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.
Dutch telecommunications operator KPN has announced a partnership with pension fund ABP to form a new joint venture, temporarily named TowerCo. This entity will manage and operate 3,800 mobile towers and rooftop sites. KPN will hold a 51% stake in the venture, with ABP controlling the remaining 49%.
In a significant move towards bolstering AI infrastructure in Asia, Japan’s KDDI and Sharp have initiated discussions with Super Micro Computer Inc. and Datasection to establish the region’s largest AI data centre. The ambitious project will be situated at the soon-to-be-closed Sharp Sakai Plant in Osaka, marking a strategic repurposing of the unprofitable facility slated to shut down in September.
Digicel Group has announced the launch of its subsea fibre cable, Deep Blue One, marking a major investment in enhancing international submarine connectivity. This development is poised to significantly improve internet and communication services across the Caribbean and South America, with French Guiana, Suriname, Guyana, and Trinidad & Tobago being key beneficiaries.
At the Submarine Networks EMEA Conference in London, IOEMA Fibre introduced a new submarine cable that will link key markets across Northern Europe. The 1,400km cable, equipped with repeaters, will connect the UK, The Netherlands, Germany, Denmark, and Norway.
