The largest street lighting project in the United Kingdom, costing $323.8 million dollars, will replace and maintain 250,000 streetlights with the smart lighting controls to maintain energy efficiency and provide a more efficient use of energy.
The South Coast Street Lighting private finance initiative, which will take 25 years to complete, stretches across Hampshire, West Sussex and Southampton, and will utilize a smart lighting control, which is connected across the internet via a mobile network.
Telecom Italia (Rome, Italy), the country’s largest telecom operator, kept its forecasts intact in the face of a rapidly-deteriorating economic climate at home, which took the sting out of a $2.8 billion first-half loss due to a goodwill writedown.
The company blamed deteriorating markets and interest rate trends for its $4.5 billion goodwill writedown on its domestic operations. Still, the company said the writedown would have no impact on its dividend or plans to cut debt and stuck to its forecasts for the year, promising trends at home were improving.
Mobile operator France Telecom (Paris, France) is putting its Swiss, Austrian and Portuguese units up for sale, which analysts say could raise as much as $2.9 billion. The announcement came as France Telecom announced second-quarter results just short of analysts' forecasts but stuck to its full-year targets.
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By 2031, Britain’s population is expected to have grown to more than 71 million putting exceptional pressure on the country’s infrastructure.
Poland's state-owned utility Energa (Gdansk, Poland) plans to spend $2.16 billion by 2015 to extend its power distribution network and introduce smart grid technology, the company said in a statement on Monday.
The utility plans to build 8,200 kilometers of new grid and modernize an additional 4,200 kilometers.
Telecommunication providers Telenor (Fornebu, Norway) and Vodafone (London, England) are expected by analysts to outshine their European telecom peers as the sector struggles with weak economies and forced price cuts.
Analysts are braced for a slew of poor second-quarter results, starting with Nordic operator TeliaSonera on Wednesday.
TeliaZonera reported a net income decrease of 26% year-on-year to $591 million in the second quarter of 2011. However, the company did report an organic revenue growth of 3%, which is in line with its forecast for the year.
On Wednesday it was reported that Deutsche Telekom AG (Bonn, Germany) has expressed interest to the Belgian government in acquiring a stake in Belgacom SA (Brussels, Belgium). The Belgian government is Belgacom’s largest shareholder.
Deutsche Telekom approached the Belgian government in the first few months of the year to see if it was planning to sell part of its 53.5% stake, the Belgian French-language paper said, citing an unnamed source.
With new phone hacking allegations against News of the World employees coming to light, questions over who is susceptible to voicemail hackings and what is being done to prevent future attacks are becoming increasingly important.
According to Sahba Kazerooni, the director of professional services at Security Compass, an information security firm, hackers are taking advantage of weak forgotten password questions.