IBM Names Head of New IT Infrastructure Services Company

FILE PHOTO: The IBM logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo
FILE PHOTO: The IBM logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo
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IBM Names Head of New IT Infrastructure Services Company

FILE PHOTO: The IBM logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo
FILE PHOTO: The IBM logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo

IBM Corp on Thursday named former financial chief Martin Schroeter to head its new IT infrastructure services unit when it becomes public, as the 109-year old company shifts gears to focus on its high-margin cloud business.

IBM will list its unit, which provides technical support for 4,600 clients in 115 countries, as a separate company with a new name by the end of 2021.

The world's first big computing firm has set its sights on the so-called hybrid cloud, where it sees a $1 trillion market opportunity as more companies use a combination of their own datacenters and leased computing resources to manage and process data.

An IBM veteran, Schroeter was chief financial officer from 2014 to 2017 and also served as senior vice president of global markets, before leaving the company in June 2020.

Schroeter will assume the new role on Jan. 15.

IBM's new company, which will have 90,000 employees, will focus on the management and modernization of IT infrastructure across industries.



Amazon Launches Its First Internet Satellites to Compete Against SpaceX's Starlinks 

A United Launch Alliance Atlas V rocket lifts off carrying Amazon's Project Kuiper internet network satellites from the Cape Canaveral Space Force Station in Cape Canaveral, Florida, US, April 28, 2025. (Reuters) 
A United Launch Alliance Atlas V rocket lifts off carrying Amazon's Project Kuiper internet network satellites from the Cape Canaveral Space Force Station in Cape Canaveral, Florida, US, April 28, 2025. (Reuters) 
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Amazon Launches Its First Internet Satellites to Compete Against SpaceX's Starlinks 

A United Launch Alliance Atlas V rocket lifts off carrying Amazon's Project Kuiper internet network satellites from the Cape Canaveral Space Force Station in Cape Canaveral, Florida, US, April 28, 2025. (Reuters) 
A United Launch Alliance Atlas V rocket lifts off carrying Amazon's Project Kuiper internet network satellites from the Cape Canaveral Space Force Station in Cape Canaveral, Florida, US, April 28, 2025. (Reuters) 

Amazon’s first batch of internet satellites rocketed into orbit Monday, the latest entry in the mega constellation market currently dominated by SpaceX's thousands of Starlinks.

The United Launch Alliance's Atlas V rocket carried up 27 of Amazon's Project Kuiper satellites, named after the frigid fringes of our solar system beyond Neptune. Once released in orbit, the satellites will eventually reach an altitude of nearly 400 miles (630 kilometers).

Two test satellites were launched in 2023, also by an Atlas V. Project officials said major upgrades were made to the newest version. The latest satellites also are coated with a mirror film designed to scatter reflected sunlight in an attempt to accommodate astronomers.

Stargazers oppose the fast-growing constellations of low-orbiting satellites, arguing they spoil observations. Others fear more satellite collisions.

Founded by Jeff Bezos, who now runs his own rocket company, Blue Origin, Amazon aims to put more than 3,200 of these satellites into orbit to provide fast, affordable broadband service around the globe.

Elon Musk's SpaceX already has launched more than 8,000 Starlinks since 2019. The company marked its 250th Starlink launch Sunday night. More than 7,000 Starlinks are still in orbit some 300-plus miles (550 kilometers) above Earth.

The European-based OneWeb satellite constellation numbers in the hundreds in an even higher orbit.

Amazon already has purchased dozens of rocket launches from United Launch Alliance and Blue Origin for Project Kuiper, as well as others.

"There are some things you can only learn in flight" despite extensive testing on the ground, said Rajeev Badyal, the project's vice president.

"No matter how the mission unfolds, this is just the start of our journey," he said in a statement ahead of the evening liftoff.

The first liftoff attempt earlier this month was nixed by bad weather. It took until now to secure another spot in the launch lineup at Cape Canaveral Space Force Station.