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Altitude Infrastructure raises EUR 500 mln, unveils EUR 2.5 bln fibre investment plan

2020-09-17 10:27:00| Telecompaper Headlines

(Telecompaper) French fibre operator Altitude Infrastructure has announced that its subsidiary AI THD has raised EUR 500 million in equity and junior debt to fund fibre expansion and support the growth of newly acquired wholesaler Kosc. The operation consists of two transactions that should be finalised during the fourth quarter, subject to regulatory approval. A pension fund managed by the Real Assets and Private Markets division of UBS Asset Management will provide the capital raised in equity, said the company.

Tags: plan eur investment infrastructure


Facebook unveils Oculus Quest 2 VR headset, plans Ray-Ban smart glasses in 2021

2020-09-17 09:56:00| Telecompaper Headlines

(Telecompaper) Facebook introduced the 'Oculus Quest 2' VR headset at its Facebook Connect conference. Pre-orders for the new VR gadget will open on 22 September, and Quest 2 will ship 13 October. The company also entered a multi-year partnership with eyewear maker EssilorLuxottica to build and release a pair of Ray-Ban branded smart glasses in 2021. 

Tags: plans smart quest glasses


Swedish govt provides SEK 1.40 bln more broadband subsidies in 2021, reaching SEK 2.85 bln by 2025

2020-09-17 09:46:00| Telecompaper Headlines

(Telecompaper) Swedish communications regulator PTS has announced the provision of an extra SEK 1.40 billion in funding for broadband in 2021, bringing the total sum available for distribution up to and including 2025 to SEK 2.85 billion. The announcement follows the government's budget proposal for next year.

Tags: swedish reaching broadband sek


Chipmakers apply for US licences to continue sales to Huawei

2020-09-17 09:34:00| Telecompaper Headlines

(Telecompaper) Several major chipmakers have sought exemptions from the new US sanctions against Huawei, so they can continue to supply the company. These include Qualcomm, Micron Technology, Samsung Electronics, Mediatek and Macronix International, reports Caixin Global. New Commerce Department rules that went into force 15 September forbid any company whose production process involves American technology from supplying Huawei with products unless they obtain a licence.

Tags: to sales continue apply


Singapore, Apple partner on national health initiative using Apple Watch

2020-09-16 15:37:00| Telecompaper Headlines

(Telecompaper) The government of Singapore and Apple have partnered on the health initiative LumiHealth, a personalised programme to encourage healthy activity and behaviors using Apple Watch. The programme was designed by Singapore's Health Promotion Board together with Apple as part of the country's Smart Nation initiative, a national effort to leverage technology to deliver benefits to its citizens and businesses.


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