Today’s telecom news includes announcements on Fiber Optic Test Equipment Market, Telefonica, SK Telecom, MTNL, among others.
Fiber Optic Test Equipment Market to Grow to USD 1.68 Billion by 2035
The Fiber Optic Test Equipment Market is expected to grow from USD 1,025 million in 2025 to USD 1,686 million by 2035. The rise of 5G, data centers, and IoT is driving this growth. The market is growing in regions like North America, Asia, and Europe but faces challenges like high costs and complex networks, according to Future Market Insights.
Telefonica Plans Job Cuts
Telefonica is thinking about cutting 4,000 to 5,000 jobs in Spain to lower costs and improve efficiency. The company already reduced 3,400 jobs last year, saving 285 million euros annually starting in 2025. Since 2008, Telefonica has cut 20,000 jobs, mainly because of automation and moving away from its old copper network.
SK Telecom Stops New Signups After Cyberattack
SK Telecom has stopped taking new customers after a cyberattack in April. The company is replacing SIM cards for 25 million customers to prevent SIM cloning. The replacement process began on April 28th and customers can make appointments online. This move is part of the company’s response to the cyberattack that affected its stock price.
Source: Reuters
MTNL Misses Bond Payment
MTNL has missed the interest payment on its Rs 6,100 crore bonds because it did not have enough money. The company issued the bonds in November 2022 with a government guarantee. If MTNL does not pay, the Indian government will step in to make the payment.
NTC Suspends Network Maintenance for Eleksyon 2025
The National Telecommunications Commission (NTC) has stopped network repairs from May 5 to 14, 2025, to keep communication smooth during the elections. Providers must finish their work by May 3, 2025. Emergency repairs are allowed with rules. The NTC is working with other agencies to monitor any issues. Teams are ready in all 16 NTC offices to keep connections stable for the elections on May 12, 2025.
TelecomLead.com News Desk
