The Greek government on Monday agreed to sell a 10 % stake in Hellenic Telecom (OTE) (Maroussi, Greece) to Deutsche Telekom AG (Bonn, Germany) as the Mediterranean state kicks off privatization deals to cut its debt pile.
Only 12 months after the public auction, Deutsche Telekom (Bonn, Germany) will launch the first LTE high-speed network (Long Term Evolution) in the major German city of Cologne. According to Deutsche Telekom, after Cologne, more than 100 other cities in the entire country will be provided with next generation mobile communications. Further expansion will occur in the third quarter of 2011, but Deutsche Telekom could not provide an exact date.
According to Deutsche Telekom, the 100 LTE base stations will make surfing with up to 100 Mbit/s possible.
Verizon Wireless (Basking Ridge, N.J.) on Monday announced that they will be showcasing 4G LTE Telematics technology in conjunction with several companies at the Telematics 2011 Conference on June 8-9 in Detroit.
According to Verizon Wireless, its 4G LTE network covers multiple components of Telematics, such as GPS systems, maintenance indicators, wireless Web access, hands-free connectivity and roadside assistance, along with other technologies and applications.
Verizon Wireless will be sharing the booth with the following collaborators:
Weather Telematics (Nepean, Ontario), a company that designs and integrates mobile sensing systems for vehicles, created 40 million weather points it its first year. Weather Telematics used mobile assets to carry sensors along major Interstates throughout the United States, pulling readings every ten seconds. This means that weather data is pulled, on average, every 300 meters or 10 seconds at 60 MPH.
KORE Wireless Group Inc. (Alpharetta, GA), a wireless services group focused on the global machine-to-machine (M2M) communications market, Wednesday announced the acquisition of Mach Communications Pty Ltd. (Melbourne, Australia), a wireless M2M network provider. The identity of Mach Communications Pty Ltd will transition to KORE Wireless Asia-Pacific in ensuing weeks. The acquisition, which was completed following unanimous approval of all shareholders, is now complete.
There were plenty of new BSS/OSS and CRM products to be found at the TM Forum Management World conference in Dublin last week, as software providers scrambled to offer new weapons that will allow carriers to hunt revenue opportunities in Cloud Services (among other places). Just some of the new product introductions included…
On Tuesday France Telecom (Paris, France) presented its strategic and financial ambitions for the next five years. According to its press release, France Telecom will be reviewing its portfolio of assets and is expecting to sell any assets where it is not a majority shareholder.
In one of the highlights of the TM Forum Management World event in Dublin last week, the Irish government showed off its Exemplar project, a “metro ring” carrier network in Dublin that is said to be the first to incorporate optical burst switching, a technology that could have broad implications in greatly improving the efficiency and capacity of carrier networks.
Maintaining the High-Cost universal service fund is critical to ensuring that the nation's broadband universal service goals are achieved, according to a document filed today with the U.S. government Federal Communications Commission (FCC) by the Fiber-to-the-Home (FTTH) Council, a non-profit organization that advocates for the expansion of next-generation broadband.
Sprint Nextel Corp (Overland Park, Kan.) is close to completing a $2 billion-a-year network sharing agreement with hedge fund billionaire Phil Falcone's LightSquared (Reston, Va.) telecommunications venture, sources familiar with the matter said on Wednesday.
Under the proposed agreement, LightSquared would pay $2 billion a year to rent space on Sprint's network to launch its own high-speed wireless services, according to a person who asked not to be named because the details are not yet public.