Chinese group Huawei Technologies (Shenzhen, China), the world's second-largest telecoms equipment maker, is to invest $2 billion expanding its operation in Britain, creating about 700 new jobs in the next five years.
Founder and chief executive Ren Zhengfei outlined Huawei's plan on Tuesday, when he also met Prime Minister David Cameron.
"The UK is an open market, which welcomes overseas investment. I am, therefore, very pleased today to be announcing the $2 billion investment and procurement plan, promoting the development of openness and free trade," Ren said.
The new iPhone 5 has to be more than just another smartphone as it carries the weight of Apple Inc's (Cupertino, USA) future on its slim frame.
Five years after the first iPhone upended the mobile industry, analysts say Apple is looking increasingly defensive as Samsung Electronics Co Ltd (Seoul, South Korea) and other rivals have been first to market with phones that sport bigger screens or run on faster wireless networks.
Mobile network equipment maker Nokia Siemens Networks
Everything Everywhere (London, UK), the joint venture between Orange (Paris, France) and T-Mobile (Berlin, Germany), has revealed the launch plans for its 4G LTE business, which has been controversially given a headstart on its big rivals by UK authorities.
The company has also announced that its 4G services will be offered under the EE brand. Until now, Orange and T-Mobile had continued to use their separate brands for services provided over the Everything Everywhere network.
Module maker Telit (London, UK) has witnessed a dip in first-half profit despite reporting impressive gains in revenues as it capitalizes on the growing demand for M2M products and services.
A rise in expenses linked to takeover activity, the launch of a new business venture and the opening of new sales offices in the Czech Republic and Australia pushed net profit down to $2.3 million from $2.6 million in the first half of 2011.
Revenues at the company rose by 21.6% over the same period, to $98.6 million, with Telit in the vanguard of new M2M offerings.
The US Department of Agriculture says it has now provided a total of $269 million to fund the development of smart grids in America’s rural communities, beating its investment goal of $250 million.
The target formed part of President Obama’s plan to modernize the country’s electrical system, helping utilities to become more efficient and consumers to save money by reducing energy use in homes and businesses.
Taiwan’s government is to invest NT$130 billion ($4.4 billion) in the deployment of a national smart grid over the next 20 years, according to a report from Taiwan Today.
The report claims the plan has already secured the backing of the Cabinet and says an interagency task force will soon be formed.
Taiwan’s Bureau of Energy, under its Ministry of Economic Affairs, has said the construction of a smart grid is needed to help Taiwan reduce its carbon emissions and become more energy efficient.
inthinc Technology Solutions (Salt Lake City, USA) has announced that satellite operator Orbcomm (Fort Lee, USA) will support its telematics and fleet-management applications.
The telematics company serves fleet industries in the US heavy equipment and oil and gas sectors, among others.
Its products provide alerts and information to drivers and fleet managers that inthinc claims can improve driver behavior, reduce crashes, increase fleet productivity and reduce emissions.
M2M company Intelligent Mechatronic Systems (IMS) (Waterloo, Canada) claims a new in-vehicle telematics device, due to launch early next year, will work with any vehicle and represents its most advanced connected car hardware to date.
IMS says it developed its new DriveSync device to be the “most universal” on the market, meaning it can work in vehicles that do not have OBD-2 ports, such as new hybrid and electric vehicles and diesel fuel vehicles.
Southern California Edison (SCE), the biggest utility in the state, has announced that it will begin installing smart electric meters at the end of the month in the San Joaquin Valley.
The deployment will form part of the Edison SmartConnect program, a $1.6 billion project authorized by the California Public Utilities Commission to help realise California’s energy policy targets.
The objectives include reducing greenhouse gas omissions by around 365,000 metric tonnes per year and helping California to generate a third of its electricity from renewables by 2020.