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PCCW Global, the international operating division of HKT, Hong Kong’s premier telecommunications service provider, has agreed with Mauritius Telecom to construct and maintain a high speed submarine cable connecting the Indian Ocean Islands of Rodrigues and Mauritius which will vastly improve connectivity for Rodrigues.

Read more: PCCW Global to construct high speed submarine cable to improve connectivity in Mauritius

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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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Sony Corporation announced its highest ever third quarter operating profits for the fiscal year ending 31 December 2017, posting a nearly four-fold increase of 11.5 per cent year-on-year as compared to the same quarter of the previous fiscal year.

Read more: Japanese conglomerate announces record profits for Q3 in 2017

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New Zealand-based company Hawaiki Submarine Cable LP, and TE SubCom, a TE Connectivity company specializing in undersea communications technology, announced that more than half of the 15,000km of undersea fiber-optic cable that comprise the Hawaiki transpacific cable system have been implemented by TE SubCom.

Read more: Hawaiki Transpacific cable system ready for service by June 2018

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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

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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

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