ZTE and DNS:NET Forge Strategic Alliance to Revolutionize German Connectivity with Wi-Fi 7 Tri-Band Technology
Strategic Partnership Ushers in New Era of German Connectivity In a landmark announcement at the Network X event in Paris,…
Tag: Telephone company
MegaFon Launches Major Data Center in St. Petersburg Amid Import Substitution Push
Russian telecommunications giant MegaFon has inaugurated its largest data center facility in St. Petersburg, capable of hosting over 800 racks with 14MW total capacity. The company emphasized using Russian-made equipment and climate control systems as part of its import substitution efforts. This expansion comes amid ongoing sanctions and technological challenges facing Russia’s telecom sector.
Russia’s telecommunications leader MegaFon has officially launched a major new data center facility in St. Petersburg, marking a significant expansion of its digital infrastructure capabilities amid the country’s ongoing import substitution initiatives. The announcement, made through an October 9 press release, highlights the company’s continued investment in domestic technological infrastructure despite international sanctions.
St. Petersburg Data Center Specifications
Telcos Transform Into Banks For Next Two Billion Customers
Telecommunications companies across Africa and Latin America are leveraging their infrastructure to provide banking services to underserved populations. With 1.4 billion adults remaining unbanked globally, telcos are positioned to become the financial institutions of the future through mobile money platforms and digital payment systems.
Telecommunications companies are rapidly transforming into banking institutions for the next two billion customers, leveraging their existing infrastructure to provide financial services to underserved populations across developing regions. This strategic pivot addresses both the massive customer churn facing telephone companies and the critical gap in financial inclusion that traditional banks have failed to fill. According to industry analysis, telcos in Africa and Latin America spend $15-21 billion annually on customer retention while still losing up to 67% of their customers each year, creating an urgent need for service diversification that increases customer loyalty and revenue streams.