Indian billionaire Sunil Mittal sold a 0.84% stake in Bharti Airtel for $976 million, with 25% going to Bharti Telecom to strengthen its control. The rest was acquired by major investors like GQG Partners and Fidelity.
In a groundbreaking move for the telecommunications sector, e& enterprise has forged a strategic partnership with PayPal. This collaboration enhances e& enterprise’s digital payments platform, empowering businesses by integrating seamless PayPal solutions.
SK Telecom saw strong growth in 2024, driven by a 19% surge in AI revenue and a 4.0% rise in AI business. With 31.8 million mobile users and strategic investments in AI infrastructure, the company is advancing its AI ambitions.
Orange and Mistral AI are collaborating to drive AI advancement in Europe. Utilizing Mistral AI’s technologies, Orange will enhance network optimization, traffic management, and personalized AI solutions.
CityFibre reported its first full-year profit in 2024, with a 34% revenue increase to £134 million. The company expanded its network to 4.3 million premises and secured £865 million from Project Gigabit.
The Iliad Group’s $3 billion investment in AI infrastructure promises a transformative leap in the telecommunications sector. By focusing on AI-centric data centers and computing resources, Iliad is setting a trend for telecom companies diving into AI.
Vodafone’s collaboration with Mobily significantly boosts IoT coverage in the Middle East. This strategic alliance enables Vodafone customers to access Mobily’s national IoT network via Vodafone Global SIMs, enhancing cross-border connectivity.
Nokia has appointed Justin Hotard as its new CEO, succeeding Pekka Lundmark on April 1. Hotard, formerly at Intel, will lead Nokia’s push into AI and data centers.
Honeywell, a major US industrial conglomerate, plans to split into three independent companies to enhance focus and agility. This reconfiguration will potentially elevate Honeywell’s market position, mirroring GE’s previous division.
Amazon is making a bold move in the AI landscape, aiming to invest $100 billion by 2025. This investment primarily targets Amazon Web Services’ (AWS) AI infrastructure, showcasing the company’s commitment to enhancing AI-driven services.
