Nokia to buy out Siemens equipment venture; shares surge

Reuters

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.

Bitter rivals Oracle, Salesforce team up on cloud

Reuters

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.

US court to hear oral arguments in net neutrality case on September 9

Reuters

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.

EU blocks German plan for higher fixed phone rates

Reuters

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.

New CEO begins Alcatel makeover

Reuters

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 say taxes threaten broadband development

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.

Cyber Security Summit 2013

Date
Start Date: 
Tuesday, October 22, 2013
End Date: 
Wednesday, October 23, 2013
Minneapolis, MN:
The Cyber Security Summit is focused on changing the paradigm of how we look at digital space and security, concentrating on clarifying the impact that cyber security has on our nation's government and business operations. The Summit mission is to establish a multi-stakeholder consortium that brings together industry, government, and academic interests in an effort to improve the state of cyber security on both a domestic and international level. Through prominent keynote speakers and engaging panel discussions, Summit participants will collaborate on cyber security initiatives, brainstorm innovative countermeasures, network with industry experts, and walk away with actionable solutions. 

Cisco sees new product raising core router revenue to $10 billion

Reuters

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.

Iran ups cyber attacks on Israeli computers: Netanyahu

Reuters

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 team up on 4G network sharing

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.

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