Press Release

Belden Inc. (NYSE: BDC) (“Belden” or the “Company”), a leading global supplier of specialty networking solutions, today announced it has entered into a definitive agreement to acquire RUCKUS Networks (“RUCKUS”), a global provider of intelligent network solutions, from Vistance Networks (Nasdaq: VISN) (“Vistance”) for approximately $1.85 billion. The acquisition establishes Belden as a leading provider of complete, end-to-end IT/OT networking solutions.

RUCKUS is a leading provider of enterprise networking solutions delivering purpose-built connectivity for high-density, mission-critical environments, serving more than 48,000 customers globally. RUCKUS offers an integrated portfolio of Wi-Fi, enterprise switching and an AI-driven cloud networking platform that enables organizations to optimize performance, simplify operations and securely connect users and devices. RUCKUS is known for its differentiated technology, strong channel ecosystem and focus on reliability and user experience at scale.

“The addition of RUCKUS brings a leading provider of purpose-driven enterprise networks to Belden and accelerates our transformation into a full-stack networking solutions provider,” said Ashish Chand, President and CEO of Belden. “RUCKUS offers proven, differentiated Wi-Fi and enterprise switching technology that our customers in hospitality, education and healthcare are actively demanding, allowing us to deliver a more complete, end-to-end networking solution. Equally important, these same capabilities create a powerful opportunity to bring high-performance wireless and switching to our industrial customers, who are increasingly looking to converge their IT and OT environments. Together, Belden and RUCKUS will deliver a broader, higher-value networking solution for customers across enterprise and industrial environments, while strengthening our financial profile, generating strong free cash flow that supports rapid de-levering, and creating meaningful long-term value for stockholders.”

Compelling Strategic and Financial Opportunities:

• Significant Growth Catalyst: Adds industry-leading Wi-Fi and enterprise switching capabilities that directly strengthen the Company’s solutions offering across core enterprise growth verticals, including hospitality, education and healthcare.

• Expands Total Addressable Market: RUCKUS adds Wi-Fi and enterprise switching technology, product categories Belden does not currently offer, to markets where Belden already operates, meaningfully expanding the combined organization’s addressable opportunity. The combination positions Belden to deliver a more complete, higher-value active networking solution spanning enterprise campuses, high-density public venues and industrial facilities.

• Capitalizes on Industrial Opportunity: RUCKUS’ proven high-performance networking platform creates a compelling opportunity to extend best-in-class wireless and switching into Belden’s industrial customer base, where demand for converged IT and OT connectivity is accelerating.

• Delivers Compelling Financial Profile: RUCKUS’ high-margin profile is expected to drive accretion to Belden’s gross margins, Adjusted EBITDA margins, and Adjusted Earnings Per Share, representing a meaningful enhancement in Belden’s financial profile.

• Clear Path to Rapid De-levering: Combined with Belden’s strong free cash flow generation and RUCKUS’ high cash conversion, the Company expects to reduce net leverage to below 3.0x within the first full year following close, and to reach its long-term target of approximately 1.5x by 2029. Belden will prioritize debt paydown while maintaining its commitment to disciplined capital allocation.

At approximately 13x projected 2026 Adjusted EBITDA, the transaction reflects a disciplined and attractive entry point for a high-margin, high-growth asset. RUCKUS brings a high-quality financial profile to the combined company, with high-single-digit revenue growth, gross margins above 60%, and Adjusted EBITDA margins above 20% in the first full year of ownership, each meaningfully above Belden’s current profile. As a result, the transaction is expected to be immediately accretive to Adjusted Earnings Per Share. The acquisition is also expected to serve as a growth accelerator, further advancing Belden’s long-term financial framework.

Transaction Details

The acquisition was approved by both companies’ Boards of Directors and is expected to close in the second half of 2026, subject to customary closing conditions, and the receipt of certain regulatory approvals.

Belden has obtained fully committed debt financing from J.P. Morgan that provides the Company flexibility to optimize its permanent capital structure between signing and closing based on market conditions.

Belden’s disciplined capital allocation and strong free cash flow generation support a clear path to de-levering post-close. With a combined Adjusted EBITDA base of approximately $650 million and RUCKUS’ high free cash flow conversion, Belden expects net leverage (a non-GAAP measure) to decline below 3.0x within the first full year after close, and to reach its long-term target of approximately 1.5x by 2029. Consistent with this priority, Belden intends to temporarily pause share repurchases until leverage returns closer to our long-term target.

Hyperscale data centre platform AirTrunk has announced plans to invest about US$3 billion to develop two new data centres in Malaysia, to be called JHB3 and JHB4.

Located in Iskandar Puteri in Johor, JHB3 and JHB4 will have a combined capacity of more than 280 megawatts (MW) of IT load and will be located close to the company’s existing JHB1 campus, opened in 2024 and planned JHB2 campus.

Between the four campuses in Malaysia, AirTrunk will have more than 700MW of IT load, bringing AirTrunk’s total committed investment in Malaysia to approximately US$6.8 billion.

These campuses will be purpose-built to support high-density cloud and AI workloads, featuring a flexible, scalable and resilient design. The designs prioritise energy efficiency, operating at significantly lower power usage levels than conventional data centres. The campuses will also include advanced cooling systems that utilise 100% recycled water, minimising any impact on local resources.

AirTrunk’s current expansion follows its announcement of JHB2 campus in early 2025, which has already garnered strong commitments from its existing global cloud and AI customers. The existing JHB1 and JHB2 campuses (totalling more than 420MW of IT load) are almost 100% contracted and tracking well ahead of investment plans. AirTrunk is planning further expansion in Malaysia post JHB3 and JHB4.

This expansion follows AirTrunk’s recent announcement of its entry into India, supported by its planned investment of more than US$5 billion into the Indian market in the near term.

The development of JHB3 and JHB4 is expected to generate significant economic benefits for Johor and Malaysia, including creating more than 3,000 jobs during construction, ongoing employment to local talent once operational, and partnerships with local suppliers and contractors to support regional industry.

News

We caught up with Amol Gadre, Founder and CEO of Sarathi Softech, to discuss why flexibility is an integral feature of the company’s AI-enabled telco billing platform, EarnBill,  and how it is helping telecom operators and MVNOs stay ahead in an increasingly complex market.

From 5G and the IoT, to AI and personalised services, each year the telecoms sector continues to grow more complex. This offers a huge challenge for telco billing systems, particularly for those largescale telcos with slow-moving legacy systems that can act as bottlenecks for innovation.

For Gadre, these limitations were front-of-mind when developing Sarathi’s EarnBill platform, a core billing engine focussed on fast implantation and flexibility. Backed by over 13 years of Enterprise jBilling partnership and more than $2 billion in processed billing and payments, EarnBill has been built and battle-tested for precisely this moment.

“The big legacy systems for Tier 1 telcos mean implementations can be multi-year,” Gadre said. “We try to cut such implementation times by as much as half through our own agility.”

This agility is not just a matter of project management and efficiency in deployment. As the market moves towards increasingly complex data models and products, the billing system must be as flexible as the network itself.

“Take the data bank offering in Australia, for example, where unused monthly data allowance is ‘banked’ for use in later months,” said Gadre. “These kinds of offers are gaining popularity because they give customers a lot of flexibility. However, introducing innovative offerings like this requires a backend that is quickly customisable”.

Of course, building a billing system with this level of flexibility is no easy task, particularly given legacy constraints. EarnBill, however, benefits from the fact that it did not originate in the telco sphere, but rather enterprise billing through the jBilling platform. This gives it a level of flexibility not typically seen in more specialised telco billing systems.

“EarnBill is a ‘no assumptions made’ core billing engine,” explained Gadre, noting it can be applied to various domains, from mobile virtual network operators (MVNOs) to software-as-a-service (SaaS) providers. “It’s not a platform that we have inherited from an existing telco system. Instead, it was built from the ground up to meet the needs of various domains including telcos, SaaS, IoT and IaaS amongst others.”

“Telcos are offering innovative plans in a competitive market. It’s EarnBill’s job to ensure they can come up with innovative offerings in a short amount of time,” he added.

Leveraging AI to plug leaking revenue

Naturally, AI plays a key role in EarnBill’s ongoing evolution in the telco sector. Robotic Process Automation (RPA) has long been a core feature of efficient and autonomous billing systems, allowing them to handle complex operational workflows  with limited human intervention.

The recent development of agentic AI is showing a lot of promise of making this automation more intelligent. The autonomous AI agents can analyse data, make decisions, and execute tasks across workflows with minimal human intervention – this development marks a significant shift towards a more fluid and intelligent model. Specialised AI agents can dynamically review tariffs, suggest dispute resolution options in real time, and help personalise charges based on individual usage patterns and context, providing the much-needed agility.

“AI has sped up this automation process, with agentic AI taking over certain aspects of daily operations,” said Gadre. “Today, these processes are somewhere in the middle, where you have part automation, part human handling. We will see more and more of these processes handed over to AI agents as the technology matures. EarnBill would help operators make this transition.”

With telco complexity growing rapidly, stemming revenue leakage is emerging as a key initial target for these agents.

“We’re using automation to report billing errors in real time,” he said, emphasising that this not only saved telcos money but ultimately improved the end customer’s experience.

From services to full stack BSS

Ultimately, Gadre’s goal is for Sarathi to leverage AI to move up the value chain and begin offering a full stack BSS solution for telco customers.

Crucially, Gadre emphasizes that this platform must remain service oriented. In an industry where vendors often force operators to change their business processes to fit the software, EarnBill intends to remain the inverse.

“We don’t want to make our clients learn our platform and use it in a way where they need to change how their business operates,” Gadre concludes. “We have a very flexible system and a platform that is still evolving to cater to their needs as seamlessly as possible.”

For telcos looking to innovate and differentiate themselves from their competition, flexible, intelligent billing will only grow in importance.

Sarathi Softech is a Pune-based billing and revenue management specialist with over 15 years of deep expertise in Enterprise jBilling. 

  →  Visit earnbill.com/contact-us/

A bit of M&A, a colo expansion, and two bits of FTTx expansion news: … [visit site to read more]

Malaysian telco U Mobile has partnered with Pavilion Real Estate Investment Trust (REIT) to enable seamless 5G-Advanced indoor coverage in high-traffic commercial and lifestyle locations in Kuala Lumpur.

Under the partnership deal announced on Tuesday, U Mobile will deploy and manage its 5G-A in-building coverage (IBC) system in Pavilion Kuala Lumpur, Pavilion Hotel Kuala Lumpur, Pavilion Tower, Pavilion Elite, Banyan Tree Kuala Lumpur, Intermark Mall and Pavilion Bukit Jalil, which rank as some of KL’s busiest retail, commercial and hospitality spaces.

U Mobile said the IBC solution – which will complements the broader 5G infrastructure within the properties – will improve network performance and provide reliable indoor connectivity for those properties. For end users, that could translate into smoother digital experiences for things like navigation, payments and real-time services throughout the buildings.

U Mobile added that the IBC infrastructure in Pavilion REIT properties is designed to support multiple mobile operators.

As part of the project, U Mobile will also collaborate with Pavilion REIT to explore 5G-A use cases to support digitalisation of their building operations, such as security monitoring, smart sensors and parking solutions.

“By enabling more reliable indoor coverage, we are better positioned to support the evolving needs of our tenants, business partners and visitors, while advancing smarter and more responsive building operations,” said Pavilion REIT CEO Phillip Ho in a statement.

U Mobile – which won the rights to become Malaysia’s second 5G operator in November 2024 – has made indoor coverage a cornerstone of its 5G strategy since launching its Ultra5G service in August 2025.

To that end, U Mobile has signed on Edotco, EdgePoint Infrastructure and OCK Telco Infra (a subsidiary of Malaysian telecoms network solutions provider and regional towerco OCK Group) as preferred 5G IBC partners.

“[We] believe in prioritising deep in-building coverage to ensure that customers experience seamless, high-performance connectivity wherever they are whether indoors or outdoors,” said U Mobile CTO Woon Ooi Yuen. “This allows us to support not just everyday usage, but also more advanced, business-critical applications that require consistency, reliability and scale.”

News

The European Commission accused Meta of “failing to diligently identify, assess and mitigate the risks of minors under 13 years old accessing their services”

The European Commission has released its preliminary findings into whether Meta had breached the Digital Services Act (DSA), claiming the company had failed the adequately prevent under-13s from accessing its Instagram and Facebook platforms.

In a press release, the Commission said that Meta’s measures to prevent access by minors “do not seem to be effective”.

“Despite Meta’s own terms and conditions setting the minimum age to access Instagram and Facebook safely at 13, the measures put in place by the company to enforce these restrictions do not seem to be effective,” said the statement. “The measures do not adequately prevent minors under the age of 13 from accessing their services nor promptly identify and remove them, if they already gained access.”

It further stated that there are “no effective controls in place to check the correctness of the self-declared date of birth” and that Meta’s tools for reporting minors on the platform were “difficult to use and not effective”.

The first launched its investigation into company in 2024 following the implementation of the DSA, a broad legal framework covering how online platforms handle content and manage risks to customers online.

If the Commission’s preliminary findings are confirmed, Meta could face a fine of up to 6% of its total worldwide annual turnover.

Meta’s turnover in 2025 was roughly $201 billion, suggesting a fine could be in the region of $12.6 billion.

“Meta’s own general conditions indicate their services are not intended for minors under 13. Yet, our preliminary findings show that Instagram and Facebook are doing very little to prevent children below this age from accessing their services,” said Henna Virkkunen, the European Commission’s Executive Vice-President for Tech Sovereignty, Security and Democracy. “The DSA requires platforms to enforce their own rules: terms and conditions should not be mere written statements, but rather the basis for concrete action to protect users – including children.”

In a statement to the New York Times, Meta said it disagreed with the findings, claiming its methods of preventing access by under-13s were effective. It nonetheless says that it is rolling out additional measures “soon”, adding that “understanding age is an industry-wide challenge”.

Also in the news
Connected Britain Award winners 2025 announced!
Netomnia announces ‘powerful and ambitious’ rebrand ahead of Connected Britain
VodafoneThree drops Samsung, relies on Nokia and Ericsson for £2bn network upgrade

Press Release

• Safe Email: providing 24/7 proactive scam protection for email inboxes, scanning and flagging suspicious messages so customers know if something is a scam before they even open it.
• Safe SMS: using advanced AI to detect sophisticated scams in text messages, giving customers real-time protection and peace of mind every time they check their messages.
• Safe Web: harnessing AI to protect customers from scams while shopping or browsing online, blocking malicious sites before they cause harm.

Scam Assistant and Call Labelling: real-time analysis across every channel

New Scam Guard also introduces Scam Assistant, a tool that allows customers to upload screenshots of texts, emails, websites, social media messages or even QR codes to receive instant advice on whether they are safe. Alongside this, Call Labelling delivers automatic, network-level screening of every incoming call, giving customers the information they need before they pick up.

Monitoring, security and password management: complete digital protection

Social Media Monitoring and Dark Web Monitoring watch for suspicious activity across a customer’s online footprint, sending quick notifications so they can take action without delay. Mobile Device Security provides real-time protection against ransomware, viruses and other online threats, automatically blocking dangerous attachments before they can cause damage. Additionally, Password Manager creates, stores and auto-fills strong, secure passwords, removing one of the most common vulnerabilities in personal online security.

Malcolm Cubitt, Director of Product, Mobile, EE, said: “Fraud in the UK is at a record high, with AI making scams more convincing and harder to detect. As these threats evolve, we continue to adapt as the UK’s best network—constantly seeking new and innovative ways to protect and support our customers. This includes leading industry alliances, investing in network-level controls, and employing a dedicated team of security experts. And now with our newly enhanced Scam Guard service, we’re providing customers with an even greater level of cyber security protection.”

EE is committed to helping customers enjoy the benefits of the digital world with confidence through practical protections like Scam Guard. This is underpinned by BT Group’s purpose to connect for good and its wider work to help people with the digital skills, tools and support they need to connect, stay safe and succeed.

EE Scam Guard forms part of a number of cyber security solutions offered to BT Group, which collectively over the last 12 months (Jan-Dec 2025) saw:

• Blocked 1.6 billion attempts to access malicious domains
• Stopped 200 million scam SMS messages
• Blocked 61 million scam calls
• Flagged a further 175 million nuisance and fraud calls to keep customers protected

The new Scam Guard is now available to all EE pay monthly mobile customers and will be available to purchase as an add on.

Also in the news
Connected Britain Award winners 2025 announced!
Netomnia announces ‘powerful and ambitious’ rebrand ahead of Connected Britain
VodafoneThree drops Samsung, relies on Nokia and Ericsson for £2bn network upgrade

Digicel PNG has reportedly signed an agreement with Papua New Guinea’s National Information and Communications Technology Authority (NICTA) to deploy 4G services to rural communities around the country.

According to a report in Papua New Guinea newspaper The National on Tuesday, Digicel PNG will roll out 4G infrastructure in underserved and rural areas including parts of Oro, Gulf, Morobe, Bougainville and Southern Highlands.

The NICTA agreement was awarded via the National Procurement Commission Board as part of the government’s commitment to bridge Papua New Guinea’s digital divide and enable access to digital services, including education, healthcare and financial services, the report said.

“When people and communities are connected, they gain access to digital services needed for education, healthcare, financial services, and economic participation,” Digicel PNG acting CEO Abdallah Nassar was quoted as saying.

Nassar also said the agreement highlighted the benefits of public-private sector collaboration to advance the country’s digital transformation, the report added.