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Sparkle, the subsea cable subsidiary of TIM, announced the completion of its first international VPN test secured with quantum encryption. Market Watch

Sparkle, the subsea cable subsidiary of TIM, has announced the successful completion of its first international VPN test secured with quantum encryption. This milestone was achieved in collaboration with Arqit Quantum, a leader in quantum-safe encryption, and Telsy, TIM’s cybersecurity-focused company. The proof of concept (PoC) involved establishing a secure Internet Protocol (IPsec) tunnel between Italy and Germany using Arqit’s Symmetric Key Agreement (SKA) Platform.

Deutsche Telekom emerged as the latest European telecommunications giant to report robust financial results for the first quarter of 2024. Market Watch

Deutsche Telekom has emerged as the latest European telecommunications giant to report robust financial results for the first quarter of 2024. The German incumbent witnessed notable increases in revenue, earnings, and net profit, propelled by a surge in its European operations. The company’s performance underscores a positive growth trajectory amidst a competitive telecom landscape.

To bolster its presence in Europe, AWS announced an investment of €7.8 billion into the AWS European Sovereign Cloud project. Market Watch

In a significant move to bolster its presence in Europe, Amazon Web Services (AWS) has announced a substantial investment of €7.8 billion into the AWS European Sovereign Cloud project, extending through 2040. This initiative, unveiled last October, aims to establish an autonomous cloud infrastructure within the European Union (EU), operated independently to ensure data sovereignty for European customers.

Cornerstone is set to introduce a cutting-edge neutral host network utilizing smart street light technology in urban environments. Market Watch

Cornerstone, a leading passive infrastructure provider managing Virgin Media O2 (VMO2) and Vodafone’s shared mobile network, is set to introduce a cutting-edge neutral host network utilizing smart street light technology in urban environments.The partnership between Cornerstone and Signify, a Netherlands-based company spun off from Philips in 2016, will leverage Signify’s BrightSites Broadband Luminaire products. These innovative LED streetlamps act as network extenders, supporting a mesh network using 60 GHz millimetre-wave (mmWave) spectrum to facilitate 5G connectivity.

Three UK revealed its financial performance, showcasing an increase in revenue and margin while reiterating its intent for a merger. Market Watch

Three UK revealed its quarterly financial performance this week, showcasing an increase in revenue and margin while reiterating its intent for a potential merger with competitor Vodafone.

The telecommunications company disclosed a notable 9% surge in both revenue, climbing to £664 million, and margin, reaching £424 million. This growth was attributed in part to a rise in its customer base, with active customers increasing by 3% overall and active contract customers by 6%.