On April 13, the Federal Communications Commission announced the closing of the broadcast incentive auction, which created a first-of-its kind market for repurposing valuable broadcast airwaves for nationwide wireless mobile use. At $19.8 billion in gross revenue for 70MHz of spectrum, the incentive auction is among the highest grossing auctions ever conducted by the FCC. The Commission now commences a 39-month transition period to move broadcast stations to new channel assignments.
Today, Straight Path Communications Inc. and AT&T announced the signing of a definitive merger agreement under which AT&T is to acquire Straight Path for $95.63 per share in an all-stock merger intended to qualify as a tax-free reorganization. Straight Path is one of the largest holders of 28 GHz and 39 GHz millimeter wave spectrum. The transaction, which was approved by the Board of Directors of both companies, brings Straight Path’s previously announced strategic alternatives process to a conclusion and maximizes Straight Path shareholder value.
Horizon Research and Market Analysis is pleased to announce the availability of the first in a series of reports, ‘2017 Global 5G-LTE Policy Brief’. Authored by UK-based Dr. William Webb, this critical and incisive report poses some challenging questions, and offers guidance for technology solutions providers, and policy makers.
Last week, the Department of Commerce and First Responder Network Authority (FirstNet) announced the selection of AT&T to build the first nationwide wireless broadband network dedicated to America's first responders. This record-breaking public-private partnership is a significant investment in the communications infrastructure that public safety desperately needs for day-to-day operations, disaster response and recovery, and securing of large events. It will also make 20 MHz of prime broadband spectrum available for private-sector development.
IFC, a member of the World Bank Group, and the IFC Middle East and North Africa Fund, managed by IFC Asset Management Company, today announced a combined indirect equity investment of $30 million via the WP/GA consortium fund in Network International, a leading provider of payment solutions, to expand the payment infrastructure in the Middle East and Africa.
STAMFORD, Conn., March 14, 2017 — Organisations are transforming their security spending strategy in 2017, moving away from prevention-only approaches to focus more on detection and response, according to Gartner, Inc. Worldwide spending on information security is expected to reach $90 billion in 2017, an increase of 7.6 per cent over 2016, and to top $113 billion by 2020. Spending on enhancing detection and response capabilities is expected to be a key priority for security buyers through 2020.
Geneva, 16 March 2017 - The Broadband Commission for Sustainable Development held its 2017 Spring Meeting in Hong Kong, SAR of China, today, and committed to concrete actions that will spur the roll-out of broadband around the world. Currently, some 5 billion people are without mobile broadband access, meaning that the paths to access digital services and applications are currently blocked for much of the world's population, thereby holding back progress towards the 2030 Agenda for Sustainable Development.
Arlington, Va. (March 16, 2017) – The Telecommunications Industry Association (TIA), the leading association representing the manufacturers and suppliers of high-tech communications networks, today applauded action in the U.S. House on policy measures to enhance the deployment of "smart" technology at the local level. In a letter sent to the House Energy and Commerce Subcommittee on Digital Commerce and Consumer Protection, TIA and several other groups offer support for a Smart Communities Bill that promotes the use of advanced technologies and systems.
COVINGTON, La., March 08, 2017 (GLOBE NEWSWIRE) -- Globalstar (NYSE:GSAT) and Inmarsat, two leading providers of mobile satellite and voice data communications services, announced today their intention to form a new partnership to cross-sell their respective products and services, increasing their global reach. The future partnership aims to provide additional service options for the growing and diverse needs of the companies' expanding international customer bases.
NEW YORK; Feb. 24, 2017 – Accenture's Dynamic Digital Consumers Survey revealed that if a global digital giant such as Google or Amazon launched an offer comparable to their mobile operator, 44 percent of respondents would leave their provider, forming a gloomy outlook for Communications Service Providers (CSPs).