PLDT stated there was no fraudulent activity in relation to its PHP48 billion (US$866 million) capex overspending last year, but profit fell in its full 2022 financial year due to the overrun.

Safaricom opened a US$2 million operations centre in Kenya to enhance its M-Pesa mobile money platform and prepare for launches into new markets.

The International Chamber of Commerce’s (ICC’s) International Court of Arbitration has awarded US$1.65 billion in damages to Iraq Telecom Limited (ITL) and International Holdings.

Brazilian ISP Brisanet said it is still on course to launch commercial 4G/5G services in the second quarter of this year.