Inmarsat said on Tuesday that struggling U.S. telecoms company LightSquared had not made another payment owed to the British satellite firm for licensing part of its spectrum in North America.
Echelon Corporation, a provider of energy control networking for the smart grid, and Holley Metering Limited, a smart metering vendor in China, on Tuesday announced an agreement under which the two companies will form a new joint venture company in China, Zhejiang Echelon-Holley Technology Co., Ltd. (Echelon-Holley), to focus on the development and sales of advanced smart metering products for China.
Fitch Ratings, a global rating agency, expects smart meters will play a growing role in federal and state regulatory and political policymaking, future retail rate design and system reliability standards, according to a report published last week.
Santa Clara, CA
Big Data refers to the growing data industry sector built around capturing, storing, processing, analytics, and extracting value from massive databases of mixed and often unstructured data. This is data that exceeds the ability of most existing database systems to handle. It is the science around the proverbial needle in the haystack. This meeting will address how service providers can, and can’t, monetize their data.
Hedge fund manager Philip Falcone's LightSquared lost its main business partner, Sprint Nextel Corp, but gained $65 million from the breakup that may help its last-ditch effort to get regulatory approval to establish a high-speed wireless network.
Sprint (Overland Park, Kan., USA) said on Friday it would exercise its right to scuttle the $9 billion agreement that would have allowed LightSquared (Reston, Va., USA) to use a network Sprint is building to sell its own high-speed wireless services.
On Wednesday, Cricket Communications, Inc., a subsidiary of Leap Wireless, and Clearwire Corp announced that they have entered into a five-year wholesale agreement. With the agreement, Cricket will become the second operator to have signed onto Clearwire's forthcoming LTE Advanced-ready network, which will provide capacity off-load services to supplement Cricket's own LTE network. Financial terms of the agreement were not disclosed.
This might not be the year the world ends, as some say the Mayans prophesized, but it may seem like it for a telecommunications industry under pressure to meet booming demand for Internet resources.
By some projections, the explosion in adoption of Internet connected devices such as laptops, tablets, smart phones, blue ray players and Internet TVs could strain network bandwidth beyond capacity as soon as this year, causing cases of services loss as available access to network bandwidth becomes completely consumed by peak demand.
Laird Technologies Inc., a supplier of customized electronics and wireless products, announced its acquisition of Summit Data Communications, a manufacturer of wireless LAN modules and cards for mobile computers, medical devices, and similar equipment. Summit posted a revenue of $17.2 million in 2011, increasing 13% from the previous year.
Locaid, a Location-as-a-Service company, and Wyless, a global M2M managed services provider, announced an agreement whereby Locaid will provide location-based services (LBS) to Wyless customers and partners across the globe.
Oracle released the results of a performance test demonstrating that Oracle Communications Converged Application Server running on Oracle Exalogic Elastic Cloud, and using the Linux operating system, can deliver services for communications service providers (CSPs) looking to provide next-generation voice, video and data services over internet protocol (IP)-based networks.