Pervasive computing — IoT, edge, cloud, data center, and back
PC maker Dell Technologies is spinning off 81% equity ownership of VMWare to two standalone public companies. VMWare, founded in 1998, provides software to manage networking, apps, and cloud/data center. VMWare will pay a special dividend to its investing, which will generate $9.3 – $9.7 billion for Dell to use toward cutting its debt load. Both companies plan to continue their commercial agreement to work together. The transaction will close in 4th quarter of 2021.
The U.S. telecom company Verizon is launching a business-focused 5G internet service in 21 cities in the United States. Called 5G Business Internet, the service is fixed wireless, offers 100, 200, 400 Mbps plans with no data limits, using Verizon’s 5G Ultra Wideband technology.