TIM and Ardian, a leading global private investment company, have reached an agreement for a consortium of institutional investors led by Ardian to invest in a newly formed holding company in which will be transferred a 30.2% share of the co-controlling stake in Infrastrutture Wireless Italiane SpA ("INWIT"), currently held by TIM. 

Read more: Telecom Italia sells stake in mobile tower group

Nokia announced that it has been awarded two contracts with China-based webscale giants, Tencent and Baidu, for data center interconnect (DCI) network solutions. Tencent and Baidu will strengthen their already strong relationship with Nokia to build out their software-defined DCI infrastructure, providing them with the dynamic, massive-scale optical bandwidth needed to support growing cloud operations in China and the US.

Read more: Nokia to provide optical data center interconnect infrastructure for leading cloud providers

Sparkle, the first international service provider in Italy and among the top ten global operators, reinforces its Point of Presence (PoP) at Namex, in Rome, providing customers with remote peering capabilities through its Virtual NAP service.

Read more: Sparkle enhances its PoP at Namex with remote peering capabilities

Integrated Telecom Company (ITC) coverage of fiber optic service exceeded the barrier of 400k homes across different regions and cities in the Kingdom in a record time. This is part of the company’s role in the initiative to deploy fiber optics broadband coverage across urban regions in the kingdom.

Read more: ITC coverage exceeds 400,000 homes

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