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.
As smartphone usage grows and consumers start using their phones for more than just voice, the concept of a mobile service provider is changing. According to two surveys, including one performed by Oracle (Redwood Shores, Calif., U.S.A.), a person’s mobile phone is replacing other devices, and in the future will be used for everything from banking to a GPS system.
Oracle surveyed more than 3,000 mobile users around the world and found that mobile devices are becoming more valuable to consumers.
On Friday, DragonWave, Inc. (Ottawa, Canada) announced plans to acquire Nokia Siemens Networks' (Espoo, Finland) microwave transport business, including its associated operational support systems (OSS) and related support functions. Under the deal, Nokia Siemens Networks (NSN) will retain responsibility for its existing sales and associated services for microwave transport, while DragonWave will be responsible for the product line, including R&D, product management and operations functions.
France Telecom-Orange (Paris, France) and Publicis Groupe (Paris, France), an advertising and communications company, announced on Monday plans to launch a new venture capital fund. The fund will finance and develop digital start-up, particularly in France and the European Union, says Orange.
The distribution arm of Italy's biggest utility, Enel (Rome, Italy), has started installing smart grids in Italy, part of its push to develop the technology needed to handle electricity flows from decentralized, fluctuating renewable power sources. Several thousand customers will take part in the $13.7 million pilot project in the southern region of Molise, Enel said in a statement.
The need to develop smart grid technology has been spurred by a rapid growth of renewable energy which is dependent on weather conditions and alternating of day and night.
Alcatel-Lucent (Paris, France) scaled back its profitability goal for the year, raising new doubts about Chief Executive Ben Verwaayen's ability to turn around the long-struggling telecom equipment maker.
Alcatel-Lucent, like rivals Ericsson (Stockholm, Sweden) and Nokia Siemens Networks (Espoo, Finland), is suffering as telecom operators cut spending on their networks in reaction to macroeconomic uncertainty, especially in Europe.
Despite several years of economic woes and rapidly expanding debt, The Republic of Ireland has announced its commitment to Electric Vehicles (EVs) and an aggressive roll-out of charging infrastructure. The country is installing 1,500 public charging stations this year, which puts the country on pace to have a greater penetration per capita than the United States.