For the second quarter of the year, Nigeria’s mobile telecom subscriber base dropped by 6.69% to 143 million subscribers compared to 153 million posted the year before. According to the data released by the National Bureau of Statistics, 143,064,490 subscribers were active on voice as against 153,295,652 in Q3 2016 which […]
China’s largest search engine company, Baidu, another rival to Tencent, China’s largest Internet company is selling off its takeout delivery business to Alibaba-backed Ele.me. According to the Wall Street Journal who cited people with the knowledge of the matter. It is expected that the cash-and-stock deal will help Chinese search-engine […]
Infosys has named Pravin Rao as the new chief executive of the IT company after the immediate resignation of Vishal Sikka as the CEO of the company.The succession plan for the The company said the succession plan for appointment of a new Managing Director and Chief Executive Officer has been […]
An unexpected resignation has just hit Infosys, India’s second largest IT company as Vishal Sikka, the company’s chief executive has just resigned. The company said in a statement that Vishal Sikka will be leaving the company as an interim CEO has been named. Infosys has been caught in a web […]
Finjan has filed a patent infringement lawsuit against Bitdefender, Inc., a Florida Company, and Bitdefender S.R.L., a Romanian corporation, in the U.S. Northern District of California. The company said in a statement that it has filed a Complaint (Case No. 5:17-cv-04790), on August 16, 2017, and alleges that Bitdefender’s products […]
Israel’s Elbit Systems said its gross revenue for the second quarter rose to USD818.3 million compared to USD804.5 million reported within the same quarter last year. Elbit Systems is an electronic defense manufacturer based in Haifa, Israel. For the second quarter, the company’s revenue was boosted by sales in Europe, […]
Israeli cyber defense authority said it has arrested operatives of vDos, a criminal hacking for hire company that carries out Distributed Denial of Service, DDoS, attacks on websites for a fee. A statement released by the Israe Defense said: The cyber police. The investigation lasted a year and a half, […]
Web Hosting giant, GoDaddy said it has instructed The Daily Stormer to move its website to another hosting provider for denigrating Heather Heyer, a woman killed by a white supremacist. GoDaddy said in an official tweet that “We informed The Daily Stormer that they have 24 hours to move the […]
Naspers, Africa’s largest technology investor is under investigation in China. Naspers’ social media sites as well as WeChat, its mobile chat application are being investigated by the Cyberspace Administration of China. As a result of the announcement, Naspers shares listed on the Johannesburg Stock Exchange, JSE, tanked by 5%, the […]
Following the announcement of Tesla’s proposed $1.50 billion senior notes offering on August 7, 2017, Tesla has announced that it has agreed to issue and sell $1.80 billion in aggregate principal amount of senior notes due in 2025 (the “Notes”), representing a 20% upsize. The Notes will have an annual interest […]