Nokia has appointed Justin Hotard as its new CEO, succeeding Pekka Lundmark on April 1. Hotard, formerly at Intel, will lead Nokia’s push into AI and data centers.
Following an infamous network outage at Optus, CEO Kelly Bayer Rosmarin chooses to resign, leaving implications of disagreement over the cause behind the outage. The issue originated from a software upgrade in the international peering network, STiX, owned by Singtel – Optus’s parent company, sparking debate on whether it culpable for the interruption.
TIM explores offers for its Enterprise business, valuing the unit at over €6 billion, while the board evaluates bids for network assets. With the company’s gross financial debt nearing €32 billion, maximizing value is crucial. KKR emerges as a frontrunner, as anticipation builds for exclusive discussions lasting until late August or early September.
Ex-Vodafone CEO Nick Read joins global fiber giant EXA Infrastructure as chairman, offering leadership to drive strategic network expansion and commercial growth in the rapidly evolving telecom industry.
