Could Tareq Amin be Mavenir’s White Knight?
A possible $1B investment from Aramco Digital, led by Open RAN proponent Tareq Amin, could offer Mavenir a much-needed lifeline amid liquidity concerns and missed interest payments. The investment would focus on Open RAN developments in Saudi Arabia and regional markets.
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IQ Fiber to Purchase ThinkBig
IQ Fiber is set to acquire ThinkBig Networks, expanding its reach into Maryland. The deal, backed by SDC Capital Partners, could signal more consolidation in the FTTx space as IQ Fiber grows its network footprint.
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OpenAI, Meta Team with Orange on African Language AI
Orange, Meta, and OpenAI will collaborate to train AI models like Whisper and Llama 3.1 in African languages like Wolof and Pulaar. This initiative aims to enhance digital inclusion across Orange’s footprint in Africa.
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UK Funding Call for Satellite Connectivity Projects
The UK Space Agency has announced £3.5M in funding for hybrid satellite solutions in remote areas. Projects will explore integrating LEO/GEO satellites with 5G/6G to enhance connectivity in rural communities.
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Top Industry Headlines
- Amazon To Invest Additional $4 Billion In Anthropic
- Nokia Secures Deutsche Telekom Deal for Open RAN Rollout in Germany
- New Joint Venture to Transform Thailand’s Mobile Service Sector
- Ransomware Report: Telecommunications Sixth Among Most-Targeted Industries
- Bankruptcy Court Approves Akamai’s Edgio Acquisition
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In 1962, Telstar 1 became the world’s first active communications satellite, enabling the first transatlantic television transmission. It revolutionised global communications and paved the way for modern satellite networks.