Data Center News

Waterland Private Equity to acquire MVNO Lebara

Investment firm Waterland Private Equity has revealed its plans to acquire MVNO Lebara Group by buying out Alchemy and Triton Partners, the existing owners of Lebara since 2019. The company, founded in 2001 does not own a mobile spectrum license but sells mobile services to more than four mill...

August 13, 2024

Europe

TalkTalk strikes new refinancing agreement in UK

TalkTalk has struck a refinancing deal with lenders in the UK worth £400 million. This deal will enable TalkTalk to alleviate fears it would default on payments and extend its debt maturities to 2027. A group of SSN holders, a group of RCF banks, Ares Management Funds, and the company’s major ...

August 13, 2024

United Kingdom

Swisscom deploys 300 Nokia's Drones-as-a-Service network accross Switzerland

Nokia has teamed up with Swisscom Broadcast to deploy 300 Nokia Drone-in-a-Box units to support emergency response, perimeter protection, and infrastructure inspection, as well as to protect public safety workers across Switzerland. This marks Nokia's second nationwide deployment of its Drone ...

August 09, 2024

Switzerland

Riverlane raises $75 million in a Series C funding round

Quantum engineering company Riverlane has raised $75 million in a Series C funding round led by Planet First Partners. This funding saw participation from ETF Partners, EDBI, and existing investors Cambridge Innovation Capital, Amadeus Capital Partners, the UK's National Security Strategic In...

August 07, 2024

Europe

UK Government proposes data center changes

The UK Ministry of Housing, Communities and Local Government is planning to propose reforms to the National Planning Policy Framework including around the development of data centers. With regards to data centers, the proposals would reform the way that the Nationally Significant Infrastructu...

August 02, 2024

United Kingdom

Johnson Controls in search for new CEO

Industrial machine manufacturer Johnson Controls this week announced George R. Oliver has decided to stand down as CEO, following “substantial progress on its portfolio transformation.” The Irish company is now on the hunt for its next CEO with the assistance of an executive search firm to hel...

August 02, 2024

Europe

Iceotope CEO David Craig to retire in September

Liquid cooling firm Iceotope has announced that CEO David Craig will be retiring, effective September 30 after spending nine years at the helm of Iceotope, previously serving as COO of McLaren Software and the founder of wind turbine developer Green Power partnership. Nathan Blom, chief comme...

July 31, 2024

United Kingdom

TenneT to invest up to €4.6bn in new transmission infrastructure

Dutch transmission system operator TenneT is looking to invest up to €4.6bn in thousands of kilometers of new transmission infrastructure across the Netherlands and Germany as it looks to update the grid. TenneT CEO Manon van Beek said: “To achieve the 2030, 2045, and 2050 climate milestones ...

July 31, 2024

Netherlands

Fractile exits stealth with $15 million in seed funding

AI chip startup Fractile has exited stealth with $15 million in seed funding round co-led by Kindred Capital, NATO Innovation Fund, and Oxford Science Enterprises and included participation from a number of angel investors, including Stan Boland, co-founder of Icera, and Amar Shah, co-founder...

July 28, 2024

United Kingdom

Secure I.T. Environments completes upgrade of NHS data center

Modular data center firm Secure I.T. Environments (SITE) has completed a mechanical and electrical upgrade at the data center of St Mary’s Hospital in the Isle of Wight, the UK to accommodate 14 racks with a capacity of 80kW. This upgrade will allow the Isle of Wight NHS Trust to reach its ...

July 27, 2024

United Kingdom

SingularityNet to invest in data center modules from Ecoblox

Artificial general intelligence (AGI) startup SingularityNet, which is developing decentralized and blockchain-based AI infrastructure announced that it will be investing $53 million in data center supercomputing modules. Half of this investment will be used for the creation of world’s fir...

July 25, 2024

United Kingdom

University of Innsbruck integrates quantum computer with HPC cluster

The University of Innsbruck, Austria has integrated a quantum computer into a high-performance computing (HPC) environment for the first time in Austria. The Innsbruck team has connected the university’s LEO5 cluster with AQT's IBEX Q1 quantum computer. “With the advent of quantum computers...

July 25, 2024

Austria

Gcore raises $60m in new funding round

Gcore, an Edge artificial intelligence (AI) and cloud provider, has secured $60m in a Series A funding round led by game developer and publisher Wargaming, with participation from Constructor Capital and Han River Partners. “We are on the cusp of an AI revolution that will transform how compa...

July 23, 2024

Luxembourg

Ofcom fines BT Group for technical fault from last year

UK regulator Ofcom has fined BT Group a fee of £17.5 million ($22.6m) after a technical fault that impacted its ability to handle emergency calls between 06:24 and 16:56 on June 25th, 2023. Suzanne Cater, Ofcom’s director of enforcement said: "Being able to contact the emergency services can...

July 22, 2024

United Kingdom

Yandex remained as Nebius Group

Nasdaq-listed tech giant, Yandex which was formerly referred to as “Russia’s Google,” have been renamed as Nebius Group and pivoted to focus on AI following the company's agreement to sell its Russian operations to local management and investment firms. The company said: “In addition to exp...

July 20, 2024

Russia / Россия

Heimdall Power raises $25m in new funding round

Power grid optimization specialist Heimdall Power has raised $25 million in a Series B funding round to scale up production of its “Magic Ball” sensors which it claims can help grid operators access up to 40 percent of additional transmission capacity in existing power lines. These neuron sens...

July 19, 2024

Norway

Vertiv to add ZincFive’s niZn batteries to UPS offerings

Vertiv recently announced that it will add the ZincFive BC Series UPS Battery Cabinets to its portfolio of uninterruptible power supply (UPS) offerings, as they are compatible with select large and medium Vertiv UPS, including the recently launched Trinergy offering. ZincFive's CEO and co-fou...

July 18, 2024

Europe

Infleqtion to install neutral atom quantum computer in Harwell, UK

Quantum component manufacturer Infleqtion will be making history as the first company to install a neutral atom quantum computer at the National Quantum Computing Centre (NQCC) in Harwell, UK. “Our recent installation is part of Infleqtion’s dedication to leading facility logistics in partne...

July 18, 2024

United Kingdom

EuroHPC JU signs procurement contract for EuroQCS

The EuroHPC JU has signed a procurement contract for EuroQCS-Poland, a 20 qubit trapped ion quantum computer, which will be hosted at the Poznan Supercomputing and Networking Center (PSNC) in Poznan , Poland, and supplied by Alpine Quantum Technologies (AQT).Coordinator of the EuroQCS-Poland p...

July 12, 2024

Poland

Hexatronic acquires parts of Icelandic services firm

Swedish Fiber and connectivity firm Hexatronic this week announced it has signed a letter of intent to acquire parts of Endor, a data center services unit owned by Icelandic company Sýn, in an acquisition which will bring Hexatronic a customer base across Iceland, Sweden, and Germany."The bus...

July 11, 2024

Sweden

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