BBWN Bites: Tossing Huawei Out of Oz Jeopardizes 1,500 Jobs, Vendor Says
Also today, digital transformation changes hiring needs, investors play into e-gaming, IoT developers' dev Ockam garners big bucks and more.
About 1,500 Australian jobs could disappear unless the country reverses its ban on Huawei equipment, the Chinese vendor warned Australia's government. These vulnerable workers are found at about 50 contractors that already saw payments fall "tens of millions of dollars" this year -- with bigger cuts planned for 2020, a Huawei executive told Light Reading's Iain Morris. Huawei's gear covers the gamut of fixed and wireless access products for technologies ranging from fiber to Gfast to all PON standards and more, making the vendor's reach both far and deep. (See Huawei Ban in Australia Threatens 1,500 Jobs, Warns Chinese Vendor.)
Bandwidth-hungry, symmetric-sensitive online gaming is capturing the investment community's interest and capital. Danish e-sports group, Astralis, which includes the world's top-ranking team Counter-Strike, plans to go public next week on the Nasdaq's Copenhagen exchange for small companies, Axios reported today. It's expected to raise between $18 million and $22 million. Other e-sports firms, including Overactive Media, have considered going public, while Axios notes that NRG Sports was approached by Canadian banks about a potential listing. The worldwide e-sports market could generate about $2 billion in 2022 from an audience of approximately 595 million, Bloomberg estimated.
Sticking with emerging applications: IoT identity-management platform firm Ockam of San Francisco received $4.9 million in seed money from Core Ventures, Okta Ventures, SGH Capital and Future Ventures, the startup wrote. The platform is designed to help developers, such as cableco or telco internal devs, create more secure, scalable connected solutions via cryptographic keys and assigning credentials to the different entities -- such as services, people, assets and devices -- within an IoT ecosystem.
Internet of Everything, automation, big data, digital innovation, artificial intelligence-driven development and blockchain -- layered with ongoing security efforts -- "will demand an unprecedented level of talent that will place a stunning labor strain on employers regardless of whether they are developing, supporting, or consuming these pervasive groundbreaking technologies," according to a report released today by Foote Partners.
GTT today completed its acquisition of Dutch Tier 1 service provider KPN International for €50 million ($65 million) cash. Through its purchase of this division of Dutch incumbent operator KPN, GTT adds more than 400 enterprise and carrier clients across 21 European countries.
And KPN is set to get even smaller: The company said it sold webhosting subsidiary Argeweb to Total Webhosting Solutions for an undisclosed sum.
Sweden's Telia, however, is expanding: It has wrapped up its acquisition of Bonnier Broadcasting for 9.2 billion Swedish kronor ($1.03 billion). This adds 1,200 employees and several broadcast brands to the Swedish operator. Looks as though the May 2019 European Commission's in-depth exploration of this deal found nothing of concern.
South African operator Telkom's plan to acquire Cell C, which offers mobile and fiber services in the African nation, received a setback late last week when Cell C's board sent a letter rejecting Telkom's non-binding proposal, wrote Connecting Africa Editor Paula Gilbert. Analysts saw the potential acquisition as a positive step for Cell C, an operator struggling with financial and shareholder concerns, she wrote; the move may still happen, albeit with different terms and a new timeline, Gilbert added. (See Cell C Sends Telkom Packing .)
Build Better Broadband & They Will Play
With cloud-based storage and table stakes of 1 Gbit/s symmetric available to the growing number of international players, more investors are interested in e-gaming technologies and businesses.
(Source: Image by Jan Vašek from Pixabay)
— Alison Diana, Editor, Broadband World News. Follow us on Twitter or @alisoncdiana. Like what you read: Sign up for our weekly newsletter.
(Home page art: Jordan Fischer / Flickr)