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Ericsson Invents Solutions to Bridge Digital Divide

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  • Ericsson Invents Solutions to Bridge Digital Divide

Ericsson has invented another set of solutions, which will help bring mobile broadband coverage to the remaining three billion people who are either underserved or without mobile broadband access.

The new solutions, which include software and hardware additions to Ericsson Radio System, provide the capabilities needed to reduce the total cost of ownership by up to 40 per cent.

This, Ericsson said, would make investment in low Average Revenue Per User markets viable.

To complement the deployment of the solutions are new mobile broadband tools, which allow operators to identify which sites in a GSM/EDGE coverage area have the highest number of users who already have Internet-ready devices.

According to Ericsson, operators can then determine where it makes more sense to convert those sites first to the HSPA or 4G/LTE, “so that the greatest number of people will enjoy the benefits of mobile broadband.”

The Broadband Commission for Sustainable Development, co-chaired by the International Telecommunications Union and the United Nations Educational, Scientific and Cultural Organisation, had championed the vital role played by the Information and Communications Technology in laying the foundation for achieving the United Nations Sustainable Development Goals.

The Broadband Commission’s new report highlighted that the digital divide was shifting from basic telephony to Internet, and it estimated that it would cost $450bn to bring the next 1.5 billion people online.

The Head of Business Unit Network Products, Ericsson, ArunBansal, said, “These are among the most important additions to our product portfolio for mobile broadband coverage growth ever. Ericsson supports the International Telecommunication Union’s Connect 2020 target of ensuring that more than 50 per cent of people in the developing world are using the Internet by 2020.”

He also said, “In order to reach this goal, together, we will need to connect roughly 500,000 new users to the Internet each day. Ericsson continues innovating so that operators can create viable business even in rural or off-grid settings, and to make the most difference with every investment.”

The Principal Analyst, Intelligent Networks, Ovum, Daryl Schoolar, said, “These innovations address investment pain points while also considering the current situation and environment of many of these builds. Ericsson is unique in their multifaceted approach and focus on spurring mobile broadband adoption in these developing markets.”

The new solutions address the significant divide in Internet adoption between developed and developing countries – only four out of 10 people in developing countries are connected to the Internet.

About 15 per cent of the world’s population do not have access to electricity. And the innovations followed a trio of solutions for developing areas unveiled in February this year: Flow of Users, Zero Touch and Mobile Broadband Expander.

The Head of Region, sub-Saharan Africa, Jean-Claude Geha, said, “As of 2015, GSM/EDGE still accounted for close to 70 per cent of the total mobile subscriptions in sub-Saharan Africa.

“As a technology leader, we continuously seek to develop sustainable ways to provide quality mobile broadband coverage — even in the unconnected areas.”

He also said, “These energy-efficient solutions will enable operators to seamlessly identify underserved communities in the region, making it faster to introduce or improve the mobile broadband experience of their subscribers.

“This will open new opportunities in far flung areas in the region, creating access to new services such as mobile money, e-health, e-education and e-government, thereby transforming the way people play, learn and do business forever.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya

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Jeff Bezos Sets a New Record as Net Worth Hits $172bn

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Jeff Bezos

Jeff Bezos Breaks His Own Record, Now Worth $172bn

Jeff Bezos, the Chief Executive Officer and Founder of Amazon Inc, on Wednesday broke his own record to set a new all-time record of $172 billion net worth.

Bezos’s previous record was $167.7 billion attained in September 2018. However, the billionaire broke the record on Wednesday after Amazon shares gained 4.4 percent to close at $2,878.80 per share.

Jeff Bezos companies

This is despite the billionaire parting with 19.7 million Amazon shares in July 2019 as part of his divorce settlement to his wife, Mackenzie Bezos.

Mackenzie Bezos’s 19.7 million shares now worth around $56.9 billion, making her the second richest woman and the thirteenth richest person in the world.

Jeff Bezos’s net worth has now risen by $57.4 billion from the year-to-date, according to Bloomberg Billionaire Index.

Jeff bezos Net worth

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Opay Pauses Some Business Operations as COVID-19 Bites

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Opay halts business units

OPay Halts Some Business Units Amid COVID-19 Pandemic

Opay, a seamless mobile money service provider, has announced it would be putting some of its business units on hold as COVID-19 pandemic bites.

In a statement released by the Chinese owned mobile money start-up on its official twitter page @OPay_NG, the company said “We can confirm that some of our business units including the ride-hailing services, ORide, OCar as well as our logistics service OExpress will be put on pause.”

This, it said was largely due to the tough business environment brought about by COVID-19 pandemic, the lockdown and government ban of motorbikes in Lagos.

The statement read “Globally, ride-sharing businesses have been heavily impacted by the pandemic. But several months ago, foreseeing this issue, OPay had already taken preemptive steps to restructure our business focus away from rides. It is worth to note that this final restructuring has minimal impact on OPay as a whole business.”

“It is important to clarify that ride-sharing had always been only one part, and not a major part of OPay’s diversified business in Nigeria. In fact, OPay had been investing more and seeing accelerated growth in its commitment to Nigeria’s financial and technology inclusion.

“During the pandemic, we have seen continued demand for our offline mobile money agency, and online digital payment, which remains the core of our business.

“From January to April 2020 for example, we witnessed a 44% growth of offline and online transaction value even in the midst of pandemic and lockdown. This is a testament to the high demand for flexible and easy financial services by Nigerians. OPay remains one of the most well-funded and profitable mobile money platforms in Nigeria, and we will continue to do more for our customers.”

Below is the company’s official statement as published on Twitter.

Opay Statement

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Facebook, Google Earn 80% of Annual Digital Ads Spend – Report

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Facebook, Google Earn 80% of the £14bn Spent on Digital Ads in 2019

A recent report from the United Kingdom’s competition watchdog has shown that Facebook and Google earned 80 percent of all the money spent by advertisers on digital platforms in 2019.

In the 440-page report, the Competition and Markets Authority (CMA), UK said Google and Facebook market positions are having a “profound impact” on newspapers that now receive almost 40 percent of all visits to their sites through the two platforms.

“This dependency potentially squeezes their share of digital advertising revenues, undermining their ability to produce valuable content,” the watchdog said.

This is coming two weeks after Investors King called on the Federal Government of Nigeria to protect Small and Medium businesses against Facebook and Google activities or watch the nation’s SMEs die. Investors King had posited that “Nigerian startups can not compete with Facebook and the recent tax announced by the Federal Government through the ministry of finance would not be enough to stop these giant tech companies from taking advantage of Nigeria’s young growing market.

According to the CMA report, out of the £14 billion spent on digital advertising in the United Kingdom in 2019, Google with more than 90 percent share of market search earned £7.3 billon while Facebook with more than 50 percent of display market earned £5.5 billion. Representing 80 percent of the total digital ads spent in 2019.

While the report admits that the two platforms help small businesses reach customers and are valued by users, it also said they have “developed such unassailable market positions that rivals can no longer compete on equal terms”.

Andrea Coscelli, Chief Executive at CMA, said: “What we have found is concerning – if the market power of these firms goes unchecked, people and businesses will lose out.

“People will carry on handing over more of their personal data than necessary, a lack of competition could mean higher prices for goods and services bought online and we could all miss out on the benefits of the next innovative digital platform.

“Our clear recommendation to government is that a new pro-competitive regulatory regime be established to address the concerns we have identified and regulate a sector which is central to all our lives.”

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