The sale of Vodafone Spain to Zegona Communications has been finalized following approval from Spanish regulators. M&A

The sale of Vodafone Spain to Zegona Communications has been finalized following approval from Spanish regulators. This landmark deal, valued at €5 billion, includes €4.1 billion in cash and €0.9 billion in redeemable preference shares. Initially announced last October, the transaction received regulatory approval earlier this month. Zegona hailed the deal as the “largest ever reverse takeover.”

Telecom News | Week #22: IOEMA Fibre new project, XL Axiata cloud network, AppDirect AI marketplace launch, Cynomi vCISO platform expansion. News Roundup

A new high-capacity data backbone spanning the UK, Netherlands, Germany, Denmark, and Norway promises increased capacity and redundancy. XL Axiata and Ericsson team up to integrate 4G and 5G services into a cloud-based network. AppDirect introduces AppDirect AI, a secure marketplace allowing users to create AI apps without coding. Cynomi expands its vCISO services to European MSPs and MSSPs, prioritizing data localization.

Italtel, a global ICT company, forged an alliance with Nearby Computing, a leader in edge-to-cloud automation and orchestration platforms. Telco Buzz

In a transformative development for the telecommunications and enterprise sectors, Italtel, a global ICT company, has forged a strategic alliance with Nearby Computing, a leader in edge-to-cloud automation and orchestration platforms. This partnership is poised to expedite the deployment of 5G solutions, private networks, and edge computing, representing a major leap forward in the industry.

Sparkle entered into a strategic partnership with Tunisie Telecom to enhance international IP transit services via a new route. Telco Buzz

Sparkle, Italy’s leading international service provider, has entered into a strategic partnership with Tunisie Telecom, Tunisia’s primary telecom operator, to enhance international IP transit services via a new route from Sicily to Milan. Tunisie Telecom, a frontrunner in Tunisia’s telecommunications sector, serves over 6 million subscribers with a comprehensive array of services, including fixed and mobile telecommunications, data centers, cloud services, IoT, and managed security solutions for both individuals and enterprises.