LightSquared (Reston, VA, USA), a wholesale-only wireless broadband and satellite network provider, has closed on $586 million of debt, led by UBS AG and JP Morgan. LightSquared will use the proceeds of the financing for general corporate purposes, which include constructing its 4G-LTE network. Over the last seven months, the financially troubled company has raised more than $2 billion in debt and equity.
Telecom Argentina (Buenos Aires), one of Argentina's top telephone companies, said on Tuesday its fourth-quarter net profit jumped 28 percent as the company's mobile phone and broadband sales expanded.
The company -- controlled by Telecom Italia -- reported a net profit of 512 million pesos ($124.7 million) for the last quarter of 2010, up from 399 million pesos a year earlier, according to a statement sent to the Buenos Aires Stock Exchange.
The figure came in a shade above the median forecast for a net profit of 500 million pesos, given in a Reuters poll of four analysts.
HP (Palo Alto, CA, USA) introduced four new telehealth partnerships on Sunday at the annual Healthcare Information and Management Systems Society (HIMSS) conference. "LifeBot," provider of a mobile telemedicine solution, "Canvys," a medical display company, "Medweb," a cloud-hosted image and data repository, and "Parental Health," a senior monitoring company.
Frustrated school officials have turned to GPS tracking in an attempt to curb truancy, as reported in a local California, USA newspaper. The six week pilot program is aimed at habitually truant seventh- and eighth-grade students with four or more unexcused absences.
IEEE has announced that IEEE P2030, a proposed standard for smart grid communications, is nearing sponsor ballot within IEEE, a major milestone toward ratification as a standard. Work will continue at the IEEE P2030 Working Group meeting, today and tomorrow in New Orleans, LA, USA.
IEEE P2030 is being developed for use by the power engineering, communications and information technology industries worldwide as a foundational, system-of-systems guide for Smart Grid interoperability. IEEE is the first standards development organization to address Smart Grid interoperability.
Sprint (Overland Park, KS, USA) is partnering with IDEAL LIFE Inc. (Toronto, Canada) to expand IDEAL LIFE's product portfolio to include embedded wireless devices. The companies will develop, certify and co-market a version of the IDEAL LIFE hub to transmit health data over the Sprint network.
Equipment maker Ericsson (Stockholm, Sweden) has announced the launch of its mobile money services, seeking to take and intermediary role in near-field communications purchases. The announcement marks the end of the service's two year development, and follows a proof-of-concept launch in Europe and Asia.
Chinese telecom equipment makers have their sights set on the United States, a massive market that has so far been largely off limits to them because of fears over the security of key national infrastructure.
Huawei (Shenzhen, China), the world's number three seller of network gear, and ZTE (Shenzhen), number five, both told Reuters in interviews at the Mobile World Congress in Barcelona that they wanted to crack the United States.
The Wholesale Applications Community (WAC), a common pool of apps designed to run on multiple operating systems, handsets, and networks, now boasts a membership of 68 carriers including IBM, Vodafone, AT&T, Ericsson, Huawei, Oracle, and SAP. The unified group is an open alternative to Google and Apple app stores, and support is exploding this week at Mobile World Congress in Barcelona.
SPIRIT DSP (Moscow), a voice and video over IP provider, has announced that Huawei Technologies (Shenzhen, China), the world's second-largest telecommunications equipment provider, has extended its license with SPIRIT DSP for HD voice and video to carriers.
Under terms of the agreement, Huawei, a SPIRIT customer since 2007, will use SPIRIT's TeamSpirit Voice&Video Engine PC in its IP Multimedia Subsystem, Unified Communications, and Fixed Mobile Convergence solutions to carriers from the Huawei core network, delivering a PC video softphone to Huawei's carrier customers.