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WHTop → 📋 News → Nokia Sells Alcatel Submarine Networks to France
Jan, 2025 : Nokia Sells Alcatel Submarine Networks to France
📅 - Nokia has officially completed the sale of Alcatel Submarine Networks (ASN), a leading global provider of undersea communication networks, to the French government, represented by the Agence des participations de l'tat. The transaction, finalized on December 31, 2024, marks a strategic shift for Nokia as it refocuses its business portfolio on core markets.
As part of the agreement, Nokia retains a 20% stake in ASN and maintains board participation to ensure a smooth transition. The French government is expected to acquire Nokia's remaining stake at a later date.
This sale would align with Nokias broader strategic goals, including its June 2024 announcement of the planned acquisition of [...][... Check source for end of article ...]
📅 - Soluna Partners with Atlas Cloud for Sustainable AI Video Processing - This increases Soluna's presence in high-performance, sustainable AI computing and represents the second client acquired under the company's strategic partnership with Hewlett Packard Enterprise (HPE) GreenLake.
During this one-year agreement, Soluna will supply Atlas with 64 Nvidia H100 GPUs, with the possibility of expanding to additional ones. With its unmatched dependability and energy-efficient scalability, this cluster will serve the sophisticated AI video processing workloads of Atlas and its clients. Through this transaction, Soluna has already sold a third of its original Cluster from HPE Greenlake, indicating early progress in providing clients looking to leverage AI with [...]
📅 - Cloud-Native Tech: Enhancing UX and Application Scalability - Delivering an exceptional user experience has become essential for businesses striving to thrive in todays hyperconnected digital landscape. Cloud-native solutions are transforming the game by providing the agility, scalability, and resilience needed to meet evolving user demands.
By leveraging tools such as Kubernetes, containerization, and APIs, organizations are transforming their approach to application development and deployment, ensuring their applications are ready for the challenges of tomorrow.
Cloud-native technologies are particularly impactful in environments that utilize public and private clouds. They enable organizations to create highly scalable and adaptable applications [...]
📅 - Digital Edge Secures $1.6B for Hyperscale Data Center Expansion in Asia - Digital Edge, a Singapore-based developer and operator of interconnection and hyperscale edge data centers across Asia, has raised over $1.6 billion in capital to drive its next growth phase. The funding combines approximately $640 million in equity from new and existing investors and $1 billion in debt financing to support campus expansions.
Digital Edge is a portfolio company of Stonepeak, a prominent alternative investment firm that specializes in infrastructure and real assets. The equity round was notably oversubscribed, attracting some of the world's largest institutional investors and sovereign wealth funds as new co-investors.
The fresh capital would enable Digital Edge to [...]
📅 - Microsoft Invests $3B in India to Boost AI Innovation and Cloud Infrastructure - Microsoft is making a significant investment in India, committing $3 billion over the next two years to enhance the countrys cloud and AI infrastructure, talent development, and AI adoption. This announcement, made during CEO Satya Nadellas recent visit to India, includes plans to build new data centers and accelerate AI innovation.
The initiative would align with Prime Minister Narendra Modi's vision of a developed India by 2047, often referred to as Viksit Bharat.
Part of Microsoft's strategy involves expanding its ADVANTA(I)GE India initiative to provide AI skills training to 10 million people over the next five years. This initiative follows the program's earlier success in training [...]
📅 - Backblaze Launches New Data Center in Canada, Now Open for Business - Backblaze, a pioneer in cloud storage that offers a cutting-edge alternative for conventional cloud providers, has established a new data center location in Canada. With its new Canada East (CA East) area in Toronto, Ontario, the company is making a big step forward in its goal of providing enterprises all around the globe with high-performance and legally compliant cloud storage solutions.
The market for cloud services in Canada is growing quickly due to rising demand from sectors including government, healthcare, and finance, all of which often need data to stay within national boundaries. In the next years, the industry is anticipated to expand at a compound annual growth rate (CAGR) [...]
📅 - Trump Unveils $20B US Data Center Investment by Emirati Billionaire - Hussain Sajwani, a billionaire businessman and close associate of the Trump family, has announced a $20 billion investment in U.S. data centers through his Emirati firm, DAMAC Properties. The investment, which aims to bolster Americas standing in technology innovation, will fund large-scale data center developments across the Sun Belt and Midwest regions.
This initiative marks DAMACs first foray into the U.S. data center market, expanding its existing EDGNEX portfolio, which currently operates or plans operations in countries like the United Arab Emirates, Saudi Arabia, Turkey, Spain, Thailand, and Indonesia.
The ambitious U.S. investment aligns with the growing global demand for data [...]
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