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Lead Report / Story

A rising income line sits beside a compressed surplus stack, while a stream of points narrows toward a smaller cash-flow column.
AFRINIC’s audited accounts show three different signals: income edged higher, the surplus before finance items contracted sharply, and cash generated from operations fell further. A currency swing softened the annual decline without reversing it.

AFRINIC’s 2025 surplus fell 65% while income rose

AFRINIC’s audited accounts show three different signals: income edged higher, the surplus before finance items contracted sharply, and cash generated from operations fell further. A currency swing softened the annual decline without reversing it.

  1. A financial statement under a magnifying glass sits beside a separate open case folder, linked by a thin line.

    AFRINIC’s 2025 Audit Opinion Does Not Decide Its Litigation Risk

    AFRINIC’s signed financial statements give members an unmodified opinion on the accounts while drawing particular attention to the directors’ judgment about ongoing legal proceedings. Those two statements answer different questions. Reading them together shows what the audit establishes, what remains a management estimate and what the public record should make possible to follow.

  2. Tomohiro Fujisaki in a head-and-shoulders editorial portrait with a softly focused network engineering workspace behind him.

    Tomohiro Fujisaki and the Address Policy That Reached the Host

    An IPv6 host can have several usable addresses on one link and still choose the wrong source for a packet. The result may be an asymmetric route, an ingress filter that discards the packet, or a reply with no route back. Tomohiro Fujisaki's co-authored work follows that choice from a documented operational problem to requirements and then to a DHCPv6 mechanism for distributing site policy. A separate APNIC record shows the limits of changing allocation rules to accommodate deployment needs.

  3. AI illustration of a coastal cable landing station drawn in wireframe, with a submarine cable and symbolic funding connections above it.

    IPS asks shareholders to back a different way into Osaka

    New shares will help pay for a proposed cable branch and landing station at Wakayama. The attraction is another route to Japan's networks. The unresolved question is how the construction bill will be shared.

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BTW Media on Air

Selected briefings, interviews, and live sessions from the BTW intelligence team, focused on internet infrastructure, governance, and market signals.

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Oracle’s 404% Growth: How Big Is the Business?

One Shared S3 Dependency Broke Thousands of Services

The Power Was Back. Why Were Flights Still Disrupted?

Three Backups, One Failure Domain: The OVHcloud Lesson

MEDITECH Kept Customers. Why Did Its Market Share Fall?

The Signal Stayed On. Did Your Data Arrive?

Right ID, Wrong App? The Risk of a Late Reply

MGM’s Cyberattack Didn’t Stay Online

Four Green Lights. Why Is the 3D Person Missing?

Inside iFX EXPO Asia 2026: Trading and Fintech Converge in Hong Kong

Why This Backup Route Had to Stay Hidden

Equifax Had the Patch. Why Did the Breach Last 76 Days?

23andMe: How 14,000 Accounts Exposed Millions

You Clicked Revoke. Why Does Access Still Work?

NVIDIA Agreed to Buy Hugging Face. Will It Stay Open?

AI illustration of an empty reading room with scaffolding, wooden crates, covered flooring and a paper on a glass door.

Market / Companies

The British Library kept its backups. Getting the library back was harder.

The 2023 attack left copies of the digital collections intact but wrecked the systems needed to use them. The recovery record is more revealing than a simple verdict of failure or success.

Adrian Farrel before an abstract network where a luminous computed route fades before a darker device layer.

Market

Adrian Farrel and the Path That Exists Only on the Controller

A positive PCEP reply can put a clean route on an operator's screen before any router has accepted it. Adrian Farrel's PCE architecture matters because it lets us say exactly what has happened—and what has not.

AI illustration of connected chip-like components on a dark board, with a smaller board raised above the centre.

Market / Trends

TSMC's chips still have somewhere to go

A $2 billion agreement for the layer beneath the chips helps explain why making more silicon is not the same as delivering more AI accelerators.

Unordered record capsules enter a sorter that builds authority tiers, selects one lane and blocks movement into lower tiers.

Governance

The First NAPTR in the Packet Was Not the First Rule: RFC 3403

DNS could carry a rule program without carrying its execution order in the order of arrival. RFC 3403 made the client reconstruct authority from the records themselves: `ORDER` came first, and only then could preference or service capability choose a path.

Two versioned event-state panels sit on one public transition line while protected dependency receipts around the perimeter show distinct reconciliation states.

Governance / NOGS

One Meeting, Two Public States: The Transition Record LACNIC 46 Requires

On 27 January 2026, LACNIC said LACNIC 46 / LACNOG 2026 would be relocated from Guatemala and that a replacement location would follow. On 27 March 2026, a trilingual announcements-list message confirmed Mendoza, Argentina, moved the previously announced dates to 19–22 October 2026 and acknowledged possible inconvenience to annual planning. Those notices establish a public cutover; they do not, by themselves, establish whether every participant-facing dependency reached the same state.

Editorial position

Why BTW Media exists

  • Reality over advocacy
  • Evidence over sentiment
  • Systems over noise

Internet governance is too often described as theory, consensus, or institutional comfort while operators live with the consequences of structure, scarcity, jurisdiction, and incentives.

BTW shows how the system works when assumptions are tested: clear, uncomfortable, evidence-led reporting that keeps attention on structure rather than drama. Public reporting is published to travel: it may be indexed, quoted, translated, used in search and AI answers, and used to train models so the evidence can shape how infrastructure questions are understood.

Core Architecture

Governance, market, and membership branches operating in one integrated intelligence model.

Governance

  1. The Recognition Gate: What a Draft RIR Governance Document Actually Hands Out
  2. Craig Partridge and the Gigabit That Did Not Need a New Internet
  3. WebAuthn’s Remote Client Can Validate the RP ID. The Local Permission Cannot Prove It Did
  4. RFC 9797: A Randomized MAC Address Can Reduce Linkability Without Becoming Device Identity
  5. The Key Was Generated in Two Rooms: DNSSEC’s First Root KSK Ceremony, 2010
  6. NULL Was a Negotiated Choice. The Packet Did Not Advertise That Choice
  7. AFRINIC’s 2024 RPKI baseline cannot be rebuilt from its current daily export
  8. The Switch Could Not Decrement TTL. The Ingress Paid the Hop Count Up Front: RFC 3034
  9. Two Duplicate ACKs Could Send New Data, but Not Enlarge the Window: RFC 3042
  10. The Best Route Was Not a Stable Answer: RFC 3345
View Governance

Market

  1. Terry Manderson and the Reverse DNS Split That Needed Operators
  2. FiberCop’s fibre gains still need to earn their way into cash
  3. BT bought continuity before clearance; the costs are still being counted
  4. Vietnam's AI campus has a $2.1bn plan. Its electricity bill is still a question.
  5. Paul Vixie and DNS RRL: A Response Limit, Not an Identity Test
  6. Arctic Way Adds a Cable. Space Norway Still Has to Prove the Switch
  7. Japan’s virtual hyperscaler still has to become a service
  8. PowerCompute’s 11 MW contract firms only 300 kW at peak
  9. Nick McKeown and the Barrier Reply That Never Saw a Packet
  10. Expanse has the speed. A research project still needs its share.
View Market

Membership

  1. RFC 9810: The Certificate Was Granted, but Not as Requested
  2. The Coalition Clause: What the Empowered Community's June–July 2026 Instruments Certified — and Refused
  3. The New Reverse Tree Existed Before the Old One Disappeared: RFC 3152
  4. Why .YU Stayed in the DNS Root Until 2010
  5. The Network Agreed the Root Was Down. It Did Not Prove a Crash: RFC 9866
  6. The First Ping Was Only One Route: Mauritius’s Internet, 1993–96
  7. IDCF’s outage put the recovery control plane in view
  8. The IPv6 Prefix Changed. The Identifier Stayed: RFC 3041
  9. The Route Stopped Flapping. Its Penalty Had Not: RFC 2439
  10. RFC 9707: Being Connected Is Not Access—and a Workshop Report Is Not a Mandate
View Membership

Number Resource Society

Reporting on address stewardship, representation, and the institutions shaping number-resource governance.

View Number Resource Society
  1. The Address Council Describes Its Own Job, and Every Duty Points Upward
  2. A Trust Anchor Rollover Needs an Acceptance Ledger
  3. A Member Logo Is Not a Live Power of Attorney
  4. A Country Field Is Not an RIR Mandate
  5. An ASN Transfer Needs a Routing-Identity Handover Ledger
  6. A ROA Change Needs an Authorization-and-Withdrawal Ledger
  7. An Unanswered Profile Needs a Reply-State Ledger
  8. The FAQ Answer Needs a Version Date
  9. A RIR Representation Mandate Needs a Scope-and-Revocation Ledger
  10. Bayan Telecommunications, AS6648 and the Boundary Between Network Records and Control

RIR Watchdog

Five regional sessions: ARIN, RIPE NCC, APNIC, AFRINIC, and LACNIC.

Network Operator Group (NOGs)

Operational intelligence from the communities where routing, peering, resilience, and deployment practice are tested.

View Network Operator Groups

History of the Internet

Tuvalu Set a July Internet Target. The IP Link Worked by October, 1999

A national deadline and an engineer’s dated network tests mark different stages: the plan targeted July; the international IP path was reported operating by mid-October.

Editorial illustration of a Tuvalu atoll’s satellite dish linked by one luminous route toward New Zealand.

Tuvalu Set a July Internet Target. The IP Link Worked by October, 1999

A national deadline and an engineer’s dated network tests mark different stages: the plan targeted July; the international IP path was reported operating by mid-October.

  1. A Legitimate Packet Can Still Fail the Filter: RFC 3704
  2. BCP Marked the Control Frame. It Had Not Proved the Spanning Tree Safe: RFC 3518
  3. Equal Cost Did Not Make the Paths Interchangeable: RFC 2991 and the Price of Stable Multipath
Open History Session

Leadership Alliance

Remco van Mook and the IPv4 Gateway That Has No IPv4 Neighbour

An IPv4 default gateway normally looks like an address that a host can find with ARP. Remco van Mook's current IETF proposal turns that expectation inside out: `192.0.0.11` is not a neighbour to discover, but an instruction to reuse a neighbour that IPv6 has already discovered. The economy is real. So is the new dependency chain.

Remco van Mook before converging blue and amber light paths, an abstract editorial portrait of IPv4 forwarding that borrows an IPv6 next hop.

Remco van Mook and the IPv4 Gateway That Has No IPv4 Neighbour

An IPv4 default gateway normally looks like an address that a host can find with ARP. Remco van Mook's current IETF proposal turns that expectation inside out: `192.0.0.11` is not a neighbour to discover, but an instruction to reuse a neighbour that IPv6 has already discovered. The economy is real. So is the new dependency chain.

  1. Two Landing Stations, One Operator: What Bangladesh's Submarine Capacity Figures Actually Establish
  2. One Path, Four Algebras, and One Contagious Unknown: RFC 2215
  3. RFC 9019: A Signed Firmware Manifest Is Not Installation Authority
Open Alliance Session