financial markets
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“People are investing ahead of the demand,” warned Alibaba chairman Joe Tsai, speaking about the current wave of data centre build-outs. As a billionaire investor and Jack Ma’s long-time right-hand man, Tsai knows a thing or two about spotting froth in the market. His view on the sector’s rapid growth? “I start to see the beginning of some kind of bubble.” -
Low latency network solutions provider Avelacom has added AWS São Paulo to its portfolio of direct cloud connectivity locations, providing institutional crypto trading firms with streamlined access to Brazil’s B3 exchange.
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President Trump shocked the world late last week with sweeping tariffs that have sent stock markets tumbling. The new levies could severely hamper the data centre boom as just about every major cost centre required for buildout was subject to the new taxes.
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Analysis from GlobalData claims that initial public offerings (IPOs) in the telecoms, media and technology (TMT) space increased 72% last year when compared to 2020.
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BSO has partnered with EllaLink to commercialise ultra-low latency connectivity for financial trading firms.
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Helios Towers saw revenue growth of 4% over the first half of the year, as the number of sites owned increased by 21%.
Forthcoming events
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India's Vodafone Idea reported a revenue decline of 11.8% quarter on quarter in its Q4 financial results this week.
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Helios Towers says it has raised US$160 million in equity and bonds in order to invest in more tower infrastructure in Africa and elsewhere.
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Major companies are reporting their Q1 results.
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ESG funds – equities and bonds that focus on environmental, social and governance factors – should be leveraged to provide a solution for South Africa's digital divide.
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Dan Caruso’s new venture, ColdQuanta, has appointed Rushton McGarr from one of its shareholders as CFO.
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Interest rates, acquisitions and auction costs were the leading topics to be tackled during the CEO Panel Discussion at Metro Connect USA 2021.
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Mexican telco America Movil expects to spend US$8 billion in capex this year, in part to fund the purchase of 5G spectrum in Mexico.
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Amdocs recorded its "best-ever performance in North America and Europe" in the three months to December, with profitability up on last year.
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Ericsson has posted an operating margin on 12.5% in its latest financial results, confirming the attainment of its 2022 profitability target two years ahead of schedule.
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At 1.5 million AT&T has recorded its best full year of post-paid phone net adds in a decade and its "second lowest post-paid phone churn ever".
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Cordiant Digital Infrastructure is targeting a raise of £300 million as it lists on the specialist fund segment of the main market of the London Stock Exchange.
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Ethiopia's state-run telco Ethio Telecom saw a 12% increase in revenues in the six months to the end of December 2020.
