EXA Infrastructure, the largest dedicated digital infrastructure platform connecting Europe and North America, today announced the extension of its network in the Mediterranean, linking Crete with mainland Greece via a second diverse submarine route as part of its ongoing strategic investment to accelerate its customers growth.
Telefónica, the notable Spanish telecom giant, is hinting at sizable workforce reductions. Yet, figures conflict between reports, leaving uncertainty about the affected employee count. Amidst global economic instability, these layoffs align with Telefónica’s strategic shift to prioritize cash generation and operational excellence. Such a move echoes other industry leaders’ recent job cuts, suggesting a broader trend.
Cellnex, the infrastructure titan, is considering the sale of tower assets in Austria and Ireland in a push to offload financial burdens and deepen roots in the European market. This shift in focus, triggered by last year’s UK Hutch deal completion, aims for organic growth, investment-grade rating, and debt management via strategic divestments. CEO Patuano hints future cash generation post 2027 and potential interest in bidding for Deutsche Telekom’s GD Towers business, crafting a more efficient operational blueprint.
Vodafone’s potential sale of its Italian operations to Fastweb amid TIM’s anticipated network sales sets the scene for a transforming Italian telecom landscape. Amid these changes, Fastweb’s potential merger or acquisition of Vodafone appears rational due to current market dynamics. Nonetheless, political wrangling, rival suitors, and ever-changing regulatory landscapes act as potential roadblocks to this merging of forces. The news underlines the need for strategic shifts amongst Italy’s leading telecom operators amidst significant changes.
In a strategic move to bolster its European presence, nLighten, the digital infrastructure platform under the umbrella of I Squared Capital, a renowned global infrastructure investor, has successfully acquired Gyro Center (“Gyro”), a high-performance data center situated in Amsterdam. This acquisition marks a significant stride for nLighten as it progresses towards realizing its ambition of establishing and operating the foremost data center platform in Europe.
Distinguished selections, momentous awards, and unprecedented telecom innovations marked the recent proceedings. Notably, Telia Company’s Global IoT Connectivity solution won the B2B Service of the Year, while PT Telekomunikasi Selular took laurels in the Digital Transformation Programme category.
In a significant move, Australia has auctioned off 3.4 GHz and 3.7 GHz spectrum bands, amassing a considerable A$722 million. Telstra emerged victorious, with plans to enhance its 5G offerings, notably in rural Australia. However, Telstra’s rivals also secured frequencies, with speculation around their strategic plans. ACMA chair affirmed the benefits of this allocation for digital connectivity and competition, reflecting the shared optimism of telecom regulators and companies.
Greek telecommunications heavyweight OTE appears to be changing course, with whispers abuzz of pivotal shifts in its future business plans. The rumored centerpiece is the potential sale of its Romanian mobile operations, Telekom Romania Mobile, to Quantum Projects Group. This points towards a strategic refocusing on OTE’s extensive Greek operations, signaling a departure from the international stage.
Artificial intelligence pioneer, OpenAI has reversed its decision to dismiss its CEO, amidst signals of internal unrest and potential alliance with Microsoft. While OpenAI’s reinstatement of Sam Altman hints at a desire for stability, speculation abounds around Microsoft’s role and possible influence over OpenAI’s trajectory.
Global mobile core network market’s slowest quarterly growth since 2017, according to Dell’Oro, is attributed to tough political and economic conditions and slower 5G network rollouts. Distinctively unstable trends mark the sector, with Huawei holding the lead in provider rankings for Q3.
