Deal Street Asia — Wipro Ltd’s corporate venture arm Wipro Ventures plans to invest in early-stage venture capital (VC) funds based in the US even as it buys minority stakes in early-to-mid-stage start-ups to help fill gaps in its own range of offerings. Wipro’s $100 million corporate venture arm, overseen by Rishad Premji, son of chairman Azim Premji, has minority stakes in four US-based start-ups; India’s third-largest software services firm has until now shied away from investing in VC funds.
Jewo City — Following the announcement, Kumar Sundaram wrote on Asia Progressive that Modi and Zuckerberg have come together to “end net neutrality in India“. While Mr Modi said India-US partnership was driven by economic ties, Mr. Obama said: “We also had a chance to talk about trade and investment”, adding that Mr. Modi is hoping that Indian Americans can contribute to India’s growth. The Internet entrepreneur and computer programmer also chose to include the Indian tricolour in his own Facebook profile picture.
IT News — US President Barack Obama and Chinese President Xi Jingping said they had reached a “common understanding” on curbing economic cyber espionage, but Obama remained wary and said he would impose sanctions on Chinese hackers who persist with cyber crimes.
Times of India — NEW YORK: Innovation, entrepreneurship, technology and renewable energy would be the focus of Prime Minister Narendra Modi during his visit to Silicon Valley over the weekend where he will meet CEOs of top American companies like Apple, Microsoft, Google and Tesla. On the first day of his arrival in Silicon Valley on September 26, Modi would visit the campus of iconic Tesla where he would be welcomed by its CEO Elon Musk. Modi would have a look at some of their path breaking inventions, particularly in the renewable energy sector.
Business Insider — Some of the most powerful tech leaders got together in Seattle to greet Chinese President Xi Jinping on his visit to the US Wednesday. And based on the group photo tweeted out by Seattle Times reporter Matt Day, it was a star-studded event:
Sydney Morning Herald — The Hawaiki submarine cable project, designed to connect high speed broadband between Australia, New Zealand and the United States, has launched a belated attempt to raise $US150 million – half of its total construction cost.Most of the global internet’s content currently comes from the United States where companies like Google and Facebook are based.
Jakarta Globe — Jakarta. Indonesian state-owned telecommunications provider Telkom says it aims to take 100 percent control of Guam-based GTA Teleguam, as part of its overseas network expansion. Telkom agreed in May to buy GTA Teleguam from the Japanese private equity firm Advantage Partners, but has since kept the details under wraps.
Network World — Fujitsu, the Japanese technology company with an international IaaS cloud offering, confirmed that it had a significant outage to the company’s California data centers last month. The company has released scant details about the outage, but at least one customer told Network World his service was out for five days. Fujitstu issued a statement noting that it is still investigating the situation, but revealed that it was caused by a loss of power to the company’s Sunnyvale data center.
Fierce Telecom — The FCC plans to extend mandatory reporting on service outages to submarine cable systems by issuing a notice of proposed rulemaking (NPRM) during its monthly meeting in September. It will consider a draft NPRM that proposes to require submarine cable licensees to report significant outages in appropriate detail through the FCC’s Network Outage Reporting System (NORS), where other wireline and wireless communications providers already report outages.
KUAM — Telkom Indonesia is the company that is looking to acquire GTA TeleGuam. In a recent hearing held by the Public Utilities Commission, company representatives laid out a point-by-point presentation on why the PUC should approve the deal. Indonesia’s largest telco says it is a cash-rich, low-debt, high-growth company. Total group revenues for 2014 were US$7.2 billion, with gross income of $3.7 billion and net income of $1.7 billion.
The Register — US data center outfit Telx, target of a takeover bid by Digital Realty, has gone offshore for the first time, joining the Google-backed FASTER submarine cable consortium. Telx’s Hillsboro server barn in Oregon, US, will be the termination point for an undersea cable that will link the Pacific Northwest to Asia. The fiber-optic pipeline will carry up to 60Tbps of internet traffic between the two continents.
Business Wire — NTT America, the wholly owned U.S. subsidiary of NTT Communications Corporation and WTG a leading global distributor of connectivity services, today announced they have entered into a strategic agreement to equip WTG agents and VAR partners with ICT solutions that facilitate the rapid growth and global expansion of both disruptive and established Internet-centric businesses, mid-market companies and enterprises from Silicon Valley and across the nation.
Datacenter Knowledge — Ramping up its push into the US cloud services market, Chinese internet giant Alibaba’s cloud arm Aliyun is planning a second cloud data center on US soil. The announcement comes about four months after the company announced the launch of its first US data centerin Silicon Valley.
Want Chinat Tmes — China’s largest online direct sales company, JD.com, on Monday announced launch of a “US Mall,” where Chinese customers can buy authentic products that are imported from the United States. At the launch event held on Monday, JD.com founder and CEO Richard Liu made a special mention that his company will feature authentic products from Taylor Swift, including a line of clothes that the artist is designing exclusively for JD.com customers.
Times of India — BENGALURU: Bank of America, which is one of the biggest technology customers of India’s $146-billion IT industry, is now again handing out business worth over $300 million to India’s second largest software exporter Infosys, after a brief drop in business volumes last year. According to Infosys’s latest quarterly report, the company now has a customer that contributes about $300 million of annual revenues.
Guam PDN — One week after the Commonwealth of the Northern Mariana Islands was disconnected from the world when its lone undersea fiber-optic cable broke, web service in Saipan has been restored. However, connection remains slow. The undersea cable operator, IT&E, announced Tuesday morning it “successfully installed an additional temporary link, between Saipan and Tinian, which has increased capacity tenfold compared to (Monday’s) restoration speeds.”
IT News — Network virtualisation company Megaport will invest $10 million over the next year to fund an aggressive expansion into the United States. The company, which was founded in 2013 by serial entrepreneur Bevan Slattery, today announced plans to establish its US headquarters in San Francisco.
China Tech News — Alibaba has agreed to sell four of its American e-commerce assets to U.S.-based social shopping platform OpenSky. Alibaba will give OpenSky 11main.com, Auctiva, Vendio and SingleFeed in exchange for about a 37% stake in OpenSky. No financial details or exact timing on the deal are yet available, according to reports in foreign media.
Datacenter Knowledge — California-based data center provider Server Farm Realty has struck a partnership with Chinese counterpart 21Vianet to provide services to customers in the US and China. Initially, 21Vianet is using SFR’s Silicon Valley data center to host customer equipment. Demand for data center space in the Silicon Valley is currently very high, and a lot of it comes from Chinese technology companies.
Times of India — NEW DELHI: The US has backed India’s stand on internet governance, saying both countries share a common vision of ensuring every global citizen has a say in decision-making on the subject. “I heard about your very well-received remark at the ICANN meeting in Argentina. As democracies, India and the United States share a joint vision for ensuring every global citizen can participate in decision making regarding internet governance,” US under secretary of State Catherine A Novelli said in an e-mail to telecom minister Ravi Shankar Prasad.