Verizon will use Amazon’s low Earth orbit satellites to extend 4G and 5G
Verizon has made a deal to use Amazon’s low Earth orbit satellites to add capacity to the Verizon cellular network and provide fixed-wireless Internet service in rural parts of the US, reports Arstechnica. Verizon said it will use Amazon satellite connectivity for both consumers and large businesses.
Verizon already provides LTE home-Internet service in rural areas and 5G home-Internet service in urban areas. But availability is limited, and Verizon plans to use Amazon Kuiper to expand its fixed-wireless offerings. According to the companies, the integration will leverage antenna development already in progress from the Project Kuiper team, and both engineering teams are now working together to define technical requirements to help extend fixed wireless coverage to rural and remote communities across the United States. Using Kuiper for cellular backhaul will “extend Verizon’s 4G/LTE and 5G data networks” in those rural and remote communities, Verizon said.
The deal is nonexclusive for both Verizon and Amazon. Verizon could thus partner with additional satellite companies, and Amazon could offer its satellite connectivity to other cellular carriers. Verizon also said it intends to use Amazon Kuiper “to make the entire map of the US red”—in other words, to fill in coverage gaps where Verizon’s wireless connectivity is weak or nonexistent.
While the Verizon/Amazon plans are vague now since they’re still in an early stage, the companies said they will “explore joint connectivity solutions for domestic and global enterprises across agriculture, energy, manufacturing, education, emergency response, transportation and other industries.”
CyrusOne Iis nearing a deal to be sold to a private-equity buyer that could value the data-center operator at more than $10 billion, reports WSJ.
CyrusOne is in advanced talks with at least two groups and could choose a buyer within days assuming the talks don’t fall apart. One group includes KKR and Global Infrastructure Partners and another, Brookfield Asset Management Inc.
A transaction would be sizable given CyrusOne’s market value of around $10.5 billion. Based in Dallas, CyrusOne is a real-estate investment trust that designs, builds and operates data centers. It owns more than 50 in North America, South America and Europe, serving over 1,000 customers.
The company, which went public in 2013, has benefited from the explosion in data usage, which is managed in warehouselike buildings where companies can base their computer operations.
Goldman Sachs Group’s asset-management arm is injecting $90 million into tech firm WSO2, taking a stake in a low-code software maker as companies try to cope with a shortage of developers by letting salespeople, accountants and other business-line workers make their own apps. The financing is being provided by funds raised by Goldman Sachs Asset Management Private Credit, reports Reuters.
The Wall Street bank, which is expected to announce the deal Monday, said the 16-year-old WSO2 provides “mission-critical services” for businesses across industries and added that the move aligns with Goldman’s focus on investing in high-growth software companies.
Mountain View, Calif.-based WSO2 said it would use the new funding to expand its cloud-based low-code platform, which is designed to simplify the process of creating business apps for employees outside of corporate information-technology departments. It currently has 750 customers in 85 countries, including private-sector businesses, as well as state offices, hospitals, schools and other public-sector organizations.
Cyber security software company McAfee has agreed to be taken over for $14bn by a consortium of investors led by private equity firms Advent International and Permira Advisers, in one of the largest leveraged buyouts of the year, reports the Financial Times. The takeover consortiumwill pay McAfee shareholders $26 a share, a 21 per cent premium to its market price on November 4. As IT departments move on to cloud networks, cyber security companies have grown and received heavy investment from private equity firms with specialist practices dedicated to the technology. If completed as expected in the second half of 2022, the deal will end McAfee’s brief run on public stock markets after private equity owners TPG and Thoma Bravo listed it in October 2020. This summer, McAfee sold its enterprise business to Symphony Technology Group in a $4bn deal aimed at further cutting its debt.