Itron, Inc. recently announced that it has signed an agreement to acquire privately held SmartSynch, Inc., a developer of cellular-based smart grid services for the utility industry, in a transaction valued at $100 million.
Jasper Wireless, a provider of connected devices platforms for machine-to-machine (M2M) and consumer electronics, and Optimus, a Portuguese mobile network operator, on Wednesday announced an agreement to wirelessly connect machine-to-machine (M2M) and consumer electronics devices across Portugal.
GridComms announced its debut global Smart Grid conference that will focus on opportunities for collaboration and innovation between the telecommunications and utilities industries with the common goal of building and securing Smart Grid networks. GridComms will bring together global leaders from the telecom and utility industries to discuss the future of smarter energy distribution and communications networks and the importance of building and securing networks for the advancement of Smart Grid.
This year, London will host the Summer Olympic Games. England last hosted the games in 1948, when mobile phones weren’t even invented. This year, the city and venues must prepare to handle the modern day technological issue of wireless communications. There will be a dramatic influx in mobile data and voice traffic by the spectators who have purchased almost 8 million tickets for the 302 events that will take place in London.
LightSquared Inc., the wireless company backed by hedge fund manager Philip Falcone, said on Tuesday it plans to lay off nearly half of its employees to save money.
LightSquared (Reston, Va., USA) said it will cut 45% of its 330-employee workforce and called the planned move a "prudent and necessary cost savings measure to ensure the long-term success of the company."
On Monday, LightSquared failed to pay $56 million it owed to a British satellite partner Inmarsat.
Apple Inc. has signed a deal with China Telecom to sell its iPhone in China as it looks to boost its share in one of the world's biggest mobile phone market. China Telecom plans to offer the iPhone starting next month.
While Apple (Cupertino, Calif., USA) has now signed up with two of China's big three carriers, the largest, China Mobile Ltd (Beijing, P.R.C.), with more than 600 million subscribers, doesn't yet have compatible technology.
Swedish telecoms gear maker Ericsson is to buy privately-held WiFi technology firm BelAir Networks as part of its plan to boost its mobile broadband offering. Demand for wireless connectivity has boomed in the last couple of years with the proliferation of mobile devices, such as smartphones and tablets.
BelAir (Ontario, Canada), which produces indoor and outdoor WiFi systems for telecoms operators that allow people to surf the Internet without a physical coupling to a network, has 120 staff.
On Friday, market research firm Infonetics Research released a new report stating that spending on optical gear grew 8% globally in the fourth quarter of 2011 (4Q11) over the previous quarter.
Shares of wireless service provider Clearwire Corp rose 5% on Wednesday following a U.S. government decision to block start-up LightSquared from building a rival wireless network.
Late on Tuesday, regulators said there was no solution to interference problems the LightSquared (Reston, Va., USA) network would have caused with critical services that rely on the Global Positioning System (GPS), including aviation.