Google said on Monday it planned to invest about 600 million euros ($672 million) in a new data center in Hamina, Finland.
(Telecompaper) South African operator Telkom Group reported operating revenue up by 5.3 percent to ZAR 41.8 billion for the year ended 31 March. EBITDA increased by 8.5 percent to ZAR 11.3 billion, which can be attributed to ongoing sustainable cost management. The EBITDA margin expanded by 0.8 percentage points to 27.1 percent.
(Telecompaper) Italian state lender Cassa Depositi e Prestiti (CDP) is considering the possibility of selling its 50 percent stake in wholesale operator Open Fiber to Telecom Italia (TIM), which would issue shares in return for the holding, according to unnamed sources cited in Il Messaggero. The move would allow TIM to merge its fixed network with that of Open Fiber with a view to avoiding infrastructure duplication, said the report, adding that CDP executives have discussed the transaction with TIM's leading investor Vivendi.
(Telecompaper) Chip designer Arm launched a new generation of products for smartphones: the Arm Cortex-A77 CPU, Arm Mali-G77 GPU, and Arm Machine Learning processor. The Cortex-A77 delivers advanced machine learning and AR/VR experiences thanks to a 20 percent IPC performance improvement over Cortex-A76 devices, the company said. The Mali-G77 features the new 'Valhall' architecture, delivering a nearly 40 percent performance improvement over the previous Mali-G76 used in devices today.
(Telecompaper) Facebook is finalising plans to launch its own crypto-currency in 2020 and has already held talks with Bank of England governor Mark Carney, reports BBC News.
Google owner Alphabet Inc said it would invest 600 million euros ($672 million) in a new data center in Hamina, Finland, it said, according to a report by Finnish STT news agency on Monday.
Lighter touch online contrasts with nationalist rhetoric against US in state press
(Telecompaper) The video market was in focus last week, and all aspects of it. Our media index was down 2.1 percent, underperforming the S&P 500, which lost 1.2 percent. Adevinta, recently spun off from Norwegian Schibsted, was the week's winner after gaining 14 percent, apparently without significant news. The heavyweights Alphabet (-2.5%) and Facebook (-2.3%) led most stocks lower, leading to a dismal performance for the week.
(Telecompaper) Network investments and complicated mergers left a mark on the European telecoms sector in week 21. However, our telecoms index managed to outperform the broader market. The TPSI European Telecoms Services was down just 0.6 percent, whereas the EuroStoxx 50 lost 2.2 percent. A few micro caps did well, including Icelandic Syn (+8.4%) and German Ecotel (+6.8%). Telefonica Deutschland was the biggest loser (-11%), apart from penny stock Forthnet (-13%).
Japan's government said on Monday that high-tech industries will be added to a list of businesses for which foreign ownership of Japanese firms is restricted.
TikTok owner hopes preloaded apps will spur sales but telecoms analysts are sceptical
A ‘honeymoon-hangover effect’ hits workers who change jobs, as their satisfaction peaks and then declines
Apps nudge addicts towards recovery and steer them away from risky contacts
Food technologies-focused Finistere Ventures and three Israeli firms said on Monday they formed a partnership that would invest up to $100 million in agrifood startups in Israel.
Japan's government said on Monday it will add from August the information-technology and telecommunication sectors to a list of industries for which restrictions on foreign ownership of Japanese firms apply.
Huawei Technologies' founder and Chief Executive Ren Zhengfei told Bloomberg https://bloom.bg/2HT7DUY that retaliation by Beijing against Apple Inc was unlikely and that he would oppose any such move from China against the iPhone maker.
The presidents of Peru, Colombia, Ecuador and Bolivia criticized a recent decision by the organization that manages internet protocol to grant global retailer Amazon Inc the rights to the .amazon domain.
NPR's Michel Martin speaks with Thomas Rid, professor of strategic studies at Johns Hopkins University, about how hackers are using software developed by the NSA to attack government computers.
Companies complain that the tech giant may take their business as it has in retail
Co-founder of King, owned by Activision Blizzard, will become chairman