Cerberus invests in Datawave’s SING subsea cable project

Quite a few weeks after Ethiopia’s maiden initial public offering (IPO) closed, Ethio Telecom has revealed how many of the company’s shares were actually sold of the 100 million on offer – and it seems the total was very modest indeed.

Underlining the continuing effect of the AI boom on Asia, Thailand has reportedly approved an estimated US$2.7 billion of investments in data centres and cloud services from both local and foreign firms.