Development Capital has announced a €6 million investment in Internet Protocol Telecom Limited (IP Telecom), a leading Irish provider of cloud-based voice over internet protocol (VoIP) and unified communications telephony services to SME & Enterprise customers in Ireland. The minority investment will be used to accelerate the company’s organic and acquisitive expansion plans in the business telephony sector, with intention to increase annual revenues from a forecast of €6m in 2023 to €11m in FY2024. The investment in IP Telecom brings Development Capital’s total investments in Irish SME’s to €100m since 2013.
As companies globally adopt innovative strategies, leveraging considerable commercial benefits from their 5G investments is at the forefront. Pioneered by Chinese service providers, the paradigm shift towards traffic value-based operations has significantly enhanced revenue. Unique 5G experiences such as ultra-high speed and low latency have unlocked new function scenarios, exemplified by the booming live broadcast industry in China. Meanwhile, European and Middle East counterparts effectively implement rate-based charging models, showcasing the versatility of the 5G platform. This status quo suggests that as we advance, the necessity to adapt traffic value-oriented operations for effective monetization becomes paramount, opening new revenue vistas and novel business models.
Italy’s Ministry of Enterprise proposes €1.5 billion in support for the nation’s telecom sector, including tax breaks and funding for fiber upgrades, potentially revitalizing the struggling industry and fostering a competitive environment.
Two of the main key players in South African mobile operators, MTN and Vodacom, have shown interest in investing in the Ethiopian company Ethio Telecom. Both companies have invested in many countries on the continent. Ethiopia was not one of them as the government wanted to keep this sector under its control. But their policy is changing and they have decided to consider opening Ethio Telecom’s capital to investors. According to MTN, “Ethiopia presents many exciting telecommunication opportunities and we look forward to further discussions with that nation’s authorities on potential partnerships and opportunities.” and Vodacam stated that it “has said on many occasions that Ethiopia is an attractive market so it follows that there would be interest. Naturally this is dependent on what might become available and if it fits within our investment parameters.” Abiy Ahmed, Ethiopian new Prime Minister, came to power with promises of reforms. This policy…
In a bold move, Microsoft has announced a hefty $2.1 billion investment in Spanish AI and Cloud infrastructure, sparking an unparalleled alliance with the Spanish government. The aim is to enhance citizen services, spark AI innovation and bolster national cybersecurity. Beyond the technological edge, this venture could also boost Spain’s GDP by €8.4 billion and generate around 69,000 jobs by 2030.
VMO2 faced a substantial loss of £3.3 billion in 2023, worsened by a £3.1 billion goodwill impairment rooted in increased capital costs. While their debt soured under challenging economic conditions, they still managed to attract 64,000 new broadband and 47,000 mobile customers. Nevertheless, revenues witnessed a slight tumble as consumer fixed income dipped and the B2B sector lagged.
In a significant move to bolster innovation and development in mobile network technology, the US government, through the National Telecommunications and Information Administration (NTIA), has allocated $42.3 million to support research in Open RAN. This investment is part of a larger $1.5 billion Public Wireless Supply Chain Innovation Fund aimed at enhancing the Open RAN ecosystem. Leading the charge are telecom giants AT&T and Verizon, in collaboration with a consortium that includes notable academic institutions, industry manufacturers, and international telecom operators NTT DoCoMo from Japan and Reliance Jio from India.
LogRhythm, the company helping security teams stop breaches by turning disconnected data and signals into trustworthy insights, has expanded its partnership with e-finance, a subsidiary of e-finance Investment Group to deliver secure digital transformation in Egypt. The strategic expansion of the partnership sees the integration of LogRhythm into e-finance’s cloud computing platform. e-finance’s customers across critical industries including fintech, government, and healthcare gain access to LogRhythm SIEM to uncover threats, mitigate attacks, and scale their business with confidence.
Telefonica, a leading international mobile operator, has made a strategic investment in Mitiga Solution, a pioneering firm dedicated to the management of climate-related risks. This move signifies a major step in combining advanced climate science with artificial intelligence to offer innovative solutions for assessing environmental risks.
In response to the soaring global demand for fast, secure connectivity, China Mobile International Limited (CMI) is significantly investing in four new submarine cable systems. These systems promise to robustly service the substantial growth in mobile data usage in quickly digitising regions such as Africa. However, as aging cables become outdated, the race is on for fresh investment to keep pace with customer needs and the rapid development of next-gen technologies.