In a significant move aimed at reducing its hefty debt, Altice has decided to offload its French media operations to the maritime giant CMA CGM for €1.55 billion. The deal, structured as a cash transaction, sees CMA CGM acquiring an 80% share, while the remaining 20% goes to Merit France, a holding company related to the shipping group. This strategic sale encompasses Altice Media, the parent company of the well-regarded news channel BFM and RMC, a radio broadcaster.
The global enthusiasm for artificial intelligence (AI) is set to significantly boost spending in edge computing infrastructure and services, with projections from IDC indicating a jump to $232 billion this year, marking a 15.4% increase from the previous year. This surge reflects the growing demand for technologies that facilitate faster and more efficient data processing closer to the source of data generation.
In a notable development, Vodafone has agreed to sell its operations in Italy to Swisscom, the Swiss telecommunications giant, for €8 billion, marking a significant shift in its business strategy. This sale is part of a broader effort by Vodafone to restructure its operations across Europe, aiming for a stronger, more focused presence in growing markets.
Telecom leaders discussed the challenge of monetizing 5G. Vodafone’s ‘The Great British Telecoms Switch’ campaign offers BT customers savings and compensations to switch providers. A Pew Research Center survey found U.S. teens have a complex relationship with smartphones. Verizon’s report shows a 129% rise in mobile network traffic over 5 years. Iliad aims to become the fifth-largest mobile operator in Europe by 2024.
Internet connectivity in West Africa is in a fragile state due to substantial damage to critical undersea cables resulting in limited or non-existent service in regions including Ivory Coast, Liberia, and Benin. The impact is reportedly extreme, with ripple effects reaching as far as South Africa. Telecom giants MTN and Vodafone linked the disruptions to these cable issues.
The United Kingdom is set to enhance its semiconductor research capabilities significantly, following the government’s decision to join forces with the European Union’s Chips Joint Undertaking (JU). This collaboration marks a pivotal step in the UK’s efforts to strengthen its position in the global semiconductor arena, promising to inject new energy into its research and innovation sectors.
In a significant move for Spain’s telecom sector, the Spanish government has officially sanctioned the merger between Orange and MasMovil, following the European Union’s approval last month. This decision paves the way for the creation of Spain’s largest telecom operator, marking the culmination of a deal valued at approximately €18.6 billion.
Arelion and Telxius are collaborating to provide fully diverse, multi-terabit connectivity into Telxius’ landing stations in Boca Raton and Jacksonville, Florida. This fiber network expansion establishes Arelion Points-of-Presence (PoPs) at each Telxius landing station. For Telxius, it empowers customers with resilient Tier-1 optical transport and high-speed access to Arelion’s North American network. Together, Arelion and Telxius are making a significant investment in the Florida Peninsula to connect Latin American customers to North America through submarine and terrestrial systems.
LogRhythm, the company helping security teams stop breaches by turning disconnected data and signals into trustworthy insights, has announced the appointment of Joanne Wong as Interim Chief Marketing Officer. Wong brings a wealth of experience to her new role, proven over 9 years of driving successful marketing initiatives at LogRhythm.
The European Commission has imposed a hefty fine on Apple, surpassing €1.8 billion, for its anti-competitive practices concerning music streaming services via its App Store. This penalty stems from an investigation initiated by a complaint from Spotify, the music streaming behemoth, nearly five years ago. Accusing Spotify of greed, Apple has announced its intention to contest the fine.
