Telecommunication providers Telenor (Fornebu, Norway) and Vodafone (London, England) are expected by analysts to outshine their European telecom peers as the sector struggles with weak economies and forced price cuts.
Analysts are braced for a slew of poor second-quarter results, starting with Nordic operator TeliaSonera on Wednesday.
TeliaZonera reported a net income decrease of 26% year-on-year to $591 million in the second quarter of 2011. However, the company did report an organic revenue growth of 3%, which is in line with its forecast for the year.
On Wednesday it was reported that Deutsche Telekom AG (Bonn, Germany) has expressed interest to the Belgian government in acquiring a stake in Belgacom SA (Brussels, Belgium). The Belgian government is Belgacom’s largest shareholder.
Deutsche Telekom approached the Belgian government in the first few months of the year to see if it was planning to sell part of its 53.5% stake, the Belgian French-language paper said, citing an unnamed source.
Apple Inc. (Cupertino, Calif., U.S.A.) on Tuesday announced financial results for its fiscal 2011 third quarter, which ended on June 25. The company posted record quarterly revenue of $28.57 billion and a quarterly net profit of $7.31 billion. These results compare to revenue of $15.70 billion and a net quarterly profit of $3.25 billion in the third quarter of 2010.
Gross margin was 41.7% compared to 39.1% in the year-ago quarter. International sales accounted for 62% of the quarter’s revenue.
The Working Groups formed under the India Smart Grid Task Force (ISGTF), a group serving as the government focal point for smart grid development, on Tuesday announced it would be spending as much as $ 134 million on smart grid projects.
A fast-growing number of software applications offer doctors the chance to view X-rays or monitor heart rates from iPads or smartphones, prompting U.S. health officials on Tuesday to propose government oversight for some of the more complex health applications.
A portion of the apps perform tasks that mimic the work of medical devices and could cause harm if they failed to perform as promised, U.S. Food and Drug Administration (FDA) officials said.
In a new report released on Tuesday by researching firm Market Research (Rockville, Md., U.S.A.), it was predicted the M2M market in the utilities sector will see major growth in terms of numbers of connections, from 100 million in 2010 to 1.5 billion in 2020. According to Market Research, this opportunity is dominated by one application: smart metering.
Smart metering represented 97% of connections in 2010, predicted to rise to 99% by 2020. It also accounts for more than 95% of revenue throughout the forecast period, according to Marker Research.
KORE Telematics (Alpharetta, Ga., U.S.A.), an MUNO, on Tuesday announced that Agnik LLC (Columbia, Md., U.S.A.), a data analytics company, has selected the KORE network to power its usage-based automobile insurance application, enabling the transmission of driving patterns back to insurance companies for risk management.
Siemens Industry, Inc., the U.S. affiliate of Siemens (Munich, Germany), an electrical engineering company, announced on Monday a new line of electrical vehicle (EV) charging stations designed for home and business owners.
Intended to be part of a smart home environment, Siemens VersiCharge charging stations are Level 2, meaning it can recharge an electric vehicle in two to six hours, and uses 240 volts of power. According to Siemens, there are two models, the VersiCharge and VersiCharge SG.
Green Charge Networks (New York), a smart grid engineering company, on Monday announced the launch of an energy storage and management device that stores energy locally during periods of low use, and augments grid power with stored energy during peak demand.
Last week The Hacker’s Choice (THC), an independent security research group, claimed that Vodafone’s (London, England) mobile network was not secure from hackers.
According to THC’s blog, there is a problem with Vodafone’s Sure Signal femtocell, which uses broadband to give 3G mobile phones better coverage when indoors. THC claims that it can turn the femtocell into an interception device to listen to, and record conversations, as long as the femtocell is within 50 meters of the mobile phone.