Elon Musk clinched a deal to buy Twitter for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world's richest person.
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Castle International Corp. (NYSE: CCI) ("Crown Castle") reported results for the first quarter ended March 31, 2022 and increased its full year 2022 outlook, as reflected in the table below.
KKR signed a definitive agreement under which KKR’s investment funds will purchase Barracuda Networks Inc. ("Barracuda" or "the Company"), a leading provider of cloud-first security solutions, from Thoma Bravo, a leading software investment firm. Financial terms were not disclosed.
I Squared Capital has closed its ISQ Global Infrastructure Fund III at the $15 billion legal cap, exceeding an initial target of $12 billion. Including commitments from I Squared Capital and a dedicated co-investment vehicle, the fund has $15.5 billion in investable capital and received commitments from over 200 institutional investors, including public and private pensions, sovereign funds, insurance companies, asset managers and family offices in 27 countries. I Squared Capital has targeted the deployment of approximately 36 percent of the fund in ten investments across its targeted sectors.
The importance of being connected to the internet has manifested during the COVID-19 pandemic. At the same time, such interconnections make networks vulnerable as a surge of cyberattacks has been recorded.
Following the IoT company’s request for rehabilitation proceeding with maintenance of activity for Sigfox and its French subsidiary early in 2022, Sigfox USA has reportedly filed for Chapter 7 bankruptcy, owing almost $150 million in unsecured debt.
The 5G era has undergone three full years of growth, exceeding a half-billion connections by the end of 2021. This number is expected to reach 4.8 billion by the end of 2026, where 516 million would likely come from North America.
Tony Lacavera’s Canadian investment firm Globalive Capital Inc has offered to buy Shaw Communications Inc’s wireless telecoms unit Freedom Mobile for C$3.75 billion ($2.94 billion) in cash, Reuters has confirmed to Telecom Review.
SpaceX founder and CEO Elon Musk announced that the company’s Starlink satellite internet service had expanded coverage to Ukraine, potentially providing the government with an alternative secure communications uplink as Ukraine’s military continues to resist invading Russian forces.
“To succeed as spectrum partners, the FCC and NTIA must hear from and listen to each other in both formal and informal ways,” said FCC chairwoman Jessica Rosenworcel. “A common understanding of spectrum engineering and market conditions is essential for the success of our efforts at the FCC and NTIA to manage the country’s spectrum resources,” said assistant secretary of commerce Alan Davidson.