Japan's Toshiba Corp said on Monday it plans to enter the smart home energy market in the United States at the end of this year and generate $129.68 million in revenue by the fiscal year ending March 2016.
Recently, there has been talk that a merger between Vodafone and Verizon Communications could be the most logical option for both telecom operators. A recent report by analysts from Goldman Sachs Group stated that if Verizon Communications were to get rid of their fixed-line unit, it would allow for its wireless and enterprise units to merge with that of Vodafone’s. The report saw this as the most “attractive option” for Vodafone.
Deutsche Telekom is overhauling its strategy for its U.S. wireless unit after AT&T last month dropped its planned $39 billion takeover of the unit, a person familiar with the strategy planning said on Monday.
"Telekom is planning to work out a new strategy for T-Mobile USA in the coming weeks," the person told Reuters, adding that no date had been set to unveil the plan but it would certainly not be before 2011 results are published on February 23.
Text-messaging has long been a big-time profit generator for U.S. mobile operators, but they now risk losing these profits as consumers find cheaper ways to communicate. SMS (short message service) is currently generating an estimated 12% of service revenue for U.S. operators, but now many consumers are turning to low-cost alternatives like iMessenger, BlackBerry Messenger and Facebook's mobile messaging service.
Verizon Wireless has reversed its decision to charge a $2 fee for telephone and online bill payments, bowing to a storm of criticism from consumers and the U.S. Federal Communications Commission (FCC). The biggest U.S. wireless operator retracted its decision on Friday, just a day after it announced the fee for one-time payments, which was to have begun January 15.
Deutsche Telekom AG will pay more than $95 million to settle U.S. criminal and civil charges that a Hungarian unit and three former executives schemed to bribe government officials in Macedonia and Montenegro. Regulators said the charges arose from the company's Magyar Telekom unit having in 2005 and 2006 arranged payments of $15.8 million to intermediaries, expecting some or all of the money to be funneled to the officials in exchange for business benefits.
Cubic Global Tracking Solutions, the asset tracking and monitoring division of Cubic Corporation, has been awarded a contract of approximately $3.5 million from the U.S. Army to expand the use of Next Generation Wireless Communications (NGWC) services, which employs Cubic's wireless mesh network for yard management applications at three U.S. bases in Kuwait.
Japanese conglomerate Mitsui & Co will invest about $12 million in U.S. energy trading company Tres Amigas LLC. Tres Amigas is involved in a project to link North America’s three primary power grids - the Western Interconnection, Eastern Interconnection and Electric Reliability Council of Texas (ERCOT) - using smart grid technology.
San Jose, CA:
Telecom Council Executive Forum members, delegates and our invited experts go on the record with predictions for 2012, so take notes! We kick off with official predictions from experts from many telecom sectors who will share their views of what to expect for 2012. Then, we put the questions to you by asking you to enter your predictions in our survey. Your predictions are a contest entry, to see who gets bragging rights next year.
When major telecom players talk about M2M, the Internet of Things, and 50 billion connected devices by 2020, you'd better believe that cars are one of the hottest focus areas. Like phones, cars are very "personal devices", and they come with screen real estate, tremendous battery power, a captive audience…but also many safety constraints. Automobiles are starting to join the mobile Internet party.