April 19, 2024 Louisiana
T-Mobile announced that it has completed its 5G network upgrades in Louisiana, a multi-year investment totaling $290 million, including $50m towards an upgrade in its 5G service in the Greater New Orleans area. The company notes that the expansion provides access to 5G ultra capacity coverage to...
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April 09, 2024 Singapore
Alibaba has revealed that it is now slashing its prices by as much as 59 percent for customers "from the US to Singapore." This comes shortly after the company's March 2024 announcement that it would be cutting cloud costs for its Chinese customers by up to 55 percent with the hope of winning...
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April 08, 2024 Singapore
Singaporean real-estate firm Asia-Pacific Strategic Investments Limited (APS) this week announced plans to acquire a 100 percent stake in Taiwanese sustainable data solutions provider, Mobii Genius Co., Ltd., for US$150 million. “Creating green data processing and storage facilities is of...
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April 08, 2024 Denmark
T-Systems has been selected to operate the mainframe infrastructure of Danish IT service provider KMD from 2025 in a contract which is the largest the company has won yet in Denmark. While T-Systems handles the operation and maintenance of KMD's mainframes, KMD will be able to focus on developing...
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April 06, 2024 Michigan
An unnamed company is reportedly looking at building an ‘AI data center’ on 280 acres on Yore Avenue near Lake Michigan College. Further details are unavailable at this time. Benton Charter Township is a charter township in Berrien County, Michigan, located on the east side of Lake Michigan."It's...
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April 04, 2024 Indiana
The South Korean chip manufacturer SK Hynix has confirmed earlier reports about building an advanced chip packaging facility in Indiania as it revealed its plans to invest $3.87 billion in the plant which will produce next-generation high bandwidth memory (HBM), the highest-performing Dynamic...
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April 04, 2024 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 milestone...
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March 26, 2024 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...
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March 26, 2024 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...
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March 05, 2024 Singapore
Telkom Indonesia has consolidated its Singapore data centers under one umbrella unit ahead of a potential sale. The company wrote on LinkedIn that this marks a “significant milestone in our journey toward becoming a regional powerhouse in the data center industry,” “The rationale behind this...
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March 04, 2024 Finland
Boldyn Networks has completed its acquisition of Cellnex's private network business for an undisclosed sum. This acquisition includes Edzcom, Cellnex’s Finnish subsidiary that specializes in private networks for industrial environments.“By bringing Cellnex's private networks business unit under...
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February 27, 2024 Singapore
Empyrion DC, a Singapore-based data center operator, has secured a green loan worth S$133 million (US$98 million) to refinance its SG1 Dodid data center in Singapore, with proceeds used to “support existing operations” at the 12.5MW facility. This financing was provided by the UOB bank. Mark...
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February 23, 2024 Madrid
Spanish insurance firm Mapfre has sold its data center in Madrid. The company received advise on the sale-leaseback deal of its 10MW facility in Alcalá de Henares from CBRE’s Spanish unit. Paul Mortlock, senior director and head of European data center capital markets at CBRE, said, "CBRE's...
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February 15, 2024 Ohio
Expedient this week announced that it has launched services from a data center in Columbus, Ohio, previously operated by an insurance firm and has added a former Nationwide data center near Columbus to its portfolio. This facility located at 281 E. Powell Road in Lewis Center township, the...
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February 09, 2024 Singapore
Singapore-based startup Amperesand, which makes SSTs that could replace standard transformers in electricity distribution, has been given $12.5 million in funding to develop solid-state transformers (SSTs), which could make electricity grids more efficient and flexible. "We are thrilled to...
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January 12, 2024 Barcelona
Edged Energy has commenced operations at its facility in Barcelona, Spain, named ‘Merlin.” The company completed the construction of this facility with a critical load capacity of 16MW and uses 100 percent renewable energy in the fall of 2023. Bryant Farland, CEO of Edged Energy said, “We are...
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January 04, 2024 Iowa
Wells Fargo recently sold 7001 Westown Parkway and 1725 68th Street, which had been listed on its site for a combined $16.5 million, to commercial and residential brokerage WB Realty Co. A JLL sales brochure described the property as offering 36,230 square meters of office space, along with an...
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December 27, 2023 Barcelona
The MareNostrum 5 supercomputer was recently inaugurated in Barcelona, Spain, hosted by the Barcelona Supercomputing Center. It cost roughly €151 million to acquire and maintain this supercomputer, a fee which was split evenly between the EU and a Spanish-led consortium which includes Portugal...
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December 26, 2023 Finland
Finnish vendor Nokia has agreed to sell its device management and service management platform (SMP) businesses to Lumine Group. This deal, valued at €185 million is expected to close in the first quarter of next year, subject to approval. According to Nokia, Lumine "intends to operate DM and SMP...
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December 22, 2023 Singapore
Singapore’s government is currently contemplating marking data centers and clouds as "critical infrastructure,” and extending oversight to cloud service providers and data center operators. A decision in this regard is expected to be made by January 15, 2024. Currently, the Cybersecurity Agency...
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