mubadala
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Abu Dhabi-owned Mubadala Investment Company has bought a stake in Scandinavian carrier GlobalConnect from Swedish investor EQT. -
CityFibre shareholder Mubadala Investment Company has committed a further £300m in equity to support its participation in Building Digital UK’s (BDUK) ‘Project Gigabit’ rural programme.
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Princeton Digital Group has raised more than US$500 million in an equity fundraise that saw three investors backing the firm.
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IXcellerate has raised around $190 million in financing from new and existing investors.
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Yahsat is likely to price its IPO at AED 2.55 to AED 3.05 per share (US$0.69 to $0.83), raising up to US$810 million.
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Bank of America and Morgan Stanley have been hired as advisors for the potential initial public offering (IPO) of Al Yah Satellite Communications Company (Yahsat).
Forthcoming events
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Capacity Middle East 2024
Capacity Middle East is the largest carrier meeting for the Middle Eastern region, uniting the region’s key ICT players.
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Mubadala has announced that it will become a minority shareholder Group42 (G42), the Abu Dhabi-based artificial intelligence and cloud computing company.
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Saudi Arabia’s Public Investment Fund (PIF) has become the 10th investor to back Reliance Industries’ Jio Platforms, taking a 2.32% equity stake for US$1.5 billion.
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Two major UAE sovereign wealth funds have become the latest backers to claim a stake in India’s digital future in less than seven weeks, after Jio Platforms confirmed it has received almost US$2 billion over two deals.
