PARIS (Reuters) - Finland's Nokia Oyj is close to a deal to buy Alcatel-Lucent's mobile networks unit to boost its core business especially in the United States and China, Les Echos newspaper reported on Monday.
The French business daily said an announcement could come "quickly," citing a source close to the matter. The paper said meetings between managers at the two companies had increased since January.
Alcatel and Nokia declined to comment.
DETROIT (Reuters) - General Motors Co will generate $350 million in improved profit over the three years to 2018 from its rollout of 4G LTE mobile broadband in its cars and trucks, the No. 1 U.S. automaker's chief financial officer said on Wednesday.
Chuck Stevens, speaking at a Bank of America Merrill Lynch conference, called GM's OnStar 4G LTE connection an "untapped, under-appreciated opportunity."
4G LTE is a wireless connection that allows faster flow of data and developing better in-car technology is critical to automakers like GM to attract younger, tech-savvy buyers.
SEOUL/SAN FRANCISCO (Reuters) - Samsung Electronics Co Ltd used more of its own chips to power the new Galaxy S6 smartphone than it did for the predecessor S5, according to an early teardown report, in a blow to U.S. chip supplier Qualcomm Inc.
Samsung is not only using its own Exynos mobile processor, as had been widely reported, but also decided to rely on its in-house semiconductor business to source other parts, including the modem and power management integrated circuit chips, Ottawa-based consultancy Chipworks said in a web posting dated April 2.
FRANKFURT (Reuters) - Britain's Interoute, a high-capacity data network and corporate cloud services provider, is taking on new private equity investors to fund acquisitions across Europe and the United States, the company said on Monday.
Aleph Capital Partners, a UK investment firm headed by former Goldman Sachs European private equity investment chief Hugues Lepic, and Crestview Partners, a U.S. private equity firm founded by ex-Goldman colleagues, have agreed to buy a 30 percent stake in London-based Interoute.
There is tremendous opportunity today for carriers willing to implement a more nimble network infrastructure, one able to support revenue-generating services on-demand. Legacy networks are too inflexible. Activating new services in these environments is a time-consuming and manual process, and incorporating the latest generation of dynamic services is almost impossible.
DETROIT (Reuters) - Ford Motor Co is turning to one of its early technology partners, Microsoft Corp, to help expand the automaker's connected car services.
Among the features that Ford plans to offer later this year through its new Service Delivery Network is the ability to automatically update its new Sync 3 infotainment system wirelessly. The service will run on Microsoft's cloud-based Azure platform.
CHICAGO (Reuters) - Four out of five global retailers and other merchants failed interim tests to determine whether they are in compliance with payment card data security standards, putting them at increased risk of cyberattacks, according to a new report by Verizon Communications Inc.
(Reuters) - Telecom network gear makers are on a collision course with Silicon Valley computing giants as software and cloud computing have begun to change the way operators from AT&T to China Mobile run their networks.
The shift, while in its early stages, involves relying on ever cheaper computer boxes and powerful software that promises to make networks more flexible and efficient.
HANGZHOU, China (Reuters) - Alibaba Group Holding Ltd is launching a cloud computing hub in Silicon Valley on Wednesday, the e-commerce giant's first outside of China, underscoring its global ambitions in the face of stiff and entrenched competition.
The new California data center marks the Chinese company's latest measured expansion onto American soil, and into a hotly contested U.S. market now dominated by Amazon.com Inc , Microsoft Corp and Google Inc.
BARCELONA – Operators wanting to stay afloat in the rapidly changing telecoms market will need to massively transform their infrastructure in terms of guaranteed bandwidth, communications security, low latency rate and minimum cost for increased capacity, Italtel’s CEO Stefano Pileri has warned.