In this week's news roundup, we looked at the top news stories from the B2B tech & telecoms industry. The stories cover topics including subsea cables, agri-tech, mobile and IoT news. Here are our highlights from the week.
monday:
Telecom Egypt signs agreement with St Helena Government to provide it with its first subsea solution
Telecom Egypt and St Helena Government (SHG) have signed an agreement to connect the Island to Telecom Egypt’s subsea system over the Equiano submarine cable system.
The cable, along with the associated high-speed internet, is planned to be delivered to the Island by early 2022.
Read the full story here: https://bit.ly/3mLpFLK
Cloud market growth rate boosts to $33bn in 2020
New data shows that Q3 enterprise spending on cloud infrastructure services were almost $33 billion, up 33% from Q3 2019, according to Synergy Research Group.
The year-on-year growth rate for Q3 was higher than the 32% growth seen in the previous quarter, demonstrating the health of the market.
Read the full story here: https://bit.ly/3epmHJN
Tuesday:
How Artificial Intelligence Can Help Farmers Scout Crops
Farmers have had good scouting imagery technology for many years now, and this is an area that is ripe with new opportunity from automation and artificial intelligence.
Thanks to innovations from emerging agri-tech startups, the technology is evolving quickly.
Read the full story here: https://bit.ly/328Xf6r
BT turning Belfast Harbour into 5G hub
Read the full story here: https://bit.ly/38dNM1k
Wednesday:
Ericsson closes $1 billon acquisition of Cradlepoint
Ericsson has completed its acquisition of Cradlepoint , a US-based provider of wireless edge 4G and 5G solutions for the enterprise market.
The investment underscores Ericsson’s development strategy to gather a market share in the rapidly expanding 5G enterprise space.
Read the full story here: https://bit.ly/34RULv0
Precision Farming Market to cross $12 billion by 2025
The Global Stationary Battery Storage Market is set to grow from its current market value of more than $4 billion to over $12 billion by 2025, according to a new research report by Global Market Insights, Inc.
The software segment is expected to hold a share of over 38% of the precision farming market in 2025.
Read the full story here: https://bit.ly/2U2X2wY
tHURSDAY:
Barclays opens farm to encourage agri-tech innovation
A farm-lab experimenting with some of the latest agri-tech has been opened by Barclays as part of its network of co-working spaces to help start-ups develop.
The farm, located at Lincoln University's Riseholme research campus, will offer entrepreneurs and researchers access to some of the latest technology.
Read the full story here: https://bit.ly/3l01WXr
TikTok partners With Shopify for social commerce
TikTok is embracing social shopping via a global partnership with popular ecommerce platform Shopify.
Shopify's more than one million merchants will now be able to create and deploy shoppable video ads on TikTok directly from the Shopify dashboard.
Read the full story here: https://bit.ly/2TTAheS
Friday:
Egypt awards spectrum worth $1.1 billion to boost mobile services
Mobile carriers in Egypt have acquired 10-year licenses for spectrum in the 2.6 GHz TDD band.
Together, Vodafone Egypt, Etisalat Misr and Telecom Egypt spent US$1.2 billion on additional spectrum.
Read the full story here: https://bit.ly/3p21evs
Virgin Media delivers UK’s biggest gigabit switch on to 3 million people
The operator has activated its latest network upgrade, bringing 3 million people access to gigabit speeds in London and Northern Ireland
Read the full story here: https://bit.ly/32lOvdo
