(Reuters) - Cisco Systems Inc's quarterly profit edged past market estimates as demand for new switches, routers, wireless gear and servers made up for sluggish spending by telecom customers and weak sales in emerging markets.
The network equipment maker is making a transition toward high-end switches and routers and investing in new products such as data analytics software and cloud-management tools.
Last month, market research firm Gartner forecast a decline in telecom services spending this year.
NEW YORK (Reuters) - Verizon Communications has made clear what it hopes to gain with the $4.4 billion purchase of AOL: a better way to sell mobile video ads.
AOL, ridiculed for its continuing dial-up Internet business, has in the last few years assembled a set of cutting-edge online video technology tools to buy and sell ads automatically in real-time, measure audience metrics and specifically target users based on their preferences.
Such "programmatic" buying is fast becoming the most effective way for online ads to be bought and sold.
TORONTO (Reuters) - The Canadian government said on Tuesday it had raised C$755.4 million ($627.77 million) in a 2500-megahertz spectrum auction set to boost telecom coverage in rural areas across the vast country.
Telus Corp, one of Canada's three biggest telecom companies, emerged as the big winner from the auction. It paid C$478.8 million for 122 licenses across the country, snagging over 40 percent of the licenses sold through the auction.
MILAN/ROME (Reuters) - Italian power utility Enel has written to the Italian communications regulator offering to help with building a nationwide ultrafast broadband telecoms network, a move that could bring it into conflict with Telecom Italia.
Enel, which is controlled by the Italian government, wrote a letter to the regulator on April 14 saying its domestic network could be used to help install fibre optic cables more cheaply.
By 2020, IoT will encompass 50 billion devices connected over the internet and that will generate a data of 40 zetabytes through communication. The communication will cover about 25% of human to machine communication and 75% of machine to machine communication.
This represents a massive amount of unstructured data with the potential to ultimately provide very insightful and informative content that will help companies make more informed decisions. This data generated using IoT is considered as one of the next revolutionary areas in technology and industry.
BEIJING (Reuters) - China's smartphone market has reached saturation, according to a new study by industry analyst IDC that carries potentially significant implications for the global handset industry led by giants like Apple Inc and Samsung Electronics Co Ltd.
During the first quarter of 2015, smartphone shipments in the world's most populous country shrank for the first time in six years to 98.8 million, down 4.3 percent from a year earlier, IDC said in report on a Monday, attributing the slump to "market saturation".
RIVIERA MAYA, Mexico (Reuters) - AT&T Inc will take "a couple of years" to shape up its new business in Mexico, where it competes with billionaire Carlos Slim's dominant carrier America Movil, AT&T Mexico Chief Executive Thaddeus Arroyo said in an interview on Thursday.
AT&T, which bought Mexico's No.3 and No.4 wireless carriers in the last few months, faces the task of integrating the two companies' networks to face off against Slim's telecoms group, which controls 70 percent of the mobile market.
BEIJING (Reuters) - China has included cybersecurity in a draft national security law, the latest in a string of moves by Beijing to bolster the legal framework protecting the country's information technology.
China has recently advanced a wave of policies to tighten cybersecurity after former National Security Agency contractor Edward Snowden disclosed that U.S. spy agencies planted code in American tech exports to snoop on overseas targets.
YANGON (Reuters) - Myanmar, long one of the world's least connected nations in terms of telecommunications, is now racing to catch up, providing a boost to the foreign mobile companies allowed into the country last year.
The number of mobile phone SIM cards in the south-east Asian country of 51 million people has shot up to more than 18 million from around one million just three years ago, according to data compiled by Reuters.
That has surprised some of the foreign entrants, who expected more modest growth in one of the world's poorest nations.
SEATTLE (Reuters) - Chuck Robbins, the veteran salesman chosen by Cisco Systems Inc to succeed legendary CEO John Chambers, must prove he has the technical knowledge to chart a new course and lead the network equipment maker into the new world of cloud-based computing.
Cisco, like tech stalwarts Hewlett-Packard Co and IBM, is trying to branch out from its core business into software, security and datacenters to capitalize on the explosion of remote computing.