(Reuters) - Cisco Systems Inc's quarterly profit edged past market estimates as demand for new switches, routers, wireless gear and servers made up for sluggish spending by telecom customers and weak sales in emerging markets.
The network equipment maker is making a transition toward high-end switches and routers and investing in new products such as data analytics software and cloud-management tools.
Last month, market research firm Gartner forecast a decline in telecom services spending this year.
TORONTO (Reuters) - The Canadian government said on Tuesday it had raised C$755.4 million ($627.77 million) in a 2500-megahertz spectrum auction set to boost telecom coverage in rural areas across the vast country.
Telus Corp, one of Canada's three biggest telecom companies, emerged as the big winner from the auction. It paid C$478.8 million for 122 licenses across the country, snagging over 40 percent of the licenses sold through the auction.
BEIJING (Reuters) - China has included cybersecurity in a draft national security law, the latest in a string of moves by Beijing to bolster the legal framework protecting the country's information technology.
China has recently advanced a wave of policies to tighten cybersecurity after former National Security Agency contractor Edward Snowden disclosed that U.S. spy agencies planted code in American tech exports to snoop on overseas targets.
SEATTLE (Reuters) - Chuck Robbins, the veteran salesman chosen by Cisco Systems Inc to succeed legendary CEO John Chambers, must prove he has the technical knowledge to chart a new course and lead the network equipment maker into the new world of cloud-based computing.
Cisco, like tech stalwarts Hewlett-Packard Co and IBM, is trying to branch out from its core business into software, security and datacenters to capitalize on the explosion of remote computing.
MADRID (Reuters) - Telefonica's move to hike prices in Spain is a bold bet that could finally draw a line under a six-year slump, cut the firm's reliance on Latin America and give it a leg up over rivals on the lucrative premium telecoms market, sources and analysts say.
The telecoms giant, whose revenues have dropped 13 percent worldwide and 42 percent in Spain since 2008, has focused on fewer markets, cut debt and invested in new high-speed networks and exclusive television contents to try and regain its mojo.
BEIJING (Reuters) - A hacking attack using malware from overseas servers was to blame for Internet problems in China earlier this week that prevented users accessing a number of popular foreign websites, an official state-run newspaper said on Friday.
Social media users first reported on Sunday that they were being sent to software website wpkg.org and travel website ptraveler.com when trying to access news websites like cnn.com, news portal yahoo.co.jp, and games website runescape.com, among others.
HELSINKI/PARIS (Reuters) - Finland's Nokia reported quarterly profits well below market forecasts at its telecom network equipment business, sending its stock tumbling 10 percent and raising concerns over its planned takeover of smaller rival Alcatel-Lucent.
First-quarter revenue was ahead of expectations, but operating profit dropped 61 percent, which Nokia blamed largely on the need to cut prices to secure major mobile contracts in China and on weaker software sales.
There are benefits to using satellites in LEO or GEO orbits. The key for network operators is to choose the right satellite design, technology, and orbit for the application and market they serve.
PARIS/HELSINKI/STOCKHOLM (Reuters) - Nokia's acquisition of smaller rival Alcatel-Lucent may avoid the pitfalls that befell earlier telecom network equipment marriages, thanks to a revolution over the past decade in how products are launched and developed.
The brains and brawn of telecom networks today lie in software, which is programmable and flexible, and not in customized hardware as in the past. Products are more modular with open interfaces that allow equipment from different manufacturers to talk to each other.
SHENZHEN, China (Reuters) - China can only ensure its information security in the long run if it keeps its market open to the best technology products, be they foreign or domestic, Huawei's rotating chief executive Eric Xu told Reuters on Tuesday.
Xu's remarks are a rare example of a top Chinese CEO openly questioning the direction of Beijing's information security policy, already a source of concern for countries who fear it will limit opportunities for their technology firms.