Aussie telco Optus to deploy 5G networks in early 2019
Australian telco Optus has revealed its plans for a 5G rollout to key cities, with a target of early 2019 to have these networks in place.
The company has pipped rival Telstra to the announcement, this having already deployed 4.5G services during 2017. Optus’s 5G solution, it says, will be 15 times faster than anything on the market at the moment.
Optus Managing Director of Networks Dennis Wong said: “People have been hearing about 5G for some time, and there is pent up expectation, but to date a lot of the talk has been highly theoretical.”
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The announcement follows a successful trial which showed 2Gbps download speeds using a potential device for a fixed wireless service in the home and business.
Wong continued: “This is a technology and future we at Optus are extremely passionate about. This successful trial is a historical milestone in Optus’ journey to 5G.”
Optus plans to showcase its 5G solution during the 2018 Gold Coast Commonwealth Games, allowing visitors to Broadbeach to experience playing sports in VR, competing against machines and remotely controlling robots.
“When developing and testing new technologies, end customer experience remains our top priority,” Wong added. “By successfully testing commercial grade customer equipment, we’re able to pave the way for Optus to begin testing 5G technologies from a consumer perspective.
“We continue to be involved in the fine tuning of the customer equipment with our partner – Huawei, to ensure that the equipment meets the standards as they are being endorsed.”
Optus has been working towards the delivery of 5G technology since 2016, and last committed to a $1bn investment to extend regional coverage across Australia.
Bukalapak raises $1.5bn in record Singapore IPO, say sources
Bukalapak, currently the fourth largest Indonesian ecommerce company, is said to have raised $1.5 billion in the first IPO by an Indonesian tech unicorn.
Three unidentified, but likely reliable, sources told Reuters the order books for Bukalapak’s IPO were covered by multiples, with one source claiming the issue attracted more than $6 billion in demand despite being listed at the top of its indicated price range.
Bukalapak's 50x growth
Bukalapak was looking to raise just $300 million just a few months ago. The figure grew to $800 million before rising to $1.5 billion as investors jockeyed for a piece of the company.
Covid-19 has had a positive impact on many ecommerce operators, and Bukalapak also has strong investment lines via Singapore sovereign investor GIC and Microsoft, among others. The company focuses on micro, small and medium-sized enterprises.
Indonesia is Southeast Asia’s biggest economy.
Indonesia’s four biggest ecommerce companies
Tokopedia is an Indonesian technology company specializing in e-commerce. It was founded in 2009 by William Tanuwijaya and Leontinus Alpha Edison.
Shopee was first launched in Singapore in 2015, and later expanded its reach to Malaysia, Thailand, Taiwan, Indonesia, Vietnam, the Philippines, Brazil, Mexico, Chile, and Colombia.
Lazada is a Singaporean multinational technology company which focuses mainly on e-commerce. Founded by Maximilian Bittner with the backing of Rocket Internet in 2012, it is currently owned by the Alibaba Group after its acquisition in 2016.
Bukalapak is an Indonesian e-commerce company. It was founded in 2010 as an online marketplace to enable small and medium enterprises go online and has expanded to support smaller traditional family owned businesses.