Epsilon Telecommunications (Epsilon), a KT Corp. company and leading global interconnectivity provider, has appointed Damon (Young Seok) Lee as its Group Chief Executive Officer. Lee joins Epsilon with over 27 years of experience in the telecommunications and technology sectors, most recently serving as Vice President in KT’s Enterprise Business. He will lead Epsilon’s senior executive team with a focus on optimising the company’s business strategy and global growth.
Telxius, a leading global connectivity provider, has been recognized at the 2024 Data Center Market (DCM) Awards for its Derio Data Center. It has won the award for Excellence in Connectivity, providing a state-of-the-art facility near Bilbao, in northern Spain, designed to harness the potential of the subsea cables connected to it.
In a significant step towards enhancing global digital infrastructure, Telecom Egypt and Hungary’s 4iG have officially agreed to collaborate on constructing a pioneering subsea cable directly linking Albania and Egypt. This groundbreaking initiative, originally outlined in a Memorandum of Understanding last October, marks the first time such a direct connection will be established between the two nations.
In a significant development for Italy’s telecom landscape, WindTre has finalized an agreement to purchase OpNet, a renowned Italian Fixed Wireless Access (FWA) expert, for a deal worth €485 million. This acquisition not only enhances WindTre’s spectrum holdings but also integrates a pioneering 5G standalone network into its portfolio.
Telecom giant Telenor faces a considerable setback as the company braces itself for a $760.3 million blow from its investment in True Corp, spurred by a noticeable decline in share value in 2023. However, amidst this financial turbulence, Telenor maintains a positive outlook. The company affirms that this financial drawback is merely for book records and does not reflect changes in Telenor’s belief in the value of their True Corp asset.
Local government digital leaders across England, Scotland, and Wales continue to prioritize gigabit broadband rollout, viewing it as essential for connectivity improvements, despite differing opinions on 5G and a lagging focus on environmental sustainability. This was highlighted in a recent survey conducted by FarrPoint, a UK-based connectivity consultancy, which released its findings from a December 2023 study involving councils from various regions.
Zoom has unveiled a series of innovative upgrades aimed at enhancing user experience on its platform, emphasizing stronger connections, increased productivity, and seamless collaboration. The introduction of new AI Companion capabilities, alongside improvements in Zoom Team Chat, Zoom Whiteboard, and Zoom Meetings, positions Zoom as a frontrunner in leveraging artificial intelligence to facilitate workplace communication.
In a recent analysis by ABI Research, the future looks bright for neutral host providers, with projections pointing to a significant revenue increase. By the year 2030, it’s estimated that neutral host connectivity will rake in revenues of around $1.3 billion. Although the current market size remains unspecified, this figure highlights the substantial growth potential for the sector.
Neterra, a telecommunications trailblazer for nearly three decades, recently secured the prestigious ‘Best Central & Eastern European Carrier’ award at the Global Carrier Awards 2023. In an exclusive interview with Svetoslava Bancheva, the PR and Digital Communications Manager, Neterra’s evolution from providing Bulgaria’s first internet connection to becoming a global telecom solution provider unfolds. Svetoslava highlights pivotal milestones, including running submarine cables under the Danube River and the establishment of the Sofia Data Center.
In an exhilarating turn of events, telecommunications titan Ericsson collaborates with the renowned Indian Institute of Technology Kharagpur for pioneering research in AI, Compute, and Radio technology, with a spotlight on 6G development. This theoretical partnership is set to stir groundbreaking headway in fundamental and applied study in the Radio realm, significantly marking India as a technological innovation hub.
