Prysmian, a leader in the energy transition and digital transformation, and a major employer in the Lexington, South Carolina area, has won its trade secrets case against its competitor Sterlite Technologies, Inc. and Prysmian’s former executive, Stephen Szymanski.
The UK Government will make an investment of up to £800 million to upgrade broadband infrastructure for 312,000 rural homes and businesses across England, Scotland and Wales.
The injection aims to close the digital divide that has left many remote areas with slow internet speeds.
Nokia has launched a share buyback program to return EUR 600 million ($655 million) of cash to shareholders in tranches over a two-year period.
The first phase of the scheme started on 20 March 2024. However, on July 19, 2024, the telecoms giant decided to accelerate the pace of repurchases, increasing the number of shares to be bought back within the year.
As detailed in the Company's Annual Report and Annual Results Presentation published on 18th July, the Company is in discussions with its financial stakeholders regarding the terms of a potential extension of the maturities of the Company’s secured debt, being Revolving Credit Facilities (“RCF”) maturing November 2024 and Senior Secured Notes (“SSN”) maturing February 2025.
Paris, 9 August 2024 - Eutelsat Group has entered into exclusivity and signed a put option agreement with the EQT Infrastructure VI fund (“EQT”) with respect to its passive ground infrastructure assets.
Bharti Global will become BT’s biggest shareholder after buying a 25% stake, worth US$4 billion from Altice.
The Indian tech and telecoms giant said it would buy 9.99% immediately, with the remainder subject to regulatory approval.
The 5G Innovation Region (5GIR) programme has seen 10 regions throughout the UK receive a share of £36m of funding as part of our wider programme to drive 5G adoption. With a focus on key sectors where there is local capability and opportunities, the projects aim to enable the UK to take full advantage of the transformative effect that advanced wireless connectivity and digital technologies can provide.
FRANC was the first intervention DSIT announced from the Open Networks Programme in 2021. A total of 14 projects were funded to support the goals of the Government’s 5G Supply Chain Diversification Strategy by helping to incentivise the industry to create new products and services to unlock the full potential of Open RAN.
These projects have enabled a wide range of organisations to focus on developing technical solutions such as:
The current hypergrowth in GPUs and other accelerator chips for AI in the cloud and the data center will eventually slow down but not until it has transformed the industry, finds the latest edition of Omdia’s AI Processors for Cloud and the Data Center Forecast.
The European Artificial Intelligence Act (AI Act), the world's first extensive and far-reaching legislation on AI, has come into force. Its purpose is to ensure that AI developed and used in the European Union’s member states is trustworthy and thus the Act is hedged around with comprehensive safeguards to protect people’s fundamental rights.