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You’ll Never See The World The Same Way Again
Under a new strategic partnership, Cloudflare (NET -4.6%) will team with JD Cloud & AI (JD -3.2%) to expand NET’s network in China to an additional 150 data centers.
Cloudflare currently has 17 mainland China data centers through an agreement with Baidu, a longstanding partnership that will continue.
Cloudflare is providing its expertise in building out the network, while JD supplies the capital and the infrastructure.
NET expects it to take at least three years for the new data centers to go online.
InterDigital (NASDAQ:IDCC) signs a global multiyear agreement with Huawei that covers certain essential patents.
The non-exclusive, royalty-bearing patent license deal also settles all pending litigation between the companies.
Last December, InterDigital sued Huawei in the UK over standards-essential patents for 3G, 4G, and 5G tech.
Zoom Video (NASDAQ:ZM) is turning to Oracle’s (NYSE:ORCL) cloud to help manage its coronavirus-related demand surge.
The videoconferencing company says that “millions” of meeting participants and about 7M gigabytes of data per day are routing through Oracle.
Zoom’s daily meeting participants have grown from 10M last December to 300M.
Zoom, which began working with Oracle about six weeks ago, previously used a combo of in-house data center gear and cloud services from AWS and Microsoft Azure.
The deal is a major win for Oracle, which has a smaller market share than the dominant AWS and Azure. Oracle recently started selling a new generation of cloud tech to grow its presence.
Oracle shares are up 0.9% pre-market to $53.85.
Accenture Federal Services (NYSE:ACN) receives a task order from the U.S. Department of Veterans Affairs to provide IT and mission service experiences to veterans, employees, and stakeholders.
The $96M contract has a five-year period of performance.
Verizon (NYSE:VZ), AT&T (NYSE:T), Comcast (NASDAQ:CMCSA) and T-Mobile (NASDAQ:TMUS), which agreed in March not to terminate service for subscribers for 60 days, are now lengthening their commitments (with no late fees) through June 30.
In some cases, consumers must notify providers they cannot pay their bills because of the coronavirus pandemic in order to avoid disconnection or late fees.
Other major U.S. internet companies are expected to announce this week they too are extending commitments through June.
