Connect with us
https://tickernews.co/wp-content/uploads/2023/09/FOR-THE-NEXT-GEN.jpg

Money

Telstra acquires Pacific telecom in joint venture with government

Published

on

The Australian government and telecom giant Telstra are buying Digicel’s Pacific telecom arm in a $2.1 billion deal

Digicel Pacific employs almost two thousand people, and services a number of Pacific nations including Papua New Guinea, Fiji, Samoa, Vanuatu and Tahiti.

The future of the firm has been the focus of speculation for several months.

Last year, Digicel denied reports that it was in talks to sell its Pacific arm to state-owned China Mobile after running into serious financial trouble.

Telstra in a statement have called the deal a “unique and very attractive commercial opportunity to boost our presence in the region”.

Analysts, however, are calling the purchase a strategic move, with the Australian government ramping up its presence in the Pacific amid rising tensions with China.

The government has long held national security concerns over efforts by Chinese state-owned telecoms to assert authority in the Pacific.

Earlier this year, the Morrison government held private talks with the Biden administration about working together to stop China buying Digicel’s mobile phone networks in the Pacific and Caribbean.

Continue Reading

Money

Xi Jinping is taking over China’s sharemarket

Published

on

China’s economy sees President Xi Jinping asserting control over its sharemarket, a move raising eyebrows globally.

 
Xi’s government has unveiled a series of measures aimed at consolidating authority over the country’s stock market, signalling a desire for greater economic stability and control.

The reforms include stricter regulations for listing on Chinese stock exchanges, with companies needing to meet more stringent criteria to go public.

Additionally, the government is increasing its oversight of foreign listings by Chinese firms, a move seen as an attempt to prevent capital flight.
#featured

Continue Reading

Money

Investors worry as Tesla misses targets

Published

on

Tesla reported lower-than-expected quarterly deliveries, sending its shares into a downward spiral.

 
The EV giant’s stock tumbled as investors expressed concerns over the company’s ability to meet its ambitious growth targets.

In the third quarter of this year, Tesla delivered a total of 220,500 vehicles, missing Wall Street’s estimates.

This disappointing performance raised doubts about the company’s ability to keep up with the soaring demand for its EVs, especially as competitors continue to enter the market. #featured

Continue Reading

Money

Is the housing market surge a bubble waiting to burst?

Published

on

The housing market has witnessed a remarkable surge in home sales, driving property prices to unprecedented highs.

 
Despite the ongoing economic challenges, the real estate sector appears to be thriving, leaving experts and homeowners both astonished and hopeful.

Over the past year, the real estate landscape has been anything but predictable.

But the surge in demand has been met with a limited supply of available homes.

Builders have struggled to keep pace with the soaring demand, making the situation worse. #featured

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company