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.