Cisco Systems Inc predicts that a new product it unveiled on Wednesday will increase its cumulative revenue from core routers, which direct Internet data traffic, by 25 percent - to $10 billion - within the next two years.
The leading network equipment maker expects to cash in on ever increasing demand for Internet services with its new CRS-X router, its third in the CRS product series.
Japanese mobile operator SoftBank Corp said it agreed with Sprint Nextel Corp to raise its offer for the U.S. wireless carrier to $21.6 billion from $20.1 billion, as it fights off a counter bid by Dish Network Corp.
SoftBank's amended offer, Japan's biggest outbound deal, won the backing of hedge fund Paulson & Co, Sprint's second-biggest shareholder, which had earlier supported the Dish bid. Paulson said it would vote all its shares in favor of SoftBank's improved offer.
Telus Corp, Canada's second-largest wireless company by subscribers, ended its plan to buy struggling startup Mobilicity after the government blocked the deal in an effort to boost competition in the sector.
Last week, Canada rejected the transfer of Mobilicity's wireless spectrum licenses to Telus (Burnaby, Canada), effectively blocking its takeover of the startup as the government tries to hold back the industry's bigger companies from swallowing smaller rivals.
Sierra Wireless has launched an embedded module aimed at supporting in-vehicle telematics and infotainment systems on the 4G network of Verizon Wireless.
The announcement comes as industry figures continue to express doubts about the suitability of 4G technology for M2M communications.
Individuals such as John Horn, the chief executive of MVNO RACO Wireless (Cincinnati, OH, USA), have questioned the business case for LTE-based M2M services, with 4G modules still much costlier than 2G or 3G ones.
OEM supplier First International Computer (FIC) is teaming up with M2M specialist Cluster Wireless on the development of M2M products and services for the enterprise market.
The two companies have announced a “multi-year technology collaboration and partnership” they say will accelerate the development of “intelligent, flexible, [and] cost-efficient” M2M services aimed at enterprise customers.
FIC (Taipei, Taiwan) says the partnership will give it more flexibility during the design, manufacture and deployment of its custom hardware products.
M2M DataSmart is to support medication delivery and tracking solutions in the US for MedicPen, a mediation delivery specialist based in Sweden.
The mobile virtual network enabler (MVNE) claims to offer “cost-effective, no-hassle wireless connectivity” using the CDMA network of Sprint (Overland Park, KS, USA).
AT&T has sought to allay concerns about its ability to compete in the US mobile market by saying it expects to add another half a million contract customers during the three months ending in June 2013.
The operator is not due to publish second-quarter results until July 23 but claims its broadband, TV and mobile divisions are all thriving in terms of subscriber adoption.
The operator says that a number of promotions in the mobile phone market have paid off, “driving strong sales, higher gross adds and smartphone upgrade rates similar to the first quarter”.
SoftBank has reportedly begun discussions with Deutsche Telekom about a takeover of T-Mobile US should it fail in its attempts to buy rival network operator Sprint.
The Japanese operator is pursuing a deal to buy a 70% stake in Sprint (Overland Park, KS, USA) for $20.1 billion, but faces competition from satellite TV provider Dish Network (Meridian, CO, USA), which has offered $25.5 billion for Sprint.
Network equipment maker Ciena Corp said it expects strong growth in cloud computing and higher use of smartphones, and forecast stronger-than-expected revenue for the current quarter.
Ciena (Hanover, MD, USA) shares jumped as much as 15.5 percent on the Nasdaq on Thursday morning. Shares of rival Finisar Corp (Sunnyvale, CA, USA) were up 5 percent while those of Juniper Networks Inc (Sunnyvale, CA, USA) were up about 1 percent.
The battle for ownership of Clearwire between Dish Network and Sprint has intensified after the satellite TV company hit back at accusations that its offer runs afoul of Delaware law and Clearwire’s equityholders’ agreement.
Last December, Sprint (Overland Park, KS, USA), Clearwire’s majority owner, made an offer of $2.97 a share for the remaining shares in the operator, to which Clearwire’s managers gave their assent.