Swisscom has revealed that its Italian subsidiary, FastWeb, has sold its 4.5% stake in FiberCop to Optics BidCo, a subsidiary of KKR, for €439 million. FiberCop, formed in 2021 by Telecom Italia (TIM), KKR, and FastWeb, manages the ‘last mile’ fibre network, connecting homes to street cabinets.
Digicel Group has announced the launch of its subsea fibre cable, Deep Blue One, marking a major investment in enhancing international submarine connectivity. This development is poised to significantly improve internet and communication services across the Caribbean and South America, with French Guiana, Suriname, Guyana, and Trinidad & Tobago being key beneficiaries.
Cisco has unveiled a $1 billion fund dedicated to investing in AI startups, marking a significant move to strengthen its presence in the AI industry. CEO Chuck Robbins made the announcement at the company’s “Cisco Live” event in Las Vegas, emphasizing that the investment, though modest by AI standards, aims to foster innovative solutions and assist businesses in navigating the AI landscape.
Tech giant Microsoft is supercharging Sweden’s leap into the future with a hefty $3.2 billion investment. This two-year commitment will focus on expanding the company’s cloud and artificial intelligence (AI) capabilities within the country.
Last month, AST SpaceMobile secured a partnership with Verizon to leverage its upcoming satellite network for comprehensive connectivity across the U.S. Since then, the company’s value has surged, with its share price climbing 70%, marking its highest level since November 2022.
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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.
Verizon has entered into a $100 million agreement with AST SpaceMobile to extend satellite coverage across the United States. This partnership aims to achieve 100% geographical coverage by utilizing the 850 MHz spectrum, particularly in areas lacking traditional terrestrial service.
NTT Docomo has initiated Japan’s first experimental demonstration of a self-powered hydropower cellular base station. This project, designed to showcase sustainable and low-cost connectivity solutions for rural areas, features a hydroelectric power-generation system utilizing a jet turbine developed by Professor Yukihiro Shimatani from the Prefectural University of Kumamoto.
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.
