Australia's Telstra will sell its struggling New Zealand operations to mobile operator Vodafone in a $670 million deal, threatening Telecom New Zealand's dominance and potentially making it a future takeover target.
Under the sale, Vodafone New Zealand said it will acquire TelstraClear's (Wellington, New Zealand) fixed-line and Internet operations, which hold only 16% of New Zealand's broadband market but will now have the muscle to compete head-on with much larger Telecom.
Shares of ZTE Corp, the world's fifth largest telecommunications equipment maker, hit a three-year low on Tuesday on worries about earnings and concerns over a subsidies dispute between the European Union and China, analysts said.
ZTE's (Shenzhen, P.R.C.) Hong Kong-listed shares fell by as much as 8% to HK$13.00 in morning trade, the weakest level since late March 2009. The stock has fallen about 45% so far this year.
On Tuesday, seven mobile operators announced they had entered into a global alliance to collaborate their M2M businesses. KPN, NTT DOCOMO, Rogers, SingTel, Telefónica, through its Telefónica Digital unit, Telstra and Vimpelcom are all part of this M2M alliance. Most notably, no carrier from the United States, specifically AT&T, has joined the partnership.
Natural disasters demonstrate that, despite ongoing efforts to improve electric power transmission reliability, the risk of prolonged regional blackouts remains a significant concern.
Telit Wireless Solutions, a provider of machine-to-machine (M2M) modules and services, on Tuesday announced the establishment of m2mAIR, a new business unit offering M2M managed and value-added services including connectivity.
As the global economy emerges from recession into a new period of growth, market data and analysis will become even more essential to companies seeking to compete on the global stage. According to a recent report by Global Information Inc., an information service company, telemedicine, teleradiology, and telemonitoring systems are poised for tremendous growth through the middle part of the decade.<?xml:namespace prefix = o />
On Tuesday, IMS Research, who was recently acquired by IHS Inc., forecasted that the market for equipment supporting smart grid communications and networking would grow from $700 million in 2011 to nearly $950 million by 2016. This growth is projected even as smart meter shipments are forecast to decline from 2012 onwards in North America and general economic growth remains elusive.
It may not be long before electric car owners on America’s Pacific coast can drive all the way from Canada to Mexico using quick-charge stations. Thanks to Oregon’s new ‘electric highway,’ it’s now possible to charge an electric car every 25 miles down a 200-mile stretch of Interstate 5.
That, says an NBC News video, makes it the longest stretch of electric highway in the United States.
Last week both Visa and MasterCard announced European mobile payments partnerships. On Monday, MasterCard announced that it has entered into a mobile payments partnership with Deutsche Telekom, while Visa announced on Friday that it had joined forces with Telefonica Digital to offer a similar service.
China's Huawei Technologies is in talks with Gulf telcos Etisalat and Saudi Telecom to manage their fixed-line networks, an executive said, potentially cementing its leadership of a $1 billion regional industry.
Huawei (Shenzhen, P.R.C.), the world's second largest telecom gear maker, is in similar negotiations with several other Middle East operators, the executive said in emailed comments, but declined to name them, citing confidentiality agreements.