Korea Electric Power Corp. (Seoul), South Korea's number 1 electricity producer, has announced it plans to invest $1.8 billion (2 trillion won) over the next five years in a smart grid. The project is part of a larger government initiative to reduce carbon emission. The South Korean government has previously mentioned that state and private spending on smart grid infrastructure could reach nearly $21 billion by 2030.
Trimble (Sunnyvale, CA, USA) has introduced a new RFID reader called the ThingMagic Mercury6, the latest in the company's lineup of RFID products. The unit is a 4-port, multi-protocol reader that operates within the Mercury API.
Telit (Rome, Italy) has finalized a long awaited deal to acquire Motorola's (Schaumburg, IL, USA) machine-to-machine business unit for $23 million plus $3 million in related assets. Employees are now in the intermediate phase of the integration process, which has been in progress for some time.
According to Alexander Bufalino, VP of Global Marketing for Telit, his company is currently the number 3 M2M provider but seeking to become number 2. To do so, a successful M&A move was necessary.
An impressive new GPS transceiver is on display at the O2 (Berkshire, UK) booth this week inside the M2M Zone, Hall 7. The unit boasts two never-before-seen features that have been predicted, but never successfully implemented until this model.
SkyWave (Ottawa, Canada), an Inmarsat-based satellite solution provider, is exhibiting at CeBIT 2011 this week and showcasing their dual-mode SureLinx 8100 M2M module. The system reduces operational costs by intelligently delivering data messages using the lowest-cost message routing: cellular frequencies when in range of terrestrial networks, and satellite service in other areas.
A thin but energetic Steve Jobs made a surprise return to the spotlight on Wednesday, taking the stage to unveil Apple Inc's new iPad and drawing a standing ovation.
The Silicon Valley legend has been out on medical leave since late January and his reappearance, in trademark turtleneck and jeans, bolstered Apple shares and reassured investors and fans worried about his health.
Long-time rivals Deutsche Telekom (Bonn, Germany) and France Telecom-Orange (Paris) announced on February 11 that they will cooperate on M2M operations and service development . Both will participate in the M2M Zone Conference at CeBIT.
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.