SoftBank Corp and Cubic Telecom Ltd announced that they signed a definitive agreement whereby SoftBank will invest approximately 473 million EUR in Cubic Telecom for a 51.0% equity stake in the company, at a valuation of over 900 million EUR. With this investment, SoftBank and Cubic Telecom will form a strategic global partnership to pioneer the future of software-defined connected vehicles and other high-value Internet-of-Things (IoT) assets by harnessing the power of global connectivity platforms. Cubic Telecom is a leading global provider of connectivity solutions to automotive, transportation and agriculture original equipment manufacturers (OEMs), and according to McKinsey & Company, 95% of new vehicles sold globally will be connected by 2030, and connected car use cases alone could deliver 250 billion USD to 400 billion USD in annual incremental value for the ecosystem, with Cubic Telecom poised to capture a leading share of this rapidly growing market.
Cloud and Enterprise Business
AWS, DXC to Accelerate Customers’ Cloud-Centric IT Journey
DXC Technology (DXC), a leading Fortune 500 global technology services company, and Amazon Web Services, Inc. (AWS), are expanding their long-standing relationship to help customers accelerate their journey to modern, cloud-centric IT.
Adtran and Intel Drive Optimized Edge Cloud Performance
Adtran is integrating Intel's NetSec Accelerator Reference Design with its Ensemble Cloudlet solution to enhance edge cloud deployments. This collaboration brings advanced security, faster data processing and improved networking performance to meet the rising demand for robust edge cloud solutions.
Netcracker Digital OSS Empowers Telecentro Argentina's Operations
Netcracker Technology announced that Telecentro, a leading communications service provider in Argentina, has expanded its deployment of Netcracker Digital OSS – part of Netcracker Digital Platform – to advance its operations automation and deliver new use cases across the entire business.
US Cable Operator to Benefit From Netcracker’s Next-Generation Revenue Management
Netcracker Technology announced that longstanding customer WOW! (WideOpenWest) has extended its relationship with Netcracker to provide a converged experience for its customer sales and care agents.
AWS, Anthropic Leverage Cloud and AI in $4 Billion Venture
Amazon and artificial intelligence firm Anthropic will bring together their respective industry-leading technology and expertise in a safer generative AI to accelerate the development of Anthropic’s future foundation models and make them widely accessible to AWS customers.
Nvidia-Backed CoreWeave in Talks for Stake Sale Worth Up to $8 Billion
As per reports, CoreWeave, a cloud provider backed by Nvidia, is in the early stages of exploring the sale of a minority stake that could potentially value the company at more than $8 billion.
Netcracker Introduces Groundbreaking Generative AI Solution for Telcos
Netcracker Technology announced its new GenAI Telco Solution, which brings the value of transformative Generative AI (GenAI) technology to the telecom industry. With the new solution, communications service providers (CSPs) can harness their valuable telecom data and knowledge in a secure and controlled way to bring exceptional benefits to customers, partners and their own businesses. This includes support for specialized telco-centric scenarios such as Care Assistant, Agent Partner, Sales Assistant, Catalog Assistant and Digital Operations Technician.
BMW Group Selects AWS to Power Next-Generation Automated Driving Platform
BMW Group has chosen Amazon Web Services (AWS) as the preferred cloud provider for its automated driving platform.
US Signal Partners with Cato Networks for SD-WAN Technology
US Signal announced a partnership with Cato Networks, which grants US Signal distribution rights for the Cato SASE Cloud throughout North America.