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Tag: bln
EU proposes EUR 8.2 bln for 'Digital Europe' 2021-27 programme
2020-06-05 09:22:00| Telecompaper Headlines
(Telecompaper) Digital Europe's stated goal is to build the strategic digital capacities of the EU and facilitate the wide deployment of digital technologies to Europe's citizens, businesses and public administrations. The aim is to strengthen investments in supercomputing, artificial intelligence, cybersecurity, advanced digital skills and ensuring a wide use of digital capacity across the economy and society with a view to boosting Europe's competitiveness and the green transition towards climate neutrality by 2050 as well as guaranteeing technological sovereignty.
Tags: digital
eur
europe
programme
Google facing class action of at least USD 5 bln for gathering private browsing information
2020-06-03 09:23:00| Telecompaper Headlines
(Telecompaper) Google has been accused of secretly gathering information about people's browsing information, even when they are in "incognito" mode, Reuters reported, saying the company is now facing a class action suit. Plaintiffs are seeking at least USD 5 billion, saying millions of users have been affected by the company's actions since June 2016, even when browsing in "private" mode. A spokesperson for Google said the company will defend itself vigorously against the claims.
Tags: information
private
action
class
Tencent raises USD 6 bln in bond offering, pledges investment of USD 70 bln into cloud, AI, cybersecurity
2020-05-29 15:43:00| Telecompaper Headlines
(Telecompaper) The company has pledged to invest USD 70 billion into new infrastructure over the coming five years, Reuters noted, citing a statement to state media by company SVP Dowson Tong. The money will go into cloud computing, artificial intelligence and cybersecurity, and namely in blockchain, servers, big data centres, supercomputer centres, IoT operating systems, 5G networks and quantum computing.
Tags: investment
offering
usd
bond
KKR to invest USD 1 bln in European venture for hyperscale data centres
2020-05-27 10:24:00| Telecompaper Headlines
(Telecompaper) The investment firm KKR has partnered with entrepreneur Franek Sodzawiczny to launch a data centre company in Europe. The new venture Global Technical Realty (GTR) will provide build-to-suit data centres for large technology companies in Europe.
Tags: data
european
usd
invest
Bharti Telecom sells 2.75% stake in Airtel for INR 84 bln, to fully repay debt
2020-05-27 06:23:00| Telecompaper Headlines
(Telecompaper) Bharti Telecom, the promoter company of Indian operator Bharti Airtel, has sold a 2.75 percent stake in Bharti Airtel to institutional investors through an accelerated book building process in the secondary market. The allocation was done to over 50 accounts, with the top 10 getting two-thirds of the overall allocation. The total sale proceeds of over INR 84.33 billion (approximately USD 1.15 billion) was over-subscribed multiple times with a mix of all categories of investors, long only and hedge fund investors across geographies in India, Asia, Europe and the US, Bharti Telecom said.
Tags: fully
debt
telecom
sells
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