 per cent of sales, Japan by more than 55 per cent of sales, China by more than 40 per cent of sales and the US by 40 per cent of EV sales in fiscal year 2030.

"With our new ambition, we continue to take the lead in accelerating the natural shift to EVs by creating customer pull through an attractive proposition by driving excitement, enabling adoption and creating a cleaner world," said Nissan COO Ashwani Gupta.

Representing the next stage of Nissan's electrified future, the company also unveiled three new concept cars that offer enhanced experiences through sophisticated technology packaging.

Nissan aims to launch EV with its proprietary all-solid-state batteries (ASSB) by fiscal year 2028 and ready a pilot plant in Yokohama as early as fiscal year 2024.

With the introduction of breakthrough ASSB, Nissan will be able to expand its EV offerings across segments and offer more dynamic performance.

"By reducing charging time to one-third, ASSBs will make EVs more efficient and accessible. Further, Nissan expects ASSB to bring the cost of battery packs down to $75 per kWh by fiscal year 2028 and aims to bring it further down to $65 per kWh to achieve cost parity between EV and gasoline vehicles in the future," the company announced.

Nissan intends to increase its global battery production capacity to 52 GWh by fiscal year 2026, and 130 GWh by fiscal year 2030.

Disclaimer: This story is auto-generated from news agency feeds and has not been edited by The Morung Express.Source: IANS Nissan to invest $17.6 bn in EV development over next 5 years | MorungExpress | morungexpress.com

Read More........ → January 15, 2026

Diversity in Workplace

Diversity in Workplace.(photo:IANSLIFE)

New Delhi, (IANSlife) The current state of the planet may be among its most tumultuous in recent memory. Every ingrained standard in life and the workplace has been rattled and tested over the last two years. A number of new orders arose and disintegrated. The secret to surviving in the modern world is to adapt to anything new that comes along. In order to survive the upheaval of the previous two years, organisations had to reinvent themselves.

The business world has made significant efforts to securely navigate through the turbulent waters of recent times, from adopting new work cultures and upskilling the workforce to extensively investing in R&D and offering new products & services. Nevertheless, not every organisation was successful, despite their best efforts. Unfortunately, a lot of organisations either completely failed or suffered serious harm. What, then, was the difference? The answer to this query is workplace diversity.

Significance of diversity in the workforce

Any organisation can greatly benefit from workplace diversity, especially during trying times. Many organisations give little attention to diversity, while others have very limited views of it. Diversity includes having workers from various cultural and racial origins as well as having adequate or equal representation of both genders (or other genders) in the workforce. Additionally, demographic diversity is a key component.

The workplace is safer and more encouraging for everyone to offer their best effort when there is a good balance of all the genders in the workforce. This enables an organisation to take corrective action by better understanding the problems faced by persons of various genders (and orientations). People of different genders frequently approach a subject from a variety of perspectives. In this manner, an organisation can work with as many different viewpoints as possible to complete a task or resolve a problem. This aids any organisation in avoiding future social, legal, or cultural issues.

Diversity goes beyond gender diversity

Imagine a situation where an organisation is forced to hunt for new markets to sell its goods or services due to a regional economic collapse. Organisations with members from various cultural or racial origins will find it simpler to explore new terrain in such circumstances. People from various backgrounds provide more expertise about emerging markets, increasing the likelihood that an organisation will locate and establish itself in one.

Groupthink behaviour is among the most hazardous things for any organisation. Groupthink and similar thinking have been documented in organisations with homogeneous workforces. Groupthink behaviour frequently exhibits a highly limited view of the world and results in negative outcomes. A diverse workforce has a lower propensity for this type of behaviour. Groupthink is avoided by the diverse perspectives that people of different sexes, races, age groups, and cultures contribute to each scenario.

For every organisation, having people from all age groups is also crucial. Teams with elder members add stability, maturity, and experience while those with younger members add dynamism and adaptability. People in their middle years serve as a bridge between the aforementioned two quite dissimilar generations. All of these components must be present for any business to run smoothly.

The globe is changing at an unprecedented rate, but people are also becoming more sensitive to things like religion, culture, and legacy. Businesses must take great care to avoid offending any faith or community when launching any new product or service, marketing initiative, or public relations campaign. A workforce with diverse cultures and values can internally alert management to any such error before it becomes widely known. In the event that such an error is made and a community is insulted, the appearance of someone from that community can help to diffuse the situation.Nearly all business executives recognise the value of diversity in the workplace, and historically the most successful organisations have been those that include a good mix of employees from all genders, ages, and backgrounds. Recent economic and pandemic instability and pandemic have restored this ancient knowledge's legitimacy. Diversity in Workplace | MorungExpress | morungexpress.com

Read More........ → January 15, 2026

Paytm wants Sri Lanka to build “world’s most seamless travel corridor” for Indian tourists

Paytm CEO for Travel and COO for Consumer Payments Vikash Jalan – Pic by Ruwan Walpola

• Says modern tourism depends on seamless, invisible payments and destinations become more attractive when travellers do not worry about currency or acceptance
• Notes with UPI acceptance in Sri Lanka, Indian arrivals boosted; opines country could attract 1 m Indians annually if payments become fully frictionless
• Stresses digital payments must reach micro-merchants and SMEs, enabling homestays, guides, tuk-tuk drivers and fishermen to earn instantly, become visible to all
• Suggests creating a national fintech-tourism task force to build a unified digital journey for travellers, make India-Sri Lanka travel corridor most seamless in the region

By Charumini de Silva: Paytm CEO for Travel and COO for Consumer Payments Vikash Jalan on Wednesday urged Sri Lanka to position itself as the “most frictionless, trusted, and convenient overseas destination” for Indian travellers, insisting that digital payments and fintech infrastructure will be just as critical as flights, hotels, and marketing in shaping the country’s next phase of tourism growth.

Speaking at the India-Sri Lanka Tourism Connect forum on the theme “Role of Fintech in Tourism Experiences,” Jalan said modern tourism is increasingly defined by action and ease, not advertising, and that seamless payment experiences are now fundamental to destination choice, visitor satisfaction, and spending levels.

“A traveller shouldn’t have to worry about currency, conversion, or acceptance. When payments disappear into the background, destinations become instantly more attractive,” he pointed out.

He explained that payments are often invisible when they work smoothly, but “painfully visible” when they don’t; affecting not only the individual tourist, but also a destination’s revenue, reputation, and repeat visitation.

A frictionless payment layer, he said, creates a self-reinforcing cycle; destination choices expand, travellers increase, revenues rise, and experience quality improves, helping that destination win in a highly competitive regional market.

Jalan stressed that India’s payments ecosystem is now among the most advanced in the world, driven by Unified Payments Interface (UPI), which processed 85 billion transactions last year, accounting for over 83% of all non-cash retail payments.

“India has gone from ‘cash-first to mobile-first in less than a decade’ and Sri Lanka’s rapid progress in digital payments places it on a parallel track,” he said.

He said over 67% of Sri Lanka’s merchant transactions now run through digital channels, and with UPI acceptance enabled in Sri Lanka in 2024, Indian travellers can simply ‘scan and pay’ as they would at home.

“This changes everything,” Jalan said, pointing to the sharp rise in Indian arrivals.

He noted that Sri Lanka saw 430,000 Indian visitors in 2024, up from 300,000 the previous year, and has already welcomed over 450,000 Indians in the first 10 months of 2025. “If Sri Lanka reaches its projected 3 million annual tourist arrivals, at least 1 million could come from India alone, especially if Sri Lanka becomes a fully frictionless UPI-enabled destination,” he added.

Jalan described the opportunity as transformational, particularly with the next wave of outbound Indian travellers emerging from tier-2 and tier-3 cities. These new travellers are value-conscious, but digitally confident.

“They trust Indian apps, Indian payment systems and Indian digital journeys. If Sri Lanka gets the experience right, it becomes closer than Bangkok, more convenient than Dubai and more interesting than many Southeast Asian markets,” he said.

To unlock this potential, Jalan argued that payment acceptance must be universal, extending beyond hotels and big retailers to micro-merchants, homestays, guides, tuk-tuk drivers, craft sellers, fishermen and local eateries.

He outlined how fintech can bring thousands of Sri Lankan small and medium enterprises (SMEs) into the formal digital economy, making them discoverable and bookable, while enabling transparent pricing and instant settlements.

“Imagine a fisherman in Jaffna getting paid instantly through QR, or a small homestay in Yala earning digitally from Indian travellers. When you solve trust and transparency, participation increases and prices stabilise naturally,” he opined.

He added that digital payments generate valuable insights to personalise tourism offerings whether for families heading to beaches, couples preferring hill country, or younger groups seeking nightlife and adventure. “A mature payments ecosystem allows Sri Lanka to curate experiences at scale,” he said.

Jalan proposed developing a national fintech–tourism task force bringing together Government, tourism authorities, banks, fintech companies and travel platforms to address issues such as cross-border settlements, QR standardisation, and merchant on-boarding and regulatory clarity.

He said this could evolve into a unified marketplace allowing travellers to discover, book, pay and experience everything in one digital journey.

Jalan said fintech is no longer an add-on, but the invisible backbone of modern tourism. “Imagine a traveller who plans on Paytm, lands in Colombo, discovers local gems, moves around easily, pays instantly, books the next experience on the go and returns home already planning the next visit. That is what happens when payments and travel work together,” he said.

“India has fintech. Sri Lanka has the most charming destination. It’s time to connect them and build the world’s most seamless travel corridor,” he added. Paytm wants Sri Lanka to build “world’s most seamless travel corridor” for Indian tourists | Daily FT

Read More........ → December 20, 2025

The High-End Fashion Industry’s Reaction to Economic Turmoil

Illustration by Ruhi Bishnoi

While inflation has pinched the wallets of many, it’s ironically fueling the growth of luxury fashion. As most consumers scale back on spending due to rising costs, iconic brands like Chanel, Rolex, and Hermès are boldly raising their prices, sometimes surpassing inflation itself. For some, it's a response to economic pressures; for others, it’s a strategic move to preserve their elite status.

Luxury brands excuse their price inflation by claiming inflation pressures and rising material costs, but their figures do not hold up. Consider, for instance, Chanel in 2019, the average price for a Classic Flap bag stood at $5,800. At present, it has reached about $10,200, a phenomenal increase of about 76% in price. Chanel justified this by claiming a commitment to quality and exclusivity. This argument was pushed by the CEO, Leena Nair for the price hike, she said "We use exquisite raw materials and our production is very rigorous, laborious, handmade-so we raise our prices according to the inflation that we see." But is there more to it? Many consumers and analysts suspect otherwise, wondering whether such price bounds are truly to do with keeping up with cost or simply to maintain their ultra-high-end status.

The watch market is no different. Patek Philippe and Rolex rank among the world's most desirable brands, but to purchase them at retail is effectively impossible for someone who lacks any insider affiliation. On the secondary market, though, such timepieces tend to fetch two to three times their retail price. Are these brands genuinely facing supply chain restrictions, or do they limit production on purpose to keep demand strong? Most industry professionals believe the latter.

Beyond the realm of economics, luxury brands have learned a thing or two about price psychology. Economists call it the Veblen Effect; as the price for some luxury items rises, so does their demand. In contrast to mass-market items, a client does not buy Chanel handbags or Rolex watches just for their fine craftsmanship; he or she buys them for their prestige. Price hikes aren’t just about inflation; they create an aura of exclusivity around such goods. In short, the higher the price, the more desirable they become.

Hermès exemplifies this strategy. The brand, synonymous with scarcity and strict pricing, increased the price of an average Birkin bag by nearly 10% in 2023, exceeding inflation rates. A close examination of the discourse further reveals the possible truth that these bags do not just serve as accessories but genuine investments, worth holding and appreciating. Louis Vuitton had equally to trade from a playbook wherein multiple price raises go within a year despite the depressing foreign retail markets. These luxury goods stack up nowadays according to Business of Fashion on an average basis for around fifty-four percent more than they did during 2019. Yet, sales remain booming-some even argue more than ever. Why? Because these have successfully groomed the idea that affordability in hand and wrist should become a tag as status hallmark for completion in being successful. However, it too ends up being an ethical debate. Should luxury companies literally be allowed to raise prices this steeply while others are still cash-strapped? Some would just say that this is merely a business concept as the saying goes"If you find someone willing to pay, why not charge him more?" while some see it as a deliberate ploy to keep out regular buyers, thus making it all the more desired by ultra-high-net-worth individuals.

So, what’s next in the future? Will brands continue to push prices higher, or are we approaching a breaking point? History suggests that as long as affluent consumers remain eager to buy into exclusivity, luxury brands will continue raising prices, regardless of economic conditions. But there’s always the risk of alienating aspirational buyers, the ones who save up for a dream luxury purchase, if prices keep climbing.

Indeed, changes in behavior control the portion of this high drama. The industry remains high-class and entry-level as long as there is pursuit by people to be status seekers, this profit will always be there for these brands, be it a recession or not.Ruhi Bishnoi is a Data Science, Economics, and Business student at Plaksha University, set to graduate in 2027. She is passionate about leveraging data-driven insights to drive strategic business decisions and create meaningful impact. The High-End Fashion Industry’s Reaction to Economic Turmoil | MorungExpress | morungexpress.com

Read More........ → November 17, 2025