Category: Telecom

BusinessTelecom

KKR Forgoes FiberCop Dividends Amid Italian Telecoms Customer Losses

Private equity firm KKR has reportedly decided to forgo dividends from its Italian telecoms business FiberCop following significant customer losses. The €22bn Telecom Italia acquisition faces challenges as the company falls short of initial projections amid government pressure to merge with state-controlled rival Open Fiber.

KKR’s Italian Telecom Investment Faces Headwinds

Global investment firm KKR has chosen to forgo dividends from its Italian telecommunications venture FiberCop after accelerated customer losses, according to reports from the Financial Times. The decision suggests one of Europe’s largest private equity deals may be underperforming initial expectations, with the €22bn acquisition of Telecom Italia’s fixed-line network business facing operational challenges.

by Priya Kapoor
TechnologyTelecom

Bharti Airtel and IBM Forge Cloud Partnership to Expand AI Services in India

India’s Bharti Airtel has teamed up with IBM to offer cloud services through its Airtel Cloud platform. The partnership aims to address growing demand for AI and data storage solutions in regulated sectors like banking and healthcare.

Major Cloud Expansion Initiative

India’s second-largest telecom operator Bharti Airtel has partnered with American technology giant IBM to offer cloud services through its recently launched platform, according to reports from Reuters. The collaboration comes as demand for computing capacity continues to grow significantly throughout India.

by Samuel Kim