Telecom Italia to raise €250M from Inwit stake sale
Telecom Italia inked a deal to offload its residual interest in tower business Inwit for €250 million to an entity led by investment company Ardian.
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MVNO group Lebara to change hands
Investment company Waterland Private Equity inked a deal with the owners of Lebara Group to acquire the multi-market MVNO for an undisclosed sum, as the buyer cited the opportunity for the mobile player’s further expansion.
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Millicom board unimpressed by upped takeover bid
A committee representing Millicom’s board dismissed a revised buyout offer from one of Xavier Niel’s investment companies for significantly undervaluing the operator group, as it remained unmoved from its position advising shareholders to turn the cash down.
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Vodafone, 3 UK probe deadline pushed back
The UK Competition and Markets Authority (CMA) shifted the deadline for its investigation into the proposed merger of Vodafone and CK Hutchison’s local telecoms units to 7 December, potentially adding another eight weeks to an already extended process.
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Apple reportedly delays vaunted AI feature launch
Apple’s heavily promoted iPhone AI tools will arrive later than originally anticipated, Bloomberg reported, with the features now scheduled for an update to iOS18 expected a few weeks after the first version.
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Irish regulator probes proposed Cellnex asset sale
The Republic of Ireland’s competition authority opened an in-depth investigation into the implications of Cellnex’s proposed sale of its local business to peer Phoenix Tower International.
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US retailer inks Ocado warehouse robotics deal
Grocery giant Kroger expanded a partnership with industry platform provider Ocado Group to install the latter’s latest warehouse automation technology across multiple sites in the US.
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IT outage hit 8.5M Windows devices
A global service outage caused by a software update pushed by CrowdStrike impacted an estimated 8.5 million Windows devices, Microsoft revealed, as the under-fire security vendor continued to work on repairing the damage over the weekend.
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Anthropic teams with VC backer on $100M AI fund
Investment company Menlo Ventures and developer Anthropic launched a $100 million fund earmarked for early stage AI start-ups, with those being backed set to be given cash, advice and $25,000 in credit to use the latter’s most advanced models.
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Aerospace manufacturer targets AI revolution
Component manufacturer Jeh Aerospace signed a deal with Blackstraw AI to integrate the latter’s platforms into its operations, a move designed to improve workflows and up supply chain transparency.
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