Monday, August 12, 2024

Telstra and Microsoft Accelerate AI Innovation in Australia

Telstra and Microsoft have announced an expanded strategic partnership aimed at accelerating AI innovation and digital transformation in Australia. This collaboration combines Microsoft's leading AI technology with Telstra's ultra-fast Intercity Fibre Network, which will enhance connectivity solutions across the country. As part of this initiative, Microsoft has chosen Telstra as a strategic partner to extend its AI infrastructure in Australia, addressing the growing demand for advanced AI capabilities.

In a significant move, Telstra is investing in 21,000 Microsoft 365 Copilot licenses, marking the largest deployment of the generative AI service in Australia and one of the largest globally for a telecommunications company. This investment is part of Telstra's broader strategy to equip its employees with cutting-edge AI tools, ensuring they are prepared for the future of work. The partnership also emphasizes the importance of robust, secure, and scalable connectivity to support the vast data processing needs of AI technologies.

The partnership underscores Telstra's commitment to building Australia's AI ecosystem, with its Intercity Fibre Network playing a crucial role in this effort. The network, already extending over 1,800 kilometers, is designed to support the transition from gigabyte to terabyte data capacities, essential for AI, quantum computing, and new data center developments. This expanded collaboration with Microsoft is set to drive significant growth in Australia's digital infrastructure and AI capabilities.

Key Points:

  • Telstra and Microsoft expand their partnership to advance AI innovation in Australia.
  • Microsoft selects Telstra as a strategic partner to extend its AI infrastructure using Telstra's Intercity Fibre Network.
  • Telstra invests in 21,000 Microsoft 365 Copilot licenses, marking the largest deployment in Australia.
  • Telstra's Intercity Fibre Network will enhance connectivity, crucial for AI and quantum computing.
  • The partnership builds on a strategic five-year agreement to support Australia's digital growth.

"Microsoft’s leadership in AI is driving the demand for capacity in our infrastructure, and Telstra is building that connectivity to meet this demand. Together we’re building the AI ecosystem of Australia," said Telstra CEO Vicki Brady.

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Bharti Global Acquires 24.5% Stake in BT Group from Altice UK

Bharti Global has agreed to acquire a 24.5% stake in BT Group from Altice UK, marking a significant investment in the UK telecoms giant. 

The acquisition will be executed in two stages, with an initial 10% stake purchased immediately and the remainder following regulatory approvals. Bharti Global, the international investment arm of Bharti Enterprises, has expressed strong support for BT's current leadership and long-term strategy. The deal highlights Bharti's commitment to BT's future and its recognition of the company's national importance and extensive infrastructure in the UK.

Key Points:

  • Bharti Global to acquire a 24.5% stake in BT Group from Altice UK in a deal valued at approximately £3.2 billion.
  • The acquisition will occur in two stages, with 10% purchased immediately and the rest after regulatory approvals.
  • Bharti Global supports BT's CEO Allison Kirkby and the company's strategic direction.
  • Altice UK initially acquired its stake in BT in 2021 but has faced losses due to a decline in BT's share value.

https://newsroom.bt.com/bt-group-statement-re-bharti-globals-investment/