Investments in smart grids in the Southeast Asia region will lead to a doubling of revenues over the next eight years, according to a new report from Pike Research.
Pike says revenues generated by investments in transmission, substation and distribution upgrades, as well as smart meters, will grow at a compound annual rate of 10%, rising from approximately $1.9 billion in 2011 to about $4.5 billion in 2020.
Huawei (Shenzhen, China) has announced the start of a major M2M push in Europe as it aims to become the dominant player in the nascent industry.
China’s largest networks vendor has spent the last few months signing distribution agreements for its embedded modules in Europe’s biggest markets.
It now counts m2m Germany, Simple Solutions (UK), Sagitron (Spain and Portugal), Matrix (Spain), BE Telecom (Belgium and Israel), Netcom (Poland) and Techship (Sweden) among its partners, and says further deals are in the pipeline this year.
The global M2M industry is expected to generate some $290 billion in revenues in 2017, up from just $44 billion this year, according to new research from MarketsandMarkets.
The research company predicts that revenues will grow at a compound annual rate of 30.1% over the next five years as companies take advantage of new M2M opportunities.
European Union regulators will approve plans by British mobile operators Vodafone (Newbury, UK), O2 (London, UK) and Everything Everywhere (London, UK) to set up a joint venture to allow users to make payments and purchases with their phones, a person following the deal said on Tuesday.
Vodafone, Telefonica's 02 and Everything Everywhere, owned by France Telecom (Paris, France) and Deutsche Telekom (Berlin, Germany), aim to compete with similar mobile payment services from Google (Mountain View, USA), Apple (Cupertino, USA) and Facebook (Menlo Park, USA).
Garmin Ltd (Olathe, USA) and TomTom NV (Amsterdam, Netherlands) are gearing up for battle as the world's two biggest navigation companies plan to lure customers back with new products offering extra features.
Satnav sales have been in decline since 2008 as rivals like Google (Mountain View, USA) and Nokia (Helsinki, Finland) gave away free navigation on smartphones.
Once the darlings of the stock market, TomTom and Garmin have seen the value of their shares drop by more than 90 percent since the end of 2007, when satnav's were the hottest Christmas gifts.
Europe’s premier vendor organization for machine-to-machine communications (M2M) and the world’s largest M2M event organizer have announced that their joint marketing agreement will expand into full-blown partnership. The M2M Alliance has been working with the M2M Zone in joint promotional activities since 2010, but now their cooperation will include the exchange of content, membership services, and strategic consultation for the first time, in addition to joint exhibition and conference activities.
Ericsson (Stockholm, Sweden), the world's top mobile network infrastructure supplier, is in pole position to buy the business support systems (BSS) unit of rival Nokia Siemens Networks (Helsinki, Finland), Dow Jones Newswires reported on Monday.
In addition to Ericsson, U.S. telecoms equipment maker Amdocs (Chesterfield, USA) is also interested in the BSS unit, which provides billing and charging systems for telecoms operators, Dow Jones quoted a source familiar with the matter saying.
Brazilian telecoms operator GVT (Curitiba, Brazil) has reported impressive gains in revenues while trimming its forecast for overall sales growth this year.
The company saw net income rise by 31.4% to 2.05 billion Brazilian reais ($1.01 billion), compared with the first half of 2011, buoyed by the take-up of fast broadband connections and greater usage of voice services.
Were it not for a new tax rate, the company says its revenues would have grown by 42% year on year.
Vodafone (Newbury, UK) and Zain (Kuwait City, Kuwait) have signed an agreement that will allow each operator to use the other’s networks and services in the Middle East.
Vodafone already has similar arrangements in place under its ‘Partner Market’ program. The deal with Zain means this program now runs in 50 countries where Vodafone is active.
The UK operator says it will work with Zain companies in Saudi Arabia, Bahrain, Kuwait, Jordan and Iraq to provide customers with new communications services.
Just days after rivals blamed it for denting their profits, French telecoms upstart Free (Paris, France) claimed to have secured a 5.4% share of the country’s mobile-phone market, with 3.6 million customers, since launching its services in January this year.
The company has been accused of starting a price war by rivals including Vivendi-owned SFR (Paris, France) and Bouygues (Paris, France), both of which announced disappointing results last week.