HELSINKI/PARIS (Reuters) - Finnish network equipment maker Nokia reported stronger-than-expected quarterly profits as growth in China offset weaker demand in other key markets, and said it would return money to shareholders after acquiring Alcatel-Lucent.
The company said on Thursday it was on track to complete the proposed 15.6 billion euro ($17 billion) takeover of its French rival in the first quarter of next year after securing regulatory approvals, and also brought forward its 900 million euro cost-saving target for that deal by a year to 2018.
FRANKFURT (Reuters) - A new transatlantic data-sharing agreement is within reach after the "Safe Harbour" deal used by thousands of companies to comply with EU privacy law was struck down by the highest EU court this month, U.S. Secretary of Commerce Penny Pritzker said.
The so-called "Safe Harbour 2.0" agreement currently being negotiated would meet European concerns about the transfer of data to the United States, Pritzker told journalists in Frankfurt on Thursday during a visit to Germany.
MOUNTAIN VIEW, Calif. (Reuters) - Alphabet Inc, the new holding company for Google, has teamed up with three Indonesian telecommunications companies to expand Internet access in that country using solar-powered balloons.
Alphabet officials, including co-founder Sergey Brin, and representatives from Indonesian companies Telkomsel, XL Axiata Tbk PT and Indosat Tbk PT signed an agreement Wednesday to bring so-called Project Loon to the nation of 250 million people.
WASHINGTON (Reuters) - The U.S. Senate easily passed legislation on Tuesday aimed at bolstering the country’s cyber defenses, advancing the first serious attempt in Congress to combat computer hacks that have hit a growing number of businesses and government agencies in recent years.
The industry regards SDN as a simple but powerful concept that will reform data networking. But the idea behind SDN is not brand-new. Twenty-five years ago, telephone networks underwent a similar revolution called "intelligent networks" (IN). Read more...
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STOCKHOLM/FRANKFURT (Reuters) - Slowing demand for new mobile networks in China pushed third quarter sales and profit for Sweden's Ericsson below forecasts and reinforced concerns that another major growth market had passed its peak.
Like-for-like sales at Ericsson, the world's biggest maker of mobile telecoms network equipment, dropped 9 percent in the third quarter, with declines in China and Europe.
(Reuters) - Google parent Alphabet Inc, Microsoft Corp and Amazon.com Inc made headway in the latest quarter in the areas that will be their main engines of growth for years to come, driving up shares across the tech sector on Friday.
Shares of all three surged in early trading, adding more than $120 billion to their combined market value - more than the gross domestic product of Morocco.
For Alphabet, search traffic on mobiles surpassed desktop traffic worldwide for the first time, while Amazon was able to boost margins, an area of concern, as its cloud business boomed.
WASHINGTON (Reuters) - The U.S. Senate on Tuesday began debating a long-delayed bill that would make it easier for corporations to share information about cyber attacks with each other or the government without concern about lawsuits.
Senate Republican Majority Leader Mitch McConnell said the Senate could pass the bill within days. "We intend to pass the cyber security bill," he told reporters, "hopefully by early next week."
WASHINGTON (Reuters) - The U.S. Federal Communications Commission on Friday released opening bid prices for its airwaves auction in a public notice and also set the dates for broadcasters to file applications for the auction.
LONDON (Reuters) - Companies could face action from European privacy regulators if the European Commission and United States do not come up with a new system enabling them to shuffle data across the Atlantic in three months, the regulators said on Friday.
The highest EU court last week struck down a system known as Safe Harbour used by over 4,000 firms to transfer personal data to the United States, leaving companies without alternatives scrambling to put new legal measures in place to ensure everyday business could continue.