EDGE and Brazilian Navy Join Forces to Develop Advanced Anti-Drone Systems

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  In a major step toward strengthening maritime security and defense capabilities, EDGE, one of the world's leading advanced technology and defense companies, has announced the signing of a strategic Letter of Intent (LoI) with the Brazilian Navy. This agreement, made through the Navy’s Weapons Systems Directorate, focuses on the joint development of cutting-edge anti-drone systems to counter evolving aerial threats. Strengthening Maritime Defense As drones become increasingly sophisticated and accessible, their potential use in surveillance, reconnaissance, and even offensive operations poses a significant challenge for military forces worldwide. Recognizing this, EDGE and the Brazilian Navy have come together to explore advanced counter-drone technologies tailored for naval applications. With Brazil's extensive coastline and its growing maritime interests, securing naval assets from unmanned aerial threats is a top priority. This collaboration aims to create state-of-the-art ...

UAE's e& completes establishing a joint venture with Bespin Global

 

UAE

The joint venture (JV) between Bespin Global of South Korea and the UAE telecom provider e&, formerly known as Etisalat, has been finalized.

In return for a 10% interest, E& invested $60 million in Bespin Global, the telecommunications provider disclosed in a regulatory filing on Friday with the Abu Dhabi Securities return (ADX).

With effect from May 2023, the JV will be treated as a subsidiary of e&, it was said.

It will offer public cloud services for the Middle East,Turkey, Africa, and Pakistan and be owned by e& enterprise to the tune of 65% and Bespin Global to the tune of 35%.

One of the cloud managed service providers with the quickest rate of growth, Bespin Global has offices in South Korea, China, Japan, Singapore, Vietnam, Indonesia, and the US from where it serves over 1,700 clients.

The purchase fits with the strategic goals of the $57 billion telecoms business to diversify operations and increase its worldwide footprint. It entered into a legally binding deal with Uber Technologies Inc. last month to contribute $400 million in exchange for a controlling interest in Careem's super-app company.

It increased its shareholding to 14% earlier this year, making it the Vodafone Group's largest stakeholder.

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