The French and German owners of Britain's largest mobile operator, Everything Everywhere, are not interested in selling and have enough cash to invest in the business, France Telecom's chief executive said on Thursday.
Investment banking sources had told Reuters last week that former chief executive Tom Alexander approached private equity groups six months ago to gauge interest in a $12.6 billion offer for the France Telecom (Paris) and Deutsche Telekom (Bonn, Germany) joint venture.
A new report from Analysys Mason predicts that machine-to-machine (M2M) device connections worldwide will grow by a factor of 20 in the next ten years, from 100.4 million to 2.1 billion. Revenue associated with M2M connectivity will also increase dramatically over the same period, from $5.7 billion in 2011 to $50.9 billion in 2021.
To effectively protect, manage, and leverage infrastructure investments, companies are using M2M and Supervisory Control and Data Acquisition (SCADA) technology to keep complex systems running at peak efficiency. While cellular-based transmission may work in high population areas, it can be unpredictable due to congestion and urban canyons. It may even be non-existent in remote locations. According to the International Telecommunication Union, 90% of the world is covered by a mobile cellular network, but what happens when you are working in that other 10%?
IBM moved forward with smart grid projects on international fronts in separate deals with the largest privately held energy provider in Brazil and South Korea's largest utility.
GE Global Research announced last week that it is useing machine-to-machine (M2M ) technology to inspection wind turbines faster and in a more reliable way.
On Monday, Sierra Wireless announced it has entered into an agreement for the acquisition of Sagemcom’s machine-to-machine (M2M) business. Sierra Wireless has submitted a binding offer to acquire substantially all of the assets of the business for $56.6 million in cash.
Last week, Everything Everywhere, the UK’s biggest communications company, and Nokia Siemens Networks, a telecom equipment vendor, announced a partnership for the remote stock monitoring of smart vending machines.
Location-based services company flaik is expanding its GPS-based locator system to international markets using the machine-to-machine (M2M) platform from Orange Business Services.
Sonus Networks, Inc., a provider of SIP communications equipment, and Network Equipment Technologies, Inc., a provider of networking services for communications in Unified Communications (UC), SIP trunking and cloud-based deployments, on Tuesday announced they have entered into a definitive agreement for Sonus to acquire NET for $42 million.
Broadband access and broadband services will be the main driver of revenue growth for mobile service providers over the next five years. However, there is currently a significant strain being placed on wireless networks. With smartphone and tablet adoption on the rise and user demand for mobile video continuing to explode, service providers are increasingly challenged to manage expanding networks.