Nokia shares surged on Monday after it announced plans to buy out partner Siemans AG's share of their valuable network equipment joint venture, betting on the technology to run 4G networks after it stumbled as a maker of smartphones.
Loss-making Nokia (Helsinki, Finland) gains full control of the profitable venture Nokia Siemens Networks (NSN) for $2.2 billion, a cheaper than-expected price, analysts said, although they also noted the acquisition would put pressure on Nokia's balance sheet.
Oracle Corp, the technology giant losing market share to younger firms that sell software via the Web, has signed a long-term partnership with archrival and cloud computing pioneer Salesforce.com Inc.
The two companies said on Tuesday that Oracle (Redwood City, CA, USA) will integrate some of its cloud-based software programs with Salesforce (San Francisco, CA, USA) products. The companies gave few details on the unprecedented partnership, which also calls for Salesforce to expand its own use of Oracle products.
The federal appeals court in Washington on Tuesday set September 9 as the date for oral arguments in the so-called net neutrality case that could be seminal for federal regulation of Internet traffic.
The highly anticipated hearings, originally expected to take place this past spring, will pit Verizon Communications Inc against the Federal Communications Commission as the biggest U.S. wireless provider challenges the FCC's order that guides how Internet service providers manage their networks.
The European Commission blocked plans by Germany on Friday to raise the fees alternative telecommunications operators charge each other to connect fixed-line phone calls.
The German telecoms regulator (BNetzA) proposed raising these call termination fees to three times the average rates in many parts of Europe to compensate for steadily declining revenues in the sector. There are over 50 alternative operators in Germany.
Telecom equipment maker Alcatel-Lucent will focus on its high-growth fixed and mobile products and slim down via 1 billion euro in cost cuts by 2015 in a bid to reverse years of losses.
The new plan unveiled on Wednesday by Michel Combes, the company's new chief executive, will also include unspecified asset sales of above 1 billion and 2 billion euros in debt re-financing by 2015, followed by a further 2 billion in debt reduction that could include issuing new shares.
Hungary’s operators have lashed out at moves by the country’s government to impose yet another tax on the telecoms industry, according to a report from Dow Jones Newswires.
Earlier this week, authorities served notice of plans to introduce a new telecoms-specific tax they say cannot be passed on to consumers.
Set to come into force on August 1, the new rules would require operators to pay a tax on phone calls by business customers of HUF3 ($0.014) per minute, up from a current per-minute rate of HUF2 per minute.
Cisco Systems Inc predicts that a new product it unveiled on Wednesday will increase its cumulative revenue from core routers, which direct Internet data traffic, by 25 percent - to $10 billion - within the next two years.
The leading network equipment maker expects to cash in on ever increasing demand for Internet services with its new CRS-X router, its third in the CRS product series.
Israeli Prime Minister Benjamin Netanyahu accused Iran and its Palestinian and Lebanese allies on Sunday of carrying out "non-stop" cyber attacks on major computer systems in his country.
He gave no details on the number of attacks but said "vital national systems" had been targeted. Water, power and banking sites were also under threat, he added.
India’s Ambani brothers have signed a $2 billion deal to share network infrastructure, aimed at speeding up the rollout of 4G services.
Under the arrangement, Reliance Jio Infocomm (Mumbai, India) – owned by Mukesh Ambani – will lease up to 45,000 sites owned by Reliance Communications (Mumbai, India), the mobile operator controlled by Anil Ambani.
In a joint statement on the tie-up, the two operators said it would allow them to derive major benefits from the sharing of capital and operating costs.