Core Points - VEON Ltd. has appointed Sebastian Rice as General Counsel, effective January 1, 2026, succeeding Vitaly Shmakov, who will become Chief Investment Officer [1][4] - Anand Ramachandran will continue as Chief Corporate Development Officer with expanded responsibilities in investor relations and value creation, also effective January 1, 2026 [2][4] - Sebastian Rice brings 24 years of experience from Akin Gump Strauss Hauer & Feld LLP, where he held significant leadership roles [2][3] - The leadership changes are part of VEON's strategy to enhance its digital operator transformation and drive growth in frontier markets [4] Company Overview - VEON is a digital operator serving over 150 million connectivity customers and approximately 120 million monthly active digital users [5] - The company operates in five countries, representing more than 6% of the global population, and is headquartered in Dubai [5] - VEON is listed on Nasdaq and aims to empower individuals and drive economic growth through technology-driven services [5]

Core Viewpoint - Shares of Grab experienced a significant decline of 7.7% despite a strong third-quarter earnings report, indicating investor disappointment after a strong year for the stock [1][5]. Financial Performance - Grab reported a revenue growth of 21.9%, surpassing expectations, while earnings per share (EPS) of $0.01 met expectations and last year's figures [3]. - Adjusted EBITDA increased by 51% to $136 million, reflecting improved profitability and expanding margins [3][4]. - Management raised the lower end of its full-year revenue guidance to a range of $3.38 billion to $3.4 billion, while the upper end remained unchanged [4]. Market Reaction - The sell-off in Grab's stock is puzzling, as it had appreciated approximately 28% prior to the earnings release, and its valuation was considered high at over 8 times sales and over 53 times next year's earnings estimates [5]. - The broader tech sector faced pressure, with investors taking profits across AI stocks, which may have contributed to the decline in Grab's shares [2]. Investment Consideration - Grab's strong cash position, with approximately $5.3 billion in net cash, represents over 23% of its market cap, providing safety and potential for future investments [9]. - The Southeast Asian market shows promising growth prospects, making Grab an interesting option for investors seeking international exposure [7].

Core Insights - A new company, Chao Xun Intelligent Computing (Sanming) Technology Co., Ltd., was established on October 28, with a registered capital of 10 million RMB [1] - The company focuses on digital technology services, internet data services, big data services, data processing and storage support services, and artificial intelligence public data platforms [1] - Shareholders include Chao Xun Communication (603322), Guangzhou Yunshang Hongtu Investment Partnership (Limited Partnership), and Guangzhou Huahui Intelligent Computing Digital Information Technology Co., Ltd. [1]

Core Viewpoint - The establishment of Chao Xun Intelligent Computing (Sanming) Technology Co., Ltd. indicates a growing trend in the digital technology and artificial intelligence sectors in China, with a focus on data services and support [1] Company Summary - Chao Xun Intelligent Computing (Sanming) Technology Co., Ltd. has been recently established with a registered capital of 10 million RMB [1] - The legal representative of the company is Chen Houjian [1] - The company’s business scope includes digital technology services, internet data services, big data services, data processing and storage support services, and an artificial intelligence public data platform [1] - The shareholders of the company include Chao Xun Communication (603322), Guangzhou Yunshang Hongtu Investment Partnership (Limited Partnership), and Guangzhou Huahui Zhichuan Digital Information Technology Co., Ltd. [1]

Core Insights - GoDaddy (GDDY) is set to report its third-quarter 2025 results on October 30, 2025, with projected revenues between $1.22 billion and $1.24 billion, reflecting a 7% growth at the mid-point compared to the same quarter last year [1][9] Revenue Expectations - The Zacks Consensus Estimate for third-quarter revenues stands at $1.23 billion, indicating a year-over-year increase of 7.27% [2] - GoDaddy anticipates Applications & Commerce (A&C) revenue growth in the mid-teens, with A&C revenues estimated at $484 million, representing a 14.4% year-over-year rise [4] - Core platform revenues are expected to reach $747 million, suggesting a 3% year-over-year growth [4] Earnings Projections - The consensus estimate for earnings is $1.50 per share, which has increased by one cent over the past 30 days, indicating a growth of 13.64% from the previous year's figure [2] - GoDaddy's earnings have beaten the Zacks Consensus Estimate in two of the last four quarters, with an average surprise of 0.54% [2] Growth Drivers - GoDaddy is expected to benefit from the growing adoption of its high-margin solutions for the Commerce end-market, particularly the newly launched Rate Saver feature, which reduces credit card surcharging costs for merchants by over 50% [5][9] - The GoDaddy Airo and Ask Airo tools are gaining traction, leading to improved attachment rates, term lengths, and renewals [6] Challenges - The company faces challenges such as macroeconomic uncertainties, increased competition in the digital services market, and rising operational costs [6] Earnings ESP and Ranking - GoDaddy currently has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold), indicating that the odds of an earnings beat are not favorable [7]

Financial Data and Key Metrics Changes - The special resolution approving the arrangement between TELUS Digital and TELUS Corporation has passed with approximately 98% of eligible votes represented at the meeting [2][12] - The arrangement resolution requires at least two-thirds of the votes cast by holders of subordinate and multiple voting shares, along with a simple majority from subordinate voting shares, excluding certain votes [8][9] Business Line Data and Key Metrics Changes - The meeting focused on the arrangement involving TELUS Digital, which will see TELUS Corporation acquire all outstanding shares of TELUS Digital that it does not already own [7][9] Market Data and Key Metrics Changes - No specific market data or key metrics were discussed during the meeting [11] Company Strategy and Development Direction - TELUS International aims to continue as a trusted provider of digital customer experience solutions and AI innovations as part of TELUS Corporation [13] - The management expressed confidence in future prospects and a commitment to delivering exceptional value for customers, team members, and communities [13] Management's Comments on Operating Environment and Future Outlook - Management expressed gratitude to shareholders for their support and emphasized the importance of trust throughout their journey as a public company [13] - The company is excited about the opportunities ahead and plans to build on its strong foundation to drive continued innovation and growth [13] Other Important Information - The official results of the meeting will be available on the company's investor relations website and other platforms following the meeting [12] Q&A Session Summary Question: Are there any questions or comments regarding the motion? - There were no questions or comments addressed during the meeting [11]

Financial Data and Key Metrics Changes - Revenue for Q2 2025-2026 was INR 10,533 million, an increase of 3% compared to the same quarter last year [9] - EBITDA was INR 2,361 million, reflecting a 20% increase year-over-year [9] - Loss before tax was INR 194 million, and loss after tax was INR 275 million [9] - Capital expenditure during the quarter was INR 3,064 million, with a cash balance of INR 4,149 million at the end of the quarter [9] Business Line Data and Key Metrics Changes - Revenue split for the quarter: network services 41%, data center services 39%, and digital services 20% [8] - The data center business sold an additional 3 megawatts of capacity during the quarter [9] - The network services business grew by 16%, while data center services grew by 25%, and digital services experienced a decline of 30-35% [38] Market Data and Key Metrics Changes - Sify Technologies operates 1,196 fiber nodes across India, a 12% increase from the same quarter last year [9] - The company has deployed 9,992 contracted SD-WAN service points across the country [9] Company Strategy and Development Direction - The company is focused on aligning with India's digital transformation, emphasizing investments in hyperscale data centers, network expansion, and AI-ready platforms [6] - Sify Technologies aims to empower AI-led transformation and partner with innovative enterprises [10] - The company is also planning to build 10 to 12 edge data centers in tier two and tier three cities [18] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of fiscal discipline while strategically investing for long-term growth [8] - The company is optimistic about the future, expecting to see improvements in margins and growth in the network services segment [33][34] - Management acknowledged the challenges in the digital services segment but emphasized ongoing investments to remain relevant in the market [35][36] Other Important Information - The company is preparing for the IPO of Sify Infinite Spaces, which is seen as a way to access capital for growth in the data center colocation industry [20] - The company retains a substantial percentage of ownership in Sify Infinite Spaces, with exact figures to be determined post-IPO [21] Q&A Session Summary Question: Financial returns from the 3 MW deal and cost of capital - The project IRRs for the data center business have historically yielded returns above 20% [13] Question: Sales pipeline and competitive environment - The company is ready to expand and is well-positioned in the market despite competition [16] Question: Edge data center opportunities - Sify is building edge data centers and plans to expand into tier two and tier three cities [18] Question: Rationale for Sify Infinite Spaces IPO - The IPO is aimed at accessing capital to meet strong demand in the data center industry [20] Question: Ownership structure post-IPO - Sify will retain a substantial percentage of ownership in Sify Infinite Spaces [21] Question: Network services margin trends - The recent improvement in margins is expected to continue, with a target of returning to 20%+ margins [33][34] Question: Digital services segment performance - The decline in digital services is attributed to a shift in IT consumption models and ongoing investments for future relevance [35][36] Question: Impact of digital services losses on overall results - Losses in digital services have negatively impacted overall results, but the company is focused on reducing these losses [41][43] Question: Opportunities for existing shareholders in the IPO - The company has not yet considered specific opportunities for existing shareholders to participate in the IPO [46]

Core Insights - Reliance Industries Limited (RIL) has announced a joint venture with Facebook Overseas, Inc. to form Reliance Enterprise Intelligence Limited (REIL), focusing on enterprise AI services [1][6] - Reliance Intelligence will hold a 70% stake in REIL, while Facebook will own 30%, with an initial investment of approximately ₹855 crore [2][3] Joint Venture Details - REIL was incorporated on October 24, 2025, as a wholly owned subsidiary of Reliance Intelligence, with an initial capital subscription of ₹2 crore for 20,00,000 equity shares [3][4] - The transaction is not classified as a related party transaction, and no governmental approvals were required for its incorporation [4][5] Strategic Implications - The partnership aims to enhance enterprise technology capabilities and explore AI-based solutions for businesses, highlighting the growing significance of AI in enterprise solutions [6] - This move positions both companies strategically in the emerging field of artificial intelligence [6] Financial Performance - RIL reported a 14.3% year-on-year increase in consolidated net profit to ₹22,092 crore for the quarter ending September 30, 2025, driven by strong performances in various sectors [7] - Consolidated revenue rose 10% year-on-year to ₹2,83,548 crore, with quarterly consolidated EBITDA growing 14.6% to ₹50,367 crore, supported by higher throughput in the Oil-to-Chemicals segment and strong consumer demand [8][9]

Core Viewpoint - VEON Ltd. is set to release its third quarter and nine-month financial results for 2025 on November 10, 2025, at 9:00 GST (0:00 EST) [2] Financial Results Announcement - The earnings update will cover consolidated financial and operating results for the period ending September 30, 2025 [2] - A conference call with senior management will take place on the same day at 16:00 GST (7:00 EST) [2] Conference Call Details - Registration for the results conference call can be done via a provided link, and participants will receive a confirmation email with access details [3] - The conference call will also be available via a livestream on YouTube, allowing real-time participation without registration [5] Q&A Session - Shareholders can submit and upvote questions for management through a platform starting October 31, 2025, until the Friday before the conference call [8] - The Q&A session will allow for direct engagement with VEON management, enhancing shareholder interaction [7] Company Overview - VEON is a digital operator serving nearly 160 million customers across six countries, contributing to over 7% of the global population [10] - The company focuses on technology-driven services that empower individuals and stimulate economic growth [10]

Core Viewpoint - TELUS Digital shareholders are encouraged to vote in favor of the proposed arrangement with TELUS Corporation, which has received strong endorsements from independent proxy advisory firms, indicating the transaction's attractiveness and fairness to minority shareholders [1][3][4]. Summary by Sections Transaction Details - The proposed arrangement offers a 51.8% premium to the unaffected share price, making it an attractive mixed-consideration offer for TELUS Digital shareholders [3]. - The arrangement requires approval from at least two-thirds (66%) of votes cast by holders of subordinate and multiple voting shares, as well as a simple majority from subordinate voting shareholders, excluding TELUS and its affiliates [8]. Proxy Advisory Support - Institutional Shareholder Services Inc. (ISS) has recommended that TELUS Digital shareholders vote in favor of the arrangement, highlighting the likelihood of no more compelling offers emerging in the near term [2][3]. - The special committee of independent directors unanimously supports the arrangement, asserting it is in the best interests of TELUS Digital and fair to minority shareholders [3][4]. Voting Information - The Special Meeting for shareholders is scheduled for October 27, 2025, and will be conducted virtually [5]. - Shareholders can vote online or via telephone, with detailed instructions provided in the management information circular [7]. Consideration Election - Shareholders can elect to receive either US$4.50 in cash, 0.273 of a common share of TELUS, or a combination of both, with a deadline for election set for October 22, 2025 [14][16]. - Those who do not make a valid election will be deemed to have chosen the combination consideration for their shares [16]. Company Overview - TELUS Digital focuses on creating digital transformations and enhancing customer experiences through a range of integrated capabilities, including AI solutions and customer experience management [17]. - The company emphasizes responsible technology development guided by its Humanity-in-the-Loop principles, aiming to address broader impacts of its work [18].