Apple Inc CEO Tim Cook fulfilled a longstanding desire of investors by initiating a quarterly dividend and share buyback that will pay out $45 billion over three years.
The world's most valuable technology company will start paying its first dividends since 1995 - a regular quarterly payout of $2.65 a share - in July, and buy back up to $10 billion of its stock beginning in the next fiscal year.
The $10 billion annual dividend program, which Cook said will be reviewed periodically, ranks among the largest current U.S. corporate cash payouts.
Worldwide data networks are about to be buried beneath an avalanche of wireless data traffic. The Cisco Visual Networking Index (VNI) forecasts that by 2015, there will be 26 times as much mobile data traffic as there was in 2010 – a compound annual growth rate (CAGR) of 92%. Cisco VNI also projects that, by 2015, there will be two network-connected devices for every man, woman, and child on the planet—with WiFi and mobile devices accounting for 54% of all IP traffic.
Hedge fund manager Philip Falcone's LightSquared lost its main business partner, Sprint Nextel Corp, but gained $65 million from the breakup that may help its last-ditch effort to get regulatory approval to establish a high-speed wireless network.
Sprint (Overland Park, Kan., USA) said on Friday it would exercise its right to scuttle the $9 billion agreement that would have allowed LightSquared (Reston, Va., USA) to use a network Sprint is building to sell its own high-speed wireless services.
France-based Orange has launched "la nouvelle TV d'Orange," a next-generation subscription TV service which allows Orange to upgrade its IPTV service and prepare the infrastructure for Over-the-Top (OTT) video, multiple screens and unlimited content.
The new service has a new user interface, which includes VOD, CatchUp TV, content discovery and recommendations, EPG, PVR, self-developed applications and more, says Orange (Paris).
AppDirect, a provider of cloud service marketplace and management platforms, announced that it is providing its cloud service for Deutsche Telekom’s new Business Marketplace. With the Business Marketplace, Deutsche Telekom is able to deliver secure cloud applications and services to SMB customers.
Cisco Systems said on Thursday it will buy NDS, a developer of software for multi-channel television networks, for $5 billion.
Founded in Israel in 1988, NDS (London) is 51% owned by private equity fund Permira and 49% by News Corp. It maintains a large research and development center in Jerusalem.
The European competition watchdog is questioning five of Europe's biggest telecoms companies to see if a series of meetings they held since 2010 on strategy and technical co-operation constituted collusion.
On Wednesday, Cricket Communications, Inc., a subsidiary of Leap Wireless, and Clearwire Corp announced that they have entered into a five-year wholesale agreement. With the agreement, Cricket will become the second operator to have signed onto Clearwire's forthcoming LTE Advanced-ready network, which will provide capacity off-load services to supplement Cricket's own LTE network. Financial terms of the agreement were not disclosed.
Imagine Communications, a provider of digital video services, on Wednesday announced a system upgrade to their ICE Video Platform. The new platform upgrade provides system operators with a single unified appliance for processing HD and SD IPTV streams as well as Adaptive Bit Rate (ABR) streams for multiscreen delivery.