Broadcom Inc | November 10, 2021
Broadcom Inc. a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today held a Broadcom Software Investor Day, providing an in-depth overview of its infrastructure software and security software solutions.
"Broadcom is continuing to build one of the world's leading enterprise software businesses committed to customer success," . "We continue to invest in our targeted model of partnering with the largest multinational customers to provide a comprehensive portfolio of industry-leading solutions and generate sustainable revenue. With an addressable market today of more than $100 billion, Broadcom Software has significant opportunities to capitalize on a clear customer need for scalability, agility and security to power their most complex hybrid IT environments and accelerate our long-term growth."
Tom Krause, President, Broadcom Software Group
At today's event, Broadcom Software highlighted its:
Business model highly focused on strategic customers leveraging multiple solutions to drive revenue sustainability and growth: Complimentary product portfolio across infrastructure and security software serving 80% of the Fortune 500 and maximizing partnerships with strategic customers, who represent more than 70%1 of annual recurring revenue and approximately 80%2 of whom are licensed to five or more software solutions.
Strong recurring revenue base: Broadcom Software generates approximately $5.2 billion3 in annual recurring revenue, of which more than half4 is subscription and has increased more than 25% over the last three quarters. To drive improved visibility, Broadcom Software has grown both average deal duration by increasing multiyear bookings as well as the number of deals that represent more than $1 million of annualized booking value5.
Successful history of integrating acquired companies and businesses with mission-critical products: Broadcom Software has a successful history of integrating acquired companies and businesses with mission-critical products toward Broadcom's goal of building one of the world's leading enterprise software businesses.
About Broadcom Inc.
Broadcom Inc. is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions. Broadcom's category-leading product portfolio serves critical markets including data center, networking, enterprise software, broadband, wireless, storage and industrial. Our solutions include data center networking and storage, enterprise, mainframe and cyber security software focused on automation, monitoring and security, smartphone components, telecoms and factory automation.
Phoenix Tower International | October 23, 2021
Phoenix Tower International ("Phoenix") and Outremer Telecom today announced they have entered into an exclusivity agreement regarding the acquisition by Phoenix of 203 wireless towers, together with newly constructed wireless towers over 10 years across the French West Indies through a build-to-suit program. The foregoing transaction would expand and solidify Phoenix's leadership position as the largest tower infrastructure provider in the market with over 437 towers and grow its footprint across Europe and the Caribbean. The transaction will be subject to customary conditions precedents for this type of transaction. It would result in Phoenix and Outremer Telecom establishing a long-term partnership whereby Outremer Telecom would occupy the sites for at least twenty years.
"With this transaction, PTI would continue to expand its presence across European territories and its disciplined investment strategy. The increased presence of PTI, a neutral host independent tower company, in the region would facilitate increased coverage expansion for all wireless operators and ultimately enhanced connectivity for the population of French West Indies. PTI is proud to be working with the mobile network operators across the world and is pleased to have entered into advanced discussions with the Altice Group on this transaction", stated Dagan Kasavana, Chief Executive Officer of Phoenix Tower International.
I am enthusiastic about the prospect of creating a new tower partnership in the French West Indies. Phoenix Tower International would be a long-term partner of the highest quality who shares our vision to invest in leading infrastructure
Mathieu Cocq, Chief Executive Officer of Outremer Telecom
About Phoenix Tower International
Phoenix, through its subsidiaries, owns and operates over 14,000 towers, 986 km of fiber and over 80,000 other wireless infrastructure and related sites throughout Europe, the United States, Latin America and the Caribbean.
Phoenix was founded in 2013 with a mission to be a premier site provider to wireless operators across the Americas in high-growth markets. Phoenix's investors include funds managed by Blackstone Tactical Opportunities and John Hancock, as well as various members of the management team.
Choate Hall & Stewart and Dentons acted as legal advisors to PTI.
About Outremer Telecom
Outremer Telecom provides integrated fixed telephony, mobile telephony, and Internet access services for residential and business customers in Martinique, Guadeloupe and French Guiana.
Created in 1986 under the name Infotel, the group was renamed with its current name in 2000. The group was listed on the Paris stock exchange in 2007. The Altice group acquired Outremer Telecom in 2013. Following the acquisition of SFR by Altice, Outremer Telecom now operates under the SFR brand.
IT SYSTEMS MANAGEMENT
BT | November 02, 2021
BT and OneWeb have agreed terms for a new Distribution Partner Agreement, with OneWeb to provide Low Earth Orbit (LEO) satellite communication services across BT Group.* This builds on an initial Memorandum of Understanding signed in July and means BT is testing how LEO satellite technology integrates with its existing terrestrial capabilities to meet the communications needs of customers. On successful completion, BT will commence the first live trials with customers from early next year. The partnership will span a growing range of connectivity solutions around the world as well as specific opportunities for the UK market.
Business Secretary Kwasi Kwarteng said: "I am thrilled to see the UK at the forefront of this emerging technology thanks to the Government's investment in OneWeb – a crucial part of our plans to cement our status as a global science and technology superpower."
Digital Secretary Nadine Dorries said: "The agreement between OneWeb and BT will help bring fast and reliable global connectivity, from the Highlands to the Himalayas. I'm delighted these two British companies have joined forces to research the technological benefits of working together, and I look forward to exploring how this could play a role in our mission to put hard-to-reach areas in the digital fast lane."
Philip Jansen, Chief Executive of BT Group, said: "Space is an emerging and enormous digital opportunity, and this is an important step towards harnessing its potential for BT's customers across the globe. We will put OneWeb's technology through its paces in our UK labs with the goal of delivering live trials in early 2022. Delivered securely and at scale, satellite solutions will be an important part of our plans to expand connectivity throughout the UK and globally, and to further diversify the range of services we can offer our customers."
"BT has taken the lead in the recognition of LEO satellite's advantage. We are delighted as this agreement with BT Group represents an important strategic partnership for OneWeb as we continue to make progress towards our operational launch. We are excited to be playing such a key role in improving the resilience of the overall telecom infrastructure in the UK. OneWeb's connectivity platform will help bridge the last digital divides across the country and enhance the nation's digital infrastructure."
OneWeb's Chief Executive Officer Neil Masterson
OneWeb is expected to deliver global coverage by June 2022 through a constellation of 648 LEO satellites and is poised to deliver services from the North Pole to the 50th parallel, covering the entire United Kingdom, later this year. The new partnership supports BT's wider network ambition, set out in July this year, to deliver digital solutions across the entire UK by 2028, through a combination of an expanded network and 'on demand,' requestable solutions anywhere beyond. In building a converged, software-defined network, BT will leverage and integrate both terrestrial and non-terrestrial technologies to deliver on the goal of seamless, ubiquitous connectivity.
This agreement marks a clear path towards the first LEO solutions being available for customers within a year. As the next step, BT will test capabilities in its Bristol lab to demonstrate how they integrate with existing services. Current capacity levels within OneWeb satellites mean initial trials will focus on its role as a supplementary, low latency backhaul solution to sites where additional capacity or a back-up solution is required, and to deliver improved resilience for business customers. On successful completion, BT will begin early adopter trials for UK and international customers, expected early next year. As OneWeb grows their capacity, the list of future use cases could also widen, opening up the opportunity to explore the use of satellite for IoT backhaul and Fixed Wireless Access in rural areas.
The work with OneWeb shows the capabilities being developed by UK businesses in the pioneering area of space technology and follows the UK Government's recently published National Space Strategy, which recognises the enormous strategic opportunities on offer. BT, which boasts a heritage of nearly 60 years in space and satellite communication innovation, continues to explore a diverse range of partners across all its services, including space, to ensure the latest and best connectivity solutions are available for customers.