HELSINKI (Reuters) - Finland's Nokia said on Monday it has gained control of French counterpart Alcatel-Lucent following its 15.6-billion-euro ($17 billion) all-share offer and the two telecom equipment makers would start to combine their operations next week.
The Alcatel acquisition will put Nokia into a stronger position to compete with Sweden's Ericsson and China's Huawei in a market for telecom network gear where limited growth and tough competition are pressuring prices.
Several major Yahoo Inc shareholders are so concerned the company's core Internet business could fall in value that they want it sold as soon as possible.
The shareholders said they would prefer that than wait for Yahoo to go through with its plan to seek a tax-free spin-off of the operation, which includes Yahoo's sports and news sites as well as its popular email service.
Reuters reviewed a letter sent to the Yahoo board by one major shareholder and spoke to people with knowledge of the views of others with significant stakes.
LAS VEGAS--(BUSINESS WIRE)--Today at CES 2016, Huawei announced strong business results and rapid year-over-year growth for Consumer Business Group (CBG). Huawei’s revenue exceeded $20 billion USD in 2015, nearly a 70 percent increase from 2014. Additionally, Huawei shipped 108 million smartphones in 2015 – a 44 percent increase from the previous year – becoming the leading Chinese smartphone manufacturer to top the 108 million milestone.
Huawei experiences growth in global markets while becoming the top smartphone brand in China
BEIJING (Reuters) - Technology companies have nothing to fear from China's new anti-terrorism law which aims to prevent and probe terror activities and does not affect their copyright, China's Foreign Ministry said on Wednesday, rebuffing U.S. criticism as unwarranted.
The draft anti-terrorism law has caused concern in Western capitals as it could require technology firms to install "back doors" in products or to hand over sensitive information such as encryption keys to the government.
OXFORD, England (Reuters) - A top cyber security researcher has warned German banks that their retail payment systems have security flaws that could allow fraudsters to steal payment card PIN codes, create fake cards or siphon funds from customer or merchant accounts.
Karsten Nohl, who is credited with revealing major security threats in mobile phones, automobiles, security cards and thumb-sized USB drives, told Reuters he has found critical weaknesses in software that runs retail point-of-sale terminals in Germany.
LONDON (Reuters) - Apple has warned that a British plan to give intelligence agencies extra online surveillance powers could weaken the security of personal data for millions of people and paralyze the tech sector.
Britain unveiled proposals for new online powers last month that it said were needed to keep the country safe from criminals, fraudsters and militants, including the right to find out which websites people visit.
BOSTON (Reuters) - Networking equipment maker Cisco Systems Inc said on Monday it has launched a product review to look for tampering after rival Juniper Networks Inc's disclosure found code in firewall software that made it vulnerable to cyber attacks.
Juniper warned customers on Thursday that it had uncovered "unauthorized code" in its firewall software, saying it could be exploited to allow an attacker to unscramble encrypted communications that travel through the security devices.
M/C Partners is a Boston-based communications-focused private equity firm, originally the media/communications arm of TA Associates and spun out in the mid-80s. The firm was an early investor in Western Wireless, Nextel, and a host of smaller wireless companies across the country. Its most recent big wireless deal helped to fund the initial build out of MetroPCS in 2001-2002.
STOCKHOLM (Reuters) - Net Insight's new invention that enables synchronized live broadcasts on TV, tablets and smartphones could double its total addressable market in 1-2 years and should have a healthy impact on profit margins, its chief executive told Reuters.
The Internet often has a lag of a minute or more compared to traditional TV, causing particular headaches for broadcasters of live events such as sports, which Net Insight promises to help its customers do away with.
BRUSSELS (Reuters) - Implementing the biggest shake-up to Europe's fragmented data protection laws in two decades may fail to provide companies with the consistency and simplicity that had been promised across the 28-nation bloc.
A patchwork of privacy laws in the European Union, dating back to 1995 when the internet was in its infancy, was criticised for lacking teeth and being interpreted differently across the EU.
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