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Boldyn Networks To Acquire Apogee Telecom

Boldyn Networks (Boldyn), one of the largest shared network infrastructure providers in the US and globally, has agreed to acquire Apogee Telecom (Apogee), the leading provider of on-campus connectivity infrastructure in the US Higher Education industry. This expands Boldyn's footprint and capability in the education sector and contributes to the powerhouse's rapid growth in the US.

Apogee offers wireless residential campus networks for students, faculty, and staff, as well as managed campus network and technology solutions, fiber infrastructure as a service, and video services. It serves more than 350 customers, representing the vast majority of US outsourced on-campus residential infrastructure connectivity.

With students using an average of seven connected devices, plus expanding use of cloud services, AI, AR and VR and gaming, the demand for high speed, low latency connectivity at universities is rapidly growing. This represents a significant growth opportunity as colleges look to provide the highest quality wireless services to their students through outsourcing to a trusted technology partner. As the largest provider of connectivity infrastructure and managed technology services for Higher Education, Apogee facilitates colleges' and universities' ability to operate and excel in today's digital learning environment.

Through this deal Apogee's customers will have access to Boldyn's extended wireless capabilities. Boldyn is already investing billions of dollars to improve connectivity across the country. The combination of the two offerings will bring together Boldyn's full portfolio of small cells, fiber, DAS, macro sites, smart cities, and private networks for larger and scalable wireless infrastructure projects, and the financial backing to support the Higher Education sector's growth.

With this acquisition, Boldyn Networks in the US reinforces its increasingly critical role in improving people's lives with enhanced connectivity in top verticals and in the largest cities in the nation.

Scott Drossos, CEO of Apogee

Apogee has been on a mission to equip colleges and students with the on-campus connectivity they need to adapt to the transforming and competitive demands of tomorrow's workforce. We've been working exclusively in this sector for the past 25 years, where there is a lot of growth potential. We're confident that the combination of Apogee and Boldyn will continue to meet universities' evolving connectivity needs for the next 25 years.

Igor Leprince, Group CEO of Boldyn Networks

US Higher Education connectivity is very attractive for us as the demand for managed connectivity services continues to grow. It is also an attractive expansion into this vertical for Boldyn that complements well our ambitious growth strategy. Apogee comes with a very experienced management team with a strong industry reputation, and endless opportunities to take this model to other regions while offering our full portfolio to customers in Higher Education and helping them to navigate the complex technology evolution and opportunities that come with it. We look forward to working with the Apogee team to accelerate their impressive growth story.

Christos Karmis, Boldyn Networks' US CEO

College students and faculty today have the highest expectations when it comes to always-on, high speed, and low latency wireless connectivity on-campus. Apogee has clearly established itself as the leading provider of connectivity to universities. Boldyn will continue delivering on Apogee's reputation as the partner of choice for this important set of customers. Just as we provide connectivity to the largest cities and venues in the country, we're now bringing Boldyn's global expertise and innovation to one the most relevant sectors in the creation of our interconnected future.

Globe Expands, Upgrades Cell Sites To 4G Technology

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Globe Telecom Inc. Expanded its network in 2023 with 1,217 new cell sites and upgraded 6,975 mobile sites to 4G LTE technology to ensure greater access to life-enabling connectivity nationwide.

Globe said it also advanced its 5G network rollout, activating 894 new 5G sites in 2023 in line with market dynamics to offer improved browsing experience for customers.

The company also deployed over 199,000 fiber-to-the-home (FTTH) lines as it continues to maximize the use of its existing fiber inventory and ensure the delivery of the right product to the underserved prepaid fiber market.

"Our priorities remain consistent and focused on delivering network builds and optimizing network services across all regions and territories to expand and strengthen our coverage across the country. These days, connectivity is life-enabling, and Globe consistently builds up its network to ensure that no one is left behind," said Globe senior vice president and network, planning and engineering head Joel Agustin.

The company said its ongoing efforts to improve its network infrastructure would offer customers enhanced connectivity, paving the way for a more connected and innovative future in the Philippines.

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Globe spent $1.3 billion in capex in 2023 following peak spending during the pandemic, when demand for connectivity surged amid the accelerated digital shift.

About 91 percent was used to boost data infrastructure out of last year's total capex as demand for data connectivity steadily increased.

Globe said it continues to deploy green network solutions in line with its commitment to achieve Net Zero GHG emissions by 2050, apart from its sustained network expansion.

These include using the latest technologies to achieve energy efficiency, use of eco-friendly batteries in core sites and shifting high-energy facilities to renewable energy, it said.

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Microchip Technology To Present At The Morgan Stanley Technology, Media & Telecom Conference

Microchip Technology Inc.

CHANDLER, Ariz., March 04, 2024 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company will present at the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 6, 2024 at 3:35 p.M. (Pacific Time). Presenting for the Company will be Mr. Ganesh Moorthy, President and CEO. A live webcast of the presentation will be made available by Morgan Stanley, and can be accessed on the Microchip website at www.Microchip.Com.

Any forward looking statements made during the presentation are qualified in their entirety by the discussion of risks set forth in the Company's Securities and Exchange Commission filings. Copies of SEC filings can be obtained for free at the SEC's website (www.Sec.Gov) or from commercial document retrieval services.

Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market. The company's solutions serve approximately 125,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.Microchip.Com.

Note: The Microchip name and logo are registered trademarks of Microchip Technology Inc. In the USA and other countries.

INVESTOR RELATIONS CONTACT:Deborah Wussler ……… (480) 792-7373

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