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Buying out LatAm telecom Millicom is a topic of discussion between Apollo and Marcelo Claure.

Millicom International Cellular is in talks with Apollo Global Management and former SoftBank executive Marcelo Claure about a takeover. According to

Millicom International Cellular is in talks with Apollo Global Management and former SoftBank executive Marcelo Claure about a takeover. According to one person familiar with the situation, the group is considering a bid in the high teens per share. The transaction could be worth around $10 billion, including debt, for the Latin American telecoms company. Apollos interest in Millicom demonstrates the investment firms willingness to invest in the communications sector. Apollo paid $7.5 billion for a unit from communications company Lumen Technologies last year. Claure also has a strong background in the telecommunications industry, having founded mobile phone distributor Brightstar. Read More..

B2B Tech News | 2 years ago          

The banks of Europe are feeling the sting of rising interest rates.

Rising borrowing costs are providing muchneeded relief to Europes beleaguered banks, but there is a catch. Rising interest rates herald a slowdown in

Rising borrowing costs are providing muchneeded relief to Europes beleaguered banks, but there is a catch. Rising interest rates herald a slowdown in an economy beleaguered by war and skyrocketing prices that squeeze borrowers. When European banks release their 2022 results, they will reveal how this trend is affecting them. The Bank of England is preparing for an interest rate hike, while the UK property market is shaky. Banks have halted property fund withdrawals, putting 15 billion pounds in jeopardy. Commercial property lending has been particularly active in Germany and Austrian banks. Read More..

B2B Tech News | 2 years ago          

Commercial individualism to Latin American collective consumption.

The arrival of the COVID19 pandemic strengthened ecommerce channels, transforming the way consumers buy and pay. According to Statista, there are appr

The arrival of the COVID19 pandemic strengthened ecommerce channels, transforming the way consumers buy and pay. According to Statista, there are approximately 300 million digital shoppers in Latin America, a figure that is expected to grow by more than 20% by 2025. The winning formula is to incorporate collectivism who to shop with, digitalization via what channels, and innovation via what formats into brand strategies. This will enable brands to meet shortterm objectives by enhancing the consumer experience without abandoning traditional market strategies. Read More..

B2B Tech News | 2 years ago          

By 2031, the UCaaS market will be worth US$85.7 billion, driven by remote working.

The global market for Unified Communication as a Service UCaaS is expected to reach $85.7 billion by 2031. Demand for UCaaS solutions will increase, w

The global market for Unified Communication as a Service UCaaS is expected to reach $85.7 billion by 2031. Demand for UCaaS solutions will increase, with the top five providers accounting for approximately 36.5% of the total market in 2020. According to newly released data on the UCaaS demand outlook, it indicated a 12.8% yearonyear growth in 2021. From 2019 to 2021, the demand for Unified Communication as a Service UCaaS is expected to increase by 10.3% to 12.8% year on year. North America is expected to dominate the UCaaS market. Customers rapid adoption of cloud communication is driving a demand for increased user productivity and flexibility. Read More..

B2B Tech News | 2 years ago          

To reflect a new panAfrican strategy, Cape Innovation and Technology Initiative changed its name to UVU Africa.

The Cape Innovation and Technology CiTi, regarded as Africas oldest innovation incubator together with its Bandwidth Barn, has changed its name to UVU

The Cape Innovation and Technology CiTi, regarded as Africas oldest innovation incubator together with its Bandwidth Barn, has changed its name to UVU Africa to reflect its new panAfrican strategy. Since its founding in 1999, CiTi has had a significant impact on the development of the Cape Town and South African technology and entrepreneurship ecosystems. CiTi collaborates with the government, academia, business, and society to promote inclusive growth of the digital economy. UVU Africas core values serve as its guiding principles. The organisation also opened a 250m2 stateoftheart biotech laboratory and a new innovation hub in Cape Town, which will help the regions biotech industry thrive and its tech and innovation ecosystem. Read More..

B2B Tech News | 2 years ago          

Global Markets As recession fears subside, Asian stocks reach a ninemonth high.

The largest AsiaPacific share index, as measured by MSCI, increased by as much as 0.55 percent to close at 562.10, a level not seen in nearly nine mon

The largest AsiaPacific share index, as measured by MSCI, increased by as much as 0.55 percent to close at 562.10, a level not seen in nearly nine months. The index, which dropped nearly 20% last year, is on track to have its best January performance ever after rising nearly 11% so far this month. With the German DAX futures up 0.28 percent and the Eurostoxx 50 futures up 0.3 percent, European stock futures suggested that equities would increase. The Hong Kong Hang Seng index was little altered after rising more than 2 percent on Thursday, while Japans Nikkei index increased by 0.05 percent. After the Lunar New Year break, trading is expected to resume on Monday on the mainland of China. Read More..

B2B Tech News | 2 years ago          

Swedens Husqvarna will now have a 12 percent stake from German company Bosch.

In an effort to enhance the businesses battery cooperation, Bosch ROBG.UL announced on Friday that it had decided to boost its stake in Husqvarna HUSQ

In an effort to enhance the businesses battery cooperation, Bosch ROBG.UL announced on Friday that it had decided to boost its stake in Husqvarna HUSQb. ST to around 12%, making it one of the Swedish companys largest owners. Following the deals announcement, shares of lawn equipment maker Husqvarna were up 12.6% by 0839 GMT. In 2020, the Bosch power tool division established a Power for All Alliance with Husqvarna subsidiary Gardena. The statement continued, A full takeover is not currently planned. The opening paragraph of this article has been changed to reflect that Bosch will be one of Husqvarnas largest shareholders, not the largest stakeholder. Read More..

B2B Tech News | 2 years ago          

Denodo, a leader in data management, is certified by AWS.

Denodo has obtained ISV Competency status for Data and Analytics in Amazon Web Services AWS. The platform of the data management company for AWS accel

Denodo has obtained ISV Competency status for Data and Analytics in Amazon Web Services AWS. The platform of the data management company for AWS accelerates time to insight and data services. Amazon Redshift, Amazon Simple Storage Service Amazon S3, and Amazon RDS are natively connected to Denodo. Denodos sophisticated data library can immediately surface existing datasets to business users for selfservice documentation. The number of people accessing the data platform at Syngenta has increased by 35 times, spurring widespread adoption of datadriven decisionmaking. Read More..

B2B Tech News | 2 years ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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