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Momenta launches $100m venture capital fund

Venture capital firm Momenta has launched the Industry 5.0 Fund with a target of US$100 million. The fund has been conceived to support entrepreneurs who are advancing new paths to more human-centric, resilient, and sustainable industry operations, as outlined in EU Commission's Industry 5.0 ini...

February 02

Unitirreno subsea cable goes into production

Italian operator Unitirreno Submarine Network S.p.A. (Unitirreno) today announced Contract-in-Force (CIF) for the construction of its new optical fibre submarine cable system in the Tyrrhenian Sea. The approximately 1,030 kilometres system will connect Mazara del Vallo to Genoa (890km) and will have a branch to Rome (140km). The construction of the new network has been t...

February 02

Apollo, Elliot Investment inject $900m into Western Digital

Western Digital (NASDAQ: WDC) has announced a $900 million capital injection from Apollo Global Management and Elliott Investment Management L.P. through the sale of convertible preferred stock. The move is part of Western Digital’s strategy to strengthen its position in the rapidly evolving data centre storage industry and to compete with other rival providers of data st...

February 02

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