Chilean telecommunications operation Empresa Nacional de Telecomunicaciones SA, or Entel, will pursue a nearly $2 billion investment plan through 2013, The Wall Street Journal online reported today.
According to daily newspaper Diario Financiero, The Wall Street Journal reported, the company's president Juan Hurtado said that Entel will focus its investments in the mobile broadband sector. Broadband has seen "explosive growth" in recent years, Hurtado said.
Nokia will axe 7,000 jobs and outsource its legacy Symbian software to slash 1 billion euros ($1.46 billion) of costs as it struggles to compete in the fierce smartphone market.
Nokia, the world's largest phone maker by volume, on Wednesday detailed an overhaul of its phone business following its decision to start using Microsoft software instead of its own Symbian platform.
The move includes laying off 4,000 staff and transferring another 3,000 to services firm Accenture - a total 12 percent of its phone unit workforce.
The United Arab Emirates will stop individuals and small businesses accessing the most private data services offered by BlackBerry, a UAE newspaper said, but the government said no services would be disrupted to any subscribers.
Only businesses with 20 or more subscriptions will be allowed to use high security accounts on the BlackBerry Enterprise Server, which allows for services such as highly secure corporate email, The National newspaper reported earlier this month.
Half a billion people worldwide will use their mobile devices as travel tickets on metros, subways and buses by 2015, according to new forecasts from Juniper Research. This is over five times the number generated last year, but crucially Juniper is expecting usage to spread widely from the current concentration in Japan and several European countries. Outside Japan, systems in operation typically use SMS or bar codes.
NFC creates momentum
Level 3 Communications, Inc., an international provider of fiber-based communications services, last week announced that it is providing Verizon Wireless with backbone infrastructure and cell-site backhaul solutions to support its ongoing rollout of its 4G Long Term Evolution (LTE) network.
The California Energy Commission awarded $4,643,200 for research projects to expand the state's smart grid, improve power plant pollution measurements, and conserve energy and water. The Commission's grants are leveraged by $392,709,016 of U.S. Department of Energy (DOE) funding, American Recovery and Reinvestment Act (ARRA) funds, and matching funds from the grant recipients. Funds for the six projects come from the Commission's Public Interest Energy Research (PIER) program.
Elster announced last week that Comision Federal de Electricidad (CFE) has selected the company's EnergyAxis Smart Grid solution to power the utility's first advanced metering infrastructure (AMI) project in Mexico City, Mexico's capital city with a population of more than 20 million.
Rising sales of smartphones and tablets boosted profit at touchscreen chipmakers Cypress Semiconductor and Synaptics Inc even as their traditionally strong PC market continued to slow down.
Cypress Semiconductor gave a blowout forecast for the current quarter as it expects its touchscreen business to double in 2011.
The American Telemedicine Association (ATA) has called on the Centers for Medicare and Medicaid Services (CMS) to use its authority to waive the restriction-riddled Medicare telemedicine statute for the new Accountable Care Organizations (ACOs).
Wireless fleet management services provider Networkfleet, Inc. today announced that it has become a corporate partner of the Alliance for Innovation to help local governments benefit from new technology. The Alliance for Innovation is an international network of progressive governments and partners committed to transforming local government by accelerating the development and dissemination of innovations.