Major network operators in the telecom industry have reported quarterly earnings during the months of April and May. Telecom earnings varied in the first quarter of 2011, but the majority had a slight increase in revenue compared to the same quarter in 2010. Of the carriers mentioned in this summary, Verizon Communications saw an increase in its earnings in a large part due to its adoption of the iPhone.
Deutsche Telekom and iPass Inc. last week announced their partnership to create WiFi Mobilize, a new network services exchange for in-country and international roaming services. The exchange is designed to help carriers meet the accelerating demand from their customers for data services on smartphone and tablet devices, and to optimize their network investments. The partnership will provide a solution for new data offload, international roaming, and inter-standard traffic management services for GSM, CDMA and WiFi operators.
Oracle today announced the general availability of Oracle Communications IP Service Activator Release 7.0, a key component in Oracle's Converged Fulfillment for Business Services solution. Deployed by many of the world's leading communications service providers (CSPs), Oracle's Converged Fulfillment for Business Services solution enables CSPs to create, launch and fulfill highly-differentiated, converged business services including connectivity, data, voice, video and Cloud services.
Actelis Networks, a global supplier of Ethernet over copper solutions that is accelerating everything for service providers, today announced at TIA 2011: Inside the Network that Broadband Accelerators (BBAs) already are helping US service providers deliver high-speed Internet services to residential subscribers who’ve traditionally had little to no access to high-speed Internet services. BBAs allow incumbent carriers to deliver broadband services with greater coverage area to residential subscribers who typically have been underserved or unserved.
AT&T Inc plans to launch a wireless security srvice for consumers next year to help combat a big rise in cyber attacks on mobile devices, a top executive said.
As more people use smartphones like Apple Inc's iPhone and Google Inc's Android-based devices to download Web applications, John Stankey, the head of AT&T's enterprise business, said he had seen a big spike in security attacks on cellphones.
"Hackers always go to where there's a base of people to attack," Stankey said in an interview ahead of the Reuters Technology Media and Telecommunications Summit.
Movik Networks announced last week that it has been named to the annual Lead411 "Hottest Companies in Boston" list, designating it as one of the fastest growing technology companies of the year in Boston and surrounding areas. Lead411 researchers evaluated over 2100 companies, and found Movik to be amongst the "hottest," proven by their growth and financial stability in the marketplace.
Allot Communications Ltd., a leading supplier of service optimization and revenue generation solutions for fixed and mobile broadband service providers worldwide, announced Tuesday at LTE World Summit in Amsterdam, Netherlands, that its intelligent charging solution, Allot ChargeSmart, has been selected by a multinational mobile operator. The converged charging solution, which is built on Allot Service Gateway, will be deployed in nine countries, serving approximately 30 million subscribers.
Law firms Seeger Weiss LLP and Cohen Milstein Sellers & Toll PLLC announced Monday that the U.S. District Court of New Jersey has granted final approval to a proposed settlement of a consumer class action against telecom provider Vonage Holdings Corp. challenging the company's sales and marketing practices. The final settlement of In re Vonage Marketing and Sales Practice Litigation follows a fairness hearing on May 12, 2011. The settlement will likely provide dollar-for-dollar recovery to most settlement class members.
AT&T's proposed acquisition of T-Mobile USA Inc. for $39 billion still needs to clear regulatory hurdles, which leaves unanswered questions for the future. These questions deepened Monday when it was announced that RACO Wireless would remain the preferred M2M service provider for T-Mobile USA, and that John Horn, the national director of M2M for T-Mobile USA, would be leaving to serve as president at RACO Wireless, and bringing along most of his M2M staff.
AT&T will give Deutsche Telekom a break-up fee and benefits worth about $6 billion if regulators reject the proposed takeover of the German company's U.S. business, Deutsche Telekom said on Friday.
In March, when the $39 billion deal was disclosed, the companies said AT&T would pay the German group a record break-up fee of $3 billion, but they did not put a value on other parts of the agreement.
"$3 billion would flow directly in cash, but Deutsche Telekom would also receive spectrum and a national roaming agreement," a Deutsche Telekom spokesman said.