The global market for smart-grid technologies will generate revenues of $73 billion in 2020, up from $33 billion in 2012, according to a new report from Pike Research.
The market-research company says smart-grid technologies will have generated $494 billion in cumulative revenues by the end of 2020, but warns the industry that “the creation of the smart grid remains a colossal undertaking”.
Semiconductor distributor Avnet Memec is claiming “mobile virtual network enabler (MVNE)” status after signing a deal to become a pan-European distributor for M2M managed-services provider Wyless.
Avnet Memec (Poing, Germany) says that its M2M customers will now benefit from having access to the Wyless (Lawrence, USA) managed network and Wyless’ Porthos-branded management platform, reducing costs and time to market.
Max Levchin, co-founder of online payment giant PayPal, launched a rival business on Tuesday called Affirm that will compete in the crowded but fast-growing mobile payments business.
Affirm's technology helps shoppers complete online purchases more quickly and easily when they are using smart phones and other mobile devices, according to the firm's website.
Deutsche Telekom has finally launched a joyn service in Germany just weeks after blaming technical difficulties for delays to its introduction of the technology.
The German incumbent becomes the latest operator to add joyn, the brand name for the Rich Communication Suite-enhanced (RCS-e) standard backed by the GSM Association (GSMA), to its portfolio of services.
Widely seen as an attempt by operators to fight over-the-top players on their own terms, joyn has been heavily criticised as too little and too late.
Alexander Provotorov, the CEO of Russian telecom firm Rostelecom, looks set to lose his place on the company's board after the government backed a list of candidates that did not include him, according to Russia's Prime news agency.
The government, which has a 53 percent stake in Rostelecom (Moscow, Russia) via state holding company Svyazinvest (Moscow, Russia), has been critical of management's plans to expand in the competitive mobile market, as well as a weak share price, prompting media speculation that Provotorov could be replaced.
Telecom network equipment maker DragonWave Inc said revenue for the fourth quarter would miss its forecast, citing lower sales in the microwave technology business it bought from Nokia Siemens Networks last year.
DragonWave (Ottawa, Canada) shares slid 25 percent to a three-month low of C$1.81 on the Toronto Stock Exchange on Monday.
Ottawa-based DragonWave also said it will cut costs further but did not specify what the measures were. Chief Financial Officer Russell Frederick said he could not provide more information on cost cutting.
Security software maker Palo Alto Networks reported second-quarter revenue and earnings per share that beat expectations amid strong demand for products that offer protection from cyberattacks.
Revenue in its second quarter, that ended January 31, rose 70 percent to $96.5 million compared with a year earlier, the company said on Thursday.
Non-GAAP earnings were $3.9 million, or 5 cents a share.
Analysts had expected revenue of $93.3 million and earnings per share of 4 cents, according to Thomson Reuters I/B/E/S.
Shares of Leap Wireless International Inc fell 3 percent on Thursday after the company said it may be able to sell only half the iPhones it has committed to buying from Apple Inc, potentially setting it back by $450 million over three years.
Leap (San Diego, USA), a provider of wireless services to cost-conscious customers, did not sell as many iPhones as it had hoped in the fourth quarter. It said that overall customer additions were hurt by general softness in the prepaid sector and phone prices were higher than many consumers could pay.
Small cell radio equipment that boosts network coverage is providing big opportunities for telecom operators as they face growing demand for smartphone Internet access in busy streets, shopping centers and stadiums.
The devices - small radio nodes which provide network coverage over a range of between 10 and 200 meters - have been used by businesses and consumers to provide a signal in areas of poor coverage for years.
Wireless service provider Clearwire Corp said on Wednesday it would draw on $80 million in financing from Sprint Nextel Corp, which is seeking to buy it, but vowed to continue talks with rival bidder Dish Network Corp.
Shares of Clearwire (Bellevue, USA) fell 3 cents to $3.17 after the decision, which could end Dish (Meridian, USA) Chairman Charlie Ergen's effort to buy Clearwire. But the stock was still above Sprint's offer of $2.97 per share, showing that investors still held out hope for a higher valuation.
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