Smart-grid vendor Sensus (Raleigh, US) has taken a 15% stake in CAS Tecnologia, one of the largest smart-grid companies in Brazil.
The move will give Sensus exposure to the massive Brazilian market as well as the right to distribute Hermera, CAS Tecnologia’s utility data management platform, around the world.
M2M software company Arkessa (Cambridge, UK) has announced plans to partner with data-center provider Telehouse (owned by Japanese telecoms giant KDDI) over the development of a private cloud, to be hosted at Telehouse’s London data centers.
Best known as the UK-based designer of the application processors used in most of the world’s mobile phones, ARM has invited a number of other UK technology specialists to establish a group aimed at fighting what it calls the “Internet of Silos”.
ARM says it wants to create a blueprint for how M2M technologies should work together to support the 50 billion devices that are forecast to be connected to the internet by 2020.
According to a new report from Pike Research, vendors are rushing to provide standards-compliant or standards-capable smart-grid technologies, driven by utilities that increasingly regard their communications networks as strategic assets.
M2M vendor Telit (Raleigh, US) has launched a Mini PCI Express card with an embedded M2M module designed for industrial applications.
The Mini-PCIe adapter card provides 3G cellular data, voice, and video communications for embedded PCs in a variety of commercial and industrial applications, including ATMs, kiosks, digital signage, surveillance and fleet management. Telit says it allows application developers to more easily integrate M2M capabilities into their solutions.
A round-up of the most important results announcements over the past few days.
Latin American heavyweight América Móvil reported a 45% year-on-year fall in net profit to 13.3 billion pesos (US$1 billion), despite a 9.3% increase in revenues to 191.7 billion pesos. The decline was partly down to the weakness of local currencies, which also drove up the cost of handset subsidies. América Móvil says that with more customers opting for smartphones it is seeing pressure on its margins.
du, the number two operator in the United Arab Emirates, has said it will focus on profitability and worry less about market share, after reporting second-quarter results earlier this week.
The operator reported an impressive 57.1% increase in net income, year on year, to 651 million dirhams ($177 million), but noted a slight fall in its mobile market share, to 46.5%, due to renewed competition from rival Etisalat.
KT Corp., South Korea's No. 2 wireless service provider, apologized on Sunday after personal data of millions of mobile phone subscribers was hacked.
It is the latest in a string of large-scale personal information hacking cases in one of the world's most wired countries.
Police said two computer programmers had been arrested for hacking personal data of about 8.7 million KT subscribers. KT claims a mobile service subscription membership of 16 million.
Apple Inc and Samsung Electronics Co Ltd take their battle for mobile supremacy to court on Monday in one of the biggest-ever technology patent trials, a case with the potential to reshape a fast-evolving market they now dominate.
AT&T’s board of directors today authorized a share buyback of up to 300 million additional shares.
The amount of shares represents about 5% of its outstanding stock and would be worth some $11.1 billion according to Friday’s closing price.
“This action allows us to continue returning cash to our shareholders through dividends and buybacks while maintaining a strong balance sheet and investing in the future of our business,” said Randall Stephenson, AT&T’s chairman and chief executive.