AT&T Inc Chief Executive Randall Stephenson on Tuesday said that he sees a "huge opportunity for somebody" in Europe to invest in mobile broadband and reap the big profits already being generated from such services in the United States.
Stephenson, who has been exploring opportunities for AT&T (Dallas, TX, USA) to expand into Europe, said Europe has the potential to be "incredibly exciting" during his appearance at an industry conference held by ETNO, the European telecommunications lobby.
Spending on “Internet of Things” (IoT) technology and services is set to generate global revenues of $8.9 trillion in 2020, up from $4.8 trillion in 2012, according to new research from IDC.
“The momentum of the Internet of Things is driven by a number of factors,” said Vernon Turner, senior vice president of IDC's enterprise infrastructure, consumer, network telecoms and sustainability research. “There is no doubt that business and consumer demand exists and will continue to expand for IoT solutions. I expect the current IoT use cases are just the tip of the iceberg.”
UK telecoms regulator Ofcom says BT, Google and Microsoft are among the companies to have registered interest in participating in trials of so-called “white space” technology, which could provide a major spur to the development of M2M services.
Ofcom says approximately 20 companies will be chosen to test a wide range of applications based on white space technology, which uses unlicensed spectrum freed up by the transition from analog to digital broadcasting.
M2M gateway provider Option has reported major progress on the partnership front, announcing that 12 M2M providers in Europe are to use its CloudGate product in their service offerings.
The company already sells CloudGate in the US but has developed a new version catering to the needs of the European market in areas including digital signage, surveillance, and heat and temperature sensing.
Greek telecoms operator Cosmote has strengthened its collaboration with Hedno through a deal that will see it support another 65,000 M2M connections for the electricity provider.
Cosmote (Athens, Greece) is also to provide an integrated management platform allowing Hedno (Athens, Greece) to manage and analyse data using internet services.
Hedno appears to be rolling out the connections as part of a smart-meter project aimed at measuring consumption of electricity services in customer premises.
The connected enterprise and big data analytics will be the two most important M2M trends next year, according to new research from Berg Insight.
In a new study, the market-research company says the number of mobile network connections used for M2M services will grow by 22% this year to reach 164.5 million, with East Asia, Western Europe and North America accounting for around 75% of the installed base.
Hardware company Telit has unveiled a device it describes as the market’s smallest cellular M2M module.
The so-called GE866-QUAD works in a variety of GSM spectrum bands and is targeted specifically at the “wearable” technology segment, which includes products such as Google Glass, the internet giant’s high-profile augmented-reality spectacles.
US cable company Time Warner Cable has agreed a $600 million takeover of DukeNet Communications, which operates a fiber-optic network across various Southeastern states.
DukeNet (Charlotte, NC, USA) is currently 50% owned by Duke Energy (Charlotte, NC, USA), the country’s largest electric power holding company, with the other 50% held by investment firm Alinda Capital (Greenwich, CT, USA).
The companies expect the transaction to close in the first quarter of 2014, subject to normal regulatory approvals.
Telecom Italia's new chief executive Marco Patuano will unveil a business plan outlining the future of its South American units and a possible corporate restructuring in Italy at a board meeting on November 7, trade union officials said.
Patuano told a meeting with unions on Friday the heavily indebted former phone monopoly had put on hold a plan to spin off its fixed-line network because the right regulatory conditions were not in place, they said in a joint statement.
South Korea has topped a ranking of ICT development for the third year in a row, with Sweden and Iceland coming second and third respectively.
The ICT development index prepared by the International Telecommunications Union ranks a total of 157 countries on the basis of ICT usage, access and skills.
Frequently cited as one of the world’s most connected countries, South Korea leads the rankings, with a number of countries in Scandinavia and northern Europe also performing strongly.