Nscale agrees Anyscale takeover to boost workload optimisation in GPU infrastructure
GLOBAL 31 JUL

Nscale agrees Anyscale takeover to boost workload optimisation in GPU infrastructure

Hyperscale AI infrastructure developer Nscale has clinched a definitive agreement to acquire Anyscale, creators of a software layer for enhancing AI data centre workloads. Subject to conditions and regulatory approvals, the transaction should be finalised before end-2026. Financial terms were not disclosed, however Nscale will be taking on Anyscale's 200-person workforce spread across the US, Europe and India.

Belden achieves record Q2 with sales up 12%
GLOBAL 31 JUL

Belden achieves record Q2 with sales up 12%

Belden reported a record turnover of USD 750 million for the second quarter, driven by sharp growth in its automation subsidiary and modest rises in broadband platforms and smart buildings. Group sales grew by about 12 percent year-on-year and 8 percent organically. Revenues finished at the top of Belden's USD 735-750 million estimate and just ahead of Q1's 11 percent growth rate. The earnings per share was USD 1.74, up roughly 24 percent year-on-year, with net profits rising 12 percent to USD 68.5 million.

Ennoconn tender for Kontron still pending German foreign investment clearance
GERMANY 31 JUL

Ennoconn tender for Kontron still pending German foreign investment clearance

Almost 12.3 million shares in Kontron, equal to 19.5 percent of the outstanding shares, were tendered in Ennoconn's public bid for an increased stake in the company. In a statement, Kontron noted that the transfer of the shares to Ennoconn still requires regulatory approval, with Germany yet to decide on the transaction. 

Eaton Fiber secures USD 1.5 bln investment, acquires Ripple Fiber
UNITED STATES 30 JUL

Eaton Fiber secures USD 1.5 bln investment, acquires Ripple Fiber

Tillman Global and Bain Capital will invest USD 1.5 billion in Tillman affiliate Eaton Fiber to help accelerate the expansion of Verizon fibre broadband across the US. This investment, led by Bain Capital, will fully fund the takeover of Ripple Fiber and the next stage of Eaton Fiber's network roll-out. The acquisition of Ripple Fiber is the first step in Eaton Fiber's strategy to bring Verizon fibre broadband to more than one million locations outside Verizon's existing fibre network footprint.

Yondr sells majority stake in Slough data centre campus to UK pension funds
UNITED KINGDOM 30 JUL

Yondr sells majority stake in Slough data centre campus to UK pension funds

Data centre operator Yondr Group has agreed to sell a majority holding in one of its UK data centre campuses to GLIL Infrastructure, UK investment company set up by pension funds to invest in UK and European infrastructure. Yondr will remain a minority interest in the campus, and will be responsible for ongoing operational management. The deal is expected to close in the coming months. 

CityFibre looks to raise GBP 900 million for acquisitions - report
UNITED KINGDOM 30 JUL

CityFibre looks to raise GBP 900 million for acquisitions - report

CityFibre is looking to raise GBP 900 million (USD 1.2 billion) from shareholders to finance fresh acquisitions and challenge larger rivals such as BT Openreach, reports Bloomberg News citing an unnamed source familiar with the plans. Investors looking to provide fresh equity investment include Mubadala Investment, Antin Infrastructure Partners, Goldman Sachs Group and Interogo Holding, according to the report. This follows a GBP 2.3 billion financing round in July 2025. 

Singtel confirms Optus stake talks following Morrison bid reports
AUSTRALIA 30 JUL

Singtel confirms Optus stake talks following Morrison bid reports

Singtel has confirmed it is in discussions with potential investors regarding the sale of a minority stake in Optus, responding to media speculation after reports that New Zealand infrastructure investor Morrison is pursuing a significant investment in Australia's second-largest operator. In a filing to the Singapore Exchange, Singtel said it was "currently in discussions with interested parties" but stressed there was "no certainty or assurance" that any transaction would proceed. The operator said it woul

Sopra Steria raises FY revenue outlook after underlying organic growth of 5% in Q2
EUROPE 29 JUL

Sopra Steria raises FY revenue outlook after underlying organic growth of 5% in Q2

IT services and consulting group Sopra Steria has raised its full-year organic revenue growth target to 2.0-2.5 percent, up from the previous range of 1.0-2.0 percent, reflecting accelerating growth momentum in the six months to June and the outlook for the second half of the year. Underlying organic revenue growth accelerated to 5.3 percent in the second quarter, up from 4.4 percent in Q1. These growth rates exclude the revenue impact linked to SFT (Sopra Financial Technology), the group subsidiary that is

Leonardo DRS acquires US software firm Raft for USD 450 mln
UNITED STATES 29 JUL

Leonardo DRS acquires US software firm Raft for USD 450 mln

Italian technology group Leonardo, co-owner of Thales Alenia Space, said its US subsidiary Leonardo DRS has agreed to acquire software and AI company Raft in an all-cash deal valued at USD 450 million. The acquisition will help Leonardo DRS add new capabilities in open-architecture software and AI to support integrated mission systems.

Nozomi restores founding CEO to helm to guide growth under Mitsubishi Electric's ownership
GLOBAL 29 JUL

Nozomi restores founding CEO to helm to guide growth under Mitsubishi Electric's ownership

Industrial IoT and OT solutions vendor Nozomi Networks has announced the return of co-founder Andrea Carcano as chief executive. Carcano will succeed outgoing CEO Edgard Capdevielle, with Capdevielle remaining closely involved as an executive advisor to the company. Carcano's second stint as CEO heralds a new phase in Nozomi's product strategy, in light of Mitsubishi Electric's USD 1 billion acquisition of the business. 

Asset Management Corporation of Nigeria seeks buyers for ntel stake
NIGERIA 29 JUL

Asset Management Corporation of Nigeria seeks buyers for ntel stake

The Asset Management Corporation of Nigeria (AMCON) has initiated the sale of its equity stake in ntel following a major corporate restructuring, CommunicationsWeek reported. NatCom Development and Investment, operating commercially as ntel, acquired the core assets of the defunct national carrier Nitel and its mobile unit, MTel, in 2015. AMCON managing director and CEO Gbenga Alade said his organisation has begun a transparent, structured divestment process for ntel, the successor to the defunct Nitel, fol

Inherent strengthens AWS expertise with acquisition of French cloud expert Skyloud
FRANCE 29 JUL

Inherent strengthens AWS expertise with acquisition of French cloud expert Skyloud

Inherent, the parent company of French B2B operator Adista, has announced the acquisition of Skyloud, a Lyon-based company specialising in the design of cloud architectures for software developers. Since its creation in 2020, Skyloud has built significant expertise in Amazon Web Services (AWS), as demonstrated by its AWS Partner Select Tier Services and AWS Partner Public Sector certifications. Through the acquisition, Inherent aims to strengthen its public cloud capabilities in areas such as DevOps, SecOps

ITALY 29 JUL

DHH completes EUR 4 mln acquisition of Go Internet's B2B arm

Sardinia-based Tessellis (formerly Gruppo Tiscali) said it has finalised the sale of its B2B business unit to Milan-based data centre services provider DHH International. The EUR 4.2 million deal encompasses the B2B business arm of Go Internet, the latter's stake in X-Stream and Tiscali Italia's majority 74 percent stake in Aetherna.

GLOBAL 29 JUL

Qorvo reports surging Q1 profits on buoyant operational performance

Signal components maker Qorvo has announced an expansion of its bottom line of more than threefold in its first fiscal 2027 quarter to end-June. Net profits surged to USD 85.8 million from USD 25.6 million a year earlier, thanks in part to a change in the sales mix in Qorvo's Advanced Cellular Products (ACG) Group. Qorvo reported revenue expansion in double figures across its defence and aerospace, infrastructure and power delivery end markets, though its group turnover of USD 784.8 million was 4.2 percent

GLOBAL 29 JUL

Skyworks beats EPS mid-case despite lower sales in fiscal Q3

Skyworks Solutions reported revenues in line with prior guidance in its third fiscal quarter to 03 July. Group revenues of USD 935 million were 3.1 percent lower year-on-year but still finished within Skyworks' USD 900 - 950 million outlook. Skyworks CEO and president Phil Brace hailed a solid quarter for the business and noted earnings had surpassed expectations. Adjusted diluted EPS reached USD 1.08 in fiscal Q3, compared with USD 1.03 at the midpoint of Skyworks' sales guidance. The performance reflects

UNITED STATES 29 JUL

AT&T completes spectrum buy from Echostar for USD 23 billion

AT&T has completed the acquisition of spectrum rights from Echostar to help strengthen its 5G mobile network coverage. As announced in August last year, AT&T paid USD 23 billion for the 30 MHz of nationwide spectrum in the 3.45 GHz band and 20 MHz of nationwide 600 MHz spectrum.

GERMANY 28 JUL

Previder expands in northern Germany with Sysmind takeover

Dutch IT services group Odin has acquired Sysmind Service- und Vertriebsgesellschaft, a German IT services provider based in Hamburg. It will become part of Previder. Sysmind specialises in cloud, security, modern work and managed services for medium-sized organisations. No financial details of the takeover were disclosed. 

BRAZIL 28 JUL

TIM Brasil approves BRL 670 million to settle debts at I-Systems and V8.Tech

TIM Brasil's board of directors has authorised capital injections of up to BRL 670 million into two of its technology and infrastructure subsidiaries. The company will allocate up to BRL 600 million to wholesale fibre operator I-Systems and up to BRL 70 million to IT solutions firm V8.Tech. Funded entirely through TIM's existing cash reserves, the capital deployment's primary purpose is to enable the early settlement of financial obligations at both entities recently fully consolidated by TIM. By prepaying

UNITED STATES 28 JUL

Amazon Leo files FCC bid to launch D2D service by 2028

Amazon Leo plans to add another satellite constellation containing up to 5,105 regenerative direct-to-device (D2D) units, providing capacity for global D2D services in alliance with mobile network operators. At this stage, the company is filing an application with the US regulator, the Federal Communications Commission, with a view to commencing D2D services sometime in 2028. The announcement follows Amazon's definitive merger agreement with Globalstar in April, in which D2D expansion was cited as a key pri

SAUDI ARABIA 28 JUL

Mobily confirms early talks on possible towers sale to Tawal

Saudi operator Mobily has issued a statement clarifying recent media reports regarding the potential sale of its telecom tower portfolio to Tawal. The operator confirmed that preliminary discussions have taken place between Mobily and Tawal. However, the company emphasized that no memorandum of understanding (MoU) or binding agreement has been reached, aside from a standard confidentiality agreement typical for such negotiations.

FRANCE 28 JUL

Orange plans French data centre venture with Morrison to boost capacity

Orange and New Zealand-based infrastructure asset manager Morrison have agreed terms for a 50-50 joint venture that will incorporate the telecom group's data centre facilities in France. The proposed venture aims to increase existing data centre capacity nearly tenfold to 400 MW, supporting rapidly growing cloud- and AI-driven demand from Orange and Orange Business customers. The two partners said their exclusivity agreement covers a EUR 3 billion investment programme combining Orange assets, Morrison fundi

FRANCE 27 JUL

Orange rescues French 5G private network specialist Obvios after financial difficulties

The commercial court of Rennes has appointed Orange as the new owner of French 5G private network specialist Obvios, reports Ouest-France. A spin-off of research institution B<>com (formerly B.com), Obvios was established in 2022 to commercialise the 'Dome' private 5G network offering developed by its parent company. It was placed under a safeguard procedure following financial difficulties, prompting a search for a new owner to secure its long-term future.

SPAIN 27 JUL

Vodafone Spain launches rival Finetwork offer amid brand dispute

Vodafone Spain has launched a new website to market the plans of local MVNO Finetwork, despite an ongoing legal dispute with the brand's original owner, Wewi Mobile. The operator is offering services branded as "Finetwork powered by Lowi" via finetwork.es, a domain it now controls, while Wewi Mobile continues to operate through finetwork.com for a limited period.

UNITED STATES 26 JUL

Paramount agrees to delay WBD takeover until states' lawsuit heard in court

Paramount Skydance has agreed to delay closing its planned takeover of Warner Bros Discovery until a case brought by a dozen US states against the merger can be fully heard. The two must remain separate companies until at least five days after the trial is completed or 01 June 2027, whichever is earlier. 

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Background

26 JUL 23:19

The week in telecom: Samsung works on foldable challenge, US telcos try FMC

19 JUL 23:41

The week in telecom: OnePlus exits tough smartphone market and Apple takes on OpenAI

12 JUL 23:30

The week in telecom: European telcos take shape as Xavier Niel buys more of Vodafone, Telenor expands in Sweden

5 JUL 23:03

The week in telecom: Comcast gives up on vertical integration, BT and Verizon agree global alliance