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Ooredoo lands US$549m financing deal for AI data centre plan

Developing Telecoms

million ) financing deal to help fund its plan to accelerate its data centre business and establish itself as an AI infrastructure heavyweight in the MENA region. Qatar-based Ooredoo Group announced on Tuesday it has signed a QAR 2 billion (US$549.4

Finance 240
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North Korea moves to stabilise its e-payments network

Developing Telecoms

North Korea’s Pyongyang Information Technology Bureau is reportedly conducting inspections of the country’s electronic payments network to update equipment and stabilize operations in a drive to boost confidence in the country's transition to digital finance.

Finance 246
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Argentina’s Refefo upgrade finally close to completion

Developing Telecoms

Argentina’s telecoms regulator Enacom has approved extra financing to finish a project undertaken by Argentinian state-owned telecommunications company Arsat to increase the capacity of its fibre optic network.

Finance 261
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Ukraine’s newest telco to receive $435m investment from EBRD, IFC

Total Telecom

News The move is the largest direct foreign investment in Ukraine since the war began This week, the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have confirmed they will jointly invest $435 million into Ukraine’s newest converged telco.

Finance 271
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BT says Labour’s budget will cost company £100m 

Total Telecom

This was “primarily due to lower revenue, higher specific costs and higher net finance expenses,” the company explained. The company has reported 446,000 new active connections on this network, raising its total to 5.5 Reported profit before tax sits at £1 billion, down 10%. Openreach passed 2.1 million premises for FY25.

Telecoms 266
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TIM receives €700m bid for Sparkle 

Total Telecom

Earlier this year TIM finalised the sale of its domestic fixed line network (NetCo) to US fund KKR after a lengthy back and forth process. If accepted, the deal could significantly reduce TIM’s debt burden and provide the company with the financial flexibility to invest in its core operations and future growth.

Finance 205
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HCLTech rated as a Leader in ISG Provider Lens™ Finance and Accounting Outsourcing Services report for 4th year in a row

HCL Tech

The company’s strong alignment with CFO strategies, partner ecosystem and expertise in technology applications like digitalCOLLEAGUE , EXACTO™ and TOSCANA© , cements its status as a global leader in finance and accounting services. Consolidated revenues as of 12 months ending September 2024 totaled $13.7

Finance 52