Vodafone Idea is initiating one of India’s largest follow-on public offerings, seeking to amass roughly $2.16 billion. Placing the firm under pressure is its struggle against a decreasing market share and encumbering debt, the result of fierce competition within India’s telecommunications industry. Despite currently being hindered by its financial situation to invest in network enhancements, expectations linger for the telecom’s debut of 5G services by year’s end.
In a significant move towards enhancing developer access to advanced network capabilities, Ericsson’s Vonage has teamed up with telecommunications giant Verizon. This collaboration, formalized through a memorandum of understanding, aims to integrate Verizon’s network APIs (Application Programming Interfaces) into the Vonage platform. This integration is expected to foster deeper consumer engagement and loyalty by enabling enterprises to offer a more seamless and enriched customer experience across various stages of the customer journey.
In a strategic move set to revolutionize financial support in the telecommunications sector, Telin has joined forces with Lighter Capital, a financial ally renowned for fostering business growth. The partnership promises a tailored offer for businesses boasting a consistent Annual Recurring Revenue (ARR) of at least $200K, providing an opportunity to secure financing up to 50% of their ARR, capped at an impressive $4 million.
Nokia, the renowned network equipment manufacturer, recently joined the Ultra Ethernet Consortium (UEC). Anchored by the Linux Foundation, the UEC fortifies Ethernet technologies to satisfy the escalating requirements of AI and high-performance computing. With members such as AMD, Cisco, and Microsoft, the consortium seeks to equip Ethernet with more advanced networking functions, while maintaining its simplicity and affordability.
Emerging from the tech world, the AI Pin—an innovative, screen-free wearable gadget—incorporates artificial intelligence to facilitate verbal engagement and numerous other unique functionalities. Embedded into a shirt, it provides easy, hands-free access to information and personal communication. It features an unusual ability to support nutritional goals, leveraging computer vision technology to identify various food items. Functioning on the tailored OS, Cosmos, the AI Pin tries to simplify user interaction with AI, by veering away from the conventional method of downloading or launching apps. With no need for smartphone pairing and its claim of not eavesdropping on user’s conversations, it offers a fresh take on consumer technology.
Diving deeper into spatial computing realms, Qualcomm releases Snapdragon XR2 Gen 2 and Snapdragon AR1 Gen 1 platforms, enhancing user immersion through improved GPU performance, AI, and concurrent camera capabilities. Snapdragon XR2 aims at efficient virtual reality navigation while AR1 offers advanced features for smart glasses. However, despite the technological leap, the mass-market embrace of AR/VR innovations stays at bay. The question remains: will Qualcomm’s efforts be enough to spur the demand boost the industry awaits?
Iliad, the French telecom operator, steps up to redefine Europe’s AI landscape, unveiling a Nvidia DGX SuperPOD, the first in Europe. Aimed for their Cloud division, Scaleway, it aims to accelerate AI services for businesses while securing a technological edge. Yet, questions on ROI and sustainability lurk amidst innovation.
The surging interest in cloud-based applications represents a flourishing sector of the tech sphere, by providing an enhanced user experience and considerable savings on terminal investments. Telecommunication giant, ZTE, demonstrates this potential with their virtual STB (vSTB) solution in the television industry – a pioneering effort that bypasses traditional terminal downturns hampering TV service expansion. This solution effectively confronts challenges of limited service quality and hard adaptation processes linked with operator TV services, and eliminates sizable terminal outlays. Similarly, the cloud STB product presented by China Mobile and ZTE capitalises on China Mobile’s robust computing capacities and thus streamlines content broadcast to every terminal.
CityFibre’s full fibre network in the UK now reaches 3 million premises, a rapid expansion when considering it connected 2 million just a year earlier. Recent key milestones include securing wayleave permissions and financial support totalling nearly half a billion pounds. Technological strides include the market launch of its XGS-PON service offering potential speeds up to 10Gbps. As these advancements continue to transform broadband, stay tuned for updates.
Development Capital has announced a €6 million investment in Internet Protocol Telecom Limited (IP Telecom), a leading Irish provider of cloud-based voice over internet protocol (VoIP) and unified communications telephony services to SME & Enterprise customers in Ireland. The minority investment will be used to accelerate the company’s organic and acquisitive expansion plans in the business telephony sector, with intention to increase annual revenues from a forecast of €6m in 2023 to €11m in FY2024. The investment in IP Telecom brings Development Capital’s total investments in Irish SME’s to €100m since 2013.
