New Zealand Telecom is to ramp up its activities in the burgeoning market for cloud services following a $96.5 million ($82.5 million) takeover of infrastructure and data center specialist Revera.
The New Zealand telecoms incumbent said it would fund the acquisition through cash and existing borrowing facilities and expects the deal to close in May.
It will continue to run Revera (Auckland, New Zealand) as a standalone business, providing customers of Gen-i –New Zealand Telecom’s ICT services division – with access to additional cloud capabilities and data center capacity.
Cellular operator Digicel Group Ltd jumped into Myanmar early and big, hiring staff, funding local sports, negotiating land deals for thousands of cell tower sites and signing up hundreds of partners for retail outlets.
The strategy helped propel it onto the shortlist for a mobile license in one of the world's last mobile frontiers, putting an operator that ranks 65th globally in terms of customers up against giants such as Vodafone Group Plc (Newbury, UK).
A 4 day conference that will address the advancements in Android technology and provide latest insights, techniques and solutions for professionals in the App development and System programming space.
Reliance Jio Infocomm has signed an agreement with Bharti Airtel to rent capacity on the i2i submarine network that runs from India to Singapore, without disclosing the financial terms of the deal.
Reliance Jio (Mumbai, India) says the arrangement will allow it to connect directly with the world’s major business hubs and internet service providers, allowing it to provide ultra-fast services to its customers.
Huawei Technologies Co Ltd, the world's No.2 telecoms equipment maker, toned down its long-term target for networking equipment sales to enterprises, saying a prior figure was too optimistic.
Eric Xu, Huawei (Shenzhen, China) executive vice president and one of its rotating CEOs, also voiced frustration with security issues that are thwarting the Chinese company in the key U.S. telecoms equipment market.
The number of mobile customers in India fell by 0.11% in February, to 861.66 million, according to new figures from the Telecom Regulatory Authority of India (TRAI).
The country has now lost more than 100 million mobile customers since June last year, but the rate of decline has slowed from 2.8% in December and 0.26% in January.
The TRAI has blamed the losses on disconnections of so-called ‘inactive’ accounts by the country’s operators.
South Korean operator SK Telecom claims to have broken through the 10-million mark for its LTE subscriber numbers just one year and nine months after first launching the service.
The country’s biggest operator said it reached the milestone on 19 April and would aim to have signed up a total of 15 million customers by the end of this year.
It also expects to introduce a commercial service based on LTE-Advanced – a standard that promises even faster connection speeds than LTE – in September.
Masayoshi Son, billionaire founder of Japanese mobile carrier SoftBank Corp, is expected to stay in the battle for U.S. wireless service provider Sprint Nextel Corp, even though he could profit handsomely by walking away.
While the intentions of Charlie Ergen, the chairman of Dish Network Corp (Meridian, CO, USA), should be clear - after a bold $25.5 billion counterbid for Sprint (Overland Park, KS, USA) - not everyone is convinced the deal will go through.
Siemens’ Smart Grid Division has formed what it calls a “global strategic partnership” with big-data specialist Teradata, aimed at providing utility companies with more information about the status of their networks.
The companies say the alliance will allow customers of Siemens Smart Grid to improve the reliability of their infrastructure and reduce costs.
KT Corp has reportedly decided not to bid for the controlling stake in Morocco’s Maroc Telecom currently held by French media conglomerate Vivendi.
The operator had been in talks about an acquisition that would have represented the largest-ever overseas deal by a South Korean company.
According to Dow Jones Newswires, however, it has dropped its bid but will continue to pursue other options for investing in the North African operator.