SK Hynix confirmed it is exploring various options to strengthen its global competitiveness, while pushing back on a press report about a potential tie-up with Intel in the US.

The South Korean chip giant issued a statement in response to a Reuters article claiming it had held discussions with Intel about a deal to make memory chips in the US for the first time.

SK Hynix pointed to two other possible scenarios mentioned in the article speculating it could lease part of a long-planned Intel semiconductor manufacturing facility in the US state of Ohio; and referring to the possible formation of a joint venture involving the chip players and major cloud companies.

“No decisions have been made regarding the two scenarios mentioned in this article.”

While SK Hynix indicated it is mulling how to boost its global presence, it added no specific plans or arrangements have been made.

“We would like to clarify that nothing has been finalised regarding cooperation with any specific companies mentioned in the article or memory chip production in the US.”

SK Hynix listed its shares in the US earlier this year, raising more than $26 billion in an IPO as investors seek to tap the AI boom.

US Secretary of Commerce Howard Lutnick said in July SK Hynix should up efforts to expand memory production in the country to address a shortage.

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Vodafone Group will reportedly miss out on more than €1.1 billion in deferred payments from German broadband venture OXG, after its partner Patrick Drahi’s Altice agreed a deal to sell its stake.

Financial Times reported Vodafone was set to receive deferred payments of €487 million and a further €595 million from Drahi’s Geodesia Holding, which held the stake that was managed by Altice, based on hitting business objectives.

That agreement has, however, been thrown into the water due to Societe General agreeing to acquire Drahi’s stake. The buyer will not be subject to the same commitments Drahi was, according to sources, meaning Vodafone will miss out.

In a statement released by Vodafone in September after the deal between Geodesia Holding and Societe Generale was agreed, the operator expressed support of the sale.

“The transaction secures a committed funding partner in OXG, enabling the continued expansion of its fibre network in Germany, while maintaining strategic flexibility for Vodafone.”

Vodafone partnered with Drahi’s Altice to launch OXG in 2023, with both companies taking a 50% stake in the business.

However, the entity has struggled to hit targets. FT reported OXG committed to spend €7 billion on its fibre buildout to more than seven million homes in Germany up to 2029, however it encountered higher than expected costs.

The network currently only reaches 1 million homes. Vodafone was due to receive the first of its deferred payments after reaching 1.5 million homes.

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Intel-backed Altera confidentially filed for a listing in the US, adding to a frenzy of IPO-related activity in the technology sector in 2026.

In a short statement, the company disclosed it had submitted the registration with the Securities and Exchange Commission (SEC).

The number of shares and the price range for the listing was not revealed. Reuters reported last week the firm was preparing the move, with plans to raise more than $2 billion.

Altera makes programmable chips used in data centres, telecoms networks, AI applications and for aerospace and defence systems.

Intel offloaded a 51% majority stake in the business to private equity company Silver Lake last year, a deal that gave Altera a valuation of around $8.8 billion.

As part of the sale, Intel remained on board as a strategic partner and retained the remaining 49%. It acquired the company in 2015 for $17 billion.

Bloomberg reported US IPO activity has soared on the back of large AI investment.

SpaceX set the pace with a record-breaking IPO that raised $75 billion, while SK Hynix raised $29 billion in what was the largest-ever US listing by a foreign company.

There is also more tipped to come, with AI rivals OpenAI and Anthropic in line for market debuts in the next year.

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Telefonica agreed a five-year deal worth around €1.7 billion with sports streamer Dazn to broadcast Spanish football matches, in line with the operator’s pay-TV strategy.

The operator stated it would pay an average of €330 million per season from 2027, in an arrangement running until 2032. The sum is 18% more than the €1.4 billion deal Telefonica agreed with Dazn in 2022 which also spanned five seasons.

Telefonica has made football a central part of its strategy, using premium sports content to attract high-value customers on its pay-TV bundled packages.

It faced increased competition for the rights to show top-tier La Liga matches, which has expanded access beyond traditional broadcasters, and attracted interest from US media groups and digital companies.

UK streaming service Dazn holds the rights to show around half of the matches in La Liga and the new agreement gives Telefonica access to games lost to the streaming service following an auction in 2025 which was worth €5 billion.

Telefonica attributed a domestic revenue increase in Q2 to a boost from TV subscribers during the FIFA World Cup tournament.

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Space42 and Viasat outlined an investment of $1 billion in shared infrastructure platform Equatys, as the pair signed a binding agreement to establish the joint venture.

The funding commitment was announced alongside the signing of a formal deal to form Equatys at the World Space Business Week event, being held this week in Paris.

It represents the next phase in the process to set-up the company after the duo detailed plans in September 2025.

Formation of the venture, constellation procurement and definitive agreements remain subject to closing conditions including regulatory approvals and the appointment of Viasat as the prime technology contractor.

Equatys is pitched as a shared space and ground infrastructure platform which will support the extension of mobile coverage and overlay in places terrestrial networks cannot serve.

Funding is expected to come from a combination of equity from the founders and third-parties, along with debt financing sources.

The company is expected to operate a tower company model, providing what the companies describe as a “neutral, shared layer of both satellites and ground infrastructure”, reducing capital requirements for potential customers while accelerating deployment and increasing serve ability.

Space42 MD Karim Michel Sabbagh said signing the agreement signifies take-off for Equatys.

“For the first time, the satellite industry is building infrastructure the way the mobile industry thinks: shared, interoperable, standards-based and designed for billions of devices rather than millions of subscribers.”

Viasat chair and CEO Mark Dankberg added it is creating a new infrastructure category for global direct-to-device and advanced mobile satellite service connectivity, backed by unique spectrum assets, significant committed capital and a business model proven to scale the mobile industry.

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Telecoms group United Internet outlined a cost-saving programme across subsidiaries 1&1 Versatel and technology unit Ionos which will result in 800 job cuts.

United Internet stated it would implement a transformation and restructuring programme at 1&1 impacting processes and IT structures to increase productivity, cutting staff from 1,350 to 1,000 employees. It also plans a drive to simplify management and reduce hierarchies.

It expects the programme to entail one-off expenses of around €60 million this year and, following full implementation, an annual earnings contribution of around €25 million as of 2028.

As for Ionos, United Internet stated it launched a strategic transformation programme to align “with new market opportunities and future growth”, which would result in an adjustment to its workforce.

It stated consolidation of technical platforms and consistent use of AI would result in a reduction from 3,800 employees to 3,350, with the cuts split between domestic and international operations.

Costs incurred are expected to amount to €35 million, though it anticipates annual cost savings of up to €30 million beginning in 2027.

“The funds will be reinvested in a targeted manner including in AI product development and the further expansion of the cloud business,” it stated.

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The European Commission (EC) handed contracts to Thales Alenia Space and Aerospacelab for the buildout of the IRIS2 constellation, as EC president Ursula von der Leyen (pictured) set out the bloc’s priorities for the space sector.

Starting with Aerospacelab, the company stated it was selected as a key prime contractor for the low Earth orbit (LEO) segment of the IRIS2 programme, entrusted with building 264 satellite platforms in a deal worth €2.4 billion.

Benoit Deper, CEO of Aerospacelab, said its selection for IRIS2 “reflects a deliberate industrial choice and a defining moment for Europe as a whole”.

“Institutions are now also placing their trust in a new generation of space manufacturers: companies like Aerospacelab, built from the ground up to deliver satellite infrastructure at scale and speed,” he added.

Meanwhile, Thales Alenia Space, a joint venture owned by Thales and Leonardo, stated it had agreed a deal with Eutelsat to provide governmental payloads dedicated to 330 IRIS2 telecoms satellites in LEO.

The value of the deal is worth around €500 million, while the company expects to gain around €3 billion from the project overall.

Around 66 LEO Ka-only telecoms satellites will be launched in 2029, with Thales Alenia Space developing the payloads and Airbus Defense and Space providing the platforms.

It will also be responsible for the government payloads for a further 264 Ku/Ka telecoms satellites, scheduled to launch from 2030.

Competitive space sector
Speaking at the International Space Summit in Paris, von der Leyen said the IRIS2 programme would ensure resilient communications across Europe, strengthen digital sovereignty and reduce reliance on non-European satellite systems.

During a speech, she also set out a commitment to strengthen Europe’s access to space through greater private investment, while expressing the importance of a “strong and competitive space sector that can grow, scale up and compete globally”.

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Eutelsat and French satellite startup Skynopy officially launched what the pair claim is one of the largest software-defined ground infrastructures for current and future satellite offerings, covering in-orbit, orbital data centres and telecoms services.

Announced at the International Space Summit being held this week in Paris, the joint offering is called Global AKAR and brings together Eutelsat’s global footprint with Skynopy’s software technology and “commercial traction.”

The duo explained the ambition of the project is to utilise Eutelsat’s ground network of base stations to create a data backbone for multi-mission constellations in the S, X and Ka-bands.

The partnership aims to deploy 100 operational antennas by the end of 2029, enabling “a real-time service” at a very high throughput for the fast growing Low Earth Orbit (LEO) services market.

Global AKAR is designed to significantly reduce data latency to less than three minutes compared to the current state of the art standard of one hour, while delivering 10Gb/s throughput.

Partially supported by the French government, the project is now underway after successfully demonstrating the technical feasibility through a three-antenna proof of concept for Earth Observation.

The same infrastructure is designed to support a new generation of in-orbit services, enabling satellites to transfer data more efficiency and interact with in-orbit computing capabilities.

Customers are in line to benefit from access to a secure, high-capacity and globally distributed network without having to build out and operate their own ground infrastructures, said the partners. They further pointed to secure architecture and interfaces, making Global AKAR suitable for defence and other sensitive applications.

Emmanuel Macron, President of France, hailed Global AKAR as an alliance of a European champion in Eutelsat and one of France’s promising startups in Skynopy, “working hand in hand to offer the best service on the missing element of the space economy: the ground segment”.

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Xiaomi could reportedly face more heat in India after the country’s Serious Fraud Investigation Office (SFIO) called for a probe into the Chinese manufacturer over its business model and compliance with investment law.

Reuters reported the SFIO released a document recommending authorities look into the movement of funds and whether Xiaomi secured mandatory investment approvals, after India turned the screw on Chinese companies following political tensions in 2020.

Xiaomi is already facing a tax bill in the country and had some banking assets frozen in 2022 for illegal remittances, an allegation it denies.

Reuters reported the government is reviewing the SFIO recommendations and action could be taken.

The SFIO reportedly stated in the document: “The most important part of the proposed investigation should be examination of the beneficial ownership of foreign investors and group entities.”

It added any investigation “should verify whether any direct or indirect beneficial ownership, control or change in control was disclosed and approved as required”.

The SFIO did not specify what it wants investigated. Reuters explained the agency is tasked with looking into corporate fraud, and has the power to arrest and prosecute offenders.

Xiaomi’s smartphone share in India has reduced significantly in recent years.

Counterpoint Research figures indicate the vendor holds fourth-place, with a 13% share.

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Liberty Global agreed to sell towers owned by VodafoneZiggo to an entity owned by funds managed by a trio of companies in a €670 million deal, while revealing more asset sales are on the way.

The transaction, struck with infrastructure specialists DigitalBridge, TD Greystone Infrastructure and L&G, values the Dutch tower assets at 16.2x of their 2025 EBITDA.

Liberty Global has moved quickly since sealing its acquisition to take majority control of VodafoneZiggo early last month, which consequently led to the creation of Ziggo Group.

The holding entity holds Liberty Global’s interests in VodafoneZiggo and Telenet.

Through the tower sale, Liberty Global stated it will use the proceeds to retire debt across Ziggo Group, before adding further sales processes are underway.

It is looking to raise €1.2 billion to €1.4 billion from non-core asset disposals to support its intended listing of Ziggo Group in Amsterdam in the middle of 2027.

Mike Fries, chairman and CEO of Liberty Global, said the sale represents an important step towards the listing, as well as creating a platform for long-term value for shareholders and investors “who want to own part of this regional telecoms powerhouse.”.

The tower sale is subject to regulatory approval.

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Europe’s biggest mobile operators reportedly entered discussions to create a consortium that will bid on spectrum suitable for satellite services, with the view of launching joint direct-to-device (D2D) services in the continent.

Bloomberg reported Deutsche Telekom, Orange, Vodafone and Telefonica are looking to combine to secure airwaves that the European Union (EU) has earmarked for a European company, as part of a plan to bolster sovereignty and raise competition with Elon Musk’s SpaceX, which dominates the global D2D sector with Starlink.

The EU has indicated it will set rules around the distribution of 2GHz spectrum, reserving a third of the allocation for local companies, a plan which has drawn fire from SpaceX.

As per the EU’s proposal, a satellite operator securing a bulk of the spectrum will have to be majority controlled by a European business, Bloomberg noted.

Vodafone is already notably involved in a satellite joint venture with US-based AST SpaceMobile, designed to offer D2D services. Bloomberg stated the 50-50 ownership of the company would need to be adjusted for Vodafone to be in the running to secure the spectrum.

Current licences for the spectrum are due to expire in 2027.

The EU also plans to reserve a third of the spectrum for the IRIS2 European satellite network, a project led by the European Commission and European Space Agency.

The constellation is being built by a consortium consisting of Hispasat, SES and Eutelsat, offering mainly broadband services with limited D2D capabilities.

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Huawei reportedly emerged as Malaysia’s preferred supplier of AI chips, with serious consideration being given for the Chinese vendor to provide the hardware for a MYR2 billion ($494.3 million) sovereign AI initiative.

Bloomberg reported the country is leaning towards Huawei to drive its AI efforts, in a move which would prove unpopular with the US government but be a significant victory for Chinese AI technology.

Malaysia outlined a digital transformation project in October 2025 involving numerous initiatives including adopting blockchain, quantum computing and AI to give it more control over national data, while pledging to establish itself as an “AI nation by 2030”.

Bloomberg reported Huawei could provide the backbone for the push in what it believes would be the first known instance a foreign government opted for Chinese AI technology over US options.

If Malaysia did push ahead with Huawei’s technology, Bloomberg noted Prime Minister Anwar Ibrahim would effectively be defying US efforts to control global AI infrastructure and warnings not to buy from the vendor.

Malaysia is apparently assessing Huawei’s Ascend 910C product rather than the more advanced Ascend 950, which is limited in production.

The outlet recently reported Huawei is vying to build a data centre for the Egyptian government.

Huawei is racing to catch up to US rivals in the development of AI computing platforms, outlining its roadmap in 2025 and revealing plans to release “the world’s most powerful single system” in the fourth quarter this year.

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O2 Business claimed to be the first operator in the UK to offer satellite services for companies with the launch of a direct-to-device (D2D) offer which extends the reach of its connectivity beyond its mobile network.

It pitched O2 Satellite for Business as helping companies and staff to stay connected in more places across the UK.

O2 Business pointed to government figures showing 526,000 registered businesses in England are based in rural areas, which the operator stated makes providing reliable connectivity beyond the reach of mobile networks critical.

The service initiates automatically when customers move beyond O2 Businesses’ mobile coverage, connecting compatible smartphones without the need for additional satellite hardware or apps.

O2 Business stated the service essentially extends landmass coverage from 89% to 95%, giving “businesses greater confidence that their people can stay connected when working in remote parts of the UK”.

Services on offer include messaging, maps, weather and location share.

It is free on O2 Business Ultimate mobile plans, or £2.50 per month for customers on Plus plans.

O2 Business added it tested the satellite service in “challenging real-world conditions”: it provided 100 compatible phones to crews tackling a recent major wildfire in the county of Derbyshire.

“Businesses increasingly rely on always-on connectivity, but work doesn’t stop where mobile coverage ends,” CEO Jo Bertram said.

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ByteDance is reportedly in the process of developing an AI model which could rival Anthropic’s Mythos system as part of a bid to establish itself as a leader in China’s AI ecosystem.

Financial Times (FT) reported the TikTok owner is in the early stages of training a model with as many as 10 trillion parameters.

This would put ByteDance’s offering ahead of Anthropic’s cutting-edge Mythos and make it three-times larger than Moonshot Kimi K3, the biggest model to come out of China so far.

While Anthropic does not reveal the size of its models, FT reported the most advanced Mythos 5 system has 8 trillion parameters and its Fable 5 about 5 trillion.

ByteDance’s model is apparently being pre-trained, a stage in development which typically takes three-to-six-months. It would then be fine-tuned and released, provided there are no issues.

Chinese companies are showing their hand with regards to AI model development, with Moonshot and Alibaba highlighting releases in recent weeks.

FT added ByteDance invested more aggressively in AI than other Chinese companies, building data centres and attracting talent in the sector.

Founder Zhang Yiming reportedly told staff he wants the team to target “world-leading model capabilities” during an internal meeting last month.

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The European Commission (EC) and the European Space Agency (ESA) named Spain-based Hispasat as the lead contractor for its IRIS2 European satellite network, handing it a budget of more than €1.6 billion.

Owned by Spanish defence company Indra Group, Hispasat has been charged with providing antenna infrastructure, control systems and ground network connectivity for IRIS2.

It will also lead the development of the system’s very low Earth orbit layer, operating at altitudes below 750km. This layer is designed to provide direct connectivity services to mobile devices and for IoT, providing access for European startups and SMEs.

The agreement further guarantees Hispasat access to non-geostationary orbits in regions of high strategic interest, complementing its range of capabilities and geographic coverage.

To that end, Hispasat has committed an investment of up to €600 million in exchange for obtaining “exploitation rights” in regions of high strategic interest and commercial value for the business it already operates through its geostationary fleet.

The award comes following talks between the EC, ESA and SpaceRISE, a satellite consortium formed between Eutelsat, SES and Hispasat.

Luis Mayo, CEO of Hispasat, noted the agreement helps it strengthen its position among the leaders of the European space industry and in its main business areas.

The IRIS2 programme will deploy a network of 330 new LEO satellites and 12 medium earth orbit (MEO) birds, with initial services due to begin in 2030. In total, €15.6 billion will be invested in the project, with €11.6 billion coming from public funds and €4 billion from the SpaceRISE consortium.

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China’s cyberspace agency launched an investigation into products sold in the country by Palo Alto Networks, as the government turns up the heat on US suppliers.

In a short statement, the Cyberspace Administration of China (CAC) explained it had launched a cybersecurity review into the company, as part of its bid to ensure safe and stable operation of critical information infrastructure, prevent risks and vulnerabilities, and safeguard national security.

It did not disclose potential penalties for violations or which products it is looking into.

Palo Alto states on its website it has offices in Shanghai, Beijing, Guangzhou, Shenzhen and Macau. It sells network, cloud and other cybersecurity products in the country, but does not break out individual sales figures for the market.

China’s review comes the same week its commerce ministry barred domestic companies from doing business with seven US entities, while beefing up export controls on the US drone market.

Reuters reported Beijing has said the moves are in response to recent US restrictions impacting the Chinese technology sector, including controls put on the nation’s telecoms operators.

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Deutsche Telekom CEO Tim Hoettges declared all areas of the business delivered impressive growth in the first half of 2026, highlighting continued momentum in the US and demand for its MagentaTV service in Germany fuelled by the football World Cup.

An earnings statement for Q2 2026 showed group revenue rose 4.4% year-on-year to €29.9 billion, while net profit was up 11.1% to €2.8 billion. The top line growth was driven by a 5.2% increase in the US to €19.6 billion and a 3.5% uplift in Germany to €6.5 billion. T-Mobile US earnings were reported on 23 July.

The rest of Europe rose 1.5% to €3.2 billion, while Systems Solutions was a sour point with revenue declining 13.4% to €998 million.

In Germany, the second quarter “was dominated by the FIFA World Cup”, with the company broadcasting all of the matches on MagentaTV. It said a million new customers signed up to the TV offering, with a large majority opting for its flex rate plans.

The company also pointed to an increase of 161,000 customers for its fibre offering and 218,000 new contract subscribers in mobile.

In Europe, it added 189,000 mobile contract customers, 56,000 broadband net additions and 16,000 across various TV offerings.

The decline in Systems Solutions was put down to low orders, however it still anticipates an overall rise over the full year.

For the full year, the company increased its guidance for free cash flow after leases from €19.8 billion to around €20 billion.

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Global revenue from private mobile networks is estimated to grow from $2.3 billion in 2025 to $22 billion in 2030, according to an STL Partners forecast, with the manufacturing industry vertical leading the way in terms of spending.

In a new report, the research company stated the five-year uplift represents a compound annual growth rate (CAGR) of 58%, as the number of private network sites increase from 4,000 by the end of 2025 to more than 40,000 by 2030.

Manufacturing is “by far the largest vertical” and will continue to be so, growing at 59% CAGR on the back of AI-driven automation and Industry 4.0 use cases. Logistics, meanwhile is emerging as a fast grower at a CAGR of 86%, driven by labour shortages and a push into automation.

It also cited growth in utilities and construction, which will move ahead of transport by the end of the decade.

Rosalind Craven, principal analyst at STL, said private networks remain a fast-growing market, but cautioned growth alone will not make success straightforward for vendors and telcos operating in it.

“Enterprises are not buying networks for their own sake; they are solving specific business problems and chasing measurable outcome,” she said. “Private networks can support many of those goals, but success hinges on communicating that value clearly and winning budget priority against competing investments.”

STL said it gathered data from across 15 vertical industry verticals, seven use case groups and nine value chain components across 33 countries for its report.

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Samsung Electronics took the wraps off AI memory technology it stated can deliver eight-times the performance of its previous generation, as the vendor presented its vision on how to address growing demands for compatible infrastructure.

Unveiled at the Future of Memory and Storage 2026 event in Santa Clara, California, the company showcased the first concept models of zHBM and zNAND-O, which it stated represent the next-generation of 3D memory architectures.

It stated zHBM is designed for advanced AI computing, presenting a new architecture which vertically stacks high bandwidth memory directly above AI accelerators, “moving beyond conventional designs in which HBM is positioned alongside the processor”.

Samsung explained a next-generation interface system incorporating zHBM is expected to deliver an eightfold performance uplift over HBM5.

With next-generation wafer bonding technology, it can deliver more than 10-times the memory density of HBM5 while enhancing energy efficiency threefold and reducing thermal resistance by more than half.

It also apparently supports customer-specific designs, enabling customised IP to be integrated into “the interlayer between the memory and AI accelerator to expand memory capacity and enhance accelerator performance”.

The vendor positioned zNAND-O as a high-performance set-up combining high efficiency and low latency which is optimised for edge AI environments and capable of handling related real-time, data-intensive applications.

Finally, it showed off what it stated is the industry’s first V10 BV-NAND architecture featuring new wafer bonding with more than 400 layers capable of increasing storage density by 60% compared with previous generations.

$1 trillion market
Samsung is battling with the likes of SK Hynix and Micron to secure a leading position in the memory market and lucrative data centre contracts from major AI players.

In Q2, Samsung registered another all-time high in overall earnings, driven by memory sales.

Counterpoint Research estimates global semiconductor memory revenue will hit $1 trillion this year compared with $240 billion in 2025, due to demand from AI data centres and constraints on supply.

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French state investment bank Bpifrance sold a 2.5% stake in Orange for approximately €1.1 billion, but maintained its position as the operator’s largest shareholder.

In a statement, the investment bank disclosed it successfully placed 66.5 million shares at a price of €16.57 each, a move made in conjunction with the state.

Following the transaction, it separately holds approximately 7.1% of share capital and 5.9% voting rights.

Acting jointly as the group’s shareholder with the French state, the duo hold a stake of approximately 20.4% and 27% of voting rights. Board representation remains unchanged.

Reuters first reported the French stake was planning to sell a small stake in Orange yesterday (30 July).

“Bpifrance reiterates its support and confidence in the Orange management team and in the strategy pursued within the framework of its Trust the Future plan,” the investment bank added.

Orange CEO Christel Heydemann laid out the five-year strategy in February, focusing priorities on customer growth, AI investment and monetising infrastructure assets.

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