SK Telecom (Seoul, South Korea), South Korea’s largest wireless carrier, and STX Corp (Jinhae, South Korea), a trading services company, entered the fray to buy a $2.3 billion stake in Hynix Semiconductor (Icheon, South Korea), the world's No. 2 computer memory chipmaker.
Both companies said they had submitted their initial interest to creditors for the 15% stake in the first round of bidding which closed on Friday. A successful bid would mean a shift in focus and a first step into the computer chip business for either firm.
Last month Apple Inc. (Cupertino, Calif., U.S.A.) came out with the iCloud, a cloud service unique to its products. Since then, more companies have been announcing their moves into the cloud computing business.
On Monday, Microsoft (Redmond, Wash., U.S.A.) CEO Steve Ballmer spoke at Microsoft’s annual Worldwide Partner Conference, and urged its partners to join Microsoft as it moves into cloud technology.
A judge last Thursday approved TerreStar Networks Inc's (Reston Va.) proposed $1.375 billion sale to Dish Network Corp (Meridian, Colo.), pushing the satellite communications company a major step closer to emerging from a 9-month stint in bankruptcy.
TerreStar had more than $1 billion of debt when it sought Chapter 11 protection last October.
The company, which tried to market the first satellite smartphone, had been coveted for its roughly 20 megahertz of spectrum.
As the demand for oil and gas rises, resources for on land drilling are depleting. As a result, many oil and gas companies have moved to offshore drilling fields, and with that move comes its own set of problems, including enormous hydrostatic pressure and the costly and dangerous recovering of oil and gas from the bottom of the ocean to land.
Nokia Siemens Networks (Espoo, Finland), a telecommunications equipment provider, on Friday announced that it would promote GSM for its M2M applications.
“It’s not a promotion of GSM at the expense of another technology,” said Johanna Harjula, a Nokia Siemens Networks spokesperson. “GSM is the dominant carrier of M2M applications and is expected to remain as such for quite some time.”
According to Harjula, Nokia Siemens Networks expects GSM subscriptions supporting M2M applications to reach 1 billion by 2015.
Telit Communications (Trieste, Italy), a vendor of M2M technology, on Thursday announced that it has completed the acquisition of GlobalConect Ltd, a provider of cellular connectivity for M2M applications, for $2.9 million.
According to Telit, the acquisition will allow it to offer its customers wireless connectivity for its M2M produces. Dan Amir, CEO and founder of GlobalConect, is joining Telit to lead the Company's connectivity activities.
Ford Motor Company (Dearborn, Mich., U.S.A) on Monday announced that it has chosen MyAssist (Stevens Point, Wis.), a company providing live-agent personal assistant for telematics services, to provide a live operator for its SYNC services registered users.
The new service, called Operator Assist, uses voice commands to connect customers to a live person who can answer questions, send directions directly to the vehicle and access information databases to help drivers get where they are going, according to MyAssist.
TeliaSonera (Stockholm, Sweden), a mobile network operator, has signed an M2M agreement with France Telecom-Orange (Paris, France) and Deutsche Telekom (Bonn, Germany). The agreement, which initially was signed by France Telecom-Orange and Deutsche Telekom in February 2011 to cover France, Germany, Belgium, and Luxembourg, has since then added the Netherlands (Deutsche Telekom) and most recently the UK. The M2M service will now extend to cover TeliaSonera’s geographical reach, including Sweden, Norway, Finland, Denmark, Estonia and Lithuania.
IDC Energy Insights (Framingham, Mass., U.S.A.), a market research firm, announced on Tuesday a new report analysis of the security initiatives among North American utility companies. According to the report, of the 150 U.S. utility companies surveyed, 75% deemed security investments to be of the highest importance, while 38% depicted security to be one of the top IT initiatives this year.
The Western Australia government last week announced it will spend $36.5 million on telehealth services in six country hospitals located in inland Western Australia.
The initiative, funded under the Liberal-National Government’s Royalties for Regions Program, is the centerpiece of the State Government’s spending on health in the 2011-2012 State Budget and aims to reform and improve access to healthcare, according to a government statement.