On Friday, DragonWave, Inc. (Ottawa, Canada) announced plans to acquire Nokia Siemens Networks' (Espoo, Finland) microwave transport business, including its associated operational support systems (OSS) and related support functions. Under the deal, Nokia Siemens Networks (NSN) will retain responsibility for its existing sales and associated services for microwave transport, while DragonWave will be responsible for the product line, including R&D, product management and operations functions.
Market research firm Infonetics Research (Campbell, Calif., U.S.A.) on Tuesday released excerpts from its Service Provider Capex, Opex, ARPU, and Subscribers report, which reported that telecom capital expenditures (CAPEX) were up 6% to $311 billion in 2011, while revenue was up 8% to $1.86 trillion.
France Telecom-Orange (Paris, France) and Publicis Groupe (Paris, France), an advertising and communications company, announced on Monday plans to launch a new venture capital fund. The fund will finance and develop digital start-up, particularly in France and the European Union, says Orange.
Iridium Communications Inc. (McLean, Va., U.S.A.) on Tuesday reported financial results for the third quarter of 2011 and raised its outlook for 2011. Iridium reported third-quarter total revenue of $102.1 million, which consisted of $69.4 million of service revenue and $32.8 million of equipment, engineering and support revenue. Total revenue grew 8% versus the comparable period of 2010, while service revenue increased 11% from the year-ago period.
Sierra Wireless (British Columbia, Canada) and Sprint (Overland Park, Kan., U.S.A.) last week announced they are collaborating to help application developers, product manufacturers, and machine-to-machine (M2M) service providers deploy new services. The two companies will co-market Sierra Wireless’ M2M Cloud Platform and Sierra Wireless will support Sprint modules pre-certified on its network.
U.S. smart metering company Sensus (Raleigh, N.C., U.S.A.) is exploring a potential sale of the company and has hired bankers to advise the company on a deal that could potentially cost up to $1 billion, people familiar with the matter said.
Privately held Sensus, which makes smart meters, software and communication systems for the electric, gas, and water industries, is preparing to launch a sale and is being advised by financial service company Credit Suisse (Zurich, Switzerland) on the process, these sources said.
The distribution arm of Italy's biggest utility, Enel (Rome, Italy), has started installing smart grids in Italy, part of its push to develop the technology needed to handle electricity flows from decentralized, fluctuating renewable power sources. Several thousand customers will take part in the $13.7 million pilot project in the southern region of Molise, Enel said in a statement.
The need to develop smart grid technology has been spurred by a rapid growth of renewable energy which is dependent on weather conditions and alternating of day and night.
The U.S. Department of Veterans Affairs (VA) and American Well (Boston, Mass., U.S.A.), a telehealth software company, on Friday announced an initiative to bring telehealth services to U.S. war veterans in their homes and workplaces. The initiative will use American Well's Online Care system to provide care for veterans, particularly those remotely located from VA medical centers, says American Well.
TomTom (Amsterdam, Netherlands) on Tuesday launched a smartphone application designed to provide customers with information about their vehicle fleet. The smartphone application, WEBFLEET Mobile, includes a detailed map which provides a view of the current traffic situation using TomTom’s real-time traffic technology, the TomTom HD Traffic.
The technology allows customers to pinpoint the location of their fleet, obtain information on each vehicle's destination and estimated time of arrival, and gain trip data information such as mileage and timestamps, according to TomTom.
An estimated $590 million was spent on smart grid security technologies in 2010 and by 2016 that number is projected to surpass $2 billion, according to a report by ABI Research (Oyster Bay, N.Y., U.S.A.). However, despite this, cyber security challenges are nowhere close to being resolved, and the industry will continue to face a number of serious hurdles in the coming years, says Pike Research (Boulder, Colo., U.S.A.).