Cornish ISP Wildanet has secured £35 million from UK Infrastructure Bank to expand their fibre-to-the-premise network. This funding aims to connect an additional 20,000 homes and businesses in Cornwall, enhancing connectivity and driving economic growth.
Global InterXchange (GIX) has unveiled a state-of-the-art dark fiber route across the Hudson River, the first in 20 years. Connecting key hubs in New York and New Jersey, this network utilizes advanced fiber technologies to offer ultra-low latency and high-speed connectivity.
Hyperoptic has secured a significant £150 million investment from the UK Infrastructure Bank (UKIB), accelerating their fibre-to-the-home rollout. This latest funding increases Hyperoptic’s total raised this year to £255 million, bringing overall funding to £1.1 billion. The investment highlights strong support for Hyperoptic’s mission to deliver ultra-reliable, hyperfast full fibre broadband.
Freshwave, in collaboration with CommScope, has unveiled a revolutionary small cell solution that merges 4G from all four UK mobile network operators into one system. Using CommScope’s ONECELL technology, the Omni Network by Freshwave ensures indoor LTE and 5G connectivity.
LiveOak Fiber, a regional broadband service provider, has secured USD 250 million in financing to expand its fiber network in underserved Southeast U.S. communities. Since June 2022, LiveOak has rapidly grown, investing over USD 200 million and deploying 1,000 miles of fiber. This funding will enhance connectivity and bridge the digital divide.
Nexperia, a leading semiconductor manufacturer, has announced a $200 million investment to enhance its production capabilities at its Hamburg facility. The funds will be used to develop next-generation wide bandgap (WBG) semiconductors, such as silicon carbide (SiC) and gallium nitride (GaN), and to expand the production of silicon (Si) diodes and transistors.
Singtel and KKR are set to invest $1.3 billion for a minority stake in ST Telemedia Global Data Centres (STT GDC), marking the latest significant investment in the data center sector. The companies will initially acquire S$1.75 billion (US$1.3 billion) in redeemable preference shares and warrants, with a plan to invest an additional S$1.24 billion once the warrants are fully exercised.
Microsoft plans to invest €6.7 billion ($7.16 billion) in developing data centers in Aragon, Northeastern Spain. The tech giant has filed for a construction permit to establish its facilities near Zaragoza, according to the local Spanish newspaper El Heraldo.
Lightpath, a prominent all-fiber connectivity provider, has announced its agreement to acquire most of United Fiber and Data’s (UFD) assets. This acquisition, pending regulatory approval, is anticipated to be finalized in the third quarter of 2024.
The 2Africa subsea cable, touted as the world’s largest, now includes a direct connection to the UK thanks to Vodafone’s involvement. This ambitious project highlights significant global collaboration, with key partners including Bayobab, Center3, China Mobile International, Meta, Orange, Telecom Egypt, and WIOCC. The inclusion of both US and Chinese interests is particularly remarkable, showcasing cooperation despite ongoing geopolitical tensions.
