Latest news with #digitalgrowth
Zawya
3 days ago
- Business
- Zawya
UAE-IX powered by DE-CIX introduces 400 Gigabit ethernet connectivity
DE-CIX and datamena have upgraded the UAE-IX to offer 400 Gigabit Ethernet, enhancing its status as the largest and most advanced Internet Exchange in the Middle East and supporting the region's digital growth. Dubai, UAE: datamena, carrier neutral data centre and connectivity platform from du, the leading telecom and digital services provider, and DE-CIX, the global leader in Internet Exchange (IX) operations, announced a significant upgrade to the UAE-IX powered by DE-CIX, making it the first IX in the region to offer 400 Gigabit Ethernet (400 GE) access. This enhancement solidifies the UAE-IX's position as the largest and most advanced Internet Exchange in the Middle East, enabling unmatched connectivity and interconnection capabilities for enterprises, carriers, and content providers across the GCC and beyond. In the last year alone, connected customer capacity on the UAE-IX grew by two terabits, representing a 30% increase. With over six terabits of aggregate connected capacity and close to 110 participating networks—including Internet service providers, carriers, cloud platforms, content providers, and global enterprises—the exchange has evolved into a critical digital infrastructure hub for the region. Karim Benkirane, Chief Commercial Officer at du, said: 'We are proud to partner with DE-CIX in leading digital growth in the Middle East with the upgrade of the UAE-IX powered by DE-CIX to 400 GE access. It is our vision to foster a seamlessly interconnected landscape where businesses and consumers alike can benefit from unparalleled Internet exchange capabilities, heightened performance, and robust security. This milestone aligns with our commitment to maintaining the UAE-IX as a pioneer in interconnection and marks a transformative leap for regional digital ecosystems.' The UAE-IX stands out not only as a leading peering exchange but also as a provider of advanced enterprise-grade interconnection services, including cloud exchanges, cloud routing, and application connectivity such as the Microsoft Azure Peering Service (MAPS). Ivo Ivanov, CEO of DE-CIX said: 'The UAE-IX today stands as a global Internet hub, bringing together the network operators, content, applications, and cloud services to serve the entire GCC region with resilient and low latency connectivity. This upgrade further reinforces the importance of the UAE-IX, now ready to serve the rising demand for everything digital. The excellent collaboration with our partner du has enabled the UAE-IX powered by DE-CIX to shine as the most important aggregation point for network interconnection in the Middle East. I look forward to a bright future working together for the next decade of digital development.' DE-CIX, renowned for its neutral interconnection ecosystem and extensive global footprint, has been active in the Middle East for over a decade, with IX operations spanning Iraq, Jordan, Qatar, Turkey, and the UAE. The UAE-IX powered by DE-CIX in Dubai is operated under the DE-CIX as a Service (DaaS) model, offering a turnkey solution for partners—including carriers and data center operators—through comprehensive services such as setup, maintenance, provisioning, marketing, and sales support. This upgrade is set to empower regional businesses, foster technological advancement, and support the rapidly growing demand for high-performance, low-latency digital connectivity, paving the way for continued innovation and growth in the Middle East. About datamena datamena is the UAE's fastest growing carrier neutral data centre and leading digital hub serving the Middle East and Africa (MEA) region. It is owned and operated by du, from Emirates Integrated Telecommunications Company (EITC). Carriers, hyperscalers, cloud and content providers and enterprises choose datamena because it provides a growing ecosystem of partners that enables them to meet, connect and do business to accelerate growth in Asia, Africa, Europe and the Middle East. datamena provides customer access to critical digital infrastructure and partners within a simple and seamless ecosystem to allow them to benefit from global cloud and content hubs by providing a seamless and high-performance data centre, connectivity and interconnectivity solutions dedicated to enabling local and global digital transformation and we're only just getting started. The simple, secure and open ecosystem has been awarded 'Best Internet Exchange Innovation' at the 15th edition of the prestigious Global Carrier Awards 2019, which took place in London, United Kingdom. About DE-CIX DE-CIX, pronounced DEE-KICKS [dˈi:-kˈɪks], is the world's leading operator of Internet Exchanges (IXs). Founded in 1995, the company is celebrating its 30th anniversary in 2025. DE-CIX offers its interconnection services in 60 locations in Europe, Africa, North and South America, the Middle East, and Asia. Today, accessible from data centers in over 600 cities world-wide, DE-CIX interconnects thousands of network operators (carriers), Internet service providers (ISPs), content providers and enterprise networks from more than 100 countries, and offers peering, cloud, and other interconnection services. DE-CIX Frankfurt is one of the largest Internet Exchanges in the world, with a data volume of over 45 Exabytes per year (as of 2024) and close to 1100 connected networks. Close to 250 colleagues from over 35 different nations form the foundation of the DE-CIX success story in Germany and around the world. Since the beginning of the commercial Internet, DE-CIX has had a decisive influence – in a range of leading global bodies, such as the Internet Engineering Task Force (IETF) – on co-defining guiding principles for the Internet of the present and the future. As the operator of critical IT infrastructure, DE-CIX bears a great responsibility for the seamless, fast, and secure data exchange between people, enterprises, and organizations at its locations around the globe. Further information at
Reuters
4 days ago
- Business
- Reuters
Zee Entertainment shareholders to invest $261 million in fundraiser
June 16 (Reuters) - Indian broadcaster Zee Entertainment ( opens new tab on Monday approved a fundraise through the issue of fully convertible warrants worth 22.37 billion rupees (about $261 million) to certain shareholders. Zee will issue up to 169.5 million fully convertible warrants on a preferential basis to Altilis Technologies and Sunbright Mauritius Investments, in one or more tranches. The fundraise is part of Zee's plan to build its core business and invest in high-potential emerging segments, the company said, without expanding on the details. The development also comes as Zee tries to stabilise its operations and focus on digital growth after many efforts including cost cuts, trimming staff, and investing in new content to regain ground after the fallout from last year's failed merger with Sony's (6758.T), opens new tab Indian assets. The total promoter shareholding post the fundraise will increase to 18.39% from 3.99% as of March-end 2025, Zee said. ($1 = 85.8080 Indian rupees)
Yahoo
06-06-2025
- Business
- Yahoo
True Religion Promotes Kristen D'Arcy and Tina Blake
True Religion has promoted executives Kristen D'Arcy and Tina Blake to support the growth of its digital and women's businesses and meet the company's goal of achieving $1 billion in sales in a few years. D'Arcy has added the title of head of digital growth, in addition to continuing to serve as chief marketing officer. D'Arcy has served as chief marketing officer since 2023, when she became the first and only person in the company to hold that title. More from WWD Former Printemps, Zimmermann Investor Borletti Group Buys Stake in True Religion How True Religion Aims to Reach $1 Billion in Volume Brazilian Pop Star Anitta Kicks Off True Religion's New Marketing Platform 'In addition to overseeing all marketing efforts, Kristen now runs True Religion's e-commerce business, the brand's biggest growth driver, which is slated to represent nearly 50 percent of the business by the end of this year and will continue to grow double digits year over year,' the company indicated in a statement. Three years ago, True Religion's digital business accounted for 35 percent of the total business. D'Arcy said the growth in digital will be achieved by improving True Religion's digital experience and customer service and increasing website conversion. Among other accomplishments, D'Arcy launched True Religion's 'Team True' content-creator and 'Own Your True' platforms. Blake has been promoted to creative director and senior vice president of design, merchandising and brand image. With the promotion, Blake now manages the entire merchandising organization, overseeing all men's and women's merchandising, in addition to design for all of the brand's digital channels. Her former title was senior vice president of men's and women's design and brand Image. 'My priorities, from a high-level business perspective, aren't changing. I'm here to drive growth in the business by creating great product and a great, aspirational brand image,' said Blake. 'In terms of merchandising, our team has been doing an amazing job, so I'm looking more at optimizing processes, focusing on specific category growth, dialing in how we leverage trend data and making sure we're always looking forward from a product perspective.' Officials said the promotions did not result in any departures from the company. The denim, sportswear and accessories brand distinguished by its 'Super T' stitch expects annual sales to top $450 million this year. True Religion expects to reach its goal of $1 billion in sales in three to five years. 'Kristen and Tina have been key to driving the growth of our digital and women's businesses and in their newly expanded roles, they'll have even greater resources and ability to accelerate our business and take True Religion to the next level,' Michael Buckley, True Religion's chief executive officer, said in a statement. Best of WWD Macy's Is Closing 66 Stores in 2025 — Here's the List, Live Updates Inside the Demise of Lord & Taylor COVID-19 Spikes Elevate Retail Concerns Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
RedBird Capital Partners Announces Agreement To Acquire Telegraph Media Group
RedBird Capital Partners has today announced an in-principle agreement to acquire the Telegraph Media Group, becoming the sole control owner, which unlocks a new era of growth for the 170-year-old title RedBird's growth strategy will include capital investment in digital operations, subscriptions and journalism as it looks to expand The Telegraph internationally RedBird is in discussions with select UK-based minority investors with print media expertise and strong commitment to upholding the editorial values of The Telegraph International Media Investments ("IMI") will participate as a minority investor subject to ongoing secondary legislation NEW YORK, May 23, 2025--(BUSINESS WIRE)--RedBird Capital Partners ("RedBird") today announced that it has reached an in-principle agreement to acquire The Telegraph Media Group ("The Telegraph" or "TMG") at a total enterprise valuation of £500m, becoming the sole control owner. It is the largest investment in UK print media in a decade and unlocks a new era of growth for the 170-year-old title. RedBird's growth strategy will include capital investment in the group's digital operations to continue driving subscriptions, using best in class data analytics and Artificial Intelligence tools to expand the value proposition to its core subscriber base and potential new subscribers. RedBird will build on the strong financial foundations established by the current management team and will work with them to grow the brand internationally, with a focus on the United States where RedBird has a strong strategic presence across news, media and sports. Together, RedBird and TMG senior leadership will work to develop new content verticals in areas such as travel and events to maximise the commercial opportunities from a growing international and mass affluent subscriber base. With this transaction, RedBird has emerged as one of the largest investors in UK media, sports and entertainment, with a portfolio including Premier League Champion Liverpool FC; All3Media, the UK's largest independent television, film and digital production and distribution company; Fulwell Entertainment, one of the UK's leading television, film and music production companies; Build a Rocket Boy, one of the UK's largest independent video gaming and entertainment studios; and the pending acquisition of the UK's Channel 5 as a result of Skydance Entertainment's merger with Paramount Global. Gerry Cardinale, Founder and Managing Partner of RedBird, said: "This transaction marks the start of a new era for The Telegraph as we look to grow the brand in the UK and internationally, invest in its technology and expand its subscriber base. We believe that the UK is a great place to invest, and this acquisition is an important part of RedBird's growing portfolio of media and entertainment companies in the UK. Having now spent time with Chris Evans, Anna Jones and the entire senior management team at The Telegraph, we have tremendous conviction in the growth potential of this incredibly important cultural institution." "RedBird has a 30-year track record partnering with iconic, longstanding brands and supporting their underlying intellectual property for new forms of monetisation. We are looking forward to working with The Telegraph's exceptional leadership to deliver a growth plan that takes The Telegraph's journalism to new audiences around the world." "I also want to thank the Independent Directors and Deputy Chairman, Lord Black, for their tireless work and unwavering commitment to seeing this sale process through over the last two years. With this announcement, we are now looking forward to working with the Independent Directors and UK government regulators to complete our acquisition process." Chris Evans, Editor of The Daily Telegraph, said: "The Telegraph has made enormous progress in recent years since the launch of its digital subscriptions strategy, thanks to the hard work of its brilliant staff. But there is much more that can be achieved. With the right plan and the right investment by ambitious new owners, this venerable title can look forward to an era of unprecedented success." Anna Jones, CEO of Telegraph Media Group, said: "Telegraph Media Group is an award-winning news media organisation, with exceptional journalism at its heart, supported by leading commercial expertise, a commitment to innovation and a laser focus on data to drive strategy. RedBird Capital Partners have exciting growth plans that build on our success - and will unlock our full potential across the breadth of our business." RedBird has ambitious growth plans that focus on investing in top journalistic talent, from award-winning reporters to opinion-leading commentators. It will also remove barriers to growth and accelerate the transition to digital, building on The Telegraph's success as 'Website of the Year' at the UK Press Awards for two consecutive years. A key part of RedBird's strategy is expanding The Telegraph's global reach, particularly in the United States, leveraging the title's iconic brand and authoritative reporting to drive new audiences seeking world class independent journalism. Collaboration across RedBird's portfolio will create unique partnership opportunities, blending tradition with innovation to expand The Telegraph's position as a global leader in quality journalism. RedBird is in discussions with select UK-based minority investors with print media expertise and strong commitment to upholding the editorial values of The Telegraph. International Media Investments ("IMI") will also participate in the acquisition as a minority investor, subject to the passage of secondary legislation regarding foreign ownership thresholds. RedBird Capital Partners was founded in 2014 by Gerry Cardinale, a leading investor and philanthropist with significant experience in building multi-billion-dollar iconic intellectual property companies. Managing a global portfolio of sports, media and entertainment, and financial services companies, RedBird spans ten offices worldwide, serving blue-chip institutional and family office investors seeking unique, transformative and differentiated investment opportunities across these three industry verticals. RedBird's flagship investments include Skydance Media (Larry and David Ellison) and its pending merger with Paramount Global; All3 Media; AC Milan; Fenway Sports Group (Boston Red Sox, Liverpool FC, Pittsburgh Penguins, PGA Tour); the Yankees Entertainment & Sports ("YES") Network (New York Yankees and Amazon); Artists Equity (Ben Affleck and Matt Damon); Fulwell Entertainment (Ben Winston, James Corden and Maverick Carter); the United Football League (Disney/ESPN, Fox and Dwayne Johnson); the Indian Premier League's Rajasthan Royals; and Formula One's Alpine Racing team. RedBird also has a strong foothold in the financial services sector through a broad investment portfolio across insurance, specialty finance and wealth management, including Arax, one of the fastest growing wealth management platforms in the US that RedBird has scaled to $27 billion of AUM; Aquarian, a diversified life and annuity carrier and asset management platform with $20 billion in assets; and Bishop Street Underwriters, which recently acquired Landmark Underwriting, a specialty-focused managing general agent based in London, to expand its reach into the UK insurance market. About RedBird Capital Partners RedBird Capital Partners is a private investment firm that builds high-growth companies with strategic capital solutions to founders and entrepreneurs. The firm currently manages $12 billion in assets on behalf of a global group of blue-chip institutional and family office investors. Founded in 2014 by Gerry Cardinale, RedBird integrates sophisticated private equity investing with a hands-on business-building mandate that focuses on three core industry verticals – Sports, Media & Entertainment, and Financial Services. Over his 30-year investment career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic growth companies in their respective industries. For more information, please go to View source version on Contacts Hanbury Strategy - UK Media RedBirdCapital@ Gagnier Communications - US Media RedBird@
Arabian Business
15-05-2025
- Business
- Arabian Business
Trendyol, Zid join forces to grow revenue for SMEs in Saudi Arabia and UAE
Trendyol, an Istanbul-based e-commerce marketplace, and Zid, Saudi Arabia's leading e-commerce enablement platform, have partnered to accelerate growth opportunities for merchants in the Kingdom and the UAE. The partnership will provide local merchants with the tools to increase reach, scale, and grow digitally. The partnership with Zid will enable sellers to connect their stores to Trendyol, giving them instant access to over three million customers on the platform, the company said. 'Our focus has always been on empowering local businesses and enhancing the regional e-commerce ecosystem,' said Mohamad ElAnsari, CEO, Trendyol Gulf. 'This partnership opens new doors for brands and entrepreneurs to grow and marks an important step toward our longer-term ambition of enabling two-way commerce to and from Saudi,' he said. ElAnsari said their platform has already welcomed 1,000 local SMEs in a short time, and with Zid, it will be well positioned to expand that reach and support even more businesses in their digital journey. Mazen AlDarrab, CEO of Zid, said with Trendyol as a key sales channel, Zid merchants can now set up their store and seamlessly sync their inventory, product listings, logistics, and payments, gaining access to one of the region's fastest-growing digital marketplaces with millions of active, purchase-ready shoppers. 'Through Zid's unified dashboard, they can manage all sales channels in one place, online and offline,' he said.
