Industry News

Mergers and acquisitions (M&A) activity in the technology, media, and telecom (TMT) sector has reportedly experienced a notable surge, with cloud computing emerging as a dominant theme.

Real estate asset manager, CapitaLand Investment (CLI), announced that it will be investing over USD 700 million (SGD 944.3 million) to build its first data center in Japan.

China's rapid progress in artificial intelligence (AI), highlighted by the recent launch of Qwen2.5-Max, Kimi k1.5, and DeepSeek-V3, is generating excitement among AI experts. This advancement is expected to significantly impact various industries, particularly healthcare. As a result, the Chinese digital health market is poised for further growth, as long as data security measures are in place, according to GlobalData, a prominent data and analytics company.

Infobip has partnered with NTT Com Online Marketing Solutions Corporation to aid the launch of NTT's omnichannel communication platform, NTT CPaaS, in Japan.

Nokia today announced a leadership transition. Nokia’s President and Chief Executive Officer, Pekka Lundmark, has informed the Board that he will step down. The Board has appointed Justin Hotard as the next President and Chief Executive Officer of Nokia. He will start in his new role on 1 April, 2025. 

OpenAI and the SoftBank Group have announced a partnership to create and promote Advanced Enterprise AI known as ‘Cristal intelligence.’

Singtel announced that it is the first telecommunications company in Singapore to use the 700 MHz spectrum, expanding its 5G coverage across the country.

The investment arm of Enterprise Singapore (EnterpriseSG), SEEDS Capital (SEEDS), has announced the appointment of 20 new local and global partners to co-invest in Singapore-based deep tech startups.

Australia has prohibited the use of DeepSeek on all government devices due to concerns about security risks posed by the Chinese artificial intelligence (AI) startup. The Secretary of the Department of Home Affairs has directed all government entities to stop using DeepSeek products, applications, and web services, and to remove any existing instances from Australian government systems and devices.

The Indian government is anticipating a more than 33% decrease in revenue from the telecom sector to INR 82,442.84 crore in FY26, compared to the higher-than-expected INR 1,23,357.20 crore garnered in the current fiscal year ending March 31, according to budget documents.