France Telecom has acquired Telecom Italia’s Elettra submarine cable business, including two cable-laying ships, in a deal that values the Italian firm at €20 million.
Telefonica is reorganizing its Latin American businesses after completing its takeover of Brasilcel late last month. A Brazilian division will be one of three new units in the region, covering Telefonica’s fixed and mobile services.
Verizon Business will update its global data centers over the next 12 months to boost its presence in cloud services. The firm plans to invest up to $17.2 billion (€12.5 billion) in its computing systems this year.
The launch of Google’s StreetView in Brazil, Ireland and Antarctica means the service is now available in all seven of the world’s continents.
Cable group Hibernia Atlantic plans to build a transatlantic cable to support high-frequency stock trading – the first new cable across the ocean in more than a decade.
HP appointed SAP chief Léo Apotheker as new president and CEO to replace Mark Hurd.
New Zealand web-TV provider Orcon will use an Alcatel-Lucent media delivery platform to provide content to PCs, mobile phones and TV sets.