DigitalBridge closes first stage of DataBank recapitalization

DigitalBridge Group announced the closing of the first stage of its previously announced recapitalization of its portfolio company DataBank, a leading nationwide edge data center platform.

DataBank’s portfolio consists of more than 65 data centers, 20 interconnection hubs in more than 27 markets, on-ramps to an ecosystem of cloud providers, and a modular edge data center platform.

New investors joined Swiss Life Asset Management AG and EDF Invest, increasing the size of this initial stage. As a result, 35% of the fully diluted equity interests in DataBank were sold for approximately $1.5 billion in cash, an increase from the anticipated $1.2 billion.

In connection with the completion of this initial phase of the recapitalization, DigitalBridge received cash proceeds of $318 million, up from the $230 million initially expected, and its ownership in DataBank was reduced to 13.4%. The recapitalization continues to imply a pre-transaction net equity value of DigitalBridge’s ownership of $905 million, reflecting a 2.0x multiple of invested capital (MOIC) since DigitalBridge’s first balance sheet investment in December 2019.

Marc Ganzi, CEO of DigitalBridge, said, “We are pleased to welcome Swiss Life and EDF as new DataBank shareholders, along with a number of new investors who have invested alongside of the consortium following our original announcement. The formation of this new permanent capital vehicle enables DigitalBridge shareholders to maintain exposure to the next phase of value creation at DataBank while freeing up significant capital at an attractive valuation that reflects DigitalBridge’s track record of investing successfully across the digital infrastructure ecosystem.”

www.digitalbridge.com

Swiss Life-led Consortium to acquire 27% equity Interest in DataBank

Monday, June 20, 2022  Data Centers, DataBank, Digital Bridge  

DigitalBridge Group will sell an equity stake in its DataBank company to a consortium led by Swiss Life Asset Management AG and EDF Invest.DataBank’s portfolio consists of more than 65 data centers, 20 interconnection hubs in more than 27 markets, on-ramps to an ecosystem of cloud providers, and a modular edge data center platform.Under the terms of the agreement, SLAM and EDF will acquire 27% of the fully diluted equity interests in DataBank for...

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DataBank to acquire Zayo's zColo data centers

Tuesday, September 29, 2020  Data Centers, Mergers And Acquisitions, Zayo  

DataBank agreed to acquire Zayo Group's zColo business, including 44 data centers across 23 markets in the U.S. and Europe. Financial terms were not disclosed.The deal will make DataBank one of the largest privately-held data center operators in the U.S. and a leading provider of edge colocation and connectivity solutions to hyperscale, technology, and content customers across the U.S. Zayo Group will become a significant customer and continue to...

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DataBank to acquire 4 Houston data centers from CyrusOne for $670M

Wednesday, January 19, 2022  CyrusOne, Data Centers, DataBank, Texas  

DataBank, a  provider of enterprise-class colocation, interconnection and managed cloud services,  agreed to acquire four existing data centers in the Houston, Texas metro area from CyrusOne for $670 million.The transaction positions DataBank as the largest independent data center provider in Houston, the nation’s fourth-largest metro area. The Houston facilities encompass more than 300,000 square feet of raised-floor data center capacity...

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Andre Fuetsch steps down from AT&T and the O-RAN Board

Andre Fuetsch, Network Chief Technology Officer of AT&T, is retiring, effective August 30, 2022. He is also stepping down from his Chairman position at the O-RAN ALLIANCE. AT&T will remain on the O-RAN Board as a founding member.

“Under Andre’s leadership, O-RAN has grown to a well-respected body changing the paradigm of Radio Access Networks towards openness, intelligence and innovation,” said Alex Jinsung Choi, Chief Operating Officer and interim Chairman of the O-RAN ALLIANCE and SVP of Strategy and Technology Innovation at Deutsche Telekom. “Many thanks to Andre for his chairmanship in the past four years and lots of success in his next career and personal life.”

www.o-ran.org

ONF Connect Keynote: AT&T 's Andre Fuetsch

Wednesday, December 05, 2018  AT&T, ONF  

It's a really exciting time at AT&T not only because of the upcoming 5G launch later this month but also because of the many other areas of innovation underway in the network, said Andre Fuetsch, CTO of AT&T and President of AT&T Labs, in a keynote address at the ONF Connect conference in Santa Clara, California. Some highlights: AT&T is actively developing the ONF Software-defined Broadband Access (SEBA) reference design....

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AT&T sees progress with ONF's SEBA, Trellis and other projects

Wednesday, September 11, 2019    

Projects like Trellis, SEBA, OMEC, Stratum, and P4 are redefining what a modern network looks like, said Andre Fuetsch, President, AT&T Labs and Chief Technology Officer, speaking at the Open Networking Foundation’s Connect 2019 conference in Silicon Valley/ AT&T is currently using SEBA (Software-Enabled Broadband Access) to deliver gigabit-plus, low-latency home internet access via white box hardware to 500 homes in the U.S. The carrier...

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AT&T's Path to 5G

Monday, September 10, 2018  ATT  

AT&T's path to 5G is driven by the growth of data on the network, which currently exceeds 220 petabytes of data per day, and new applications said company CTO Andre Fuetsch, speaking at the AT&T's Spark event in San Francisco. The data tsunami is accelerating and AT&T's is showcasing applications such as e-gaming, augmented reality, virtual reality, IoT sensors, and smart cities. Fuetsch announced an expansion of its 5G rollout...

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Cerebras opens engineering center in Bangalore

Cerebras Systems, which offers a Wafer Scale Engine AI processor, opened an engineering office in Bangalore, India. 

The new facility is led by industry veteran Lakshmi Ramachandran. Prior to joining Cerebras, she was with Intel in various engineering and leadership roles. Most recently, she was Senior Director at Intel's Data Center and AI group, responsible for delivering key capabilities of deep learning software for AI accelerators. She has extensive experience in scaling business operations and establishing technical engineering teams in India.

“India in general and Bangalore in particular, is extremely well-positioned to be a hotbed for AI innovation. It has world leading universities, pioneering research institutions and a large domestic enterprise market,” said Andrew Feldman, CEO and Co-Founder of Cerebras Systems. “Cerebras is committed to being a leader in this market. Under Lakshmi’s leadership, we are rapidly hiring top-notch engineering talent for Cerebras Systems India, as well as supporting sophisticated regional customers who are looking to do the most challenging AI work more quickly and easily.”

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The new NTT Data gets underway in October

NTT Corporation has chosen the name "NTT Data" as the name of its new overseas operating company.

Effective October 1, 2022, NTT DATA and NTT Corporation will combine their IT Services organizations outside Japan. This include NTT Ltd., which was previously known as Dimension Data prior to its acquisition by NTT Group

The new NTT Data, which will formally begin operations on October 1, 2022, will handle governance, strategy planning, and implementation of measures for NTT DATA Group's global business. 

Kazuhiro Nishihata, Senior Executive Vice President at NTT DATA, is expected to be appointed as Representative Director, President and Chief Executive Officer of the new company.

https://group.ntt/en/

NTT realigns its global businesses

Sunday, May 08, 2022  Japan, NTT  

NTT Corporation announced a realignment of its global businesses to better focus its human resources and market potential.Under the plan, NTT, Inc., a global holding company of the NTT group, and NTT Limited, which is a wholly owned subsidiary of NTT, Inc. will be combined with the global IT services and communications business, subsidiaries of NTT DATA Corporation/ NTT, Inc. was set-up in 2018 as an intermediary holding company that coordinates...

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NTT Ltd. names Abhijit Dubey as next CEO

Sunday, December 20, 2020  NTT, People  

Abhijit Dubey will succeed Jason Goodall as Global Chief Executive Officer for NTT Ltd. Abhijit takes the role following over 20 years with global advisory firm McKinsey & Company.  He will be based at NTT Ltd.’s headquarters in London. Following a three month handover period, Jason Goodall will retire from his executive role on 30 June 2021 and will remain as a Board Director for NTT Ltd, and Dimension Data, as well as act as a strategic...

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NTT Ltd.'s Jason Goodall to retire in mid 2021

Thursday, December 03, 2020  NTT, People  

Jason Goodall, Global Chief Executive Officer of NTT Ltd., announced plans to retire at the end of June 2021 after 23 years in many senior leadership roles across the NTT family, including Global CEO of Dimension Data.Following his retirement, Jason will remain as a Board Director for NTT Ltd. and Dimension Data, as well as act as a strategic advisor for our NTT Venture Capital business.NTT said it will announce a successor in the coming weeks.&...

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NTT Com and Dimension Data continue integration

Monday, April 09, 2018  Cloud, Dimension Data, Japan, NTT  

NTT Com and Dimension Data are making progress in unifying their cloud IaaS capabilities Dimension Data, which is also a business unit of the NTT Group and is based in Johannesburg, South Africa, focuses on services including network integration, security and data centers. In addition,  NTT Com will expand its service portfolio by combining with Dimension Data’s private cloud and dedicated SAP platforms. “Many of our clients have complex...

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stc plans high-capacity Red Sea cable

Saudi Arabia's stc Group has unveiled plans for a wholly-owned subsea cable in the Red Sea with four landings in Jeddah, Yanbu, Duba, and Haql.

The project has a design of 16 fiber pairs at 18 Tbps per fiber pair.

Olayan bin Mohammed Alwetaid, group CEO of stc, said: “This achievement reflects our comprehensive strategy that aims to diversify the group’s investment opportunities and support digital transformation in the Kingdom by boosting the digital infrastructure. 

https://www.stc.com.sa/

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UW: Using fiber cables for seismic sensing and glaciology

The University of Washington is kicking off a project exploring the use of fiber-optic sensing for seismology, glaciology, and even urban monitoring. 

Initially, three sensors are being connected to dark fiber running between the UW campuses in Seattle and Bothell. A similar underwater cable across Alaska’s Cook Inlet will later be used to sense volcanic, oceanic, glacial and tectonic systems in the region. 

“Fiber-optic sensing is the biggest advance in ground-based geophysics since the field went digital in the 1970s,” said principal investigator Brad Lipovsky, a UW assistant professor of Earth and space sciences. “The UW Photonic Sensing Facility and its partners will explore this technology’s potential across scientific fields — including seismology, glaciology, oceanography and monitoring hydrology and infrastructure.”

https://www.washington.edu/news/2022/08/17/new-uw-photonic-sensing-facility-will-use-fiber-optic-cables-for-seismic-sensing-glaciology-and-more/

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stc implements 5G carrier aggregation

Saudi Arabia's stc is activating 5G Carrier Aggregation to boost capacity by up to 60% and improving download speeds for its subscribers.

This development plan utilizes 2.3GHz band for 5G on more than 1,000 sites as an initial phase, through reuse of the spectrum resources initially used for 4G which affirms stc’s strategic commitment to adopt cutting edge technologies and services. 

The use of 5G Carrier Aggregation technology is expected to aggregate the new 2.3GHz carrier to the main 5G carrier on 3.5GHz, to augment the overall 5G network capacity and elevate speeds into global-ranking levels.

Eng. Bader Alluhaib - stc Infrastructure VP has stated: “In stc – as per our leading position in strengthening the Kingdom’s status in the global Telecom sector – we are restlessly working – with the support of our partners – to develop our infrastructure capabilities, and introducing the latest solutions and technologies to enrich our subscribers experience and improve the Kingdom’s global ranking. As the leading Operator in the Kingdom, we are planning to adopt these advanced solutions in a larger scale throughout the upcoming years as an integral part of the 2030 Vision”.

Eva Andrin – Deputy VP for Saudi and Egypt in Ericsson, stc’s Technology Partner has stated: “Ericsson’s 5G Carrier Aggregation solution - which employs Advanced Radio Coordination technologies – provides a breakthrough change in enhancing 5G coverage, boosting capacity and improving 5G users experience. Ericsson is devoted to provide stc with such innovative solutions to uplift its network capabilities, to outreach new horizons towards the Kingdom Vision”

stc expects to conclude this development within this year.

https://www.stc.com.sa/content/stcgroupwebsite/sa/en/media-center/press-release/press-release-detail.html?id=stc-boosts-5g-network

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T-Mobile and Qualcomm look to AR smart glasses

Three more companies have joined the T-Mobile Accelerator program, which focuses on immersive experiences combining the T-Mobile 5G network and the Snapdragon Spaces XR developer platform:

• Foundry Six (Los Angeles, CA): With Foundry Six’s AREALM, you can turn your next hike with friends into an epic adventure! This role play game metaverse allows players to experience all their favorite gameplay in the real world. Join player versus environment, player versus player, crafting, and dungeon crawl encounters brought to life through Augmented Reality technology.
• Stops (Tel Aviv, Israel): Stops is a location-based platform that helps businesses and influencers securely share locations with their customers/followers across the metaverse. As a result, people can now discover nearby content and product locations through Augmented Reality every time they stop.
• weR (NYC, NY): weR is a deep tech company that provides an Augmented Reality/Artificial Intelligence platform for monetizing and optimizing retail spaces.

“5G and Augmented Reality have the potential to transform gaming, education, training, the way we communicate and so much more,” said John Saw, EVP of Advanced & Emerging Technologies at T-Mobile. “With the T-Mobile Accelerator, we are partnering with the brightest developers and entrepreneurs to drive the 5G ecosystem forward and bring revolutionary new 5G-powered applications to life.”

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SpaceX completes 24th Starlink launch this year

On Saturday, August 27, SpaceX launched 54 Starlink satellites from Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station in Florida.

This was the second flight for the Falcon 9 first stage booster supporting this mission, which previously launched CRS-24 and now one Starlink mission.

The mission was SpaceX’s 57th Starlink mission to date. 

It was SpaceX's fourth Starlink mission in August and 24th Starlink mission this year.

https://www.spacex.com/launches/sl4-23/

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T-Mobile US and SpaceX plan satellite-to-cellular service

T-Mobile US entered a technology partnership with SpaceX that will create a new network, broadcast from Starlink’s satellites using T-Mobile’s mid-band PCS spectrum nationwide. This will enable satellite-to-phone connectivity using existing phones.

Coverage will initially be over the United States, its territories and parts of the open ocean. T-Mobile US is inviting other global mobile operators to join in a reciprocal coverage agreement.

In a press event at the SpaceX Starbase in Texas, Elon Musk described the technology as a very difficult engineering challenge in part because the Starlink satellites will need to be able discertain individual cell phone signal from their low-earth-orbits. No changes are anticipated for the handsets.

The technology, which is currently working in the labs, will require specialized, very large (25m2) phased-array antennas on the next generation of Starlink satellites.  

Elon said each ground cell zone would be quite large and might have 2-4 Mbps of shared bandwidth, enough for basic messaging, apps and some voice.

“We’ve always thought differently about what it means to keep customers connected, and that’s why we’re working with the best to deliver coverage above and beyond anything customers have ever seen before,” said Mike Sievert, CEO of T-Mobile. “More than just a groundbreaking alliance, this represents two industry-shaking innovators challenging the old ways of doing things to create something entirely new that will further connect customers and scare competitors.”

“The important thing about this is that it means there are no dead zones anywhere in the world for your cell phone,” said SpaceX Chief Engineer Elon Musk. “We’re incredibly excited to do this with T-Mobile.”

https://www.youtube.com/watch?v=Qzli-Ww26Qs

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CHIPS and Science Act funding processes get underway

 President Biden signed an Executive Order to implement the semiconductor funding in the bipartisan CHIPS and Science Act of 2022.

The order establishes an interagency CHIPS Implementation Steering Council, which will be  co-chaired by National Economic Director Brian Deese, National Security Advisor Jake Sullivan, and the Acting Director of the Office of Science and Technology Policy, Alondra Nelson. 

The order also  establishes six primary priorities to guide implementation across the federal government:

• Protect taxpayer dollars. The CHIPS program will include rigorous review of applications along with robust compliance and accountability requirements to ensure taxpayer funds are protected and spent wisely.
• Meet economic and national security needs. The CHIPS program must address economic and national security risks by building domestic capacity that reduces U.S. reliance on vulnerable or overly concentrated foreign production for both leading-edge and mature microelectronics, and increasing United States economic productivity and competitiveness. U.S. long-term economic and national security requires a sustainable, competitive domestic industry.
• Ensure long-term leadership in the sector. The CHIPS program will establish a dynamic, collaborative network for semiconductor research and innovation to enable long-term U.S. leadership in the industries of the future. The program will support a diversity of technologies and applications along many stages of product and process development.
• Strengthen and expand regional manufacturing and innovation clusters. Long-term competitiveness requires large economies of scale and investments across the supply chain. Regional clusters containing manufacturing facilities, suppliers, basic and translational research, and workforce programs, along with supporting infrastructure, will be the foundation for a competitive industry. The CHIPS program will facilitate the expansion, creation and coordination of semiconductor manufacturing and innovation clusters that benefit many companies. 
• Catalyze private sector investment. A successful CHIPS program will respond to market signals, fill market gaps and reduce investment risk to attract significant private capital. The role of government in the CHIPS program is to shift financial incentives to maximize large-scale private investment in production, break-through technologies, and workers. The CHIPS program will encourage new ecosystem partnerships that reduce risk, build on U.S. strengths, and facilitate such investments. 
• Generate benefits for a broad range of stakeholders and communities. A successful CHIPS program will create benefits for startups, workers, socially and economically disadvantaged (SEDI) businesses, including minority-owned, veteran-owned and women-owned businesses and rural businesses, universities and colleges, and state and local economies, in addition to supporting semiconductor companies. The CHIPS program will encourage linkages to underserved regions and populations to draw in new participants to the semiconductor ecosystem. 

https://CHIPS.gov

Biden signs CHIPS and Science Act

Tuesday, August 09, 2022  Gov, Silicon  

by James E. CarrollPresident Biden signed the CHIPS and Science Act of 2022, which aims to onshore domestic manufacturing of semiconductors and to substantially increase government funding for science and technology development programs, including the networking and telecommunications fields. The legislation provides $54.2 billion in total appropriations for CHIPS and Public Wireless Supply Chain Innovation (also known as ORAN), and $82.5 billion...

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Nokia and Google test 5G network slicing on Android

Nokia and Google completed a round of testing of slice selection functionality on 4G/5G networks using UE Route Selection Policy (URSP) technology and Google Pixel 6 (Pro) phones running Android 13. 

The goal is to enable 5G network slicing services and enhance the customer application experience of devices with Android 13.

Specifically, URSP capabilities enable a smartphone to connect to multiple network slices simultaneously via different enterprise and consumer applications depending on a subscriber’s specific requirements.

The trial, which took place at Nokia’s network slicing development center in Tampere, Finland, also included LTE-5G New Radio slice interworking functionality. This will enable operators to maximally utilize existing network assets such as spectrum and coverage. The trial was conducted using Nokia’s end-to-end 4G/5G network slicing product portfolio across RAN-transport-core as well as related control and management systems. The trial included 5G network slice selection and connectivity based on enterprise and consumer application categories as well as 5G NR-LTE slice interworking functionalities.

Ari Kynäslahti, Head of Strategy and Technology at Nokia Mobile Networks, said: “New application-based URSP slicing solutions widen operator’s 5G network business opportunities. We are excited to develop and test new standards-based URSP technologies with Android that will ensure that our customers can provide leading-edge enterprise and consumer services using Android devices and Nokia’s 4G/5G networks.”

https://www.nokia.com/about-us/news/releases/2022/08/25/nokia-and-google-trial-innovative-slicing-solution-for-android-devices-and-4g5g-networks/

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Marvell sees supply constraints ease

Marvell Technology reported revenue for the second quarter of fiscal 2023 of $1.517 billion, consistent with the midpoint of the company's guidance provided on May 26, 2022. 

GAAP net income for the second quarter of fiscal 2023 was $4 million, or $0.01 per diluted share. Non-GAAP net income for the second quarter of fiscal 2023 was $486 million, or $0.57 per diluted share. Cash flow from operations for the second quarter was $331.5 million.

"In the second quarter of fiscal 2023, we delivered record revenue of $1.52 billion, which grew 41 percent year over year and 5 percent sequentially. This was the 9th straight quarter of sequential revenue growth, and we are guiding for growth to continue in the third quarter, as we expand our leadership in data infrastructure," said Matt Murphy, Marvell's President and CEO. "Looking ahead, we expect sequential revenue growth to accelerate in the fourth quarter as supply constraints begin to ease. We believe we are well positioned to continue to benefit from our favorable end market exposure tied to strong secular growth trends and significant expected upcoming revenue contributions from a number of Marvell-specific product ramps."

https://investor.marvell.com

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Dell's server and networking sales rise 16% yoy

Dell Technologies reported record Q2 revenue of $26.4 billion, up 9%, driven by growth across Client Solutions Group (CSG) and Infrastructure Solutions Group (ISG). Operating income was $1.3 billion, up 25%, representing 4.8% of revenue, and non-GAAP operating income was $2 billion, up 4%, representing 7.4% of revenue. Net income from continuing operations was $506 million and non-GAAP net income was $1.3 billion. Diluted earnings per share was $0.68, and non-GAAP diluted earnings per share was $1.68.

• Client Solutions Group delivered second quarter record revenue of $15.5 billion, up 9% year-over-year. Commercial revenue was $12.1 billion, a 15% increase year-over-year, and Consumer revenue was $3.3 billion, down 9% year-over-year. 
• Infrastructure Solutions Group delivered record second quarter revenue of $9.5 billion, up 12%. Storage revenue was $4.3 billion, up 6%, with growth across the portfolio and demand strength in high-end storage and marquee mid-range product PowerStore, which has now grown every quarter since its launch. Servers and networking revenue was $5.2 billion, up 16% year-over-year.  

"We delivered strong CSG and ISG growth and profitability – with revenue up 12% and 9% respectively – although we observed more cautious customer behavior as the quarter progressed," said Chuck Whitten, co-chief operating officer, Dell Technologies. "Customers continue to prioritize advanced technology solutions to compete and succeed in the years ahead, and we are confident in our long-term opportunities."

https://investors.delltechnologies.com/news-releases/news-release-details/dell-technologies-announces-second-quarter-fiscal-2023-financial

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VMware's Q2 revenue rose 6% to $3.34 billion

VMware reported revenue for the second quarter of $3.34 billion, an increase of 6% from the second quarter of fiscal 2022. GAAP net income for the second quarter was $347 million, or $0.82 per diluted share, down 16% per diluted share compared to $411 million, or $0.97 per diluted share, for the second quarter of fiscal 2022. Non-GAAP net income for the second quarter was $697 million, or $1.64 per diluted share, down 6% per diluted share compared to $739 million, or $1.75 per diluted share, for the second quarter of fiscal 2022.

“We are pleased with our performance in Q2. Our momentum continues next week at VMware Explore where we will showcase new innovative offerings while also highlighting how we are helping customers continue to transform their businesses,” said Raghu Raghuram, CEO, VMware. “We remain committed to helping organizations unlock the full potential of multi-cloud.”

“Our Q2 financial results reflect the continued commitment of the entire VMware team to accelerate innovation for our customers as they move to a multi-cloud environment,” said Zane Rowe, executive vice president and CFO, VMware. “Investments in our Subscription and SaaS offerings helped contribute to ARR growth of 24% year-over-year.”

• The combination of subscription and SaaS and license revenue was $1.74 billion for the second quarter, an increase of 15% from the second quarter of fiscal 2022.
• Subscription and SaaS revenue for the second quarter was $943 million, an increase of 22% year-over-year, constituting 28% of total revenue for the quarter.
• Subscription and SaaS ARR for the second quarter was $3.89 billion, an increase of 24% year-over-year.

https://www.vmware.com

Broadcom launches its $61 billion bid for VMware

Thursday, May 26, 2022  Broadcom, Vmware  

 Broadcom unveiled plans to acquire all of the outstanding shares of VMware in a cash-and-stock transaction that values VMware at approximately $61 billion, based on the closing price of Broadcom common stock on May 25, 2022. In addition, Broadcom will assume $8 billion of VMware net debt. The deal has the support of VMware's Board of Directors, along with Michael Dell and Silver Lake, which own 40.2% and 10% of VMware shares outstanding,The...

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Singtel to sell a 3.3% stake in Airtel back to Bharti Telecom

Singtel will sell a 3.3% direct stake in regional associate Airtel to Bharti Telecom, a joint venture between Bharti Enterprises and Singtel,

The sale will unlock approximately S$2.25 billion as part of the Singtel Group’s capital recycling strategy. After this transaction, the Singtel Group is expected to own an effective stake of 29.7%, which is estimated to be worth S$22 billion. This comprises a 19.2% indirect stake through Bharti Telecom and a 10.5% direct stake.

Mr Arthur Lang, Singtel's Group Chief Financial Officer, said, "As long-term strategic investors and partners, the value of our stakes in our regional associates has risen substantially over the years but has not been properly reflected in our share price. This sale in Airtel will be our first ever and seeks to address this gap by illuminating the sizeable value of our holdings in Airtel. It is also part of our capital management approach to take monetisation opportunities that allow us to increase our return on invested capital and enhance total shareholder returns. With this transaction, we will raise over S$2 billion which will help to fully meet the Group’s needs for 5G and growth initiatives in the next few years, and put us in a strong position to grow our dividends in a sustainable way in line with our dividend policy.”

https://www.singtel.com/about-us/media-centre/news-releases/singtel-to-unlock-s-2-25-billion-from-divestment-of--3-3--direct

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ZEDEDA builds its executive team

ZEDEDA, a start-up based in San Jose, California, focused on edge orchestration, announced the following changes to its executive team:

• Erik Nordmark, a co-founder of the company, has been promoted to Chief Technology Officer.
• Paul Campaniello has been named Vice President of Marketing.
• Michael Maxey has been named VP of Business Development. 
• Raghu Vatte moves into the VP of Product Management and Customer Success role. 

“Edge computing is increasingly important within organizations, and these new executive hires will strongly position us to meet the needs of the biggest customers, helping us to build out our internal teams and provide even more value to our customers and partners,” said Said Ouissal, founder and CEO of ZEDEDA. “Edge computing is accelerating, and our open framework and ecosystem approach is the ideal solution for businesses looking to take advantage of the benefits of edge computing.”

https://www.ZEDEDA.com

ZEDEDA raises $26 million for edge orchestration

Thursday, July 21, 2022  Funding, Silicon Valley, Start-Ups, Zelda  

ZEDEDA, a start-up based in San Jose, California, raised $26 million in Series B funding for its edge orchestration solution.ZEDEDA provides a unified orchestration experience across hardware, software, networks and cloud that delivers visibility, control and security. The company says revenue is up 7x year-over-year, while at the same time, its number of nodes under management has risen by 4x. The funding round attracted a range of new and...

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LF Edge announces Project EVE Seed Code

Wednesday, May 15, 2019  Edge, LF Edge, Linux Foundation  

LF Edge, an umbrella organization within the Linux Foundation that aims to establish an open, interoperable framework for edge computing independent of hardware, silicon, cloud, or operating system, announced Project Edge Virtualization Engine (EVE) seed code contributed by LF Edge founding member ZEDEDA. With Project EVE, edge gateways and devices run a variety of edge workloads simultaneously, decoupling application management from the underlying...

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Cignal AI: North American WDM transport spending rises

 Spending on optical transport hardware by North American network operators grew more than 20% in 2Q22 compared with the year before. Equipment capex by traditional network operators as well as large cloud operators has now surpassed pre-Covid levels, according to the most recent Transport Hardware Report from research firm Cignal AI. Spending by European and Asian operators remains low by comparison.

“Funding for broadband infrastructure, continuing 5G rollouts, and pent-up demand because of supply chain disruptions have catalyzed growth in North American transport spending,” said Kyle Hollasch, Lead Analyst for Transport Hardware at Cignal AI. “Massive order backlogs and an anticipated easing of supply issues point to a period of rapid spending growth for Service Providers and Cloud operators in the region.”

Highlights from the 2Q22 Transport Hardware Report:

Second quarter 2022 worldwide optical hardware spending grew 3%. Revenue grew in North America and China while all other regions declined.

Worldwide Cloud and Colo spending grew over 10%, compared to roughly flat spending by traditional service providers. Enterprise and Government sales declined YoY for the fifth consecutive quarter as the heightened spending levels during the pandemic reverted to normal.

Cisco, Infinera, and ADVA benefited the most from an increase in spending by Cloud Operators in North America

Results varied widely by region; North American optical revenue grew to the highest second-quarter level on record, while European spending declined. EMEA’s decline is due to a shift from transport to RAN spending, combined with a disadvantageous dollar exchange rate.

Worldwide packet transport sales grew 6%, driven by Cloud and Colo packet spending, which grew 16%.

North American packet transport sales climbed in tandem with optical and grew over 30%, with Cisco, Nokia, and Juniper all participating. EMEA packet sales fell.

https://cignal.ai/2022/08/north-american-wdm-transport-spending-surpasses-pre-covid-levels/

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