On Wednesday, U.S. private equity group Carlyle stated, it has decided to purchase a 25% stake in Indian telecom firm Bharti Airtel Ltd’s data center arm for $235 million. The development marks the rapid growth of digital services in India. In a statement both companies said, the acquisition will provide Airtel’s Nxtra Data Ltd an…

On Monday, in a significant development, the Dutch government began auctioning airwaves for 5G networks with a floor of $1 billion (900 million euro). Telecommunication companies including Vodafone, KPN, and T-Mobile are participating. The auction is for the 700, 1400 and 2100Mhz frequency ranges. The companies will submit bids in a series of daily rounds…

In a development that signals a change in its business model, Sony Corp stated, it’s image sensor business aims to replicate the PlayStation’s success to address its reliance on a handful of manufacturers in the fiercely competitive smartphone market – it plans on selling software by subscription for data-analyzing sensors in situ. Much akin to…

In a significant development, three of China’s biggest state-owned airlines have taken delivery of their first ARJ21 short haul 90-seater aircraft made by state-owned Commercial Aircraft Corporation of China (COMAC). In a statement COMAC said, China Eastern Airlines Corp Ltd, Air China Ltd, and China Southern Airlines Co Ltd have received the aircraft; they would…

On Thursday, in a significant development, A.P. Moller-Maersk, the world’s largest container shipper, said it will team up with industry majors to set up a research center in Denmark with the aim of reducing carbon emissions in the shipping industry. Denmark’s Maersk, which said it wants to be carbon-neutral by 2050, said the research center…

In a significant development, Singapore’s biggest wireless network operators have selected Nokia and Ericsson to build their core 5G networks. The development comes midst a growing awareness by countries on threats posed by China’s Huawei and comes in the wake of trade tension between Singapore’s biggest trading partners, the United States and China. Singapore had…

On Thursday, a report from the Australian Financial Review said, Amazon Inc is expanding its footprint in the country and plans on building a warehouse in Sydney. It is also looking to install a giant facility in Melbourne. A spokeswoman for Amazon declined to comment on ‘speculations or our future plans.’ In a separate stock…

According to documents filed with the state government, Tesla Inc plans on building a battery research and manufacturing facility in Fremont, California, which will be operated around the clock, under a project dubbed Roadrunner. The plan underscores efforts being made by the U.S. electric vehicle (EV) maker to create their own automotive batteries, which incidentally…

Nvidia Corp has entered into a deal with Daimler to develop and equip Mercedes-Benz cars with next generation graphic chips and software platform that could eventually be used for autonomous driving functions. The alliance allows Mercedes to jointly develop new automated driving capabilities and software applications and comes at a time when the auto industry…

In a significant development, Gilead Sciences Inc said, it expects to be able to produce twice the quantity of its coronavirus fighting drug remdesivir to COVID-19 patients by the end of this year. It expects to serve to at least 2 million COVID-19 patients by this time frame. Gilead hopes to start trials of an…