Today’s telecom news includes announcements on Nelco, Lunar Holdco, Nokia, MVNO market, among others.
Nelco Deepens Satellite Push With $20 Million Elveo-Linked Investment
Nelco has committed $20 million to Lunar Holdco through compulsorily convertible debentures, expanding its exposure to satellite direct-to-device and IoT connectivity. Lunar Holdco is associated with Elveo Mobile, the company created through the completed merger of Lynk Global and Omnispace. The investment is intended to support satellite-based connectivity and strengthen Nelco’s position in emerging 5G non-terrestrial network services. The deal provides Nelco with a pathway to equity participation in Elveo and aligns the Tata Group company with its combined spectrum assets and satellite technology. The strategy targets applications across South Asia, including IoT connectivity and satellite-enabled communications. The investment marks a deeper financial commitment to the rapidly developing direct-to-device satellite communications market.
Nokia Cuts 1,600 Jobs as China Telecom Retreat Deepens
Nokia is cutting 1,600 jobs and closing its Hangzhou research and development center as the telecom equipment maker deepens its retreat from China, according to a DIGITIMES report. The restructuring highlights the growing challenges facing European network equipment suppliers in the Chinese market, where domestic vendors have strengthened their position. Nokia has been reducing its exposure to China as competitive conditions, market access and geopolitical pressures reshape global telecom equipment supply chains. The Hangzhou R&D closure and workforce reduction represent another step in streamlining the company’s China operations. The move comes as telecom equipment companies increasingly reassess regional manufacturing, research and investment strategies amid heightened competition and a broader push for technological localization in major markets.
Global MVNO Landscape Expands to More Than 900 Operators
A new 2026-2027 global MVNO and virtual telecom service provider directory tracks more than 900 operators across over 65 countries, highlighting the expanding virtual telecom ecosystem. Published by ResearchAndMarkets.com, the directory includes more than 3,673 CXO, management and decision-maker contacts, up to 300 percent more management contacts than the previous edition. It provides operator profiles covering 2G, 3G, LTE, 4G, 5G and LTE-Advanced technologies, along with subscriber numbers, market share, ownership and network information. The research also includes market analysis, forecasts and strategic developments covering 2026-2030. The database is designed for telecom vendors, network providers, roaming partners, device companies and technology firms seeking customers, partnerships and international market opportunities.
SHAFANA FAZAL
