Altice Group strategically eyes shedding its 50.1% sharing in XpFibre, triggering a ripple of interest from major players like KKR & Co., Macquarie Group, and others. While KKR & Co, Macquarie Group, and CDPQ are all reported to be keen on acquiring the stake, no financial bids have surfaced to date. Meanwhile, Altice Group’s decision to divest isn’t surprising, given its $60 billion debt, and recent considerations to sell other assets.
The fate of Altice Portugal, a leading player in Portugal’s telecom industry, is trending thanks to its substantial market stronghold. Now on the sales block, its potential buyers include Saudi Telecom Company amongst others. Its divestment strategy is part of a broader aim to alleviate the significant debt of Altice Group. However, recent scandals encircling Altice’s co-founder have added layers of complexity to the unfolding story.
Telefónica, a Spanish operator group, is set to acquire the remaining shares of Telefónica Deutschland, taking a decisive leap in consolidating their place in the European telecom sector. This bid, however, isn’t without its potential hurdles. For stakeholders to see potential, they need to be convinced the company’s predicted growth won’t overshadow the offered price. Meanwhile, a surprising twist comes into play as Saudi operator group, STC, expresses its interest to buy a stake in Telefónica, triggering a wave of political interest in Spain.
Telecom alliance Alaian is partnering with chip manufacturer Qualcomm to empower start-ups specializing in Extended Reality (XR). The alliance, comprising of seven telecom giants along with towerco Cellnex, targets initiatives involving metaverse, virtual platforms, and various services or applications from all over the globe. Despite a lukewarm response to the metaverse and the disappearance of mixed reality from the limelight, the conglomerate remains optimistic. Future XR experiences can greatly benefit from the expertise and resources provided by co-operating with Qualcomm.
GSMA welcomes China Mobile, China Telecom, and China Unicom to the Open Gateway initiative, aiming to enhance services and boost 5G connectivity through API-driven single access points. Collaboration between operators, developers, and cloud providers promises new opportunities and transformative benefits.
The multinational telecommunications company, Vodafone, has committed to reduce its global carbon footprint that is generated as a result of its business operations to net zero by 2040. The company has already outlined a number of actions to reduce the environmental impact of its activities. It has set a new goal of stricter targets for the wider business and related third parties. As stated by the company, by 2030 all carbon emissions from its activities and the energy purchased and consumed will be eliminated. Vodafone has also committed itself to halving the use of its carbon footprint from Scope 3 sources, including joint ventures, all supply chain purchases, products it has sold and business travel by 2030. The group plans to completely eliminate emissions from Scope 3 by 2040. This plan will shorten the original projections by ten years, as the operator initially set a net zero target…
Facebook, telcos to build a huge subsea cable for Africa and the Middle East Facebook, together with a group of telecom companies, including Vodafone, Orange, STC, China Mobile International, MTN GlobalConnect, Telecom Egypt, and WIOCC, will build a subsea cable system that is claimed to be one of the largest in the world. The project is called 2Africa and will cover 37,000 km of cables interconnecting Europe (eastward via Egypt), the Middle East (via Saudi Arabia), and 21 landings in 16 countries in Africa. The system is expected to go live in 2023/4, delivering more than the total combined capacity of all subsea cables serving Africa today, with a design capacity of up to 180 Tbps. Read more at https://tinyurl.com/yahgfe8g Workvivo raises $16 million to reinvent the intranet in the age of Slack and Zoom The Irish startup Workvivo, an employee communications platform, has raised USD 16 million in a Series A…
