After Bloomberg reported last week that Mitel Networks Corp. was preparing to file for Chapter 11, today the telecommunications company announced has done so, entering into an agreement with its senior lenders to optimize its capital structure and recapitalize its debt. In 2018, Searchlight Capital Partners took Mitel private and has been the majority shareholder since then.
As MWC 2025, premier telecommunications service provider show still known by many as Mobile World Congress, gets underway this week in Barcelona, Cisco Systems Inc. made a splash early. The networking company issued several product announcements that offer deeper network insights using artificial intelligence and automation. From connected devices to connectivity assurance, the solutions are designed to help service providers deliver reliable AI-powered experiences on a larger scale.
Cisco Systems Inc. today expanded its partnership with Nvidia Corp. to help enterprises accelerate AI projects by making it easier to deploy a combined solution to modernize their data center in preparation for artificial intelligence. The two companies have been partners for the better part of a decade. This five-year expansion is aimed at bringing flexibility to customers to meet the constantly changing demands that AI brings.
Palo Alto Networks Inc. last week unveiled its newest cloud security offering, Cortex Cloud. The latest iteration of the company’s Prisma Cloud, it’s natively built on Palo Alto’s Cortex AI-enabled security operations platform. In its announcement, Palo Alto described Cortex Cloud as combining Cortex’s “best-in-class cloud detection and response (CDR) with industry-leading cloud native application protection platform (CNAPP) from Prisma Cloud for real-time cloud security.”
Cisco Systems Inc. managed to put up a strong “beat and raise” in its fiscal second-quarter earnings this week, and investors took the news positively as the stock is trading at an all-time high, excluding the overvaluation during the dot-com bubble.