Braziian telecom sector undergoes 14% rise in foreign direct investment in first 4 months
BRAZIL 14:58

Braziian telecom sector undergoes 14% rise in foreign direct investment in first 4 months

Foreign direct investment in Brazil's telecommunications sector reached BRL 11.5 billion in the first four months of 2026. This includes BRL 3 billion in April alone, marking a 14 percent increase compared with the same period in 2025. This surge, based on Central Bank data analysed by the Ministry of Communications, is attributed to the expansion of 5G, broader connectivity networks, and Brazil's emergence as a key data centre hub in Latin America, currently holding about half of the region's installed cap

Odido Q1 revenue up 1.9% as broadband base grows by 3k and mobile base loses 7k
NETHERLANDS 10:06

Odido Q1 revenue up 1.9% as broadband base grows by 3k and mobile base loses 7k

Dutch operator Odido increased both revenue and profitability during the first quarter of 2026. Service revenue rose 2.7 percent year-on-year to EUR 487 million, while total revenue grew 1.9 percent to EUR 590 million, according to an analysis of the company's quarterly results by New Street Research and estimates by Telecompaper.

Iraqi Communications & Media Commission orders Korek shutdown after canceling debt agreement
IRAQ 08:34

Iraqi Communications & Media Commission orders Korek shutdown after canceling debt agreement

The Communications and Media Commission (CMC) in Iraq has officially terminated its settlement agreement with Korek Telecom and ordered an immediate suspension of the company's operations, Iraqi News reported. The industry regulator announced the regulatory and legal clampdown on 02 June, targeting the mobile operator's assets to recover an estimated USD 1.5 billion in outstanding regulatory and licensing debts. 

South African Telkom Group FY revenue rises 1%
SOUTH AFRICA 07:45

South African Telkom Group FY revenue rises 1%

South Africa's Telkom Group has announced that its revenue increased by 1.4 percent year-on-year to ZAR 44.48 billion in the financial year ended March, driven by robust data revenue growth of 7.6 percent. Data revenue now contributes 59.8 percent of total group revenue, up from 56.4 percent in the prior year, underscoring the ongoing structural shift in the revenue mix towards mobile and fibre.

VodafoneZiggo expects broadband subscriber losses to end this quarter
NETHERLANDS 06:55

VodafoneZiggo expects broadband subscriber losses to end this quarter

VodafoneZiggo CEO Stephen van Rooyen expects the Dutch telecom operator to stop losing broadband customers during the current quarter. Speaking to Financieele Dagblad, he said the operator has already seen a steady reduction in customer losses over the past four quarters and now anticipates stabilisation, with the possibility of slight growth in its broadband base.

Megaport to build global AI inference cloud across 1,100 data centres
GLOBAL 06:42

Megaport to build global AI inference cloud across 1,100 data centres

Australian-based global network-as-a-service (NaaS) provider Megaport has announced four new AI infrastructure contracts with a combined total contract value of approximately AUD 458.9 million and plans to establish an on-demand GPU pool as part of a broader strategy to build a globally distributed AI inference platform. The company said the contracts are focused on supporting AI inference workloads and will require approximately AUD 369.5 million in capex, primarily for Nvidia GPUs, networking and storage

AirTrunk to invest USD 21 billion in 3 GW data centre deployment in India
INDIA 06:16

AirTrunk to invest USD 21 billion in 3 GW data centre deployment in India

Australia's AirTrunk has signed a letter of intent for land allotment in India's western state ‌of Maharashtra for the deployment of a data centre. Overall investments in the project will reach USD 21.05 billion, Reuters reports, citing the Chief Minister of Maharashtra state via a post on X. According to the same source, the the data center will be located in the Raigad Penn Growth Centre, on the outskirts of the financial capital Mumbai.

STT GDC secures first green loan in IDR 8.8 trillion Jakarta data centre expansion
INDONESIA 05:59

STT GDC secures first green loan in IDR 8.8 trillion Jakarta data centre expansion

ST Telemedia Global Data Centres (STT GDC) has announced the expansion of its Indonesia financing platform, supporting the development of the STT Jakarta data centre campus, including STT Jakarta 3. The upsized dual-currency facility of IDR 8.8 trillion (approximately USD 500 million) includes a maiden green term loan tranche, marking the company's first green financing in Indonesia.

Swansea Bay City secures GBP 44.8 mln digital connectivity investment
UNITED KINGDOM 2 JUN

Swansea Bay City secures GBP 44.8 mln digital connectivity investment

The Swansea Bay City Region secured digital connectivity investment worth GBP 44.8 million during 2024/25, according to the new report from Farrpoint. This includes GBP 2.2 million through the Swansea Bay City Deal Infrastructure Programme, which was used to fund major projects such as the PSBA Full Fibre Infrastructure Build and the Dark Fibre East project.

Kcell revenues rise 13% in Q1
KAZAKHSTAN 2 JUN

Kcell revenues rise 13% in Q1

Revenues of Kazakh operator Kcell reached KZT 68.50 billion in the first quarter of this year, an increase of 13.38 percent year-on-year. It said services revenues in Q1 amounted to KZT 54.25 billion, up by 9.85 percent. EBITDA increased by 21.08 percent to KZT 26.10 billion and net profit soared by 258.13 percent to KZT 4.29 billion.

Brazil's Valenet projects BRL 450 mln revenue in 2026
BRAZIL 2 JUN

Brazil's Valenet projects BRL 450 mln revenue in 2026

Brazilian regional ISP Valenet expects to reach BRL 450 million in revenue for 2026, reported Diario do Comercio. The company has become the second-largest provider in the state of Minas Gerais and among the top 20 nationally. With over 216,000 customers and consistent annual growth of at least 20 percent since 2017, Valenet invests more than BRL 100 million annually and plans further acquisitions in Minas Gerais.

Yondr obtains letter of credit and holdco facility to fund North American and European expansions
NORTH AMERICA 2 JUN

Yondr obtains letter of credit and holdco facility to fund North American and European expansions

Hyperscale data centre developer and operator Yondr said it has secured two new corporate facilities to fund its expansions in Europe and North America as demand for digital infrastructure continues to accelerate. They comprise a new global letter of credit (LC) facility and a European holdco facility. The LC supports utility-related letter of credit requirements, which are increasingly important in securing power for large-scale developments. The holdco facility will support continued growth in Europe, red

EGYPT 2 JUN

Egypt invests over USD 6 bln in telecom infrastructure since 2019

Egypt has spent over USD 6 billion since 2019 to upgrade its fixed and mobile internet infrastructure, Ahram Online reported citing ICT minister Raafat Hendy. It also allocated 410 MHz in new frequency bands to its four telecom operators in February for USD 3.5 billion. Hendy's remarks were made at a meeting with prime minister Mostafa Madbouly to review the ministry's work plans and follow up on ongoing projects.

GLOBAL 2 JUN

STMicroelectronics raises FY sales forecast for data centre products on strong AI demand

STMicroelectronics said it anticipates higher FY revenues in its data centre product lines in light of surging AI infrastructure demand and improved supply chain visibility. The firm now anticipates data centre revenues in 2026 will arrive at about USD 1 billion, up from above USD 500 million previously predicted. ST's projection for data centres in FY27 has been lifted accordingly, with revenues now expected to increase twofold to approximately USD 2 billion next year. The company is scheduled to publish i

LATVIA 2 JUN

Mobilly FY revenues climb 42%

Revenues at Latvian mobile payment services provider Mobilly reache dEUR 5.9 million in 2025, up by 42 percent year-on-year, reports Db.lv. The customer base grew by 15 percent to more than 600,000. Mobilly runs a public transport ticketing system and  also provides mobile parking services.

GLOBAL 2 JUN

DriveNets raises USD 410 mln in financing round to support AI fabric pipeline

Networking products company DriveNets said it has completed a USD 410 million Series D financing round, reaching USD 1 billion total capital raised. It will use the extra funding to scale inventory to support its growing artificial intelligence fabric pipeline and expand its heterogeneous AI infrastructure products. The funding round was led by Bessemer Venture Partners and Atreides Management. New investors AMD and Red Dot Capital joined alongside existing investors Pitango and D1 Capital Partners.

NETHERLANDS 2 JUN

Open Dutch Fiber revenue grows 36% in 2025, Odido remains anchor tenant

Open Dutch Fiber (ODF) increased its revenue by nearly 36 percent to EUR 48.2 million in 2025, according to its annual report. The company's largest customer, Odido remained the company's main customer, accounting for 75.5 percent of total revenue, or EUR 36.4 million, as anchor tenant on ODF's network.

FRANCE 2 JUN

Bpifrance, Mistral and MGX to invest in second AI campus project

Three members of the French‑Emirati consortium known as 'Campus AI' have announced plans to develop a second project at a yet-to-be-disclosed location in France. This additional AI campus is backed by the consortium's two founding partners, Bpifrance and MGX, in collaboration with French generative AI company Mistral AI, which joined 'Campus AI' a year ago. This second AI campus will require an initial investment of EUR 7.5 billion, nearly matching the budget of the first phase of the consortium's initial p

GLOBAL 2 JUN

Anthropic submits draft statement for IPO

Anthropic said it has confidentially submitted a draft registration statement with the US Securities and Exchange Commission for a proposed initial public offering (IPO) of its common stock. This gives it the option to go public after the SEC completes its review. The proposed IPO would depend on market conditions and other factors, and the number of shares to be offered and the price have not yet been set, Anthropic said.

AUSTRALIA 2 JUN

Firmus and Subco to build new Tasmania-Mainland Australia fibre link

Australian AI infrastructure company Firmus and subsea cable company Subco have announced plans to build a new submarine fibre optic cable connecting Tasmania to mainland Australia, marking what they say will be the first new subsea fibre connection for the state in more than 20 years. The cable, named Bernacchi-1 after Tasmanian-raised physicist and Antarctic explorer Louis Bernacchi, will connect Tasmania to Subco's Sydney, Melbourne, Adelaide and Perth (SMAP) cable system. 

AUSTRALIA 2 JUN

TPG reports mobile subscriber growth and reaffirms FY26 guidance

TPG Telecom has forecast total mobile subscriber growth of approximately 70,000 to 80,000 in the first half of 2026, driven primarily by its digital-first and MVNO channels, while continuing to shed NBN customers in a competitive fixed broadband market. The figures were released on 2 June 2026 as part of a trading update accompanying the company's annual investor day in Sydney. Postpaid mobile numbers are expected to be broadly flat against the prior corresponding period, while digital-first brands are fore

GLOBAL 2 JUN

HPE reports strong Q2 networking growth and raises outlook

Hewlett Packard Enterprise (HPE) reported record quarterly revenue of USD 10.7 billion for the three months ended 30 April 2026, driven by growth in its networking and AI infrastructure businesses. The company said second quarter revenue increased 40 percent year-on-year, with networking emerging as the fastest-growing segment. Networking revenue rose 148.2 percent to USD 2.7 billion during the quarter.

UNITED STATES 2 JUN

Iren secures USD 3.65 bln facility to support Microsoft AI cloud contract

Australian-headquartered neocloud provider Iren has completed a USD 3.65 billion investment-grade financing facility to support the deployment of GPU infrastructure for its AI cloud contract with Microsoft. The financing package consists of a USD 2.1 billion private placement in the United States at a fixed rate equivalent to SOFR plus 2.13 percent, and a USD 1.55 billion delayed draw term loan priced at SOFR plus 2.25 percent. The company said the blended cost of debt across the facility is 6 percent.

IRELAND 1 JUN

Cnam funds media literacy, countering disinformation projects

Irish broadcasting and media regulator Coimisiun na Mean (Cnam) has awarded funding of over EUR 268,000 to three Media Literacy and Countering Disinformation projects in 2026. The three projects are being run by DCU FuJo/EDMO Ireland, the Local Government Management Agency (LGMA) and ESRI. The grants complement the regulator's ongoing work to tackle disinformation.

Just In

15:15

BDx secures 1.2 GW power deal for Indonesian data centres

15:07

Ericsson appoints Eduardo Mazo as Southern Cone Network Operations head

15:05

Vero invests BRL 110 mln in 'Vero Controle Mais' mobile service expansion

15:01

Portuguese telecom complaints resurge in Q1 with Meo attracting most gripes

Commentary

5 MEI 10:55

KPN: the art of making one-offs structural

4 MEI 14:25

Open Dutch Fiber outlook: time to restart roll-out?

20 APR 10:36

Netflix back to organic growth and doing just fine

11 FEB 12:29

Odido shareholders face tricky exit after abandoned IPO

Background

1 JUN 00:13

The week in telecom: EU telcos push sovereign services as governments question foreign tech investors

23 MEI 23:42

The week in telecom: Starlink ready to go public, Singapore telco M&A and Google courts AI subscribers at I/O

18 MEI 00:31

The week in telecom: US operators mount rural satellite challenge, Cisco cashes in on AI boom

11 MEI 00:53

The week in telecom: Lumen, NTT turn to data centre market to revive growth, Hutchison exits UK