Cellnex Telecom, a leading passive infrastructure specialist, has unveiled plans to bolster its operations by venturing into land acquisition. The move aims to secure the areas surrounding its mobile sites, providing greater stability in future costs.
President Yoon Suk Yeol recently detailed South Korea’s aggressive moves to establish its supremacy in the global semiconductor sector, including a staggering $6.94 billion commitment to AI by 2027. Amid fierce competition, South Korea’s largest telecom firm, SK Telecom, is paralleling governmental efforts with its own investment in AI firms.
Google’s ambitious $1 billion investment, partnered with NEC, aims to redefine digital connectivity between the United States and Japan through two subsea cables. As part of the Japan Digitization Initiative, these advancements promise not only improved data routes, but also crucial geopolitical advantages.
Salvador Technologies, a leading provider of cyber-recovery solutions, has gained substantial investment from European telecommunication giant Deutsche Telekom. The investment, by Deutsche’s hubraum Fund, aims to bolster emerging tech businesses, with Salvador planning to use the funding to advance its sales distribution, focusing on mitigating the impact of cyber-attacks.
Amid the AI giants like Google and Microsoft, stands Amazon with its prolific investment of $2.75 billion in San Francisco’s AI startup, Anthropic. This strategic venture is Amazon’s biggest external contribution since its establishment. In return, Anthropic pledges to use Amazon Web Services as its chief cloud solution, employing AWS’s state-of-art infrastructure for their AI models. With $7.3 billion funding recently, Anthropic is galvanizing investors globally.
In an unexpected strategy shift, VEON is offloading its stake in Beeline Kyrgyzstan to CG Corp Global’s associate. The monumental telecom deal, setting the business’s value over three times its forecasted EBITDA for 2023, awaits regulatory approval. Amidst this change, Beeline Kyrgyzstan forges ahead in growth, promising patrons sustained exceptional digital solutions.
LogRhythm, the company helping security teams stop breaches by turning disconnected data and signals into trustworthy insights, expands its presence in India with a dedicated 24/7 support center for eligible customers and launch of its leading cloud-native security information and event management (SIEM) platform, LogRhythm Axon. The strategic expansion enables Indian organizations across industry verticals to enhance their cybersecurity maturity as global cyberthreats become more sophisticated and diverse.
The global enthusiasm for artificial intelligence (AI) is set to significantly boost spending in edge computing infrastructure and services, with projections from IDC indicating a jump to $232 billion this year, marking a 15.4% increase from the previous year. This surge reflects the growing demand for technologies that facilitate faster and more efficient data processing closer to the source of data generation.
Vantage Data Centers, a large-scale data center specialist, has achieved a pioneering financial transaction in Taiwan, acquiring a $64 million loan from CTBC Bank and Cathay United Bank. This monumental move, to establish a significant data center in Taipei, underscores a transformative shift for Taiwan into a crucial digital infrastructure hub.
By the end of this decade, the global number of 5G connections is expected to surge to 5.5 billion, positioning 5G as the leading mobile technology by 2028. This forecast comes from the latest research released by the GSMA. Despite a significant phase of investment in the 5G network already behind us, the mobile industry is set for continuous financial commitment towards enhancing this technology in the coming years.
