Nokia and Australian telco Optus have signed a five-year agreement under which Nokia will manage and maintain key components of Optus' network infrastructure, operations and field maintenance. As part of the contract, Nokia and Optus will develop a Network Operations Centre (NOC), building on global best practices and leveraging local talent to deliver higher performance networks.

Read more: Nokia signs five-year agreement with Australian telco

The Chinese government has set ambitious connectivity targets for 2020 as the demand for cellular Internet of Things (IoT) continues to increase. Statistics released by Internet of Things market research firm M2M claim that the global number of cellular Internet of Things subscribers increased by a whopping 56% in 2017, which was driven predominantly by demand in China.

Read more: Chinese government sets ambitious IoT connectivity targets for 2020

Singapore-based ride-hailing service Grab, identified as Uber’s biggest competitors in Southeast Asia has acquired Indian-based startup iKaaz in an effort to develop and enhance its mobile payment strategy. The deal which has remained undisclosed will see the Indian firms engineering team partner with the Bangalore-based engineering office which Grab formally opened in 2017.

Read more: Singapore-based ride-hailing firm acquires Indian startup to boost mobile payment system

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