Category: Press Releases

Posted on

Mavenir Collaboration with Three UK and Red Hat Doubles Glasgow 5G Speeds in UK-First Open RAN Small Cells Roll-Out

  • Mavenir Open vRAN and O-RAN compliant small cells central to success of Three UK’s Glasgow City Centre roll-out – boosting coverage and capacity across a high-demand, dense urban environment
  • Landmark trial demonstrates the benefit of deploying Open RAN small cells alongside existing macro networks to solve blackspot issues

GLASGOW, Scotland, May 29, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider, working in collaboration with operator Three UK and the world’s leading provider of open source solutions, Red Hat, has successfully demonstrated the performance benefits of 5G non-standalone O-RAN compliant small cells in Glasgow City Centre – doubling 5G speeds at peak times.

This milestone UK-first trial of Open RAN in a dense urban environment also marks the first live deployment of O-RAN compliant small cells working alongside legacy macro cells from traditional vendors in this environment – driving a significant reduction in traffic congestion by delivering high-quality coverage and additional capacity. During the initial phase of the trial, both 4G and 5G speeds doubled during the busiest times of the day, with Three UK’s 5G speeds reaching an impressive 520Mbps across the trial area. The capacity boost also cascaded into further performance and user experience improvements in surrounding sites.

Following the successful trial of 18 live sites in Glasgow City Centre, the project will now move into its final deployment phase, bringing the total number of Open RAN small cell sites to 34.

Mavenir’s roll-out of a small cell densification layer for Three UK is being delivered as part of the SCONDA (Small Cells O-RAN in Dense Areas) project – a key connectivity initiative backed by the UK government’s Department for Science, Innovation and Technology (DSIT). The project represents a significant step forward for Open RAN in the UK by trialing – for the first time – the integration of a full decentralized Open RAN architecture with existing traditional infrastructure into a high traffic, high footfall city setting.

Mavenir is delivering a full 4G and 5G O-RAN solution, including its OpenBeam small cell radios running on Red Hat OpenShift, the industry’s leading hybrid cloud application platform powered by Kubernetes. Mavenir 4G and 5G small cell radios are being deployed on lamp posts across Glasgow to offload macro traffic and enable automation of network performance within a challenging multi-vendor, multi-technology radio environment. Three UK is leveraging Red Hat OpenShift to build and deliver the Open vRAN network, integrated into the existing 4G core of Three UK, and operating alongside the operator’s traditional RAN.

Brandon Larson, SVP, Cloud and AI at Mavenir, said: “This network densification project proves that the Open RAN layer built by Mavenir can efficiently and effectively meet the needs of Three UK and its customers in one of the busiest cities in the UK. Our solution has delivered a 2x improvement in 5G speeds, a measurable uplift in capacity, and handover of customer traffic has been outstanding. This powerfully demonstrates that Open RAN can be fully integrated alongside traditional vendors – a breakthrough that will get the attention of radio network design teams around the world for the cost savings and flexibility it offers.”

Iain Milligan, Chief Network Officer at Three UK said: “Mavenir and Red Hat have been exceptional partners on this groundbreaking project – the UK’s first Open RAN trial to tackle the real-world complexity of a dense urban environment. We have pushed the boundaries and proven that the Open RAN approach is a hugely valuable addition to network design and deployment.”

He added: “Urban deployments bring a different level of technical and operational challenge compared to rural environments. We’ve had to navigate integration with legacy systems, security layers, and evolving software – all while delivering measurable improvements for customers. The trial results are encouraging and provide a strong foundation for further scaling and optimisation of Open RAN in cities.”

Honoré LaBourdette, Vice President, Global Telco Ecosystem at Red Hat, said: “Red Hat and Mavenir share a commitment to delivering optimized Open RAN solutions for service providers to achieve improved network performance and unlock the next generation of 5G use cases. We are pleased to collaborate with Mavenir to implement an integrated 5G Standalone Open RAN solution, powered by Red Hat OpenShift, to help Three UK deliver enhanced customer experiences and streamline operations for the city of Glasgow.”

With this latest deployment, Mavenir and Red Hat are continuing to offer carrier-grade telco cloud solutions to mobile network operators, leveraging a decade of well-established collaboration. Mavenir RAN workloads on Red Hat OpenShift offer an attractive value proposition for the mobile network operators.

Key benefits delivered by Mavenir using Red Hat OpenShift include:

  • Full stack automation: Integration of Red Hat Advanced Cluster Management for Kubernetes with Mavenir’s Cloud-Native Automation provides full stack automation and streamlined day-1 and day-2 operational management.
  • Pre-integrated and pre-tested reference architectures: Red Hat and Mavenir help minimize complexity and reduce time spent on integration by providing a common, pre-integrated reference architecture.
  • Scalable design and faster time-to-market: Offering design flexibility to scale the architecture with Mavenir workloads on Red Hat OpenShift and leveraging additional tools for faster deployments.
  • Comprehensive Security Capabilities: Mavenir’s Open RAN solution on Red Hat OpenShift provides mobile networks with core platform security controls, including admission controllers, container isolation via Security Context Constraints (SCCs), runtime protection using kernel-level security modules (seccomp, SELinux), role-based access controls (RBAC) and network segmentation through CNI/OVN. These capabilities align with industry practices, enabling operators to implement hardened configurations for compliance objectives.

Notes to editors

The SCONDA project is a partnership with Three UK, Mavenir, AWTG, Freshwave, PI Works, the 5G Scotland Centre and Accenture, with the support of Glasgow City Council and funding from the UK government’s Department for Science, Innovation and Technology (DSIT).

Three UK doubles Glasgow city centre speeds with UK-first Open RAN roll-out

About Three UK:

Hutchison 3G UK Limited, trading as Three UK, is a British telecommunications company based in Reading, England. It is an indirect, wholly owned subsidiary of CK Hutchison Holdings, a limited liability Cayman Islands company registered and listed in Hong Kong. Three is the fourth-largest mobile network operator in the United Kingdom, with about 10.9 million subscribers as of November 2024. For more information, please visit https://www.three.co.uk/

About Mavenir:

Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

Red Hat, the Red Hat logo and OpenShift are trademarks or registered trademarks of Red Hat, Inc. or its subsidiaries in the U.S. and other countries.

Mavenir PR Contact:
Emmanuela Spiteri
[email protected]

GlobeNewswire Distribution ID 9459402

Posted on

Mavenir Collaboration with Three UK and Red Hat Doubles Glasgow 5G Speeds in UK-First Open RAN Small Cells Roll-Out

  • Mavenir Open vRAN and O-RAN compliant small cells central to success of Three UK’s Glasgow City Centre roll-out – boosting coverage and capacity across a high-demand, dense urban environment
  • Landmark trial demonstrates the benefit of deploying Open RAN small cells alongside existing macro networks to solve blackspot issues

GLASGOW, Scotland, May 29, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider, working in collaboration with operator Three UK and the world’s leading provider of open source solutions, Red Hat, has successfully demonstrated the performance benefits of 5G non-standalone O-RAN compliant small cells in Glasgow City Centre – doubling 5G speeds at peak times.

This milestone UK-first trial of Open RAN in a dense urban environment also marks the first live deployment of O-RAN compliant small cells working alongside legacy macro cells from traditional vendors in this environment – driving a significant reduction in traffic congestion by delivering high-quality coverage and additional capacity. During the initial phase of the trial, both 4G and 5G speeds doubled during the busiest times of the day, with Three UK’s 5G speeds reaching an impressive 520Mbps across the trial area. The capacity boost also cascaded into further performance and user experience improvements in surrounding sites.

Following the successful trial of 18 live sites in Glasgow City Centre, the project will now move into its final deployment phase, bringing the total number of Open RAN small cell sites to 34.

Mavenir’s roll-out of a small cell densification layer for Three UK is being delivered as part of the SCONDA (Small Cells O-RAN in Dense Areas) project – a key connectivity initiative backed by the UK government’s Department for Science, Innovation and Technology (DSIT). The project represents a significant step forward for Open RAN in the UK by trialing – for the first time – the integration of a full decentralized Open RAN architecture with existing traditional infrastructure into a high traffic, high footfall city setting.

Mavenir is delivering a full 4G and 5G O-RAN solution, including its OpenBeam small cell radios running on Red Hat OpenShift, the industry’s leading hybrid cloud application platform powered by Kubernetes. Mavenir 4G and 5G small cell radios are being deployed on lamp posts across Glasgow to offload macro traffic and enable automation of network performance within a challenging multi-vendor, multi-technology radio environment. Three UK is leveraging Red Hat OpenShift to build and deliver the Open vRAN network, integrated into the existing 4G core of Three UK, and operating alongside the operator’s traditional RAN.

Brandon Larson, SVP, Cloud and AI at Mavenir, said: “This network densification project proves that the Open RAN layer built by Mavenir can efficiently and effectively meet the needs of Three UK and its customers in one of the busiest cities in the UK. Our solution has delivered a 2x improvement in 5G speeds, a measurable uplift in capacity, and handover of customer traffic has been outstanding. This powerfully demonstrates that Open RAN can be fully integrated alongside traditional vendors – a breakthrough that will get the attention of radio network design teams around the world for the cost savings and flexibility it offers.”

Iain Milligan, Chief Network Officer at Three UK said: “Mavenir and Red Hat have been exceptional partners on this groundbreaking project – the UK’s first Open RAN trial to tackle the real-world complexity of a dense urban environment. We have pushed the boundaries and proven that the Open RAN approach is a hugely valuable addition to network design and deployment.”

He added: “Urban deployments bring a different level of technical and operational challenge compared to rural environments. We’ve had to navigate integration with legacy systems, security layers, and evolving software – all while delivering measurable improvements for customers. The trial results are encouraging and provide a strong foundation for further scaling and optimisation of Open RAN in cities.”

Honoré LaBourdette, Vice President, Global Telco Ecosystem at Red Hat, said: “Red Hat and Mavenir share a commitment to delivering optimized Open RAN solutions for service providers to achieve improved network performance and unlock the next generation of 5G use cases. We are pleased to collaborate with Mavenir to implement an integrated 5G Standalone Open RAN solution, powered by Red Hat OpenShift, to help Three UK deliver enhanced customer experiences and streamline operations for the city of Glasgow.”

With this latest deployment, Mavenir and Red Hat are continuing to offer carrier-grade telco cloud solutions to mobile network operators, leveraging a decade of well-established collaboration. Mavenir RAN workloads on Red Hat OpenShift offer an attractive value proposition for the mobile network operators.

Key benefits delivered by Mavenir using Red Hat OpenShift include:

  • Full stack automation: Integration of Red Hat Advanced Cluster Management for Kubernetes with Mavenir’s Cloud-Native Automation provides full stack automation and streamlined day-1 and day-2 operational management.
  • Pre-integrated and pre-tested reference architectures: Red Hat and Mavenir help minimize complexity and reduce time spent on integration by providing a common, pre-integrated reference architecture.
  • Scalable design and faster time-to-market: Offering design flexibility to scale the architecture with Mavenir workloads on Red Hat OpenShift and leveraging additional tools for faster deployments.
  • Comprehensive Security Capabilities: Mavenir’s Open RAN solution on Red Hat OpenShift provides mobile networks with core platform security controls, including admission controllers, container isolation via Security Context Constraints (SCCs), runtime protection using kernel-level security modules (seccomp, SELinux), role-based access controls (RBAC) and network segmentation through CNI/OVN. These capabilities align with industry practices, enabling operators to implement hardened configurations for compliance objectives.

Notes to editors

The SCONDA project is a partnership with Three UK, Mavenir, AWTG, Freshwave, PI Works, the 5G Scotland Centre and Accenture, with the support of Glasgow City Council and funding from the UK government’s Department for Science, Innovation and Technology (DSIT).

Three UK doubles Glasgow city centre speeds with UK-first Open RAN roll-out

About Three UK:

Hutchison 3G UK Limited, trading as Three UK, is a British telecommunications company based in Reading, England. It is an indirect, wholly owned subsidiary of CK Hutchison Holdings, a limited liability Cayman Islands company registered and listed in Hong Kong. Three is the fourth-largest mobile network operator in the United Kingdom, with about 10.9 million subscribers as of November 2024. For more information, please visit https://www.three.co.uk/

About Mavenir:

Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

Red Hat, the Red Hat logo and OpenShift are trademarks or registered trademarks of Red Hat, Inc. or its subsidiaries in the U.S. and other countries.

Mavenir PR Contact:
Emmanuela Spiteri
[email protected]

GlobeNewswire Distribution ID 9459402

Posted on

The UK, the Netherlands, Egypt and Saudi Arabia among likely winners in the changing world order

TMF Group today launched its 12th annual study on global business complexity, ranking countries according to the burden of their rules for doing business.

LONDON, May 28, 2025 (GLOBE NEWSWIRE) — The Global Business Complexity Index (GBCI) studies over 250 indicators of complexity in 79 jurisdictions that represent 94% of the world’s GDP. The complexity that the report measures is a dead-weight burden on business that stifles local innovation and deters foreign direct investment with no obvious societal benefit. The report has consistently shown that countries in Southern Europe and Latin America are the most complex for doing business and that continues to be true in 2025. At the other end of the scale, the least complex places to do business tend to be in Northern Europe and several of the offshore investment hubs. These all compete for investment on the basis of the ease of doing business there and have adopted less onerous requirements, as well as more efficient ways for firms to manage them.

The report notes that complexity is relatively straightforward to navigate, at least for larger multinationals able to absorb the cost of complying with local rules. What is much harder to deal with is uncertainty. US-led sanctions, lockdowns in China and the Suez blockage had already begun a shift in globalisation towards more diversified supply chains, with companies seeking to reduce their reliance on single countries for sourcing, building or selling their products. A part of that solution noted in last year’s report was the rise of connector economies like Mexico, Philippines and Vietnam, bridging trade between China and the US in the so-called ‘China plus one’ strategy. That strategy has now fallen foul of US tariffs, set to reflect a country’s trade surplus in goods with the US and so punishing countries with connector status.

Even if tariffs abate, their launch and rapid shifts point to an underlying risk for companies trading from countries with a high US trade surplus. The report notes a drop in confidence in stability, with the majority of jurisdictions (55%) reporting prioritisation of trade corridor diversity. It identifies a number of countries that might now emerge as the new connectors — with low levels of complexity pointing to business-friendly rules, a low US trade surplus pointing to less likely retaliatory action, a reasonable size and sophistication of economy to support a variety of activity at scale and absorb investment without tipping heavily into US trade surplus, and a multipolar stance that should allow them to trade across different blocs. Those countries include the UK and the Netherlands in Europe, Egypt and Saudi Arabia in the Middle East and Australia and Hong Kong in Asia Pacific.

The report finally notes that at a time of great uncertainty for global trade — and in particular, trade with the US — governments should focus on making their countries less complex places to do business whilst seeking trade agreements across different blocs to encourage cross-investment. It also notes that companies will need to further diversify their supply chains. That will add to their internal complexity and costs. At the same time, companies can help themselves by simplifying their arrangements for managing those supply chains, with many having excessive numbers of legal entities for their geographic scope along with large numbers of suppliers to help manage them.

TMF Group’s CEO Mark Weil, said:

“The real challenge for businesses today isn’t complexity, it’s uncertainty. With rising trade tensions, a shifting geopolitical landscape and economic unpredictability, companies are forced to make decisions in an environment that can change overnight. Tariffs are just the latest signal of the risks of supply chain concentration. Diversification is a necessity in this context, although it comes with a cost. The good news is that businesses can offset some of the complexities of diversification by reducing their own internal intricacies. Our benchmarking reveals stark differences in structural complexity among similar firms. We see an opportunity here: by simplifying their structures and support models — for example, by having fewer legal entities and a few trusted global partners — businesses can gain flexibility. Done right, this can improve efficiency and agility as firms navigate an uncertain world.”

Media Contacts
Marina Llibre Martin, Global PR Manager
[email protected]

GlobeNewswire Distribution ID 1001099131

Posted on

The UK, the Netherlands, Egypt and Saudi Arabia among likely winners in the changing world order

TMF Group today launched its 12th annual study on global business complexity, ranking countries according to the burden of their rules for doing business.

LONDON, May 28, 2025 (GLOBE NEWSWIRE) — The Global Business Complexity Index (GBCI) studies over 250 indicators of complexity in 79 jurisdictions that represent 94% of the world’s GDP. The complexity that the report measures is a dead-weight burden on business that stifles local innovation and deters foreign direct investment with no obvious societal benefit. The report has consistently shown that countries in Southern Europe and Latin America are the most complex for doing business and that continues to be true in 2025. At the other end of the scale, the least complex places to do business tend to be in Northern Europe and several of the offshore investment hubs. These all compete for investment on the basis of the ease of doing business there and have adopted less onerous requirements, as well as more efficient ways for firms to manage them.

The report notes that complexity is relatively straightforward to navigate, at least for larger multinationals able to absorb the cost of complying with local rules. What is much harder to deal with is uncertainty. US-led sanctions, lockdowns in China and the Suez blockage had already begun a shift in globalisation towards more diversified supply chains, with companies seeking to reduce their reliance on single countries for sourcing, building or selling their products. A part of that solution noted in last year’s report was the rise of connector economies like Mexico, Philippines and Vietnam, bridging trade between China and the US in the so-called ‘China plus one’ strategy. That strategy has now fallen foul of US tariffs, set to reflect a country’s trade surplus in goods with the US and so punishing countries with connector status.

Even if tariffs abate, their launch and rapid shifts point to an underlying risk for companies trading from countries with a high US trade surplus. The report notes a drop in confidence in stability, with the majority of jurisdictions (55%) reporting prioritisation of trade corridor diversity. It identifies a number of countries that might now emerge as the new connectors — with low levels of complexity pointing to business-friendly rules, a low US trade surplus pointing to less likely retaliatory action, a reasonable size and sophistication of economy to support a variety of activity at scale and absorb investment without tipping heavily into US trade surplus, and a multipolar stance that should allow them to trade across different blocs. Those countries include the UK and the Netherlands in Europe, Egypt and Saudi Arabia in the Middle East and Australia and Hong Kong in Asia Pacific.

The report finally notes that at a time of great uncertainty for global trade — and in particular, trade with the US — governments should focus on making their countries less complex places to do business whilst seeking trade agreements across different blocs to encourage cross-investment. It also notes that companies will need to further diversify their supply chains. That will add to their internal complexity and costs. At the same time, companies can help themselves by simplifying their arrangements for managing those supply chains, with many having excessive numbers of legal entities for their geographic scope along with large numbers of suppliers to help manage them.

TMF Group’s CEO Mark Weil, said:

“The real challenge for businesses today isn’t complexity, it’s uncertainty. With rising trade tensions, a shifting geopolitical landscape and economic unpredictability, companies are forced to make decisions in an environment that can change overnight. Tariffs are just the latest signal of the risks of supply chain concentration. Diversification is a necessity in this context, although it comes with a cost. The good news is that businesses can offset some of the complexities of diversification by reducing their own internal intricacies. Our benchmarking reveals stark differences in structural complexity among similar firms. We see an opportunity here: by simplifying their structures and support models — for example, by having fewer legal entities and a few trusted global partners — businesses can gain flexibility. Done right, this can improve efficiency and agility as firms navigate an uncertain world.”

Media Contacts
Marina Llibre Martin, Global PR Manager
[email protected]

GlobeNewswire Distribution ID 1001099131

Posted on

Mavenir’s Converged Packet Core Solution Set to Transform Tampnet’s Global 4G/5G Mobile Network

New partnership empowers offshore connectivity innovator to deliver cloud-native 5G services – including enhanced mobile broadband, URLLC and mMTC

READING, United Kingdom, May 27, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider, today announced that it has been selected as a key technology partner by Tampnet – a global leader in offshore, high-capacity, low-latency connectivity and network services. Following a rigorous selection process, the Norway-based offshore connectivity provider has chosen Mavenir’s state-of-the-art Converged Packet Core solution for immediate deployment across its global 4G/5G network. Tampnet operates the world’s largest offshore high-capacity communication network in the North Sea and the Gulf of America, serving customers across offshore energy, maritime and carrier industries.

Mavenir’s Converged Packet Core Solution Set to Transform Tampnet’s Global 4G/5G Mobile Network
Connectivity through vessels, platforms, rigs, boats and satellites offshore

Connectivity through vessels, platforms, rigs, boats and satellites offshore.

Marking a wholesale migration to Mavenir from existing core technology providers in Europe and the Americas, this new strategic partnership unlocks a transformative opportunity for Tampnet to deliver innovative, cloud-native 5G services to its mobile customers – including enhanced mobile broadband, ultra-reliable low-latency communications (URLLC), and massive machine-type communications (mMTC). Leveraging full containerisation for optimal flexibility, Mavenir’s advanced converged packet core solution will ensure a smooth and seamless transition across Tampnet’s 4G, 5G Non-Standalone (NSA), and introduction of 5G Standalone (SA), while also setting the global communication service provider on course for future 6G capabilities.

Additionally, Mavenir’s integration of AI-driven automation and energy-efficient network orchestration features will drive a suite of compelling benefits – enabling Tampnet to optimize network performance, reduce operational costs, and deliver hyper-personalized services tailored to its customers’ needs.

Commenting on the technology partnership, Øyvind Skjervik, Chief Architect of Tampnet, said: “This strategic collaboration with Mavenir marks a significant milestone in our journey to deliver cutting-edge connectivity and digital services to our customers worldwide. This positions us as a leader in the global telecommunications landscape, ready to meet the evolving demands of consumers, enterprises, and industries. We’re looking forward to collaborating closely with Mavenir to bring this next-generation mobile core to life and to set a new benchmark for connectivity and innovation.”

Mavenir’s end-to-end, fully containerized packet core portfolio provides multi-generational support for all G’s to allow flexible and cost-effective modernization of existing mobile networks while evolving to 5G. The cloud-native architecture offers easy scaling, hardware decoupling, agility, portability and resilience across all cloud environments – public, private and hybrid – while a granular microservice architecture delivers carrier-grade resiliency that meets web-scale requirements – including high availability, security, and performance.

Ashok Khuntia, President – Core Networks for Mavenir, said: “Tampnet and Mavenir are aligned in a mission to fundamentally transform global connectivity, pushing the limits of technology innovation to drive greater accessibility and richer service capabilities for users wherever they are, while continually raising the bar in resilience, reliability, energy-efficiency and performance. By entrusting Mavenir with its mobile core transformation, Tampnet is positioned to fully realize the benefits of an agile, extensible network and accelerate the roll-out of leading-edge services to support IoT and emerging next-generation applications. We are excited to be embarking on this significant collaboration where, together, we will be working to redefine what’s possible in offshore telecommunications.”

About Mavenir

Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

About Tampnet

Tampnet provides first-class, high-capacity connectivity to the global offshore energy sector, enabling digitalization, efficiency, and sustainability. By operating the world’s largest offshore network, Tampnet delivers reliable and scalable high-capacity, low-latency connectivity solutions that support safer, smarter and more sustainable operations from site to shore. Through continuous innovation and focus on reduction of carbon footprint, Tampnet revolutionizes offshore operations, contributing to a more sustainable energy production landscape. The company operates offshore telecom infrastructure in the North Sea, the Gulf of Mexico (Gulf of America), Trinidad & Tobago and Canada. More than 350 offshore energy installations, as well as a large number of mobile rigs and vessels, receive high-speed data communication by Tampnet. For more information, please visit www.tampnet.com

Media Contact :
Emmanuela Spiteri
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bdf5e235-b992-4e9c-aed8-d2670ab453ec

GlobeNewswire Distribution ID 9457210

Posted on

Mavenir’s Converged Packet Core Solution Set to Transform Tampnet’s Global 4G/5G Mobile Network

New partnership empowers offshore connectivity innovator to deliver cloud-native 5G services – including enhanced mobile broadband, URLLC and mMTC

READING, United Kingdom, May 27, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider, today announced that it has been selected as a key technology partner by Tampnet – a global leader in offshore, high-capacity, low-latency connectivity and network services. Following a rigorous selection process, the Norway-based offshore connectivity provider has chosen Mavenir’s state-of-the-art Converged Packet Core solution for immediate deployment across its global 4G/5G network. Tampnet operates the world’s largest offshore high-capacity communication network in the North Sea and the Gulf of America, serving customers across offshore energy, maritime and carrier industries.

Mavenir’s Converged Packet Core Solution Set to Transform Tampnet’s Global 4G/5G Mobile Network
Connectivity through vessels, platforms, rigs, boats and satellites offshore

Connectivity through vessels, platforms, rigs, boats and satellites offshore.

Marking a wholesale migration to Mavenir from existing core technology providers in Europe and the Americas, this new strategic partnership unlocks a transformative opportunity for Tampnet to deliver innovative, cloud-native 5G services to its mobile customers – including enhanced mobile broadband, ultra-reliable low-latency communications (URLLC), and massive machine-type communications (mMTC). Leveraging full containerisation for optimal flexibility, Mavenir’s advanced converged packet core solution will ensure a smooth and seamless transition across Tampnet’s 4G, 5G Non-Standalone (NSA), and introduction of 5G Standalone (SA), while also setting the global communication service provider on course for future 6G capabilities.

Additionally, Mavenir’s integration of AI-driven automation and energy-efficient network orchestration features will drive a suite of compelling benefits – enabling Tampnet to optimize network performance, reduce operational costs, and deliver hyper-personalized services tailored to its customers’ needs.

Commenting on the technology partnership, Øyvind Skjervik, Chief Architect of Tampnet, said: “This strategic collaboration with Mavenir marks a significant milestone in our journey to deliver cutting-edge connectivity and digital services to our customers worldwide. This positions us as a leader in the global telecommunications landscape, ready to meet the evolving demands of consumers, enterprises, and industries. We’re looking forward to collaborating closely with Mavenir to bring this next-generation mobile core to life and to set a new benchmark for connectivity and innovation.”

Mavenir’s end-to-end, fully containerized packet core portfolio provides multi-generational support for all G’s to allow flexible and cost-effective modernization of existing mobile networks while evolving to 5G. The cloud-native architecture offers easy scaling, hardware decoupling, agility, portability and resilience across all cloud environments – public, private and hybrid – while a granular microservice architecture delivers carrier-grade resiliency that meets web-scale requirements – including high availability, security, and performance.

Ashok Khuntia, President – Core Networks for Mavenir, said: “Tampnet and Mavenir are aligned in a mission to fundamentally transform global connectivity, pushing the limits of technology innovation to drive greater accessibility and richer service capabilities for users wherever they are, while continually raising the bar in resilience, reliability, energy-efficiency and performance. By entrusting Mavenir with its mobile core transformation, Tampnet is positioned to fully realize the benefits of an agile, extensible network and accelerate the roll-out of leading-edge services to support IoT and emerging next-generation applications. We are excited to be embarking on this significant collaboration where, together, we will be working to redefine what’s possible in offshore telecommunications.”

About Mavenir

Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

About Tampnet

Tampnet provides first-class, high-capacity connectivity to the global offshore energy sector, enabling digitalization, efficiency, and sustainability. By operating the world’s largest offshore network, Tampnet delivers reliable and scalable high-capacity, low-latency connectivity solutions that support safer, smarter and more sustainable operations from site to shore. Through continuous innovation and focus on reduction of carbon footprint, Tampnet revolutionizes offshore operations, contributing to a more sustainable energy production landscape. The company operates offshore telecom infrastructure in the North Sea, the Gulf of Mexico (Gulf of America), Trinidad & Tobago and Canada. More than 350 offshore energy installations, as well as a large number of mobile rigs and vessels, receive high-speed data communication by Tampnet. For more information, please visit www.tampnet.com

Media Contact :
Emmanuela Spiteri
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bdf5e235-b992-4e9c-aed8-d2670ab453ec

GlobeNewswire Distribution ID 9457210

Posted on

PU Prime Drives Coastal Restoration Efforts in Thailand

PU Prime Drives Coastal Restoration Efforts in Thailand
1200 x 628px

PU Prime Drives Coastal Restoration Efforts in Thailand

SINGAPORE, May 26, 2025 (GLOBE NEWSWIRE) — PU Prime, a globally recognised financial services provider, has reaffirmed its commitment to Environmental, Social, and Governance (ESG) principles through a Corporate Social Responsibility (CSR) initiative at the Air and Coastal Defense Command of the Royal Thai Navy (RTN) in Sattahip, Thailand. Held on 22 May 2025, this one-day program focused on restoring coastal ecosystems through three key environmental activities: beach cleanup, mangrove seedling planting, and crab release.

Driving Environmental Impact

As part of PU Prime’s ESG framework, the initiative was structured around three key environmental activities designed to contribute meaningfully to the restoration and preservation of coastal ecosystems. Each activity was selected for its ecological relevance and alignment with regional sustainability goals.

Beach Cleanup
PT 1

PU Prime team conducting a beach cleanup activity in Sattahip

1. Beach Cleanup
The beach cleanup activity targeted the removal of marine debris and non-biodegradable waste, such as plastic bottles, fishing nets, rope, and other litter found along Sattahip’s shoreline. These pollutants are a growing concern due to their detrimental impact on marine life. Sea turtles, fish, and dolphins are often endangered by such waste, risking entanglement or ingestion that can result in injury or death. By removing this waste, the initiative not only improved the local environment but also contributed to the global fight against marine pollution and microplastics.

This cleanup effort also highlighted the power of community-driven conservation and the responsibility businesses have in safeguarding biodiversity. It sent a strong message about the importance of collective action in preserving marine habitats and preventing further environmental degradation.

Mangrove Seedling Cultivation
PT 2

Volunteers planting Avicennia marina seedlings along the coastal area

2. Mangrove Seedling Cultivation
Another significant part of the initiative involved the planting of Avicennia marina, a species of mangrove well-suited to coastal and brackish environments. Mangroves serve as crucial coastal buffers, protecting shorelines from erosion, storm surges, and saltwater intrusion. They also provide shelter and breeding grounds for a wide range of marine and terrestrial species.

By planting mangrove seedlings, PU Prime not only supported biodiversity but also contributed to climate mitigation. Mangrove forests are known for their exceptional capacity to sequester carbon, helping absorb atmospheric CO₂. The initiative further educated participants on the ecological, social, and economic value of mangroves—essential ecosystems that support local fisheries, sustain coastal livelihoods, and bolster eco-tourism.

Crab Release
PT 3

Releasing native crab species to support marine biodiversity

3. Crab Release
The crab release component involved the careful reintroduction of native crab species into their natural habitat. This effort was aimed at supporting the regeneration of local marine populations, maintaining ecological balance, and strengthening food web dynamics in the area. Crabs play an essential role in benthic ecosystems by recycling nutrients, aerating sediments, and serving as prey for larger species.

The release was carried out in collaboration with local environmental coordinators to ensure that species selection and handling adhered to best practices in marine conservation. This activity, while symbolic, formed a tangible part of PU Prime’s effort to promote sustainable marine ecosystems and enhance local biodiversity.

A Broader ESG Vision

PU Prime ensured the initiative was well-supported with logistical planning, including transportation, facilitators, necessary equipment, and refreshments. Activities were conducted in line with local environmental guidelines, ensuring minimal disruption and lasting positive impact.

This CSR program illustrates PU Prime’s broader ESG vision—one that prioritises sustainable practices, ethical leadership, and social responsibility. As the company expands its global footprint, it remains dedicated to initiatives that deliver long-term environmental and societal benefits, reinforcing the belief that sustainability is vital to building a better future for all.

About PU Prime
Founded in 2015, PU Prime is a leading global fintech company providing innovative online trading solutions. Today, we offer regulated financial products across various asset classes, including forex, commodities, indices, and shares. Committed to providing advanced technology and educational resources, PU Prime supports traders and investors at every stage, from beginner to professional. With a presence in over 200 countries and exceeding 40 million app downloads, PU Prime is dedicated to enabling financial success and fostering a global community of empowered traders. Discover PU Prime’s latest promotions and join us for a fruitful trading journey today.

Contact
PU Prime
[email protected]

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/e123e8ba-eb6f-456c-9028-821ea8fbd863

https://www.globenewswire.com/NewsRoom/AttachmentNg/c4da0ffb-715b-44aa-bf9d-df8c66c8b0aa

https://www.globenewswire.com/NewsRoom/AttachmentNg/bb809a99-e642-453b-aaec-decb7fb5f45c

https://www.globenewswire.com/NewsRoom/AttachmentNg/f43f83f4-27c6-46e4-ae82-820fda40e017

GlobeNewswire Distribution ID 1001098951

Posted on

PU Prime Drives Coastal Restoration Efforts in Thailand

PU Prime Drives Coastal Restoration Efforts in Thailand
1200 x 628px

PU Prime Drives Coastal Restoration Efforts in Thailand

SINGAPORE, May 26, 2025 (GLOBE NEWSWIRE) — PU Prime, a globally recognised financial services provider, has reaffirmed its commitment to Environmental, Social, and Governance (ESG) principles through a Corporate Social Responsibility (CSR) initiative at the Air and Coastal Defense Command of the Royal Thai Navy (RTN) in Sattahip, Thailand. Held on 22 May 2025, this one-day program focused on restoring coastal ecosystems through three key environmental activities: beach cleanup, mangrove seedling planting, and crab release.

Driving Environmental Impact

As part of PU Prime’s ESG framework, the initiative was structured around three key environmental activities designed to contribute meaningfully to the restoration and preservation of coastal ecosystems. Each activity was selected for its ecological relevance and alignment with regional sustainability goals.

Beach Cleanup
PT 1

PU Prime team conducting a beach cleanup activity in Sattahip

1. Beach Cleanup
The beach cleanup activity targeted the removal of marine debris and non-biodegradable waste, such as plastic bottles, fishing nets, rope, and other litter found along Sattahip’s shoreline. These pollutants are a growing concern due to their detrimental impact on marine life. Sea turtles, fish, and dolphins are often endangered by such waste, risking entanglement or ingestion that can result in injury or death. By removing this waste, the initiative not only improved the local environment but also contributed to the global fight against marine pollution and microplastics.

This cleanup effort also highlighted the power of community-driven conservation and the responsibility businesses have in safeguarding biodiversity. It sent a strong message about the importance of collective action in preserving marine habitats and preventing further environmental degradation.

Mangrove Seedling Cultivation
PT 2

Volunteers planting Avicennia marina seedlings along the coastal area

2. Mangrove Seedling Cultivation
Another significant part of the initiative involved the planting of Avicennia marina, a species of mangrove well-suited to coastal and brackish environments. Mangroves serve as crucial coastal buffers, protecting shorelines from erosion, storm surges, and saltwater intrusion. They also provide shelter and breeding grounds for a wide range of marine and terrestrial species.

By planting mangrove seedlings, PU Prime not only supported biodiversity but also contributed to climate mitigation. Mangrove forests are known for their exceptional capacity to sequester carbon, helping absorb atmospheric CO₂. The initiative further educated participants on the ecological, social, and economic value of mangroves—essential ecosystems that support local fisheries, sustain coastal livelihoods, and bolster eco-tourism.

Crab Release
PT 3

Releasing native crab species to support marine biodiversity

3. Crab Release
The crab release component involved the careful reintroduction of native crab species into their natural habitat. This effort was aimed at supporting the regeneration of local marine populations, maintaining ecological balance, and strengthening food web dynamics in the area. Crabs play an essential role in benthic ecosystems by recycling nutrients, aerating sediments, and serving as prey for larger species.

The release was carried out in collaboration with local environmental coordinators to ensure that species selection and handling adhered to best practices in marine conservation. This activity, while symbolic, formed a tangible part of PU Prime’s effort to promote sustainable marine ecosystems and enhance local biodiversity.

A Broader ESG Vision

PU Prime ensured the initiative was well-supported with logistical planning, including transportation, facilitators, necessary equipment, and refreshments. Activities were conducted in line with local environmental guidelines, ensuring minimal disruption and lasting positive impact.

This CSR program illustrates PU Prime’s broader ESG vision—one that prioritises sustainable practices, ethical leadership, and social responsibility. As the company expands its global footprint, it remains dedicated to initiatives that deliver long-term environmental and societal benefits, reinforcing the belief that sustainability is vital to building a better future for all.

About PU Prime
Founded in 2015, PU Prime is a leading global fintech company providing innovative online trading solutions. Today, we offer regulated financial products across various asset classes, including forex, commodities, indices, and shares. Committed to providing advanced technology and educational resources, PU Prime supports traders and investors at every stage, from beginner to professional. With a presence in over 200 countries and exceeding 40 million app downloads, PU Prime is dedicated to enabling financial success and fostering a global community of empowered traders. Discover PU Prime’s latest promotions and join us for a fruitful trading journey today.

Contact
PU Prime
[email protected]

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/e123e8ba-eb6f-456c-9028-821ea8fbd863

https://www.globenewswire.com/NewsRoom/AttachmentNg/c4da0ffb-715b-44aa-bf9d-df8c66c8b0aa

https://www.globenewswire.com/NewsRoom/AttachmentNg/bb809a99-e642-453b-aaec-decb7fb5f45c

https://www.globenewswire.com/NewsRoom/AttachmentNg/f43f83f4-27c6-46e4-ae82-820fda40e017

GlobeNewswire Distribution ID 1001098951

Posted on

SAR 423 Billion in Foreign Investments: Saudi Arabia Launches Offshore Securities Business License

RIYADH, Saudi Arabia, May 26, 2025 (GLOBE NEWSWIRE) — Over the past decade, the Saudi Capital Market Authority (CMA) has methodically advanced the Kingdom’s capital market reforms, gradually opening its financial markets to international investors. This transformation has attracted substantial global institutional interest, with foreign holdings reaching approximately SAR 423 billion by the end of 2024. The recent introduction of the Offshore Securities Business License underscores Saudi Arabia’s ambition to establish itself as a leading regional and global financial center.

The QFI program in 2015 was the first program to provide direct access into Saudi markets for foreign investors. Prior to the QFI program, foreign investors could only access Saudi equities through swap arrangements, once foreign institutions qualified as QFIs, the program created a direct way for foreign institutions to transact in the Saudi market, further expanding the overall market access.

Since then, the CMA has gradually dismantled many of the restrictions that once limited foreign participation. In 2018, asset thresholds for QFI eligibility were lowered, per-investor ownership caps were raised from 5 to 10 percent, and the pool of eligible investors was expanded.

Also, improvements to corporate governance, financial disclosure, and market infrastructure made Saudi Arabia’s capital market more transparent and credible. These reforms helped the Kingdom secure inclusion in the MSCI and FTSE Russell emerging market indices in 2019, a development that catalyzed massive capital inflows.

The impact was instant, QFI owned SAR 13.7 billion in Saudi market in 2018. That figure increased to SAR 134.48 billion in 2019, coinciding with index inclusion. By the end of 2024, foreign investors held about SAR 423 billion in equities—up from around SAR 86 billion just six years earlier.

Beyond these broad reforms, the CMA has continued to refine foreign access. In January 2025, it published a landmark rule change permitting foreign ownership in Saudi-listed companies that own real estate assets in the holy cities of Makkah and Madinah. Previously, such ownership was prohibited due to restrictions on property in the two cities. Under the new regulation, non-Saudi investors—whether individuals or institutions—can now own up to 49% jointly of shares or convertible debt in these companies.

The CMA also recently published a framework for a new offshore license, intended to allow financial institutions to conduct securities business through a regional headquarters. While still pending implementation, this initiative aims to position the Kingdom as a regional and global financial hub for securities.

This Offshore Securities Business License will enable licensed institutions to carry out securities activities, as well as manage investment funds that invest in securities within the Kingdom. These services may be provided to foreign clients outside the Kingdom, in addition to a specified category of local clients.

Additionally, the license will allow its holder to invest in the Saudi capital market without the need to meet the qualification requirements typically imposed on qualified foreign investors. In addition, this license will enable its holder the access to a broader client base, including transactions with sovereign investment funds such as the Public Investment Fund, which manages over SAR 3.5 trillion in assets in 2024, as well as pension funds within the Kingdom.

The offshore licensees and structure also present other benefits to developing and establishing private investment funds in Saudi Arabia. Offshore licensees will have flexible contractual terms as they will focus on addressing a complex and sophisticated investment needs.

Taken together, these reforms represent one of the most comprehensive efforts among emerging markets to integrate with global capital flows. The CMA’s approach—measured, regulatory-driven, and clearly aligned with Vision 2030—has generated confidence among international investors. While challenges remain, particularly in implementation and investor onboarding processes, the trajectory is clear. Saudi Arabia is building a market that not only attracts foreign capital, but retains it through stability, structure, and institutional trust. As the offshore licensing regime moves toward activation, it stands as the latest signal that the Kingdom’s financial sector is not just open—it is competing.

Contact:
Capital Market Authority
Communication & Investor Protection Division
+966114906009
+966557666932
[email protected]
www.cma.org.sa

GlobeNewswire Distribution ID 9457816