Digital Technologies to add more than $1 trillion to global economic output by 2020

The increased use of digital technologies could add $1.36 trillion to total global economic output in 2020, according to a recent study by Accenture and Oxford Economics. This may be only a fraction of a percent of the total global gross world product (currently sized at about $87 trillion), but it’s a substantial contribution to growth. To put it in perspective, moving forward full-force with digital would add an economy the size of South Korea to the global market (current GDP at $1.3 trillion).

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NTT Communications to Acquire 86.7% Stake in e-shelter

Will become EU’s 3rd largest data center operator by leveraging strong European presence of Germany’s top data center operator

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Softbank Quarterly Profit Up Despite Sprint Woes

Softbank's quarterly profit nearly tripled as gains from the IPO of Chinese e-commerce company Alibaba offset losses at U.S. mobile carrier Sprint.

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AT&T to Buy Iusacell for $1.8 Billion in Mexico Expansion Plan

AT&T is buying Mexican wireless company Iusacell for $1.8 billion (roughly Rs. 11,000 crores) and plans to grow in Mexico.

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Infosys net profit falls by 1%

Infosys' revenue rose moderately in the June quarter, but at the cost of profit, which took a hit partially on account of salary increases. Net profit for the quarter declined by 1% to $482 million and by 3.5% in rupee terms to Rs 2,886 crore over the preceding quarter. Revenue rose to $2.1 billion, a 2% increase over the previous quarter and 7.1% increase from the year ago period.

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