Samsung has entered Britain following the 5G network deal made with Vodafone

Vodafone, a popular telecoms group from the UK, has recently announced that it is joining hands with Samsung electronics to avail 5G network equipment in the UK. The latest collaboration with help the South Korean manufacturer to enter Europe’s telecom market. Mobile operators from Europe are keen on Samsung entering the market because they want it to replace Huawei as the supplier. As of now, the financial terms of the agreement was not made public. Citing security risks, Britain has ordered all 5G equipment supplied by Huawei to be removed by the end of 2027. This move comes as an echo of the campaign led by the US.

A senior executive from Samsung has revealed that the company is rooting for Europe to propel its growth in the network equipment segment. Richard Webb from CCS Insight has stated that the South Korean company has a long way to go in order to overtake Nokia and Ericsson when it comes to the 5G RAN portfolio, but the company is a worthy competitor. Currently, the European telecom sector is dominated by Ericsson, Huawei, and Nokia, but Samsung has made a grand entry into the market following the deal made with Verizon last year. Various operators are also positive about the latest developments.

Facebook on Monday officially announced that it will create a new digital currency called Libra

Facebook on Monday officially announced that it will create a new digital currency called Libra, after facing intense criticism from US regulators and despite having several high-profile defects in the project. The Libra Association will govern the currency and it was officially signed on 21 charter members on Monday at the organization’s inaugural meeting which was held in Geneva.

The members of the Libra Association consist of various firms which include, venture capital firms, which are eyeing to be the topmost emerging technology firm, Uber, Lyft, Spotify, and European telecommunications company Vodafone. The association recently stated that an unnamed additional 180 entities have also expressed interest to join them and also have met the initial requirements to join.

Facebook CEO Mark Zuckerberg is scheduled to appear later this month to discuss Libra in front of the House Financial Services Committee. The Chairpersons of the committee are Rep. Maxine Waters, D-Calif., who has been an ardent critic of Libra from its onset.The other three directors elected to the association’s board were Matthew Davie of Kiva Microfunds, Patrick Ellis with PayU, and WencesCasares of Xapo Holdings Ltd.

Facebook has also hired several Washington lobbyists to help regulator and political concerns over Libra. Facebook and the Libra Association have said they would not start trading or accepting deposits for Libra until they satisfy the U.S. regulator’s concerns.