(Reuters) - Network equipment maker Cisco Systems Inc said on Thursday its plan to slash 6,000 jobs will result in restructuring charges of $700 million in cash in the year ending July 2015.
The latest round of layoffs, announced on Wednesday, is at least the fourth workforce reduction in about as many years for a company once synonymous with the Internet boom and could spark a shakeup in management, analysts said.
Shares in Cisco, still the world's largest networking equipment maker, were down 2.7 percent at $24.52 on the Nasdaq.
WASHINGTON (Reuters) - U.S. regulators' new "net neutrality" rules should classify Internet providers more like public utilities to prevent them from potentially slowing users' access to some Web content, the New York Times said in an editorial in Thursday's newspaper.
The statement comes as the Federal Communications Commission is preparing to set the new rules, which would regulate how Internet service providers, or ISPs, manage traffic on their networks. In January, a federal court struck down the agency's previous version of those rules.
(Reuters) - Search engine Google Inc and five Asian telecom and communications companies have agreed to invest about $300 million to develop and operate a trans-Pacific cable network connecting the United States to Japan.
To be named "FASTER," the cable network will have an initial capacity of 60 terabits per second and will connect Los Angeles, Portland, San Francisco, Oregon and Seattle to Chikura and Shima in Japan.
A global tier 1 Service Provider (SP) was experiencing a common issue: its circuit inventory data was untrustworthy, so it could not rapidly isolate faults and lacked the granular network intelligence to build out capacity, when and where it was needed. The SP had tried the common solution of periodically purchasing costly blanket bandwidth upgrades but still encountered the symptoms.
FRANKFURT (Reuters) - The European Central Bank (ECB) has no plans to end its business relations with U.S. telecoms firm Verizon Communications Inc, ECB President Mario Draghi said in response to a query from a member of the European parliament on Thursday.
The German government said in June it had canceled a contract with Verizon as part of an overhaul of its internal communications, prompted by revelations last year of U.S. government spying.
In the letter to Fabio De Masi, Draghi wrote that the ECB "takes the threat of economic espionage very seriously".
With the introduction of the iPhone in 2007 came the beginning of a global mobile revolution. Since then, mobile computing has transformed every aspect of our lives with smartphones and tablets outselling laptop computers as the primary means of network communication. In fact, this growth will only accelerate in the coming years, as the next wave of mobilization will create even more data from enterprise mobility, wearable computing and the Internet of Things (IoT).
TORONTO (Reuters) - Canada's three biggest telecom firms, keen to keep shareholders happy with fat dividends, are breaking into businesses ranging from banking to healthcare to drive growth as they run out of expansion options and shy away from overseas purchases.
BCE Inc <BCE.TO>, Rogers Communications Inc <RCIb.TO> and Telus Corp <T.TO> dominate their industry in Canada but with landline connections on the wane, cable TV losing out to online portals and wireless growth slowing, Canada's telecom giants are pushing into uncharted businesses.
Delegates at this conference will assess latest developments in the links between broadcasting and the second screen.
They will consider challenges and opportunities as broadcasting and social media integrate in editorial and production processes - as well as the implications of the changing commercial relationships between content producers, distributors and ISPs, particularly for investment, innovation and competition.
San Jose, CA:
This month, 100+ of your telecom colleagues will dive deeper into NFV & SDN - in true Telecom Council style, this is sure to be a very interactive discussion with top-notch networking to help you build your relationships in this segment. In our NFV/SDN meeting, we will look at a number of the best solutions and vendors in the sector, as well as hear from the network operators as to their plans, and what innovations they are seeking from Silicon Valley.
LONDON (Reuters) - Vodafone reported another big quarterly drop in its main revenue measure, as weakness in South Africa and Spain offset stabilization elsewhere in Europe, and said a broader improvement is not expected until later in the year.
The world's second-biggest mobile operator is ramping up spending on new, faster 4G networks to satisfy customers' growing appetite for data.