Digital Edge Raises Over $1.6 Billion to Fuel Expansion Across Asia

/in /tarafından

Singapore-based data centre company Digital Edge announced on Monday that it had successfully raised over $1.6 billion in new capital through a mix of equity and debt financing. This funding is intended to drive the company’s growth as it expands to meet the surging demand for cloud and artificial intelligence services across Asia.

The capital raised includes approximately $640 million in equity investment from both existing and new investors, as well as $1 billion in debt financing. Digital Edge is a portfolio company of Stonepeak, a New York-based investment firm with a focus on infrastructure and real assets.

Since its establishment in 2020, Digital Edge has rapidly expanded its footprint, currently operating 21 data centres with more than 500 megawatts of capacity in service or under construction. The company is also developing an additional 300 megawatts of capacity for future use across multiple Asian countries, including Japan, Korea, India, Malaysia, Indonesia, and the Philippines.

 

Bezeq’s Pelephone Launches 5G-Only Packages to Boost Subscriber Base

/in /tarafından

Bezeq Telecom’s mobile subsidiary, Pelephone, announced on Monday that it will begin offering 5G-only packages to encourage the adoption of its 5G network. The move positions Pelephone as the first Israeli provider to launch such technology. Subscribers with 4G-only devices will still have access to 4G-adapted packages, ensuring inclusivity.

The new 5G package, priced at 54.90 shekels ($15) per month, includes 1,000 gigabytes of data. Pelephone currently serves over 1.2 million 5G customers, making up 53% of its postpaid subscribers. The company also introduced the 5G MAX service in September, offering high-speed internet at crowded venues, which operates on its newly established independent 5G network core in collaboration with Ericsson. Pelephone’s 5G coverage now spans 80% of Israel.

Meanwhile, rival telecom operator Cellcom has launched its own 5G service, reaching its 1,000th 5G site. Cellcom’s new superfast 5G Pro package offers 1,500 GB of 5G data for 59.90 shekels per month, and all future 5G packages will be based on its advanced network.

 

China’s Pony.ai Eyes Robotaxi Services in Hong Kong, Joins Baidu in Race

/in /tarafından

Pony.ai Inc., a Guangzhou-based autonomous driving company, is preparing to launch its robotaxi services in Hong Kong, joining Baidu in the race to provide driverless commuting solutions in the city. As part of its expansion plans, Pony.ai aims to roll out robotaxi services initially for airport staff at Hong Kong International Airport, with future plans to expand to other urban areas. The company has yet to announce a specific timeline for the service launch.

This move places Pony.ai in direct competition with Baidu, the Chinese AI giant, which received approval from the Hong Kong government in November to conduct driverless taxi trials in the North Lantau area. Pony.ai has already secured robotaxi service licenses in major Chinese cities like Beijing, Shanghai, Guangzhou, and Shenzhen, and is now looking to broaden its reach by exploring markets in South Korea, Luxembourg, the Middle East, and other international regions.

Pony.ai’s entry into the Hong Kong market is part of a broader strategy to expand its autonomous vehicle operations globally, capitalizing on the growing demand for self-driving technology in transportation services.