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T-Systems, OVHcloud partner to develop European public cloud platform

2020-09-14 14:26:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom's subsidiary T-Systems and France-based OVHcloud signed a partnership to develop a public cloud platform to deploy in Germany, France and other European markets. The initiative follows the launch of the European Cloud project Gaia-X. The German Federal Minister of Economics Peter Altmaier recently introduced the second step of the European Cloud project Gaia-X with his colleague, the French Minister of Economy Bruno Le Maire. 

Tags: public partner develop european


Searchlight to invest USD 425 mln into Consolidated Communications

2020-09-14 14:14:00| Telecompaper Headlines

(Telecompaper) Investment firm Searchlight Capital Partners has agreed to hoist its stake in Consolidated Communications to 35 percent for a total of USD 425 million. The deal has been approved by the board of directors of Consolidated, which will use the money to accelerate fibre deployment and to reduce debt.

Tags: communications usd invest consolidated


Bredband2 makes buy-out offer for A3 to create operator with 15% of Sweden's fibre connections

2020-09-14 09:53:00| Telecompaper Headlines

(Telecompaper) Swedish data communication and security services provider Bredband2 said it has issued a public buy-out offer to shareholders in telecommunications operator A3. The offer has been accepted by holders of nearly 72 percent of shares. The merged company with approximately 450,000 fibre connections and a 15 percent market share would be led by Bredband2 CEO Daniel Krook and there is likely to be some staffing overlap.

Tags: create offer makes connections


STC fails to strike deal on buying Vodafone Egypt stake

2020-09-14 09:11:00| Telecompaper Headlines

(Telecompaper) Saudi Telecom Company (STC) said no agreement has been reached to buy a 55 percent stake in Vodafone Egypt, but the parties have agreed to keep the dialogue open. The company said in a bourse statement there was a "misalignment" among the parties involved. 

Tags: deal buying strike egypt


Nvidia buys Arm for USD 40 billion

2020-09-14 09:03:00| Telecompaper Headlines

(Telecompaper) Nvidia announced a definitive agreement to buy Arm from SoftBank for USD 40 billion, minus Arm's IoT Services Group. Nvidia founder and CEO Jensen Huang said the deal will unite Nvidia's AI computing with Arm's CPU expertise to create an AI superpower and advance computing from the cloud, smartphones, PCs, self-driving cars, robotics, 5G and IoT. It will also expand Nvidia's developer reach from 2 million to over 15 million software programmers. 

Tags: usd arm billion nvidia


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