At the Submarine Networks EMEA Conference in London, IOEMA Fibre introduced a new submarine cable that will link key markets across Northern Europe. The 1,400km cable, equipped with repeaters, will connect the UK, The Netherlands, Germany, Denmark, and Norway.
Brussels witnessed a momentous occasion as the Gigabit Infrastructure Act received its final approval from the European Council on Monday. This legislation, eagerly awaited and heavily debated, is set to become enforceable within days, marking a significant milestone for connectivity development across the European Union’s 27 member states.
NEC launches “NEC cotomi Pro” and “NEC cotomi Light,” advanced gen AI models. Lumos will be acquired by a joint venture of EQT and T-Mobile to expand high-speed internet access. CEA-Leti leads EU projects 6G-DISAC and 6G-GOALS, revolutionizing 6G technology through smart networks. Sanas obtained a patent for its Real-Time Accent Conversion AI Technology, enabling call center agents to adapt accents and reduce background noise. GlobalData’s report highlights how startups are innovating in AI-driven medical diagnostics, IT management, and financial operations.
In a significant move aimed at reducing its hefty debt, Altice has decided to offload its French media operations to the maritime giant CMA CGM for €1.55 billion. The deal, structured as a cash transaction, sees CMA CGM acquiring an 80% share, while the remaining 20% goes to Merit France, a holding company related to the shipping group. This strategic sale encompasses Altice Media, the parent company of the well-regarded news channel BFM and RMC, a radio broadcaster.
Fastwyre Broadband, a legacy communications company, is investing $65 million into amplifying its fiber-optic infrastructure throughout Louisiana. The objective is to deliver unparalleled internet speeds, championing both residential and business connectivity requirements. CEO, Chris Eldredge, outlined the company’s profound commitment to fostering digital empowerment within local communities.
In a significant move to bridge the digital divide, Colorado is investing $113 million from its Capital Projects Fund (CPF) in 27 broadband projects. These initiatives aim to connect nearly 19,000 homes and businesses, underscoring the state’s commitment to improving internet access.
The Idaho Broadband Advisory Board (IBAB) has approved the allocation of $120 million from the Idaho Capital Projects Fund to support 18 broadband initiatives, providing a significant boost to over 30,000 homes and businesses across the state. In collaboration with the state government, the advisory board strategically targeted projects to enhance crucial areas including distance learning, telehealth, telework, economic development, and public safety.
Elliott Investment Management criticizes Crown Castle’s underperformance, pushing for an overhaul, including a new leadership team and board. Boldyn Networks activates a ‘small cell’ near King’s Cross, partnering with EE to boost coverage and speed in London. AWS expands Amazon Bedrock with new generative AI features, including leading models, customization options, and safeguards. Windstream’s Kinetic is launching a $32.5 million fiber project in Georgia, partnering with an electric cooperative, aiming to connect 17,000 homes and businesses in Colquitt County.
Mitratel is significantly expanding its telecom mast portfolio with the purchase of 803 towers from Gametraco Tunggal, marking a strategic move beyond Java Island. This $113 million acquisition not only increases Mitratel’s infrastructure landscape but also welcomes 1,327 new tenants. The company’s ongoing investment in fiber optic networks aims to enhance tower operations, and crucially support the anticipated deployment of 5G networks in Indonesia.
Indosat Ooredoo Hutchison’s recent acquisition of MNC Play marks a strategic expansion into the fibre-to-the-home market, promising new options for customers and advancement in Indonesia’s digital transformation. Inclusion of MNC Play’s fibre optic network into the IOH portfolio fortifies their position in the market.
