Telenor spins off Connexion as 50-50 joint venture with investment firm Verdane to exploit IoT market growth
Telenor has announced that it will spin off Telenor Connexion as a 50-50 joint venture worth SEK 7.5 billion with Verdane, a buyout firm that invests in businesses fostering digitisation and decarbonisation. The deal will realise value from Telenor Connexion's "strong" market position and provide it with access to long-term growth capital. The parties expect to complete the transaction during 2026, subject to the necessary regulatory approvals.
Telenor spins off Connexion as 50-50 joint venture with investment firm Verdane to exploit IoT market growth
Telenor has announced that it will spin off Telenor Connexion as a 50-50 joint venture worth SEK 7.5 billion with Verdane, a buyout firm that invests in businesses fostering digitisation and decarbonisation. The deal will realise value from Telenor Connexion's "strong" market position and provide it with access to long-term growth capital. The parties expect to complete the transaction during 2026, subject to the necessary regulatory approvals.
Xavier Niel sells Proximus stake
Xavier Niel, the founder and chairman of Iliad, has sold his stake in the Belgian operator Proximus, according to a stock market filing by his company Saxo Holding. The stake was last declared at 6.61 percent of Proximus shares in October 2025, but has now fallen to less than 0.1 percent.
Xavier Niel sells Proximus stake
Xavier Niel, the founder and chairman of Iliad, has sold his stake in the Belgian operator Proximus, according to a stock market filing by his company Saxo Holding. The stake was last declared at 6.61 percent of Proximus shares in October 2025, but has now fallen to less than 0.1 percent.
Italy's antitrust to probe Fastweb+Vodafone, TIM 5G network sharing deal
Italy's competition authority AGCM has started an investigation into an agreement between Telecom Italia (TIM) and Fastweb+Vodafone to cooperate in the development of mobile access networks via a RAN sharing model. The probe follows the operators' announcement at the start of the year that they had reached a preliminary deal to share networks with a view to accelerating the expansion of 5G infrastructure in low-density population areas with less than 35,000 inhabitants.
Italy's antitrust to probe Fastweb+Vodafone, TIM 5G network sharing deal
Vodafone confirms small rise in FY results and targets further growth in new year
Vodafone Group reported higher results for its fiscal year to March 2026, supported by double-digit growth in Africa and modest gains in Europe. Group revenues rose 8.0 percent to EUR 40.46 billion, and adjusted EBITDAal was 3.8 percent higher at EUR 11.35 billion. Vodafone said EBITDA was near the high end of its forecast after excluding negative forex effects and the hyperinflation in Turkey. For the new year the company expects further growth, helped by the planned increase in its stakes in Safaricom and
Vodafone confirms small rise in FY results and targets further growth in new year
KT Q1 profit drops sharply after last year's one-off real estate gain
Korea Telecom (KT) reported consolidated revenue of KRW 6,778.4 billion for the first quarter of 2026, down one percent YoY. Operating profit fell 29.9 percent to KRW 482.7 billion. The decline was primarily driven by a high base effect from a prior-year real estate project and increased costs, with additional short-term subscriber churn linked to a penalty waiver programme following the operator's hacking incident. Operating expenses rose 2.3 percent YoY to KRW 6,295.7 billion.
KT Q1 profit drops sharply after last year's one-off real estate gain
OpenAI launches deployment company for enterprise AI rollouts
OpenAI has launched the OpenAI Deployment Company, a new business focused on helping organisations deploy AI systems across operational workflows and business processes. The company said the new unit would embed specialist engineers, referred to as Forward Deployed Engineers (FDEs), within customer organisations to support the design, testing and deployment of AI systems connected to enterprise data, tools and operational controls.
OpenAI launches deployment company for enterprise AI rollouts
Pexip and Wire target critical European sectors with service integration
Videoconferencing provider Pexip and secure workplace platform Wire will present an integration at AFCEA TechNet Cyber in Bonn on 12 May to provide sovereign, encrypted communications for governments, defence organisations and operators of critical infrastructure. They will combine Norway-based Pexip's secure video meeting and interoperability infrastructure with Germany company Wire's MLS-based encrypted messaging and collaboration platform.
Pexip and Wire target critical European sectors with service integration
SES returns to organic revenue growth in Q1 despite contraction at Media business
Satellite operator SES has confirmed the full‑year financial guidance published in early March, after the first quarter marked a "solid start" to the year with a return to organic revenue and adjusted EBITDA growth. On a reported basis, revenues rose 81 percent at constant currency to EUR 847 million, reflecting the consolidation of Intelsat from mid‑July 2025. Organically, the operator posted a 3 percent revenue increase (-1% in Q4) and a 5 percent rise in adjusted EBITDA (-16.1% in Q4), citing the positiv
SES returns to organic revenue growth in Q1 despite contraction at Media business
US FCC loosens restriction on foreign-produced routers to permit software updates until at least end-2028
The US Federal Communications Commission has tweaked its policy on consumer-grade internet routers manufactured abroad to ensure existing devices can receive security patches and other software updates for longer. In a notice issued by the FCC's Office of Engineering and Technology, the commission moved to extend waivers on software and firmware updates that mitigate security risks until at least 01 January 2029 from January 2027 previously. The exemption will also be expanded to cover a broader range of so
US FCC loosens restriction on foreign-produced routers to permit software updates until at least end-2028
Germany's 1&1 revenues rise 1% in Q1 while EBITDA remains flat
Germany's 1&1 said revenues increased by 1.1 percent year-on-year in Q1 2026 to EUR 1.15 billion, calling it a good start to the year. By contrast, service revenues declined by 1.2 percent during the period to EUR 910 million. EBITDA was little changed, dipping by 0.1 percent to EUR 192.4 million from EUR 192.5 million in the first quarter of 2025. Consumer & Small Business segment EBITDA declined by 9.4 percent to EUR 201.9 million, while Enterprises & Networks segment EBITDA improved to a loss of EUR 9.5
Germany's 1&1 revenues rise 1% in Q1 while EBITDA remains flat
VodafoneZiggo staff approve revised wage deal
Employees at Dutch operator VodafoneZiggo have approved a new collective labour agreement, following changes to the original deal. The union De Unie said 81 percent of the participating staff approved the agreement in a vote.
