FRANCE > China Eastern to purchase 10 percent stake in Air France KLM for $438 million

China-eastern_logo In a first of its kind investment by a China’s state-owned airlines carrier, China Eastern Airlines Corp Ltd is buying a 10 percent stake in Europe’s Air France KLM SA for 375 million Euro ($438 million) according to Reuters. Delta, which holds a 3.2 percent stake in China Eastern, is also buying a 10 percent stake in Air France KLM. According More …

FRANCE > Swedish Software Supplier Enea has acquired French Software Firm Qosmos

enea Sweden based network software platforms supplier Enea said it has acquired France based Network Intelligence software supplier Qosmos for approximately €52.7M ($54.89M). The transaction is said to be financed through cash and bank loans after approval by the French Ministry of Finance. Currently more than 100 telecom networks worldwide use real-time traffic visibility for mobile traffic management, cyber security, and More …

FRANCE > Amazon To Open A New AWS Region in France

aws_logo Werner Vogles, Chief Technology Officer (CTO) of Amazon.com, announced on September 29, 2016 that Amazon is opening a new Amazon Web Services (AWS) Region in the Paris area of France. This Region is targeted to be operational by early 2017. Region – In “Cloud” language, Region refers to separate geographical area. A Region may have multiple isolated location which is More …