MARKET MOVEMENT
Derq Secures strategic investments from e & capital and AT & T Ventures
Derq , the provider of real-time AIpowered intelligent transportation system , ITS solutions , announced strategic
investments from e & capital ; the venture capital arm of e &, and AT & T Ventures , the venture capital arm of AT & T , one of the largest telecommunications companies in the world .
The investments from e & capital and AT & T Ventures will be used to expand Derq ’ s activities in the US , GCC , and beyond , and accelerate the company ’ s investments in product development and growing its intellectual property , IP portfolio .
Derq ’ s offerings address the immediate safety and efficiency needs of today ’ s roads and lays the groundwork for a safer and more efficient connected transportation ecosystem in the future . By integrating state-of-the-art AI and IoT with connected infrastructure and sensing technologies , Derq ’ s platform provides road owners and operators with critical road safety insights , innovative traffic control capabilities , and advanced connected vehicles applications .
To date , Derq has more than 25 active deployments in 16 states across the United States as well as several international deployments . The U . S . Department of Transportation has announced Derq as a winner of the agency ’ s Intersection Safety Challenge as well as was named Derq among its Allies in Action as Derq joins the country ’ s National Roadway Safety Strategy , NRSS and U . S Secretary of Transportation Pete Buttigieg ’ s call to action to reverse the spike in crashes and traffic-related fatality rates .
“ By backing Derq , we are not only investing in a company at the forefront of intelligent transportation technology but also contributing to the development of innovative solutions that will benefit communities globally ,” said Kushal Shah , Managing Director of e & capital .
“ We are excited to make this strategic investment in Derq , a significant innovator in intelligent transportation solutions . Their solutions are transforming how cities and industries approach mobility , safety and efficiency ,” said Vikram Taneja , Head of AT & T Ventures .
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e & acquires controlling stake in PPF Telecom entering Central and Eastern Europe
e
& and PPF Group , announced the successful completion of their landmark partnership , with e & acquiring a controlling stake , 50 % plus one economic share in the service and infrastructure companies of PPF Telecom Group , across Bulgaria , Hungary , Serbia and Slovakia . This acquisition marks a significant step in e &’ s ongoing global expansion ambitions , diversifying and growing its geographical presence to 38 countries . e &’ s expertise in digital services , AI and IoT will further enhance PPF Telecom ’ s offerings , ensuring a seamless transition and continued access to best-in-class services . Customers will benefit from an expanded portfolio of world-class products and services , including advanced B2B and IoT solutions .
This partnership is also set to bring great value to e & and PPF Telecom ’ s employees and unlock new opportunities for career growth , cross-continental learning , and integration into a global talent network . The new joint entity , e & PPF Telecom , will operate as a standalone entity , retaining its current management team and employee base .
A key differentiator of PPF Telecom is its unique asset separation model in the telecom world . This strategically innovative approach enables greater focus and specialisation , to potential performance
enhancements and value creation in both infrastructure and service areas .
PPF ’ s proven lean management practices combined with e &’ s global scale and resources will be a cornerstone of this partnership ’ s operational strategy to drive significant operational synergies and cost efficiencies . This synergistic approach is set to deliver efficient and high-quality services while maintaining agility in the dynamic telecom market .
Jiří Šmejc , CEO , PPF , said : “ I welcome e & as our partner in the telco business in CEE . Together , we have created a platform to drive value creation in fast-developing telecommunications markets .”
Jiří Šmejc reiterated that PPF ’ s telco assets in the Czech Republic will remain outside of e & PPF Telecom and will be wholly owned by PPF .
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