Telecom Egypt looks to cooperate with Huawei

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Updated 10 October 2020

Telecom Egypt looks to cooperate with Huawei

  • More than 300 trainers in different governorates and in various fields of digital transformation have been instructed and certified

CAIRO: Huawei is a strategic partner for the Egyptian communications and information technology sector, a recent meeting between the company and government officials heard.

Egyptian Minister of Communications and Information Technology Amr Talaat met a Huawei International delegation headed by Ryan Ding, the company’s executive director of the board of directors.

Cooperation between a number of agencies affiliated with the ministry and the global company was taking place in skill-building and support for entrepreneurship, Talaat said.

Explaining the importance of finding employment for those who had received training, the minister said that developing the skills to empower independent professionals would become part of all technical training grants offered by the ministry.

Ding said that Huawei appreciated its strategic partnership with the Egyptian government, the support it received from the Ministry of Communications and Information Technology, and that it looked forward to improving cooperation.

The meeting reviewed the cooperation between Huawei International, Telecom Egypt and the Information Technology Industry Development Agency (ITIDA) in equipping an advanced technological innovation laboratory for computing and data analysis in the Sultan Hussein Kamel Palace Creativity Complex.

The meeting was a follow-up to what had been implemented within the cooperation agreement between the National Institute of Information and Communications and Huawei to instruct 10,000 trainees in digital transformation technologies. 

About 3,000 trainees from Egyptian governorates have been instructed at an advanced level through interactive live training; 1,000 of them have obtained international certificates in digital transformation. 

The total number of youth trainees to receive advanced levels of instruction through interactive training is expected to reach more than 5,000 by the end of the year.

More than 300 trainers in different governorates and in various fields of digital transformation have been instructed and certified. About 8,000 trainees have completed their instruction and testing online.

Big week for Big Tech as earnings, hearings loom

Updated 25 October 2020

Big week for Big Tech as earnings, hearings loom

  • The four giants drawing the most scrutiny — Apple, Amazon, Facebook and Google — have been wildly successful in recent years

SAN FRANCISCO: Big Tech is bracing for a tumultuous week marked by quarterly results likely to show resilience despite the pandemic, and fresh attacks from lawmakers ahead of the Nov. 3 election.

With backlash against Silicon Valley intensifying, the companies will seek to reassure investors while at the same time fend off regulators and activists who claim these firms have become too dominant and powerful.

Earnings reports are due this week from Amazon, Apple, Facebook, Microsoft, Twitter and Google-parent Alphabet, whose combined value has grown to more than $7 trillion.

They have also woven themselves into the very fabric of modern life, from how people share views and get news to shopping, working, and playing.

Robust quarterly earnings results expected from Big Tech will “highlight the outsized strength these tech behemoths are seeing” but “ultimately add fuel to the fire in the Beltway around breakup momentum,” Wedbush analyst Dan Ives said in a note to investors.

The results come amid heightened scrutiny in Washington of tech platforms and follow a landmark antitrust suit filed against Google, which could potentially lead to the breakup of the internet giant, illustrative of the “techlash” in political circles.

Meanwhile, Senate Republicans have voted to subpoena Jack Dorsey and Mark Zuckerberg, the chief executives of Twitter and Facebook respectively, as part of a stepped-up assault on social media’s handling of online political content, notably the downranking of a New York Post article purported to show embarrassing information about Democrat Joe Biden.

CEOs of Twitter, Facebook and Google are already slated to testify at a separate Senate panel on Wednesday examining the so-called Section 230 law, which offers liability protection for content posted by others on their platforms.

The four giants drawing the most scrutiny — Apple, Amazon, Facebook and Google — have been wildly successful in recent years and have weathered the economic impact of the pandemic by offering needed goods and services.

Google and Facebook dominate the lucrative online ad market, while Amazon is an e-commerce king.

Apple has come under fire for its tight grip on the App Store, just as it has made a priority of making money from selling digital content and services to the multitude of iPhone users.

The firms have stepped up lobbying, spending tens of millions this year, and made efforts to show their social contributions as part of their campaign to fend off regulation.

“For the most part, tech companies know how to do this dance,” said analyst Rob Enderle of Enderle Group.

“They don’t spend a lot of time bragging about how well they have done any more.”

Ed Yardeni of Yardeni Research said the outlook for Big Tech may not be as rosy as it appears.

“For one, regulators at home and abroad are gunning to rein in some of the largest US technology names,” Yardeni said in a research note.

Of interest to the market short-term will likely be whether backlash about what kind of content is left up and what is taken down by online titans causes advertisers to cut spending on the platforms.

Economic and social disruption from the pandemic also looms over tech firms, which benefitted early in the pandemic as people turned to the internet to work, learn, shop and socialize from home.

“Performance will be best for those providing solutions for people working at home,” analyst Enderle said.

Amazon, Google and Microsoft each have cloud computing divisions that have been increasingly powering revenue as demand climbs for software, services and storage provided as services from massive datacenters.

Amazon has seen booming sales on its platform during the pandemic, and viewing surge at its Prime streaming television service.

Enderle expressed concern that with the coronavirus disease (COVID-19) cases and a lack of new stimulus money in the US, tech companies could reveal in forecasts that they are bracing for poorer performance in the current quarter.