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Nscale’s IPO comes at a precarious time for AI infra companies

Network & Infra

Nscale’s IPO comes at a precarious time for AI infra companies

UK-domiciled Nscale is reported to be targeting a $30bn valuation after filing for an New York Stock Exchange IPO. But the scale-up’s plans comes as investors reassess appetite for AI infrastructure and concerns around AI safety and sovereignty abound.

tfw207_spain-devices-unit

Operations

Telefónica picks Lenovo exec to drive new Spanish device business

Operator creates hardware division with goal of accelerating sales growth and diversifying product base. Move comes as Group pursues similar ambitions in Brazil, and contrasts with the hardware sector in other key markets where trends have proven trickier to navigate…

orw.2026.09_orange-biolevate

Venturing & Investments

Orange backs startup Biolevate in pharma AI push

Orange Ventures co‑led a Series A funding round for the health‑tech specialist.

tfw207_q2-mgmt-update-overview

Financial & Performance

Telefónica yet to perfect Transform & Grow mix

Q2 FY26 overview: Telefónica completes first half of financial year in strong position, thanks to ongoing strength in its domestic business and Brazilian growth engine. But the operator’s progress remains two-speed and it is adopting extra measures in Germany and UK in a bid to secure a more consistent, broad-based platform for growth.

tfw207_q2-mgmt-update-indepth

Financial & Performance

Brazil and Spain keep ship on course at Telefónica

Q2 FY26 in-depth: Telefónica on track to meet FY26 goals after strong set of Group numbers for quarter, although performance trends remain mixed across markets.

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