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Srikapardhi April 14th, 2024 9:29 AM 0 COMMENTS

DataBank Secures USD 725 Million Credit Facility to Fuel Data Center Expansion

Edge colocation and managed cloud services provider DataBank announced the securing of a new USD 725 million credit facility. The new capital will fund ongoing expansion and future data center construction projects across key markets. This includes the expansion in existing markets on its campuses in New York, Denver, Minneapolis, Salt Lake City, and Dallas, as well as the establishment of new campuses in Northern Virginia and Atlanta. Also Read:... Read More

Srikapardhi April 3rd, 2024 12:38 AM 0 COMMENTS

DataBank Acquires Leased LAS1 Data Center in Las Vegas

US colocation provider DataBank has announced the completion of its acquisition of the LAS1 data center located at 7185 Pollock Drive in Las Vegas, Nevada. The Las Vegas data center was previously owned by the Thomas and Mack Development Group. Terms of the deal were not disclosed. Also Read: DataBank Raises USD 533 Million to Fund Data Center Expansion Enhanced Facility Features DataBank said the LAS1 data center was recently... Read More

Srikapardhi March 21st, 2024 12:40 PM 3 COMMENTS

REP: Airtel Expands Network Footprint in Bankura District of West Bengal

Indian telecommunications company Bharti Airtel announced that it has deployed additional sites in the Bankura district to densify its network. The Bankura district network enhancement project covers 3069 villages, catering to a rural population of 28.3 lakh, Bharti Airtel said on Thursday. Network Densification in Bankura Airtel mentioned that customers in the tehsils of Bankura, Barjora, Vishnupur, Gangajalghati, Indus, Sonamukhi, and Raipur under the Bankura district will directly benefit from... Read More

Srikapardhi March 19th, 2024 2:52 PM 0 COMMENTS

Airtel Payments Bank Launches Smart Watch for Contactless Payments

Airtel Payments Bank today announced the launch of a Smart Watch to bring Tap and Pay to every wrist. In its endeavour for a New Way to Pay and to make contactless payments accessible to a larger customer base, Airtel Payments Bank has partnered with the smartwatch brand Noise and Mastercard. "Bringing the power of Tap and Pay to every wrist, the initiative will empower users to unlock the full... Read More

Srikapardhi March 14th, 2024 6:56 PM 0 COMMENTS

SoftBank Confirms 3G Service Shutdown on April 15, 2024

Japanese mobile network operator SoftBank has confirmed its plans to discontinue its 3G services on April 15, 2024. Originally scheduled for January 31, 2024, the 3G shutdown was postponed due to the Noto Peninsula Earthquake. However, considering the difficulties some customers face when switching from 3G to 4G/5G services following the earthquake, SoftBank announced the postponement of its 3G service discontinuation within Ishikawa Prefecture until July 31, the company said... Read More

Srikapardhi March 2nd, 2024 11:06 PM 0 COMMENTS

Eutelsat OneWeb Starts LEO Service for Q-KON Banking Customers in South Africa

Eutelsat Group and Q-Kon, a satellite engineering enterprise for southern Africa, announced that multiple digital banks in South Africa have now gone live on Eutelsat OneWeb's Low Earth Orbit (LEO) service. "Both bank staff and their customers are reaping the benefits of these newly launched services, giving them access to consistent, secure connectivity required for the transmission of bank account and financial data in real-time," Eutelsat OneWeb said Thursday. Also... Read More

Yashika Goel February 29th, 2024 4:58 PM 0 COMMENTS

SoftBank, NEC, and Broadcom Successfully Verify Virtualization of RAN

SoftBank, NEC Corporation (NEC), and VMware, recently acquired by Broadcom, have jointly verified the virtualization of the radio access network (RAN). The technology companies have confirmed the feasibility of modernizing mobile networks by integrating Open Radio Access Network (O-RAN) architecture and Telco Cloud technology. O-RAN is a type of RAN that enables interoperability between mobile network equipment developed by various vendors. Also Read: NTT Docomo Selects NEC as a vRAN... Read More

Yashika Goel February 26th, 2024 4:30 PM 0 COMMENTS

MWC 2024: Deutsche Telekom, e&, Singtel, SoftBank, SKT Announce JV Plans for LLMs

SK Telecom, Deutsche Telekom, e& Group, Singtel, and SoftBank today announced plans to establish a joint venture (JV) at the inaugural meeting of the Global Telco AI Alliance (GTAA) at MWC Barcelona 2024. Through the Joint Venture Company, which will be established within this year, the five companies plan to develop Large Language Models (LLMs) specifically tailored to the needs of telecommunications companies (telcos). This announcement follows the launch of... Read More

Yashika Goel November 30th, 2023 4:47 PM 0 COMMENTS

DataBank Raises USD 533 Million to Fund Data Center Expansion

DataBank announced this week that it has raised capital totalling USD 533 million, combining debt and equity to support the construction of new data centres. The company said the financing includes USD 188 million in equity from existing and new investors, in addition to a USD 345 million construction loan for the upcoming ATL4 facility - a single-tenant, fully leased data centre located near Atlanta. Also Read: DataBank Announces Expansion... Read More

Srikapardhi November 10th, 2023 1:47 PM 0 COMMENTS

SoftBank Completes Nationwide Rollout of Advanced Optical Network With Fujitsu

Fujitsu and the Japanese telecom company SoftBank announced today that on October 26, SoftBank completed the nationwide deployment in core areas of an all-optical network in Japan. This network utilises a disaggregated architecture optical transmission system that supports open networks, including Fujitsu's next-generation optical transmission platform, 1FINITY T900. Also Read: KDDI, Fujitsu, Cisco Launch Multi-Vendor Metro Network, Combining IP and Optical Transmission Layer Liquid Cooling Technology In a statement, Fujitsu... Read More

Tanuja K November 2nd, 2023 12:32 PM 1 COMMENTS

Vi Gets Rs 2000 Crore from HDFC Bank

Vodafone Idea (Vi) received Rs 2000 crore from HDFC Bank, a leading financial institution in India. The fund will help the telco meet all the overdue license fees and 5G spectrum payments, according to an ET report. HDFC Bank has given Vi this loan for two years, and the funds were provided to the telco in mid-September 2023. Vodafone Idea has paid about Rs 1700 crore toward spectrum usage charge... Read More

Srikapardhi October 23rd, 2023 3:41 PM 0 COMMENTS

DataBank Announces Expansion of SL6 Data Center in Utah

DataBank, a provider of colocation, connectivity, and managed services, recently announced the expansion of one of its six Utah data centres (SL6) to support the growing demand for technological innovations in the region. In its official release, DataBank said it expects to complete the expansion in Q1 of 2024, adding 25,000 square feet of raised floor space and 6 MW of critical power, including a dedicated catcher reserve block. Also... Read More