Tag Archives: Technology (TRBC level 1)

UPDATE 1-Telefonica is in exclusive talks with investors for the Brazilian fiber unit | Instant News


(Write with COO comments)

MADRID, February 25 (Reuters) – Telefonica is in exclusive talks with financial investors about setting up a joint fiber optic venture in Brazil, Chief Operating Officer Angel Vila said Thursday.

The Spanish telecommunications group plans to expand high-speed fiber-optic coverage to more cities in Brazil, following a similar project launched in Germany in partnership with insurance company Allianz.

“Brazil is the size of a continent. Our capital expenditure (capex) will not reach everything, “Vila told Reuters.

After speaking with many potential partners, the company has held exclusive talks with “international operators with a financial and infrastructure profile”, said Vila, declining to name investors.

Talks have progressed, he added, but “in this situation you can never say 100% that you will sign.”

Previously Vila told analysts that the second phase of development could be done through agreements with fiber owners such as the American Tower.

Telefonica is already using the infrastructure of larger US companies in the Brazilian states of Minas Gerais and Vila said they “may be interested in consolidating” the agreement.

Vila said she could not confirm a Bloomberg News report that exclusive talks were held with Canadian pension fund Caisse de depot el placement du Quebec (CDPQ), due to a confidentiality agreement.

“CDPQ is a top class long-term global investor, that would be very attractive,” he added.

American Tower did not immediately respond to a request for comment. CDPQ could not be reached immediately.

Telefonica plans to hold half of the business through Telefonica and its local branch Telefonica Brasil.

Vila told analysts by conference call that it could expand the unit later through acquisitions.

Telefonica cut its dividend after reporting a 10% drop in previous 2020 earnings on Thursday, although it expects business to stabilize this year. (Reporting by Isla Binnie, Eid by Inti Landauro, Kirsten Donovan)

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QUOTE BOX-Reaction to Facebook agreeing to a concession deal with Australia on a media bill | Instant News


(Update with comments)

CANBERRA, February 23 (Reuters) – Facebook said on Tuesday it would restore its Australian news page after negotiating changes with the government to a proposed law that forces tech giants to pay for media content displayed on their platforms.

Following are comments from Facebook, Australia and analysts:

JOSH FRYDENBERG, AUSTRALIAN ANNOUNCEMENT

“There is no doubt that Australia has become a proxy battle for the world. I am sure there are many other countries that are looking at what is happening in Australia.

“Facebook and Google are not hiding the fact that they know that the eyes of the world are on Australia, and that’s why they’re trying to come up with a code here that works.”

CAMPBELL BROWN, VICE FACEBOOK PRESIDENT GLOBAL NEWS PARTNERSHIP

“We have reached an agreement that will allow us to support our selected publishers, including small and local publishers.

“The government has clarified that we will maintain the ability to decide whether news appears on Facebook so that we will not automatically submit to forced negotiations.

“We have always intended to support journalism in Australia and around the world, and we will continue to invest in news globally and resist attempts by media conglomerates to advance regulatory frameworks that do not take into account the true exchange of value between publishers and platforms like Facebook. “

TAMA LEAVER, PROFESSOR OF INTERNET STUDY AT CURTIN UNIVERSITY, AUSTRALIA

“This is not a draw.

“Even though Facebook managed to cover up some concessions and the laws might be lenient, I still think they are big losers here just because of the way they tried to negotiate over the past week. Many Australians are much more hesitant to rely on Facebook and in terms of their Australian reputation and user base have lost confidence.

“The law itself is still untested. It is like a weapon sitting on the treasury table that has never been used or tested. “

RICHARD WINDSOR, INDEPENDENT ENGLISH TECHNOLOGY ANALYSIS

“Facebook has scored a big win in reaching an agreement with the Australian government on payment of news from Australian sources in concessions that virtually guarantee that business will run as usual from now on.

“Prior to this“ sudden ”breakthrough, Facebook had cut off all Australian news outlets’ access to its platform which sparked huge public outrage. Critically, Australian news sites have also taken a big hit in internet traffic, clearly showing that Australian media need Facebook more than Facebook.

“Facebook has been accused of acting like North Korea in its actions, but I think they are completely justified because Australia (and everyone else) seems to view Facebook as a free public service rather than a business.

“As news sites quickly realized, their ad revenue tends to be lower without Facebook than with Facebook even if Facebook doesn’t pay them at all for their content.

“This clearly shows that the current arrangement is better than no arrangement at all. This idea of ​​free internet is a classic misconception held by the general public and legislators and the sooner this is eliminated, the faster a proper working relationship can be established. “

PAUL BUDDE, AUSTRALIA BASED INDEPENDENT INTERNET ANALYSIS

“Facebook won, because a necessary change was made to the law that prevented them from making changes to their business model.”

The Australian government can still say that they are “fighting giants and getting international attention (but) the digital giants are as strong as ever.” (Reporting by Colin Packham, Byron Kaye and Douglas Busvine; additional reporting by Renju Jose Editing by Susan Fenton)

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Australia says Facebook will restore pages after changes to landmark laws | Instant News


FILE PHOTO: 3D printed Facebook logo seen in front of the Australian flag on display in this illustration photo taken on February 18, 2021. REUTERS / Dado Ruvic / Illustration / Photo File

CANBERRA (Reuters) – Facebook Inc will restore Australian news pages in the next few days after Canberra agreed to change laws that would force the social media giant to pay media companies for news content.

Australia and Facebook have been stuck in a deadlock for more than a week as Canberra pushes for the move, which is aimed at tech giants, such as Alphabet Inc.’s Facebook and Google.

Reporting by Colin Packham; Edited by Clarence Fernandez

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UPDATE 1-Italia wants Open Fiber control in the broadband launch drive – source | Instant News


* CDP will not take any precautions on Open Fiber stock sources

* CDP wants a 10% stake in Open Fiber for source control

* TEAM board including CDP Chairman – source (Records by raising stakes, adding comments, background)

ROMA / MILAN, 22 Feb (Reuters) – Italian state lender Cassa Depositi e Prestiti (CDP) wants to increase its stake in Open Fiber to 60% to take control of the broadband company, sources say, as Rome moves ahead with plans to increase ultra-fast connectivity across the country.

CDP will not exercise its first refusal rights on the 50% utility stake that Enel sells in Open Fiber but wants to increase its own stake to 60%, two sources close to the matter said.

Enel, which co-owns Open Fiber with CDP, is in talks to sell 40% to 50% of the fiber infrastructure group to Australian fund Macquarie in June.

Under the deal, Macquarie will pay 2.65 billion euros ($ 3.2 billion) for a 50% stake, although any final price may fluctuate depending on a series of acquisition clauses.

The source said CDP would relinquish its pre-emption rights but entered into talks to buy a 10% stake in Open Fiber from Enel, and negotiate governing rights with Macquarie to take full control.

Former Italian Economy Minister Roberto Gualtieri has tried to create a full-fiber national network by combining Open Fiber with Italian Telecom (TIM) landline assets.

New Prime Minister Mario Draghi has put digital infrastructure at the heart of his government’s agenda, but he hasn’t clarified whether he intends to implement an integrated network project and under what conditions.

Controlled by the Ministry of Finance, CDP is the second largest shareholder of TIM behind French media giant Vivendi but never holds a board seat.

A third source said on Monday that the list of Telecom Italia candidates to be presented for the new council at the annual general meeting would include CDP Chairman Giovanni Porno Tempini.

TIM will reveal the list on Tuesday. The source said the CDP could summon a new council on Thursday to discuss its support for the list.

Telecom Italia and CDP declined to comment while Enel could not be reached for comment. ($ 1 = 0.8229 euros) (Reporting by Giuseppe Fonte, Stephen Jewkes, Elvira Pollina; Editing by Richard Chang)

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A British court blocked Epic Games from contesting Apple’s Fortnite ban | Instant News


(Reuters) – A UK antitrust court ruled on Monday that Epic Games, the creators of the popular game Fortnite, would not be allowed to pursue its case against Britain’s Apple Inc over its App Store payment system and control over app downloads.

The two companies have been at loggerheads since August, when the game maker tried to circumvent Apple’s 30% fee on the App Store by launching its own in-app payment system, leading to Apple’s next Fortnite ban from its stores.

A British court said Epic’s lawsuit against Alphabet Inc. Google may move forward, but thinks that the United States will be a better forum for its case against Apple.

“Epic will reconsider pursuing its case against Apple in the UK following the settlement of the US case,” the video game company said in a statement responding to the court’s decision.

Apple and Google did not immediately respond to Reuters requests for comment.

In October, a federal judge in California ruled in a request that Apple could ban Fortnite games from its App Store but shouldn’t hurt Epic’s developer tools business, which includes the “Unreal Engine” software used by hundreds of other video games.

Epic Games founder and chief executive Tim Sweeney previously said Apple’s control of the platform had tilted the level of the playing field.

Reporting by Chavi Mehta, Ayanti Bera and Subrat Patnaik in Bengaluru; Edited by Krishna Chandra Eluri

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