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Telenor Group sells Telenor Satellite to Space Norway

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elenor has entered into an agreement with Space Norway regarding the sale of its subsidiary Telenor Satellite. Space Norway is a leading player in the Norwegian space industry.  

The sales price is NOK 2.36 billion on an enterprise value basis. As Space Norway is wholly owned by the Norwegian Government, the transaction is subject to approval by the Norwegian Parliament. Closing of the transaction is expected in January 2024.

“For more than 20 years, we have served our customers with premium, high-quality broadcasting and data services via satellite. Now the time has come for a new era for Telenor Satellite. With Space Norway, Telenor Satellite will have an industrial owner who has the right competence and who will prioritise the required financial resources to realise the company’s potential. We are proud of what we have achieved together and look forward to following the company’s future development”, says Dan Ouchterlony, EVP and Head of Telenor Amp,

Dag H. Stølan, CEO at Space Norway, adds:

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“Satellite-based capabilities are more important than ever. The combination of Space Norway’s partly governmental customers and Telenor Satellite’s commercial customer base will give the new company a strong platform to grow the business in both sectors. We are very excited to enter into this agreement and look forward to contributing to the long-term development of Telenor Satellite”.

Telenor and Space Norway have already signed a letter of intent outlining a strategic partnership and possible joint business development initiatives, in particular regarding additional satellite capacity and satellite consulting services.

“The government will propose to the Parliament that Space Norway be provided with capital to finance the acquisition of Telenor Satellite. The acquisition will contribute to the establishment of a major Norwegian satellite operator, which, together with a growing Norwegian space industry, can strengthen Norway as a space nation. At the same time, the acquisition ensures that Norway, in a time of increasing geopolitical unrest, maintains control over satellites crucial for critical societal functions and strategically important for the country,” says the Norwegian Minister of Trade and Industry, Jan Christian Vestre.

Telenor Satellite is a European satellite operator that covers the European, Middle East and North African (EMEA) market with broadcasting and data communication services. The company serves millions of homes with TV services, and nearly 2,000 vessels and 600 land terminals with data connectivity. During the first three quarters of 2023, Telenor Satellite generated revenues of NOK 707m, EBITDA of NOK 504m and EBIT of NOK 284m.

Space Norway manages and develops strategic space capabilities. The company is 100% owned by the Norwegian Ministry of Trade, Industry and Fisheries and represents a key part of the Norwegian Government’s activities and assets in the space sector. Space Norway’s activities range from small satellites in Low Earth Orbits to large satellites and ground infrastructure.

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The most influential and award-winning tech journalist based in Dhaka, Bangladesh. President of Bangladesh Tech Journalists umbrella association name Bangladesh ICT Journalist Forum(BIJF).He works for The Daily Ittefaq and is responsible for covering news, editing posts, reviewing devices, producing video reviews, and communicating with the reader base. Journalist, editor, technology, personal technology, reviews, features, analysis, media.

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Banglalink’s Parent Company VEON Achieves ‘AA’ ESG Rating

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VEON, a leading global digital operator, and parent company of Banglalink, has been upgraded to an ‘AA’ Environmental, Social, and Governance (ESG) rating by Morgan Stanley Capital International (MSCI).

MSCI provides critical decision support tools and services for the global investment community. 

Banglalink, alongside other VEON operators across the world, has positively contributed to the overall rating through its commitment to fostering a sustainable and digitally inclusive future.

In Bangladesh, the commitment to the “4G for all” initiative has been transformative, empowering communities with access to innovative digital services in line with the government’s Smart Bangladesh vision. 

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In alignment with its ESG agenda, Banglalink aims to increase its female customer base by three percent, reaching 29 percent by 2026. This goal was formally announced in collaboration with the GSMA’s Connected Women initiative at the recently concluded Mobile World Congress in Barcelona. 

Additionally, Banglalink will continue to impact millions of lives through its awareness and educational activities via its unique digital platforms, such as the MyBL Super App and Toffee. Currently, the MyBL SuperApp, the country’s first telco super app, has over eight million monthly active users. 

Furthermore, Banglalink has recently upgraded its network with modern and sustainable technologies that not only emit fewer carbon emissions but also align with environmentally friendly practices.

This achievement underscores VEON’s commitment to fostering employee engagement and satisfaction. VEON Group CEO, Kaan Terzioglu, has expressed pride in the company’s employee management, which boasts an above-industry-average score. 

At the heart of VEON’s success across its six markets, serving 160 million customers, is its strategic focus on integrating and implementing practices that generate a positive societal impact, uphold ethical governance standards, and contribute to environmental stewardship.

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Erik Aas, CEO of Banglalink, remarked, Erik Aas, CEO of Banglalink, remarked, “The ‘AA’ rating of VEON has not only underscored Banglalink’s dedication to the ‘4G for all’ initiative but has also been a transformative force in enabling community access to innovative digital services. Our digital operator strategy and ESG agenda have had a positive impact on both social and environmental fronts, with a keen focus on fostering an inclusive workplace, driving initiatives for diversity and inclusion, and championing environmental sustainability.”

This achievement places VEON in the esteemed ‘Leaders’ category among 131 telecommunication services companies globally, underscoring its unwavering commitment to sustainable and ethical business practices.

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ITU’s AI for Good Global Summit 2024 puts tech to the test for people and planet

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​​​​​​​​Global leaders and innovators in artificial intelligence (AI) will join the humanitarian community at the AI for Good Global Summit 2024 in Geneva, Switzerland on 30-31 May to explore how new technology can drive sustainable development. 

This year’s edition of the AI for Good summit event will showcase innovations in generative AI, robotics,​ and brain-machine interfaces that can accelerate progress in areas such as climate action, accessibility, health, and disaster response. 

Summit speakers, including some of the world’s foremost AI luminaries, will explore the latest breakthroughs in AI and examine actions to ensure that AI works to humanity’s benefit. 

“ITU’s annual AI for Good Global Summit brings together a diverse set of voices to look at the latest AI developments and find ways to ensure this technology remains a force for good, driving inclusive growth and sustainable and equitable progress for all,” said ITU Secretary-General Doreen Bogdan-Martin. “This summit and our year-round AI for Good platform are powerful tools for accelerating progress in our race to achieve the UN Sustainable Development Goals by 2030.”

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​On 29 May, discussions dedicated to AI governance will explore the surge in global efforts to craft AI policy, regulation, and governance frameworks. AI Governance Day – bringing together representatives of governments, companies, academia, civil society, and UN agencies – aims to forge pathways to transform dialogue around AI governance into impactful action.

​The UN platform for AI powered by ITU

AI for Good identifies practical applications of AI to accelerate progress toward the UN Sustainable Development Goals and connects AI innovators with public and private-sector decision-makers to help scale up AI solutions globally.

ITU, the UN specialized agency for information and communication technologies, organizes the yearly AI for Good Global Summit together with 40 partner UN agencies. The event is co-convened by the Government of Switzerland.  

AI for Good discussions foster international cooperation and innovation to create equitable access to new technologies. The discussions support ITU in spurring timely policy exchanges, developing best practices and technical standards, and catalysing partnerships for AI solutions to contribute to sustainable development. 

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Thought leaders and thought-controlled machines 

In addition to talks by AI thought leaders, this year’s summit will host machine learning masterclasses, curated by experts for experts, covering topics from deepfakes and climate change to brain-machine interfaces, AI for public services, explainable AI, and machine learning in communication networks.

Start-ups, young people and creatives will demonstrate their ideas at the AI for Good Innovation Factory Grand FinaleRobotics for Good Youth Challenge, and Canvas of the Future art contest

The summit’s exhibition space will feature an array of cutting-edge demos, including AI for accessibility, collective drone swarms, bio-inspired rescue robots, a RoboCup robot football tournament, performance-boosting exoskeletons, and AI-inspired art.

Exhibition highlights will include demos of brain-machine interfaces – an AI advancement that promises to open new frontiers for neurotechnology. A press conference on brain-machine interfaces will highlight new technologies enabling mind-controlled movement and communication for persons with disabilities, offering insights on how progress in the field could impact the future of human performance, mental health, and wellbeing. 

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The 2024 edition of the summit comes in conjunction with the WSIS+20 Forum High-Level Event. The World Summit on Information Society event brings together the world’s digital development community to discuss concrete actions to advance sustainable development. 

The AI for Good Global Summit will take place at the International Conference Centre Geneva (CICG)

Registration for media accreditation for reporters wishing to cover the AI for Good Global Summit is open. Registration for the public​ is also open and is free of charge. Registrants can attend either in person or online to connect with an expected 2,500 participants in Geneva and over 25,000 professionals worldwide who are part of the AI for Good Neural Network. Capacity is limited and early registration is encouraged.  Confirmed speakers include:   ​

  • Doreen Bogdan-Martin – ITU Secretary-General
  • Geoffrey Hinton – Advisor for the Learning in Machines & Brains, Canadian Institute for Advanced Research (presenting remotely)
  • Sam Altman – CEO, OpenAI (presenting remotely)
  • HRH Princess Beatrice – United Kingdom
  • Abeba Birhane – Senior Fellow in Trustworthy AI, Mozilla Foundation, Time 100 AI 
  • Stuart Russell – Professor of Computer Science at University of California, Berkeley, and author of “Human Compatible: Artificial Intelligence and the Problem of Control”
  • Daron Acemoglu – Institute Professor at the Massachusetts Institute of Technology, and New York Times bestselling author of “Why Nations Fail: Power, Prosperity, and Poverty”
  • Gary Marcus – Scientist, best-selling author, and serial entrepreneur, New York University
  • Nicholas Thompson – CEO, The Atlantic
  • Fatmah Baothman – CEO, Alothaim Investment AI and R&D Company
  • Vincent Vanhoucke – Senior Director of Robotics, Google DeepMind 
  • Mo Gawdat – Former Chief Business Officer at Google X, and best-selling author of “Scary Smart” and “Solve for Happy”

See all of the AI for Good Global Summit 2024 speakers here.  ​Demos of robots, drones, and brain-machine interfaces include: 

The AI for Good Global Summit 2024 is supported by Immersion4 (Diamond sponsor), DLA Piper (Diamond sponsor), AWS (Gold sponsor), Alibaba DAMO Academy (Gold sponsor), ZTE (Gold sponsor), and KUKA (Networking sponsor). 

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Future of COMPUTING is Coming – At CES 2024, GIGABYTE to Present Key Innovations and Accelerate AI-empowered and Sustainable Breakthroughs

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Taipei, December 13th, 2023 – GIGABYTE Technology, an IT pioneer whose focus is to advance global industries through cloud and AI computing systems, and elevate user experiences with hardware innovation, is coming to CES with the “Future of COMPUTING” theme which aims to highlight the product performance that enables successes in an AI-empowered and green-conscious era.

GIGABYTE will make its presence with product lineups that fast-track the transformation of the tech landscape. By delivering massive computing resources from the cloud and data centers to the edge and end users, GIGABYTE’s innovative products drive agile operations and faster time-to-insight for businesses and experts in diverse markets, also providing an enjoyable and immersive experience for consumers.

GIGABYTE showcases its all-around expertise with the most powerful AI/HPC servers, advanced cooling solutions, industrial PCs, autonomous vehicle technologies, gaming and creator products. The spectacular exhibits will be held from January 9th to 12th, at Booth #9637, North Hall, Las Vegas Convention Center.

Unlock Endless Possibilities in AI with GIGABYTE’s AI/HPC Servers 

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At CES 2024, GIGABYTE and its subsidiary, Giga Computing, will present the latest AI/HPC server lineup. Incorporating top-notch GPU and accelerators, GIGABYTE offers versatile solutions turbocharging the most demanding AI workloads, such as generative AI, large-scale language model training, metaverse, digital twins, rendering and 3D graphics, showcasing the essential data center solutions for tomorrow’s AI.

GIGABYTE’s server products address diverse IT deployment scenarios. GIGABYTE will exhibit a storage server tailored for large language models, an Arm server for cloud-native deployments, and an edge server optimized for 5G applications. These diverse servers will empower various industries to embrace future opportunities with flexible and pain-free IT upgrades.

The Advanced Cooling Solutions, AIoT, and Automotive Technology Exemplify GIGABYTE’s Well-rounded Expertise

As a leading expert and integrator for advanced cooling solutions, GIGABYTE will exhibit its portfolio of single-phase immersion cooling and direct liquid cooling systems at CES. These solutions exemplify GIGABYTE’s commitment to providing sustainable, energy-efficient data center solutions. GIGABYTE’s solutions are widely trusted by the world’s leading enterprises and institutes including global semiconductor giants, telecom companies, and research centers.

GIGABYTE’s advanced cooling solutions support the latest CPU/GPU technologies from AMD, Intel, and NVIDIA, providing a diverse range of server options suitable for various IT deployment strategies and unlocking the maximum potential of CPUs/GPUs. The optimized server performance is accompanied by reduced energy consumption, providing exceptional sustainability benefits and a favorable total cost of ownership. 

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GIGABYTE’s comprehensive technologies extend the reach of computing power from data centers to connected applications close to end users. Industrial PCs facilitate process automation in manufacturing plants and outdoor signages, delivering top-tier performance under harsh environments. Advanced driver assistance systems (ADAS) and vehicle telematics facilitate a highly intelligent autonomous driving experience. These hardware innovations demonstrate GIGABYTE’s role in facilitating AI-driven digital transformation.

The Gaming and Creator Lineups Push the Frontier of Performance and AestheticsIn addition to enterprise products and solutions, GIGABYTE will showcase an exciting array of computer product lineups, encompassing AORUS, AERO, and GIGABYTE laptops, motherboards, graphics cards, and OLED gaming monitors. Notably, the new flagship AORUS gaming laptops will feature a sleek, revamped design, coupled with powerful performance, a captivating edge-to-edge display, and seamless integration of next-gen AI applications, promising an unparalleled gaming experience. Creators will find delight in the AERO 14 OLED laptop’s professional 2.8K OLED HDR display, featuring world-class color calibration and exclusive AI eyecare technology. Console players will be amazed by the world’s first 48-inch 4K/120Hz OLED monitor and how it delivers a lifelike audio-visual delight. For DIY computer enthusiasts, the motherboards and graphics cards will win their hearts with user-friendly designs and robust performance for resource-intensive features.

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