Facebook has announced an investment of US$5.7 billion (A$9.3 billion) in Jio Platforms, a company that owns India's biggest mobile provider with nearly 388 million subscribers. The social media giant has thus become the biggest minority shareholder in the company.
The telecommunications regulator, the Australian Communications and Media Authority (ACMA) says it is continuing to respond to industry requests for regulatory relief and other actions due to the COVID 19 pandemic.
The Australian competition watchdog has extended the date for giving a final decision on the proposed merger between telcos Vodafone Hutchison Australia and TPG Telecom from 28 March to 11 April.
Communications alliance Commpete has claimed the proposed merger between Vodafone Hutchison Australia and TPG Telecom is a threat to competition between companies offering mobile services and welcomed the move by the Australian Competition and Consumer Commission to scrutinise the deal.
Loyalty to mobile service providers is increasingly becoming a thing of the past for Aussie mobile users as they discard their long-term contract plans and switch to a provider with no lock-in contracts.
A new global research study has revealed that the majority of smartphone users are ready to switch mobile providers because of dissatisfaction with their mobile experience.
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