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Meta will once again expand its data centre in Sarpy County, the company announced on Facebook. -
India’s financial regulator has fined Reliance Industries, the owner of Jio, for failing to announce Facebook’s US$5.7 billion investment. Two compliance officers were also fined.
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Five hyperscalers make up the world’s five most valuable brands, according to the latest brand-value survey, and two others are also in the top 10.
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The Singapore-based DC Alliance is to "explore the commercial viability" of a tier-rated data centre in the Republic of Palau following an MoU with the Pacific Blockchain Corporation and the launch of a Digital Residency scheme in the country.
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The US government last week recommended that Google and Meta’s undersea data cable to Asia should be approved for use.
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In news that will surprise almost nobody, Meta has confirmed it will continue to use AWS as its long-term cloud provider as it scales R&D, drives operational efficiency... and looks for more acquisitions.
Forthcoming events
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Intel Capital, the investment arm of Intel Corp (NASDAQ: INTC) has joined the growing list of global firms investing in a stake in India’s digital future.
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A net debt-free Jio Platforms is looking to lift its fortunes further with a possible public listing by 2024.
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Saudi Arabia’s Public Investment Fund (PIF) has become the 10th investor to back Reliance Industries’ Jio Platforms, taking a 2.32% equity stake for US$1.5 billion.
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What is the future of connectivity after Covid-19? And how long will it last?
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Bharti Telecom, parent company of Bharti Airtel (Airtel), has announced plans to sell a $1 billion stake in Airtel.
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Jio Platforms has raised a further US$1.5 billion after global investment firm KKR became the fifth company in as many weeks to back the Indian telco and tech giant.
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Jio Platforms is to receive another multi-million-dollar investment following news that global growth equity firm General Atlantic has taken a 1.34% equity stake in the Indian digital services platform.
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Facebook, along with a consortium of China Mobile International, MTN GlobalConnect, Orange, stc, Telecom Egypt, Vodafone and WIOCC have announced plans to build 2Africa.
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Reliance Industries Limited has launched India’s biggest rights issue to date to reduce the US$44.4 billion it holds in outstanding debt.
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Josh Frydenberg says that the government is working on a new code of conduct that will force OTTs like Facebook and Google to pay for its content.
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Analysts have welcomed Facebook’s US$5.7 billion in the services arm of India’s Reliance Industries.
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Reduced demand for electronic devices brought about by the global Covid-19 pandemic, has pushed Samsung to register its lowest Q1 profits in five years.
