GE Capital’s Telecom, Media and Technology (TMT) financing business Monday announced that it has successfully completed 5 transactions totaling $591MM in financings in the first quarter of 2011.
“The first quarter for companies in our sector was active, in terms of both corporate financing and in financing private equity-backed companies," said Peter Foley, senior managing director of GE Capital, Telecom, Media and Technology.
SK Telecom announced that it will establish a cooperative relationship with China's biggest telecommunications company, China Mobile, in areas of mobile games and M2M.
SK Telecom signed a Memorandum of Understanding (MOU) with China Mobile Jiangsu on April 8 in Nanjing City, Jiangsu Province. The two companies agreed to jointly develop content and platforms in areas of mobile games and M2M (Machine-to-Machine). China Mobile Jiangsu is a branch of China Mobile that is responsible for the company's overall games business.
Mobile donations, also known as text giving, are a growing piece of the mobile payments ecosystem, according to Jenifer Snyder of the mGive Foundation. The mGive Foundation is a 501(c)(3) established to make it easy for non‐profits to quickly execute effective mobile giving campaigns and for mobile operators to support them. The foundation has partnered with more than 60 of the nation’s leading mobile carriers and has supported more than 7,000 mobile giving campaigns for more than 500 nonprofit clients and processes around 85 percent of all mobile donations made today.
When delivering video services, it is important to balance the delivery of video to users with the impact on the network. This whitepaper outlines several example approaches, briefly outlines which network technology might provide supporting functions and discusses several related issues. Register here for White Paper Download
Canadian telecom TELUS plans to launch its next generation, Long Term Evolution (LTE) network in early 2012, the company announced Wednesday. LTE technology supports manufacturers' rated peak download speeds of up to 150 megabits per second (Mbps) and upload speeds of up to 70 Mbps. This initiative is made possible by the launch in 2009 of Canada's coast-to-coast HSPA+ wireless network, which today covers more than 95 per cent of the Canadian population.
Sprint Wednesday announced that VHA, an Irving, Texas-based health care purchasing network, has agreed to a three-year contract extension with Sprint worth an estimated $1.2 billion. Sprint, a primary telecom carrier to VHA since 1997, will continue to provide wireless services -- including solutions and handsets -- as well as wireline and data capabilities to VHA and Provista members.
Colombo, Sri Lanka:
Following the success of the Region’s very first mobile conference held in Sri Lanka last year the Information Communication Technology Agency of Sri Lanka will be hosting the South Asian Mobile Conference 2011 on the 07th of June 2011 at the Grand Ball Room, Hotel Galadari.
Nortel Networks Corporation announced Monday that it and certain of its subsidiaries have entered into a stalking horse (the starting point against which others will bid prior to the auction) asset sale agreement with Google Inc. for the sale of all of Nortel's remaining patents and patent applications for a cash purchase price of US $900 million.
China Mobile, China's largest mobile operator, has selected Spirent Communications to evaluate the performance of high density Fibre Channel Director Switches from major vendors in its evaluation lab. China Mobile will use Sprient's testing solution to ensure scalability, performance and reliability of storage area networks (SAN) for data centers in the selection of Fibre Channel switches.
A data transfer problem of the near future can soon become a thing of the past, according to Athena Wireless Communication, Inc. The company's new A060 Mini Radio, "the world's first all-digital, multi-gigabit capacity, 60 GHz millimeter-wave radio which transfers data at fiber-like rates" could be "the perfect, cost-effective solution" to telecommunication operators' needs for backhaul capacity, Athena Wireless said in a press release Tuesday.