Researchers at the Technical University of Denmark (TUD) have done something quite remarkable by demonstrating a record data transmission speed of 1.84 Pbps (Petabits per second) – or 1,840Tbps (Terabits per second) if you prefer – over a single 37-core and 7.9km long fibre optic cable. Oh.. and they could go a lot faster. Just […]

Network operator Freedom Fibre, which is currently deploying a new gigabit-capable Fibre-to-the-Premises (FTTP) broadband ISP network across parts of England (Cheshire, Greater Manchester, Shropshire) and North Wales, has kindly provided ISPreview with a map that helps to visualise their current and future rollout plan. Many of Freedom Fibre’s initial deployments are currently taking place in […]

NEWS

Roughly 500 employees are being laid off and the company’s network expansion paused due to economic pressures

Starry was formed back in 2016, aiming to use fixed wireless access (FWA) technology to deliver home internet to customers in various parts of the US. Since then, the company has gone from strength the strength, leading the company to make an initial public offering (IPO) via a special acquisition company (SPAC) earlier this year; the move raised around $176 million, with the business being valued at $1.7 billion.

Now, just six months later, Starry has announced that it is taking drastic cost cutting measures to secure the business’s future.

In a statement, company CEO Chet Kanojia said that the “extremely difficult economic climate and capital environment” had led the company to pause its network expansion and lay off half of its employees, roughly 500 people.

The company says it will instead focus on increasing penetration in its existing footprint.

“We, like so many others, are making the difficult calls now and taking steps that will allow us to be laser-focused on financing the business over the long-term and continue serving our markets,” said Kanojia.

The extent of the company’s financial troubles is for now unclear, with additional financial results expected to be reported on the 2nd of November.

It would appear, however, that a major pain point for the company has been the uptake of its services; despite Starry’s services being available to just shy of 6 million homes across the US, the company says it has just 91,000 customers.

It is also worth noting that Starry will no longer be fulfilling its obligations as part of the Federal Communications Commission’s Rural Digital Opportunity Fund, through which it had won $269 million in grants to deliver rural connectivity.

How is the global economic climate impacting the US telecoms sector? Join the industry in discussion at the inaugural Connected America conference

Also in the news:
The missing 3.2 billion…
New EXA investment serves customers across the Iberian peninsula
Startup stories: Facing up to cybersecurity risks

The post A falling star? Wireless ISP Starry to cut workforce in half amid money woes first appeared on Total Telecom.

NEWS

The Thai telecoms regulator has declined to halt the $7.3 billion merger of True Corp and Total Access Communications (DTAC), a move that will create the country’s largest mobile operator

This week, almost a year after the merger between DTAC and True was first announced, the National Broadcasting and Telecommunication Commission (NBTC) of Thailand has finally given the deal its approval.

The merger will see DTAC’s 19 million subscribers combined with True’s 32 million, overtaking the current market leader, Advanced Info Service (AIS), which has around 44 million subscribers. Thailand’s fourth-place telco, the state-owned National Telecom, has a market share of less than 5%.

As a result of the merger, the Thai mobile market will essentially be turned into a duopoly, with a myriad of critics complaining over the past year that the deal will harm customers by reducing their choice and driving up prices.

DTAC and True have said previously that they have no intention of raising prices, suggesting that the merger will help prevent overbuild and maximise the pair’s combined spectrum holdings for 5G.

In an effort mitigate competition concerns, the NBTC has imposed numerous conditions on the merger, including a price ceiling and price controls, as well as an independent verification of cost structure and service fee for at least five years.

Whether or not these conditions prove enough to ensure market competition remains to be seen. In fact, it seems the NBTC’s decision to permit the merger remains contentious right down to the final vote, with Thai news sources suggesting that the final vote was 3–2 in favour, following a special meeting that lasted 11 hours.

Opposition groups are already preparing legal challenges over the merger’s legality, with the Thailand Consumer Council saying it plans to file a complaint with the Administrative Court.

DTAC and True have not released a statement, but public filings suggest that intend to list the newly merged company, for now named NewCo, on the Stock Exchange of Thailand in November.

Also in the news:
The missing 3.2 billion…
New EXA investment serves customers across the Iberian peninsula
Startup stories: Facing up to cybersecurity risks

The post True–DTAC merger to go ahead despite opposition first appeared on Total Telecom.

Ofcom’s 2022 study of fixed line home broadband ISP speeds has reported that the average (median) UK download rate has risen from 50.4Mbps last year to 59.4Mbps now (uploads went from 9.8Mbps to 10.7Mbps). But the performance gap between rural and urban areas has “widened” (unsurprising with so much urban FTTP build). The regulator’s study […]

Some business customers of broadband ISP Virgin Media Business UK (VMO2) are now reporting that they too have seen a modest uplift in upload speeds over the past week, which suggests that the forthcoming speed boosts won’t be limited to those on Virgin Media’s residential M100 and M200 packages. Back in August 2022 we reported […]

Ofcom has today published new proposals to soften some of the UK’s existing Net Neutrality protection rules, which were established some years ago to ensure no serious blocking or slowing of access to legal websites or other internet services by broadband ISPs and mobile network operators. But there are some positive statements too. Back in […]

Broadband ISP BeFibre, which alongside network partner Digital Infrastructure is building a full fibre (FTTP) network across towns in several counties (e.g. Essex, Cheshire, Derbyshire, Gloucestershire, Lincolnshire and Yorkshire etc.), has signed a 3-year partnership with Linksys to supply customers with MX4200 Wi-Fi 6 routers. Warrington-based BeFibre and Digital Infrastructure began their rollout last year […]

STARTUP STORIES

Moflix provide a white label platform for digital services, that claims to win the new generation of customers – the digital natives – while differentiating from the competition and radically simplifying customer interactions. Their bold claim for telecom operators is “Be Digital in 100 Days”. They will be exhibiting in the Startup Village at the Total Telecom Congress in London this November.

Tell us about your start up
Moflix delivers a future-ready “Telco-in-an-App” solution for Operators and MVNOs. It’s a cloud-native, full end-to-end digital proposition in a lean operating model that can be integrated easily into your existing operation within 100 days.

Your customers can sign up and onboard themselves in minutes and manage their entire relationship with you through an intuitive mobile app. The whole service is managed by Moflix – so you don’t have to disrupt your existing IT roadmap to see the impact on your KPIs in just a few months.

We are proud of our start up already receiving industry allocates with McKinsey & Co’s “A Battle Plan for Telco’s Digital-Attacker Brands” report featuring the Moflix solution for Sunrise (yallo swype in Switzerland) as a best industry practice and our recent win of the “Consumer eSIM Solution of the Year” award with ICE Norway for NiceMobil.

What is your USP?
Moflix provides TelcoTech solutions that digitalize and automate traditional connectivity services and drive wide-scale adoption of digital lifestyle and financial services.

Our Digital Operator in an App solution delivers a sustainable All Digital experience to end-users

Through digital ID verification, we enable Telcos to leverage their Connectivity relationship to accelerate the adoption of services enabled by Web3 – including access to a digital service marketplace and to monetize their existing assets by tapping into new revenue streams.

What is your relationship with the telecom sector?
Our main customers are Telco Operators and MVNOs.

How have you got to your current stage of development?
We started with investments from our founders. Then continued bootstrapping with two initial operator customers.

Why did you establish the business?
Moflix is the brainchild of an international group of telco veterans who wanted to create game-changing digital solutions designed to fix the most critical challenges that telecom operators face and transform how they do business for digital success today and in the future.

It was clear from conception that the telecom market in Europe needs and wants a light-weight, fully digital, simplified BSS replacement solution.

Who inspired you?
Marc Degen as founder is a motivational mentor for our company. He is an experienced entrepreneur with an unquenchable creative urge and a passion for people and business ventures with multiple exits.

As Board Member, Founder and Co-founder of various businesses in the fields of Digital Services, Telecommunications, and Web3, he focuses on growing ideas into profitable businesses by implementing digital services and maximising opportunities for revenue growth. Marc Degen was consecutively named Digital Shaper by Bilanz Magazine in 2018 and 2019 and won the Digital Innovation of the Year Award by SwissICT in 2018 with modum.io for their Blockchain and ML-based pharma supply chain monitoring solution.

Marc is currently supporting digital scaleups with their technology roadmap, marketing positioning, go-to-market strategies and investment & financial planning in his own venture studio.

We want to make onboarding and use of our products as intuitive, fast, and easy as Netflix, so we are inspired by disruptive digital start ups like Uber, Revolut, and WhatsApp as well as best practices from other brands that pivoted to better serve digital.

What does the future hold for your business
We would like to continue the “Moflix Momentum” and see rapid growth worldwide outside of our initial European focus.

COMPANY CV
HEADQUARTERS: Zurich, Switzerland and Tampere, Finland
NUMBER OF EMPLOYEES: 15
LAST FUNDING TYPE: Pre-Seed (Founders investment)
URL: http://www.moflixgroup.com
FOUNDERS:
Founder, Marc Degen
Moflix CEO, Ryan Gold

MEET MOFLIX AT THE TOTAL TELECOM CONGRESS: London, 1-2 November 2022. Get your pass at www.totaltele.com/congress 

 

Related content: more Startup Stories

The post Startup Stories: delivering on the promise of a digital telco solution first appeared on Total Telecom.

Internet traffic across UK broadband ISPs surged last night on the back of several Premier League football matches streamed on Amazon, which resulted in data usage across the London Internet Exchange (LINX) reaching a new record peak of 7.179Tbps (Terabits per second) and TalkTalk hitting 9.105Tbps. The new peak record of 9.105Tbps was set on […]