Latest news with #edge
Scoop
4 days ago
- Business
- Scoop
Spark sells majority stake in data centre arm
In this newsletter: Spark sells 75 percent of data centre business Motorola releases range of satellite ready handsets RCG wins social impact award One NZ climate goals get international backing Pacific Equity Partners takes majority data centre stake Australian private equity firm Pacific Equity Partners (PEP) has purchased 75 percent of Spark's data centre business. The transaction is made up of $486 million in cash and an additional $98 million if the business meets performance targets by the end of 2027. Spark says it will use the money to pay down debt. The deal values Spark's data centre business at around $700 million. Spark CEO, Jolie Hodson, says, 'Through this partnership we will realise value for our data centre assets in the short term, while also continuing to participate in the growing market through our 25% retained stake – creating further value for our shareholders over the long term.' Standalone data centre business Hodson says Spark's data centre assets and operations will be moved into a new standalone business. Its working title is DC Co. The new firm will have its own board, management team and finance. Private equity firms like PEP rarely hold on to assets long-term. Which suggests it could prepare the business for a future trade sale. For now, DC Co has 11 data centre sites across New Zealand and 23MW of capacity. There are advanced plans for a new development at Dairy Flat on Auckland's North Shore and extensions at the company's Takanini site in South Auckland. New Zealand data centre projects On paper there is a wave of investment in new data centres in New Zealand although some projects appear stalled. AWS formerly promised it would open a major data centre in 2024. It has yet to deliver and there are reports work at the site has halted. Meanwhile DataGrid's planned $2 billion investment in a Southland site along with a new submarine cable is still waiting for its resource consent. For Spark, the deal is an opportunity to reduce the company's $2.7 billion telcos like Spark have struggled to remain profitable in the last two decades. Digital services mean the lucrative parts of the business are hollowed out as customers switch to cheaper alternatives. Meanwhile, regulatory and government pressure to make telecommunications more competitive mean lower margins in mobile and broadband. When Spark first announced it was looking for a data centre partner in February, Spark chair Justine Smyth warned: 'The scale and pace of deterioration in trading conditions we have experienced over the last year has been substantial'. Motorola introduces mobiles with One NZ satellite support motorola edge 60 fusion. One NZ has begun selling four new Motorola mobile phones. All models are 4G and 5G compatible and can work with One's direct to mobile satellite service. The top of the line motorola razr 60 is a $1400 flip phone. Also new this week are Motorola's $800 edge 60 fusion and the $1300 edge 60 pro. The company bills it $430 moto g56 5G as a 'no fuss, durable phone'. Also on sale at One NZ is the $226 moto g05. In 2016 the Motorola brand was picked up by Chinese computer maker Lenovo. Until last year the brand has been invisible in New Zealand although it was once a popular brand with models such as the moto x. One of the features that stands out is the phone's te reo Māori functionality and a fully localised te reo user interface. In other news... Vital presses remaining shareholders to back Tait Communications takeover — BusinessDesk (behind paywall) Finish line in sight for $770M rural connectivity programme — Reseller News Fifa World Cup rights could help TVNZ achieve pay-TV goal — The Post Australian court rules Apple and Google app stores are uncompetitive — Australian Financial Review The end of the line for AOL's dial-up internet service — The Guardian RCG's Ian Hooker, CEO, Steven Waters, Allison Bailie and Caitlin Metz with the Social Impact Award. RCG wins infrastructure social impact award The Rural Connectivity Group won Infrastructure New Zealand's 2025 Social Impact Award. The network-builder earned the award for its work bridging the urban-rural digital divide. Set up by Vodafone (now One NZ), Spark and 2degrees as a joint venture, the RCG has built 563 new mobile towers in rural areas and along regional highways. Its work even extends to the Chatham Islands. The RCG has connected 33,000 homes to modern communications technologies including broadband. In many cases users have a choice of service provider. One NZ climate targets gain global validation Science Based Targets initiative (SBTi) has verified One NZ's greenhouse gas reduction targets. The SBTi confirms the company's approach aligns with the 1.5°C warming pathway under the Paris Agreement. One is the first New Zealand telco to commit to absolute near-term cuts for Scope 3 emissions. The company says it cut combined Scope 1, 2 and selected Scope 3 emissions by 64 percent in the 2025 financial year. This include a 94 percent drop in electricity-related emissions after switching to renewable electricity. It says AI-powered network optimisation saved 16 gigawatt hours of electricity. One NZ's targets include cutting Scope 1 and 2 emissions by 42% percent and Scope 3 emissions by 42 percent by 2030. It aims to moving to 100 percent renewable electricity use over the same period. Five years ago: N4L checks school networks before exams New Zealand's NCEA exams moved online as a response to the Covid-19 pandemic and Network for Learning offered to help schools check their internet connections were up to the task. Auckland was in lockdown which meant another data traffic peak on the Chorus network. One year ago: ComCom report charts Starlink impact The Commerce Commission's 2024 Monitoring Report focused on the profound impact SpaceX's Starlink satellite broadband network had on rural communications. Share Download Weekly — Feel free to pass this email on to your colleagues. Have your say. If you're a subscriber, you can comment on any newsletter or story on the website. Just scroll to the bottom of the page. Reader emails are also welcome. The Download Weekly is supported by Chorus New Zealand. Spark sells majority stake in data centre arm was first posted at
Yahoo
04-08-2025
- Business
- Yahoo
Spectro Cloud's "2025 State of Production Kubernetes" Report Finds AI Driving Growth as Cost Pressures Bite
New study of 455 platform engineers and architects signals Kubernetes' new era: AI-driven scale, edge explosion, and legacy VM transformation. SAN JOSE, Calif., August 04, 2025--(BUSINESS WIRE)--Spectro Cloud today published the 2025 State of Production Kubernetes report, the industry's most comprehensive annual snapshot of how enterprises really run Kubernetes in production. Conducted independently by research firm Adience, the fifth-edition study is the largest in the series to date. "Five years in, Kubernetes is no longer an experiment — it's mission-critical infrastructure," said Tenry Fu, co-founder and CEO, Spectro Cloud. "This year's data shows organizations doubling down on AI and edge, even while wrestling legacy VMs into their clusters. The companies that master scale and complexity fastest will create an unbeatable platform for innovation." Key 2025 findings AI is the top growth driver: 90% of respondents expect their AI workloads on Kubernetes to grow in the next 12 months. Multicloud becomes the default model: The average K8s adopter now runs clusters in more than five environments — from all three hyperscalers to on-prem and GPU/sovereign clouds. Placement is driven by multicloud strategies, on-prem repatriation and AI needs. Cost is top pain — but AI is the fix. Cost overtook skills and security as the #1 challenge (42%), with 88% reporting a year-on-year rise in total Kubernetes TCO, and growth expected over the next 12 months. Yet 92% say they are investing in AI-powered optimization tools to bring bills back under control . Edge hits mainstream, powered by AI: 50% now run production K8s at the edge, and wrestle with new challenges of performance, connectivity and model management for their AI workloads. VMware exit ramps multiply as legacy goes cloud-native: With the majority of app workloads on K8s already, 31% plan to migrate their remaining VMs into Kubernetes; 26% already use KubeVirt in production. Platform engineering drives business outcomes: Over half say their clusters are still "snowflakes" with highly manual that centralize application deployment in a platform-engineering function outperform every other group on key devops metrics around reliability and speed. "Enterprises want benchmarks they can trust," said Chris Wells, Managing Director at Adience, who conducted the research. "Because we ask the same core questions each year, the 2025 study exposes trends as they happen — like the sharp rise in edge clusters and the evolving challenges enterprises face in managing multi-environment clusters." Report scope Spanning five thematic chapters — from confident scale and AI adoption to VM modernization and operational outcomes — the report combines quantitative data with candid interviews from senior technologists in finance, telecoms, healthcare, retail, public sector and manufacturing. The free report is available for download today at The report's lead author will also unpack the results in a 45-minute live webinar on 11 September. Registration is open now. Methodology Adience surveyed 455 professionals in May 2025 via an online questionnaire and deep-dive phone interviews. All respondents work for organizations with ≥250 employees and have direct responsibility for production Kubernetes environments. About Spectro Cloud Spectro Cloud delivers simplicity and control to organizations running Kubernetes at any scale. Its Palette platform lets teams deploy, manage and secure clusters — edge to data center to cloud — while maintaining full stack choice. Learn more at About Adience Adience is a specialist B2B research agency that provides independent, data-driven insights for technology decision-makers. Visit for details. View source version on Contacts Media contact Patrick LenihanGravity Strategic Partnersinquiries@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
24-06-2025
- Business
- Zawya
DBS Hong Kong and edge Lead Dialogue on Cross-Border Growth at "Gateway to Indonesia"
Empowers businesses to explore expansion across Indonesia, Hong Kong, and other Greater Bay Area to thrive in Asia's dynamic landscape HONG KONG SAR - Media OutReach Newswire - 24 June 2025 - DBS Bank (Hong Kong) Limited ("DBS Hong Kong") in partnership with edge, a business ecosystem connecting Indonesia, Hong Kong and other cities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), hosted the "Gateway to Indonesia: Navigating Uncertainties to Capture Boundless Growth" conference in Hong Kong last week. This timely event aimed to bring together senior executives, investors and professionals to examine the evolving regional economic landscape and explore how businesses can navigate uncertainty while unlocking the tremendous growth potential across Indonesia and the broader Asia region. As the economic environment continues to evolve amid global trade realignments, the conference served as a strategic platform for business leaders to gain data-backed insights, share experiences and develop market entry strategies into Indonesia — one of Southeast Asia's most dynamic and rapidly growing economies. DBS, headquartered and listed in Singapore, possesses a strong regional network and extensive cross-border service experience, giving it a unique advantage in opening doors for businesses into Indonesia. DBS also provides advisory on market entry strategies to help clients navigate the complexities of doing business in Indonesia. DBS Hong Kong offers comprehensive financing solutions to help business tap into the growth opportunities in Indonesia, simplifying and optimising cross-border operations. Through advanced cash management services, the bank enables companies to efficiently manage liquidity across multiple markets, ensuring seamless capital flows. The foreign exchange (FX) capabilities provide competitive rates and risk management tools to help clients mitigate currency volatility under the ever-changing economy. Boris Chan, Managing Director and Head of Institutional Banking Group, DBS Bank Hong Kong, highlighted how DBS Hong Kong is helping clients connect across Indonesia, Hong Kong, and other GBA cities, enabling them to grow with positive impacts in new markets. "We believe Indonesia will have huge investment demands in the future. DBS Hong Kong is committed to being a trusted partner for our clients as they scale across borders. By leveraging our extensive network spanning 19 markets, DBS offers strategic insight, strong local partnerships and comprehensive financial solutions that help businesses manage complexity in these markets and confidently unlock new avenues of growth." His excellency Pak. Yul Edison, Consul General of the Republic of Indonesia in Hong Kong, shared at the conference how Indonesia is adapting to the global trade environment, with a shift from traditional manufacturing to digital industries and e-commerce. "Despite global volatility, Indonesia's economy is also expected to grow by around 5% this year, supported by resilient domestic demand and fiscal discipline. These numbers reflect Indonesia's structural transformation in recent years. Our industrial hubs in Batang, Kendal, and Subang are attracting firms seeking to relocate from China or scale regionally, especially in the EV, electronics, and pharmaceutical sectors." Andrew You, Co-Founder of edge, said, "edge aims to establish a trusted business platform that fosters deep connections in the digital economy between Hong Kong and Indonesia, with a passion to continue advocating for business innovation and economic development. As the commercial hub connecting these two markets, we are delighted to partner with DBS Hong Kong to help corporates explore new frontiers of development." As Asia enters a new chapter of economic transformation, Indonesia's economic momentum is accelerated and driven by a young, tech-savvy population and rising consumption. DBS Hong Kong continues to serve its clients with financing, capital deployment and risk management based in the GBA. The bank believes that Hong Kong's mature financial infrastructure combines with DBS's position as a connectivity hub in Asia, makes it a natural launchpad for regional expansion into Indonesia. Hashtag: #DBSHongKong The issuer is solely responsible for the content of this announcement. DBS DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. Recognised for its global leadership, DBS has been named " World's Best Bank" by Global Finance, " World's Best Bank" by Euromoney and " Global Bank of the Year" by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named " World's Best Digital Bank" by Euromoney and the world's " Most Innovative in Digital Banking" by The Banker. In addition, DBS has been accorded the " Safest Bank in Asia" award by Global Finance for 16 consecutive years from 2009 to 2024. DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region's most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience. With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit DBS
Malay Mail
24-06-2025
- Business
- Malay Mail
DBS Hong Kong and edge Lead Dialogue on Cross-Border Growth at "Gateway to Indonesia"
Empowers businesses to explore expansion across Indonesia, Hong Kong, and other Greater Bay Area to thrive in Asia's dynamic landscape DBS Hong Kong in collaboration with edge hosted the 'Gateway to Indonesia: Navigating Uncertainties to Capture Boundless Growth' conference in Hong Kong. (From right) April Lam, Co-Founder of edge; Boris Chan, Managing Director and Head of Institutional Banking Group, DBS Bank Hong Kong; Yul Edison, Consul General of the Republic of Indonesia in Hong Kong; Andrew You, Co-Founder of edge; Patrick Lau, Managing Director and Head of Corporate Banking, Institutional Banking Group, DBS Bank Hong Kong. HONG KONG SAR - Media OutReach Newswire - 24 June 2025 -in partnership with edge, a business ecosystem connecting Indonesia, Hong Kong and other cities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), hosted the "Gateway to Indonesia: Navigating Uncertainties to Capture Boundless Growth" conference in Hong Kong last week. This timely event aimed to bring together senior executives, investors and professionals to examine the evolving regional economic landscape and explore how businesses can navigate uncertainty while unlocking the tremendous growth potential across Indonesia and the broader Asia the economic environment continues to evolve amid global trade realignments, the conference served as a strategic platform for business leaders to gain data-backed insights, share experiences and develop market entry strategies into Indonesia — one of Southeast Asia's most dynamic and rapidly growing economies. DBS, headquartered and listed in Singapore, possesses a strong regional network and extensive cross-border service experience, giving it a unique advantage in opening doors for businesses into Indonesia. DBS also provides advisory on market entry strategies to help clients navigate the complexities of doing business in Hong Kong offers comprehensive financing solutions to help business tap into the growth opportunities in Indonesia, simplifying and optimising cross-border operations. Through advanced cash management services, the bank enables companies to efficiently manage liquidity across multiple markets, ensuring seamless capital flows. The foreign exchange (FX) capabilities provide competitive rates and risk management tools to help clients mitigate currency volatility under the ever-changing economy., highlighted how DBS Hong Kong is helping clients connect across Indonesia, Hong Kong, and other GBA cities, enabling them to grow with positive impacts in new markets. "We believe Indonesia will have huge investment demands in the future. DBS Hong Kong is committed to being a trusted partner for our clients as they scale across borders. By leveraging our extensive network spanning 19 markets, DBS offers strategic insight, strong local partnerships and comprehensive financial solutions that help businesses manage complexity in these markets and confidently unlock new avenues of growth.", shared at the conference how Indonesia is adapting to the global trade environment, with a shift from traditional manufacturing to digital industries and e-commerce. "Despite global volatility, Indonesia's economy is also expected to grow by around 5% this year, supported by resilient domestic demand and fiscal discipline. These numbers reflect Indonesia's structural transformation in recent years. Our industrial hubs in Batang, Kendal, and Subang are attracting firms seeking to relocate from China or scale regionally, especially in the EV, electronics, and pharmaceutical sectors.", said, "edge aims to establish a trusted business platform that fosters deep connections in the digital economy between Hong Kong and Indonesia, with a passion to continue advocating for business innovation and economic development. As the commercial hub connecting these two markets, we are delighted to partner with DBS Hong Kong to help corporates explore new frontiers of development."As Asia enters a new chapter of economic transformation, Indonesia's economic momentum is accelerated and driven by a young, tech-savvy population and rising consumption. DBS Hong Kong continues to serve its clients with financing, capital deployment and risk management based in the GBA. The bank believes that Hong Kong's mature financial infrastructure combines with DBS's position as a connectivity hub in Asia, makes it a natural launchpad for regional expansion into #DBSHongKong The issuer is solely responsible for the content of this announcement. DBS DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. Recognised for its global leadership, DBS has been named " World's Best Bank " by Global Finance, " World's Best Bank " by Euromoney and " Global Bank of the Year " by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named " World's Best Digital Bank " by Euromoney and the world's " Most Innovative in Digital Banking " by The Banker. In addition, DBS has been accorded the " Safest Bank in Asia " award by Global Finance for 16 consecutive years from 2009 to provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region's most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit
