Xavier Niel’s Atlas Investissement has proposed a $4.1 billion buyout of Millicom, a key telecom player in Latin America under the Tigo brand. Despite a rejected offer, Atlas aims to enhance Millicom’s network and distribution. Leveraging expertise from its 29% stake, Atlas seeks to drive growth and expand 4G services in rural regions.
LiveOak Fiber, a regional broadband service provider, has secured USD 250 million in financing to expand its fiber network in underserved Southeast U.S. communities. Since June 2022, LiveOak has rapidly grown, investing over USD 200 million and deploying 1,000 miles of fiber. This funding will enhance connectivity and bridge the digital divide.
Syniverse, a leading global connectivity provider, has unveiled its latest innovation, Evolved Mobility for Messaging. This solution is designed to help mobile network operators (MNOs) ensure dependable SMS message delivery for inbound roamers using various messaging protocol standards.
Oculum, a leading provider of video conferencing and unified communications solutions, has announced its membership in the Cloud Communications Alliance (CCA). The CCA is a global coalition of top cloud service providers dedicated to advancing the cloud communications industry through education, influence, and networking.
Proximus, a leading Belgian telecommunications operator, has announced a five-year partnership with tech giant Microsoft. This collaboration aims to migrate Proximus’ key platforms to Microsoft’s Azure cloud, significantly enhancing their AI capabilities.
Amazon has inaugurated a new facility in Kirkland, Washington, dedicated to the production of satellites for its Project Kuiper. This project aims to establish a constellation of low Earth orbit (LEO) satellites to provide internet connectivity.
Nokia has revealed its acquisition of Infinera, a California-based provider of optical transport networking solutions, for $2.3 billion. This strategic move aims to bolster Nokia’s presence in the North American optical networking market.
Nexperia, a leading semiconductor manufacturer, has announced a $200 million investment to enhance its production capabilities at its Hamburg facility. The funds will be used to develop next-generation wide bandgap (WBG) semiconductors, such as silicon carbide (SiC) and gallium nitride (GaN), and to expand the production of silicon (Si) diodes and transistors.
Qatar-based telecommunications company Ooredoo has announced its membership in the Nvidia Cloud Partner club, with plans to upgrade its AI data centers across the Middle East and North Africa (MENA) region using Nvidia’s Tensor Core GPUs. This move aligns with Ooredoo’s strategy to establish itself as the leading digital infrastructure provider in MENA.
China Mobile, the world’s largest mobile operator, now boasts over 500 million 5G users, according to its latest report. By the end of May, the telecom giant had 502.6 million active 5G network users, reflecting the growing adoption of this next-generation technology. This figure marks a significant milestone, as it represents actual 5G usage rather than just subscriptions to 5G plans.
