SpeedEra Networks, a provider of content delivery services, has announced it has signed a definitive agreement to be acquired by US-based Akamai Technologies, in a stock-for-stock merger transaction valued at approximately $130 million.
With an average internet connection speed of 1,100 Kbps for the second quarter of 2009, Karnataka has been ranked second in a study of the top 10 Indian states for their average connection speeds. The state has recorded a 32 per cent increase in the average connection speed over last year.
Intelligent tools are being deployed to detect content pirated from OTT platforms.
Share of the world enjoying high broadband grew to 29 per cent.
In a significant push to popularise cricket in the US, a $120 million funding has been secured from prominent Indian-American business leaders, including Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen, to launch the first professional T20 league in the US. Major League Cricket (MLC), the first professional Twenty20 Cricket League in the US, announced Thursday that it has completed an initial close of a $44 million Series A and A1 Fundraising Round led by a group of America's leading business leaders. It said that with an additional commitment of $76 million in further fundraising over the next 12 months in place, MLC plans to deploy more than $120 million to launch the country's first-ever professional T20 league.
South Korea was once again the only country with an average connection speed of over 20 Mbps.
Let's have a look at countries that enjoy high broadband speed and see where India ranks.
50 million people are not connected to the cyber world in the US.
While Internet speed in the country continue to grow, India's global rank for average connection speed stands only at 97 (of 226 countries) at 895 kbps.
The fastest broadband city in the world is Masan in South Korea, according to an analysis.
India, says Akamai's State of the Internet report, has an average internet connection speed of just 772 Kbps compared with the global average of 1.5 Mbps. India ranks 93rd globally for broadband adoption (with 3.74 per cent connections at speeds over 2 Mbps) and is positioned at 55th globally for narrowband adoption (with 25.8 per cent of connections at speeds below 256 Kbps).
75 per cent of new Internet users will come from rural areas
The push to connect India and drive a national fibre optic network, first approved by the last government in 2011, has made slow progress
Infotech will see a mixed appraisal season.
The Chinese billionaire and founder of Alibaba is said to be planning a significant investment in business to business e-tailing as well as payment services and logistics companies.
With Sundar Pichai becoming the CEO of Google, India has one more reason to cheer its prowess in the global IT sector.
Once a beggar, Renuka Aradhya's company has a turnover of Rs 30 crore and employs 150 people.
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