investment
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Technology waits for no one. The data centre crunch has long been predicted by analysts, but few expected it to happen so soon.
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Recent market statistics make sobering reading for telcos. Revenue share from voice has plummeted 80% in 10 years and data revenues have all but stagnated.
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A joint venture between investment firm Harrison Street and AREP’s PowerHouse Data Centers has sold ABX-1, a 265,580-square-foot data centre in Ashburn, Virginia.
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Low latency network solutions provider Avelacom is set to expand its network infrastructure with new Points of Presence to enhance interconnectivity between the US and Mexican financial markets
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Ofcom has launched a consultation to potentially lower annual licence fees (ALFs) for certain spectrum bands which could save operators millions of pounds.
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Indonesian mobile operators XL Axiata and Smartfren are set to merge as part of a deal worth 104 trillion Indonesian Rupiah (US$6.5 billion).
Forthcoming events
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The total investment in global data centre infrastructure more than doubled in 2021 to US$53.8 billion.
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Saudi Telecom Company (stc) shares rose by almost 10% following news of a potential capital increase proposal from its board.
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BW Digital, an affiliate of BW Group, has completed its acquisition of Hawaiki Submarine Cable Limited Partnership and International Connectivity Services Limited (Hawaiki), for an undisclosed sum.
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EcoDataCenter has invested SEK 1 billion (US$106 billion) in building a new data centre.
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Triple Point investment trust Digital Infrastructure 9 has acquired a data centre in the Nordics for €135 million from Finnish data centre and cloud services platform, Ficolo.
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Global infrastructure fund Pantheon Infrastructure has invested $30 million in US wireless infrastructure operator Vertical Bridge through a co-investment vehicle managed by DigitalBridge Group.
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Princeton Digital Group has raised more than US$500 million in an equity fundraise that saw three investors backing the firm.
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IBM has increased its investment in Quantinuum, a US$300 million joint venture formed last year by Honeywell and Cambridge Quantum Computing.
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Global management consulting firm Bain & Company has published its 2022 Global M&A report which found that telecoms M&A experienced a dramatic rebound during 2021.
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Piemonte Holding and Goldman Sachs Asset Management's private credit business have completed an investment in Elea Digital, an ecosystem of six data centres in Brazil.
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The venture arm of KPN has backed UK-based Censornet, which offers what it calls autonomous integrated cloud security.
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Analysis from GlobalData claims that initial public offerings (IPOs) in the telecoms, media and technology (TMT) space increased 72% last year when compared to 2020.