Markets and policy
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TIM expands sovereign AI infrastructure in Italy
TIM is developing an Italian hosted AI platform combining central cloud infrastructure, distributed edge nodes and NVIDIA computing technology, with controls over data residency and operations.
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Photon Bridge raises €10m for lasers
Dutch photonics company Photon Bridge has raised €10 million to develop scalable laser sources for optical interconnects used in increasingly large AI computing systems.
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Nokia AI infrastructure orders rise sharply
Nokia’s third quarter results show 123% growth in sales to AI and cloud customers, supported by demand for IP and optical networking infrastructure.
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Nebius obtains $3.5bn Citi financing facility
Nebius has secured a $3.5 billion senior secured financing facility from Citi to support data centre construction and GPU procurement during its global infrastructure expansion.
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IREN secures Spanish AI campus licence
IREN has secured a civil works licence and grid-connected power for its planned 300MW AI data centre campus in Badajoz, Spain, with initial operations targeted for 2028.
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Yamna outlines proposed £1bn Salalah data centre
UK-founded Yamna is expected to sign an agreement for an AI data centre in Salalah, Oman. The proposed first phase exceeds £1 billion, but its capacity, financing, power arrangements, and delivery schedule remain unconfirmed.
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Fuse Energy outlines 142MW UK computing pipeline
British energy company Fuse has launched Fuse Compute, offering reservations for UK-hosted NVIDIA GPU infrastructure across a proposed 142MW development pipeline. Its initial deployment is advertised for December 2026.
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European regulators question Google over cloud outage
The European Banking Authority has sought information from Google Cloud after its London outage disrupted financial services. UK parliamentarians are separately questioning regulators about oversight under the Critical Third Parties regime.
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Frankfurt data centres face grid delays into 2030s
Network operator Syna reports approximately 800MW of additional data centre electricity demand in the first half of 2026, with developers around Frankfurt facing potential connection delays into the 2030s.
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CBRE agrees £460m acquisition of Onnec
CBRE has agreed to buy London-based data centre infrastructure services company Onnec for £460 million upfront, plus up to £300 million linked to future growth. Regulatory clearance and completion remain outstanding.