Tencent to Invest $70 Billion in 'New Infrastructure'

Tencent | May 26, 2020

Tencent is best-known for its WeChat messaging app and a range of popular games but is aiming to expand into business services as consumer internet growth slows and companies shift number-crunching from their own computers to the cloud. Tencent shares were 2.5% higher following the announcement. Tencent has said while cloud businesses suffered amid the COVID-19 outbreak it expected to see accelerated cloud services and enterprise software adoption from offline industries and public sectors over the longer term. "Expediting the 'new infrastructure' strategy will help further cement virus containment success," Guangming Daily quoted Tong as saying. Tencent Cloud had 18% of China's cloud market in the fourth quarter, trailing Alibaba Group Holding Ltd which commanded 46.4%, according to research firm Canalys.

Spotlight

Virtual desktop infrastructure (VDI) is virtualization technology that hosts a desktop operating system on a centralized server in a data center. VDI is a variation on the client-server computing model, sometimes referred to as server-based computing.

Spotlight

Virtual desktop infrastructure (VDI) is virtualization technology that hosts a desktop operating system on a centralized server in a data center. VDI is a variation on the client-server computing model, sometimes referred to as server-based computing.

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APPLICATION INFRASTRUCTURE

Phoenix Tower International Signs Exclusivity Agreement with Outremer Telecom to Own and Operate Tower Sites Across French West Indies

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.

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Telia and Ericsson continue to transform Nordics and Baltics with exclusive 5G alliance

prnewswire | October 21, 2020

Telia and Ericsson today revealed plans that will see next-generation 5G networks deployed across Sweden and Estonia by 2025.Telia and Ericsson have been delivering secure, fast and reliable wireless network coverage to the Nordics - and beyond - since the dawn of the mobile era. The partners are already deploying 5G across Norway, where Ericsson is also Telia's exclusive technology partner. Today's deal will modernize the existing 4G networks across Sweden and Estonia to establish fast, ultra-high capacity 5G across a network of 10,000 cellular sites in an area of more than 500,000sq km.

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APPLICATION INFRASTRUCTURE

Telit and ASOCS Collaborate on Turnkey Private 5G Networks for Industrial IoT

Telit | June 02, 2021

Telit, a global Internet of Things (IoT) enabler, today announced a collaboration with ASOCS, a leading provider of virtual Radio Access Network (RAN) solutions, to enable enterprises, systems integrators, and others to quickly develop and deploy private 5G networks for Industrial IoT (IIoT) applications. ASOCS' new 5G SA Evaluation Kit, which includes the Telit FT980 industrial data terminal, consists of all of the 3rd off-the-shelf hardware, software, and services required to enable private 5G-powered Industry 4.0 applications. Available immediately, the ASOCS 5G SA Evaluation Kit is a fully configured, turnkey network in a single box that includes: • The Telit FT980 industrial data terminal supports downlink speeds of up to 2.1 Gbps and uplinks as fast as 0.9 Gbps in Sub-6 TDD SA — ideal for a wide variety of bandwidth-intensive low-latency IIoT applications. Featuring an industrial-grade design, the terminal, based on the award-winning FN980 data card series, is purpose-built for mission-critical IIoT applications that require maximum reliability even under extreme conditions. • 5G access software and all other components necessary to implement a 5G network with no mobile operator involvement, including servers, a switch, an indoor 5G NR unit, SIM cards, and 5G network core software. • ASOCS' Cyrus 2.0 management tool, a cloud-based platform for site configuration, performance monitoring, fault management, and lifecycle management of all network elements, from the core to the radios. About Telit Telit is a global leader in the Internet of Things (IoT) enablement, with an extensive portfolio of wireless connectivity modules, software platforms, and international IoT connectivity services, enabling hundreds of millions of connected 'things' to date and trusted by thousands of direct and indirect customers worldwide. Telit continues to redefine the boundaries of digital business with over two decades of IoT innovation experience, delivering secure, integrated end-to-end IoT solutions for many of the world's largest brands, including enterprises, OEMs, system integrators, and service providers across all industries, enabling them to simplify, connect, and manage IoT at any scale.

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