Apr 04, 2024 | Posted by Abdul-Rahman Oladimeji | Sweden
Swedish telco Telia Company has confirmed in a new announcement that the sale of its Danish business unit to local energy and Internet firm Norlys has been finalized for DKK 6.25 billion ($900 million), on a cash and debt-free basis. “The sale of our Danish business marks a significant milesto...
Mar 26, 2024 | Posted by Abdul-Rahman Oladimeji | Sweden
Intelsat recently announced that it has signed a new multi-year, multimillion-dollar agreement partnership with Intelsat on its OneWeb Low Earth Orbit (LEO) constellation.This deal is valued at up to $500 million over seven years, with a firm commitment of $250m (including a previous $45m deal...
Mar 26, 2024 | Posted by Abdul-Rahman Oladimeji | Sweden
Ericsson has announced it will cut 1,200 jobs in its home market of Sweden as a part of cuts announced earlier this year, with the company citing a "challenging mobile networks market in 2024." "In addition to the headcount reduction, the cost-saving initiatives cover various areas such as red...
Oct 18, 2023 | Posted by Abdul-Rahman Oladimeji | Sweden
Swedish telco Telia Company has named Patrik Hofbauer as its new president and CEO, bringing the company's search for a CEO since July to an end. The board of directors agreed with the decision to appoint Hofbauer, and he will be leaving his role as CEO of the gambling firm Svenska Spel to beg...
Sep 11, 2023 | Posted by Abdul-Rahman Oladimeji | Sweden
Karnfull Next, a Swedish nuclear corporation, has announced plans for a campus of small modular reactors (SMRs) on the Swedish coast that will power data centers. The company intends to construct the facility in Nykoping, on the Swedish east coast, where the nuclear software company Studsvik c...
Aug 24, 2023 | Posted by Abdul-Rahman Oladimeji | Sweden
Genesis Digital Assets Limited (GDA) has established a crypto mining data center in northern Sweden. Located near the 417 MW Porjus hydroelectric power station, the current capacity of this facility is 8MW, but expansion is planned for the future. It was previously used as a 'traditional' data...
Jun 08, 2023 | Posted by Abdul-Rahman Oladimeji | Sweden
A new Swedish startup called Evroc intends to open several large data centers throughout Europe. In its pre-seed round, the company raised $13.9 million, but it hopes to raise $3.2 billion in the following two years to build and run two hyperscale data centers in Europe. Long-term, Evroc aims ...
Jun 25, 2021 | Posted by Abdul-Rahman Oladimeji | Sweden
Sweden’s Land and Environment Court at Nacka District Court has granted Google’s subsidiary, DSC International AB, permission to build a data center in Horndal, Sweden. Although Google said the land was a potential data center location when they acquired the 109-hectare site in 2017, they said...
Mar 25, 2019 | Posted by Eric Bell | Sweden
Microsoft is reportedly building two new datacenters in Sweden, according to Swedish Newspaper Gefle Dagblad (via MSN). It was previously reported in December that the company had acquired 130 hectares of land in the municipalities of of Gävle and Sandviken, near the Swedish capital Stockho...