Energy regulator Ofgem (London, England) on Sunday announced that six projects are to share $76 million of funding to help local power networks become smarter. The money comes from Ofgem’s $666 million Low Carbon Networks Fund (LCN Fund).
Experts in the field of machine-to-machine (M2M) communications know that billions of intelligent devices connected on networks represent enormous opportunity, but also enormous risk. Many of these experts will gather in the M2M Zone at the CeBIT 2012 trade show in Hannover, Germany to discuss digital security for embedded devices, which will be the major theme for 350,000 attendees to the world's largest ICT event.
Tension between Vodafone (London, England) and Verizon Communications (New York) over their joint venture in the United States has eased and the success of new partnerships could determine if that relationship goes any further.
Consolidation of the Portuguese telecoms market may happen faster than expected if the state-owned bank decides to sell its holdings as part of a countrywide push to raise cash, a France Telecom (Paris, France) executive said on Thursday.
France Telecom has said it plans to leave the Portuguese market, where consumers have been hit hard by an austerity drive, but the company said in October that no talks had taken place because it was difficult to sell in the current environment.
Dutch telecom firm KPN (The Hague, Netherlands) has opened the books at its Spanish operations to prospective buyers, including Vodafone (London, England), a person familiar with the situation told Reuters on Tuesday.
KPN's chief executive, Eelco Blok, said in May he would refocus KPN's international mobile division, including expanding Ortel, its mobile phone business which targets immigrants, and would cut inefficient operations outside the Netherlands, Germany and Belgium.
Cellphone market growth slumped in the third quarter, with the grim economic climate prompting consumers to cut back or delay purchases, particularly in Western Europe, says research firm Gartner (Stamford, Conn., U.S.A.).
Global sales of all mobile phones grew an annual 5.6% in the third quarter to 440.5 million phones, down sharply from 16.5% growth in the previous quarter.
The world's premier telecoms executives, advisers, financiers and regulators will convene at TelecomFinance 2012 to examine strategies for smarter growth and consolidation for the year ahead. Building on this year’s emphasis on divestment, partnering and new digital strategies; leaders from global operators will discuss opportunities for 2012, while financiers shed light on the impact of continued macroeconomic instability on financing.
Wyless (London, England) and Wireless Maingate (Stockholm, Sweden), two M2M MVNO's, announced a strategic partnership that will provide both companies will access to the others networks.
Spanish telecom giant Telefonica (Madrid, Spain) stuck to ambitious shareholder return targets on Friday even while nine-month profit fell a more-than-expected 69% in what the group described as a "challenging" operating environment.
The euro zone's biggest telecom in terms of market capitalization announced a 69% fall in net profit to $3.71 billion on a 5.4% rise in revenues to $63.7 billion in the January to September period, with net profit around $410 million below average expectations.
Britain's biggest mobile operator, Everything Everywhere (London, England), is planning to pay back $1.4 billion of loans to its two parent companies -France Telecom (Paris, France) and Deutsche Telekom (Bonn, Germany)- in a step towards making itself a wholly independent operation, the Financial Times reported on Monday.