August 25, 2024
Tech News
Telekom Malaysia’s (TM) Share Subscription Agreement (SSA) with Digital Nasional Berhad (DNB) has been terminated after TM has not met the conditions by the extended deadline of August 21, 2024. TM had requested a further extension until December 31, 2024, which DNB denied. Despite this, TM maintains its 5G access agreement with DNB and continues to support Malaysia’s 5G ecosystem. The termination raises questions about TM’s participation in Malaysia’s second 5G network race.
Fintech company Bolt is attempting to raise $200 million in equity and an additional $250 million in “marketing credits,” aiming for a $14 billion valuation. The deal includes a controversial pay-to-play provision that pressures existing investors to contribute more funds or risk having their shares bought back for a penny each. The proposed deal also involves reinstating founder Ryan Breslow as CEO, despite his past controversies. The industry is skeptical about the feasibility of these terms.
Apple is set to unveil new products, including the iPhone 16, on September 10, with sales starting on September 20. The new iPhone models will feature larger screens and a dedicated photo button. The event may also introduce the Apple Watch Series 10 and new AirPods with enhanced noise cancellation. Updates to Macs with M4 processors are expected later in the fall.
Tech Explained
5G – 5G is the fifth generation of wireless technology that promises faster speeds, more reliable connections, and lower latency.
Fintech – Fintech refers to technology-driven innovation in financial services, including mobile payments, peer-to-peer lending, and blockchain.
iPhone 16 – The iPhone 16 is the latest iteration of Apple’s flagship smartphone, expected to come with new features and improvements over its predecessor.
Apple Watch Series 10 – The Apple Watch Series 10 is the upcoming version of Apple’s smartwatch, likely to include new health and fitness features.
AirPods – AirPods are Apple’s wireless earbuds that offer seamless connectivity with Apple devices and features like noise cancellation.
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