Airtel, Meta partner to increase digital connections; Infosys enters Sweden
Airtel, Meta collaborate for connectivity infrastructure
Telecom company Bharti
and Meta Platforms announced a collaboration to support the growth of India’s digital ecosystem. Airtel and Meta will jointly invest in global connectivity infrastructure and communications platform-as-a-service (CPaaS) based new digital solutions to support the evolving demands of customers and businesses in India, it said in a statement.According to Airtel, basic connectivity infrastructure – such as undersea cable systems – is critical to support the growing demand for high-speed data and digital services as India prepares to roll out 5G networks later this year.
Airtel will partner with Meta and STC to expand 2Africa Pearls to India. 2Africa is the world’s longest undersea cable system and is expected to provide faster internet connectivity to nearly three billion people globally. Airtel and Meta will extend the cable to Airtel’s landing station in Mumbai and also take up the dedicated capacity to further strengthen their submarine network portfolio, significantly increasing India’s cable capacity.
Cisco, Team Computers set up CoE
Team Computers, a provider of IT infrastructure and information solutions, and leading networking technology company Cisco have jointly announced the launch of Xanadu – a Center of Excellence (CoE) platform for real-time experiences of how complex IT infrastructure can be simplified.
According to a statement, the recently launched CoE will demonstrate how customers can enable this at speed and scale within their organizations. It will highlight the following aspects for businesses: Cloud Monitoring for Catalyst, Optimizing the Hybrid Cloud Journey, User and Customer Digital Experience and CXO Hybrid Workspace.
Daisy Chittilapilly, President, Cisco India and SAARC, said, “The new Center of Excellence aims to provide a platform for our customers to experience how they can strengthen their IT infrastructure and gain visibility into their newly deployed businesses.”
Infosys sets up new center in Sweden
Infosys announced the establishment of a new center in Gothenburg, Sweden. With this investment, the technology services company aims to improve its localization strategy in the Nordics by offering next-generation digital offerings to its customers in the region.
According to Infosys, over the past two decades it has steadily increased its footprint across the Nordics. The new center represents another step towards strengthening the strategic presence in Gothenburg, a large city on Sweden’s west coast and an emerging hub for vehicles, digital technology and green innovation in Europe.
Axel Josefson, chairman of the municipal board, Gothenburg, said: “The center will bring next-generation digital technologies and competence to the city and the Nordics. Infosys’ investment will significantly contribute to strengthening the internationally renowned technology cluster we have here at Lindholmen Science Park.”
Jasmeet Singh, Executive Vice President and Global Head of Manufacturing, Infosys, said: “With this latest milestone, Infosys is well positioned to work ever closer to our customers based outside the region and build next-generation solutions in areas such as digital manufacturing, connected products and online customer experience .”
LTIMindtree starts trading on exchanges
LTIMindtree, the technology company formed through the merger of Larsen and Toubro Infotech (LTI) and Mindtree, on Monday began trading on the Indian stock exchanges.
Incorporated on November 14, 2022, LTI Mindtree became the fifth largest IT services company in India by market capitalization with a client portfolio of more than 750 global companies and nearly 90,000 professionals.
L&T Group and LTIMindtree Chairman AM Naik said, “It is a proud moment for us. LTIMindtree furthers L&T’s strategic vision of growing IT services as one of the pillars of our overall business over the next few years. LTIMindtree combines LTI’s engineering and Mindtree’s software DNA, blending their problem-solving and digital-first strengths into a unique value proposition for our clients, further enhancing L&T’s celebrated tradition of innovation, excellence, trust and empathy.”
Pursuant to the merger agreement between the two companies, shareholders of the then Mindtree, delisted on November 23, 2022, have been issued shares in the then LTI in the ratio of 73 shares in LTI (now called LTIMindtree) for every 100 shares in Mindtree. The parent company, L&T, owns 68.73% of LTIMindtree.