Victoria Fox's Blog, page 124

Cellnex: more diversification and margins and multiply the dividend by 10 from 2026

Cellnex will focus on its main markets and sell non-strategic ones, as reported at its investor day, in which it announced the closing of the sale of the Irish subsidiary for 971 million. It also aims to increase diversification beyond towers, so that the rest of the businesses (what it calls augmented tower) will account for 15% of revenues in 2027. Likewise, to achieve efficiencies in rentals, it will create a vehicle – in which minorities may enter – to buy the land where the towers are located. It will pay a minimum of 500 million in dividends from 2026, ten times more than now. The dividend will grow at 7.5% annually and ensures a minimum distribution of 3,000 million euros in the five years between 2026 and 2030. S&P has announced today that it has given Cellnex investment grade, one of the major strategic objectives.

Cellnex is carrying out a strategic review of its portfolio to focus on core markets and businesses and selectively divest non-core business lines that have limited growth potential.

Simplicity

AND

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Cellnex sells the Irish subsidiary for 971 million

Phoenix Tower International (PTI) and Cellnex Telecom have reached an agreement whereby PTI will acquire 100% of Cellnex’s business in Ireland for approximately €971 million, equivalent to a multiple of 24 times EBITDAaL.

Cellnex operated in Ireland

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Meta: Facebook and Instagram could not be reached worldwide

Facebook and Instagram have experienced technical disruptions worldwide. The US parent company Meta announced that since 4:30 p.m. CET, users around the world have been having difficulties getting access to Facebook, Instagram and Threads. “We are working on it,” wrote Meta spokesman Andy Stone at X. A short time later, the services were accessible again.

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Further

Users of online services from the Meta Group had previously reported on platforms such as X and Bluesky that they had been logged out and were unable to log in again. Thousands of users reported technical problems with the allestoerungen.de service.

After about an hour the problem was resolved again. Stone reached out again via X: “We have resolved the issue as quickly as possible for everyone affected and apologize for the inconvenience.”

How the disruption occurred remains unclear. There have been repeated failures in recent years.

Facebook and Instagram have experienced technical disruptions worldwide. The US parent company Meta announced that since 4:30 p.m. CET, users around the world have been having difficulties getting access to Facebook, Instagram and Threads. “We are working on it,” wrote Meta spokesman Andy Stone at X. A short time later, the services were accessible again.

Users of online services from the Meta Group had previously reported on platforms such as X and Bluesky that they had been logged out and were unable to log in again. Thousands of users reported technical problems with the allestoerungen.de service.

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Bundeswehr espionage: How could the Taurus conversation be intercepted?

Update: Defense Minister Boris Pistorius has now announced that the reason why a telephone conversation between four German officers could be recorded was due to an “individual application error”. A person did not dial in via a closed connection. According to Pistorius’ statements, Russia carried out “widespread wiretapping operations” during the Singapore Airshow. The Webex conference of the German officers was probably a “random hit”.

It is an audio recording that is causing political upheaval: On Friday, the editor-in-chief of the Russian state broadcaster RT published on Telegram a recording of a conversation between four high-ranking officers in the German Air Force who were discussing the potential use of Taurus missiles in Russia’s war against Ukraine . How could the conversation be listened to and recorded?

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Apple: We Can Gaming Now, Really

I stumble, stagger, I can see what’s about to happen, it happens: I fall. I get up again and walk a few meters with this huge bundle on my back. And the next tiny stone on the path causes me to stumble, stagger and fall again.

Falling is not a feature of this game, at least not as often as it happens to me. It comes from not being able to press the right buttons in the right places. It’s not that easy while I’m sitting on the subway trying to control the game with the touchscreen of my iPhone .

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Asterion and Telefónica postpone the sale of Nabiax

The Spanish data center giant is negotiating to expand its agreement with Microsoft, which will increase the value of the group to more than 1,000 million.

Asterion and Telefónica have parked the sale of Nabiax , their joint data center business, until the end of summer due to the negotiations that the company has with Microsoft to extend the agreement they have had since 2020 for the use of the infrastructure.

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Carlos Body: "Sepi is in charge of entering with a participation in the capital of Telefónica"

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Music streaming: EU Commission imposes 1.8 billion euro fine on Apple

The EU Commission has imposed a fine of 1.8 billion euros on the iPhone manufacturer Apple . The EU Commission said the group was abusing “its dominant position in the market for the distribution of music streaming services” and preventing competitors such as Spotify from informing users about other and cheaper offers. “This is illegal under EU antitrust rules,” the Commission argued.

Apple immediately announced that it would take legal action against the penalty.

The music streaming service Spotify and Apple have been arguing for years. The EU Commission had already criticized in 2021 that sales of subscriptions in apps had to be processed via Apple’s payment platform if an app was downloaded via Apple’s App Store. The group keeps 30 or 15 percent of the income.

Spotify thought it was unfair that Apple was left with more money for its competing music service because of this levy for the same subscription price.

Apple: no hard evidence

Apple rejected the allegations. The EU Commission was unable to find any solid evidence that consumers had been harmed. A large part of Spotify’s success is due to the App Store.

Since the launch of the download platform in 2008, Apple has generally charged a 30 percent levy on revenue from digital items or services such as subscriptions. For subscriptions that last longer than a year, the commission drops to 15 percent – even for developers who earn less than a million dollars a year. According to Apple, Spotify does not pay Apple any money because it sells subscriptions outside of the app.

Apple presented alternatives for the app business in the EU in January. This includes reducing the tax on the sale of digital items and subscriptions via the in-house app store. The previous 30 percent and 15 percent for subscriptions from the second year onwards will become 17 and ten percent respectively. However, Apple emphasizes that this share should be collected regardless of which payment service an app developer uses. If an app uses Apple’s payment system, an additional three percent is due.

Commission takes action against Apple and Google

The basis for the current decision is the Digital Markets Act (DMA), which subjects technology companies to stricter regulation if they have a certain number of users. If they fail to comply, companies face penalties of up to ten percent of annual sales.

It is the first penalty against Apple for violations of European competition law. The EU Commission had already imposed payments totaling eight billion euros against Google in recent years.

The EU Commission has imposed a fine of 1.8 billion euros on the iPhone manufacturer Apple . The EU Commission said the group was abusing “its dominant position in the market for the distribution of music streaming services” and preventing competitors such as Spotify from informing users about other and cheaper offers. “This is illegal under EU antitrust rules,” the Commission argued.

Apple immediately announced that it would take legal action against the penalty.

The music streaming service Spotify and Apple have been arguing for years. The EU Commission had already criticized in 2021 that sales of subscriptions in apps had to be processed via Apple’s payment platform if an app was downloaded via Apple’s App Store. The group keeps 30 or 15 percent of the income.

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AfD on TikTok: Young, fast, funny, right-wing

This article is part of ZEIT am Wochenend, issue 09/2024.

Cat, Porsche, vacation, home.

Adele, smoothies, sea, demos.

Cologne Carnival, Aldi, black-red-gold, migrants.

Dua Lipa, RTL, Reichsflagge, crime statistics.

It’s the first three minutes of a brand new account, and the algorithm has already understood: the user comes from Cologne. He does not like cats. He gets stuck on crime statistics about the most dangerous cities in North Rhine-Westphalia for two seconds. You might also be interested in: German cities with the most migrants. And four clips later: the correlation between the number of migrants and the crime rate in German cities. In four-four time , TikTok pushes the user to the right edge.

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OpenAI: OpenAI contradicts allegations from Musk lawsuit

According to media reports, the ChatGPT developer company OpenAI defended itself against allegations from a lawsuit by tech billionaire Elon Musk in an email to employees. The manager responsible for strategy issues, Jason Kwon, contradicted, among other things, Musk’s claim that OpenAI is actually controlled by the major investor Microsoft. This was reported by the financial service Bloomberg and the website Axios .

The allegations may have been due to Musk’s regret that he was no longer involved with OpenAI, Kwon wrote. OpenAI has not yet commented publicly on the lawsuit.

Criticism of OpenAI’s profit orientation

Elon Musk filed a lawsuit against OpenAI at the end of the week – a further escalation in his feud with OpenAI and company boss Sam Altman . The essence is that the company OpenAI, co-founded by Musk in 2015, has deviated from the agreed path of being a non-profit company whose research into artificial intelligence should benefit humanity. Major investor Microsoft in particular is now benefiting from this, according to the lawsuit filed in San Francisco on Thursday. This is a “flagrant violation” of the original founding agreement.

Musk, who left OpenAI after a few years, has long criticized OpenAI and Altman. Last year he founded his own AI company called X.AI, whose chatbot Grok competes with ChatGPT .

According to Axios , Kwon also contradicted Musk’s claim on Friday that the current AI technology GPT-4 is already a form of so-called general artificial intelligence. This is the name given to AI software that can not only complete individual, narrow tasks better than humans, but is generally superior to them. According to OpenAI’s internal rules, Microsoft is not allowed to have access to the company’s general artificial intelligence technology.

According to media reports, the ChatGPT developer company OpenAI defended itself against allegations from a lawsuit by tech billionaire Elon Musk in an email to employees. The manager responsible for strategy issues, Jason Kwon, contradicted, among other things, Musk’s claim that OpenAI is actually controlled by the major investor Microsoft. This was reported by the financial service Bloomberg and the website Axios .

The allegations may have been due to Musk’s regret that he was no longer involved with OpenAI, Kwon wrote. OpenAI has not yet commented publicly on the lawsuit.

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