Nokia-Siemens Networks is mounting an expansion drive in North America where the world's third-largest telecom equipment maker believes a spate of deal-making among mobile carriers will play out in its favor.
Chief Executive Rajeev Suri said deals by Japan's Softbank (Tokyo, Japan) to buy 70 percent of Sprint Nextel Corp (Overland Park, USA) for $20 billion, and Deutsche Telekom's (Bonn, Germany) purchase of MetroPCS (Richardson, USA) was an opportunity for NSN to grab new U.S. business.
Nokia Siemens Networks has revealed that Samih Elhage will become its new chief financial officer, replacing Marco Shroeter, who is to leave the company “with immediate effect”.
Previously the chief operating officer, Elhage will continue to report to chief executive Rajiv Suri, but the role of chief operating officer is to be “discontinued”.
Accusations by a U.S. computer security company that a secretive Chinese military unit is likely behind a series of hacking attacks are scientifically flawed and hence unreliable, China's Defence Ministry said on Wednesday.
The statement came after the White House said overnight that the Obama administration has repeatedly taken up its concerns about cyber-theft at the highest levels of the Chinese government, including with Chinese military officials.
Australia’s Leighton Holdings Ltd says it has entered into exclusive negotiations with Canada’s Ontario Teachers’ Pension Plan (Teachers’) over the A$619.5 million ($638.4 million) sale of a 70% stake in its telecoms assets, which include Nextgen Networks, Metronode and Infoplex.
The Australian contractor, which is majority owned by Hochtief (Essen, Germany), has been looking to offload various assets to reduce its debts and had claimed in September that several parties were interested in acquiring its telecoms businesses.
Virtual networking company Embrane has won hosting company Peer1 as a customer for its Heleos product, beating out larger vendors such as Cisco Systems Inc and Juniper Networks Inc.
Embrane (Santa Clara, USA) is one of a number of startups in an emerging and rapidly growing technology segment that has become known as software-defined networking (SDN).
SDN products allow businesses to reduce the amount of networking gear in data centers by replacing much of their functionality with software that is centralized in one or more servers.
Cisco Systems Inc's quarterly results topped Wall Street views on Wednesday amid early signs tech spending was on the mend, but CEO John Chambers warned the picture was mixed and parts of Europe remained challenging.
The company's shares were down 1.7 pct in after hours trading after Cisco (San Jose, USA) reported that revenue growth in Europe - which accounts for a quarter of its business - was down 5 percent. Revenue in the Americas was up 9 percent and was 8.3 percent higher in the Asia-Pacific region.
Google Inc and its Motorola Mobility unit struck back on Wednesday against BT Group Plc, filing patent lawsuits against the British telecommunications group more than a year after BT launched its own lawsuit against Google.
BT (London, UK), Britain's dominant fixed-line telecoms group, sued Google (Mountain View, USA) in 2011 over six patents related to mobile technology. But in a lawsuit filed on Wednesday in a California federal court, Google asserted four patents of its own.
The Internet Retailing Expo (IRX) is the UK’s largest trade event for online and multichannel retailers. It has 6 conferences, all free to attend, which cover Internet Retailing In-Store, Operations and Logistics, the Customer Journey, International and Cross-Border, Online Merchandising and Social-Local-Mobile.
Silicon Valley, CA:
Our executive forum gathered last year to discuss the advances in the connected car, and we revealed that the connected car will not be a one-radio solution. There is a drive for a 2G radio in all vehicles for telematics and safety, connectivity to cellphones to extend that personal experience, Wi-Fi as a link to homes and also smart road infrastructure, and for 4G as an option for media and entertainment and as a local hotspot.
Silicon Valley CA:
As the M2M wave rushes on, and the Internet of Things moves towards the vision of 50 billion devices by 2020, governments are incorporating this vision with their planning for smart cities. Smart Cities are places where sensors gather information, and that information is turned into knowledge, and that knowledge is used to improve the efficiency of the city. Costs are lowered, safety improved, conveniences rise.