With the telecom trading market at a critical inflection point, there is tremendous demand for services causing a flood of new suppliers – all looking to make a quick profit. For buyers, this means an ever-increasing volume of services from which they can choose.
In 2009, the American Recovery & Reinvestment Act (ARRA) set aside $11 billion for smart grid investment. The U.S. Department of Energy (DoE) began distributing $3.4 billion of these ARRA funds in 2009 in the form of government grants, which were to be matched by $4.7 billion in private investment, according to the DoE. These grants were to be used for over 100 projects in 49 of 50 states, and the DoE immediately distributed $47 million to eight ongoing projects.
Solectria Renewables, LLC (Lawrence, Mass., U.S.A.), a PV inverter manufacturer, announced on Tuesday that it has been awarded a $2.1 million contract from the U.S. Department of Energy (DOE) to develop integrated smart-grid ready photovoltaic (PV) inverters with utility communications in partnership with the Electric Power Research Institute (EPRI), Detroit Edison, National Grid and Xcel Energy. The contract is part of the DOE's SunShot Initiative, which aims to accelerate the development of cost-competitive solar technologies, according to the company.
In 2001, with only five employees, IneoQuest endeavored to become a dominant video quality and service assurance provider and quickly plied its wares to several of the top 25 service providers in North America. As the firm enters its second decade of business, and with 142 employees, this Mansfield, Massachusetts, company rides a dramatic rise in the demand for video monitoring, reporting increased sales revenue of 400% in the last 5 years.
Shortly after the U.S. government moved to block AT&T’s (Dallas, Texas, U.S.A.) $39 billion deal to buy T-Mobile USA, a unit of Deutsche Telekom AG (Bonn, Germany), AT&T issued a statement making it rather apparent that the service provider did not know about the governments intensions beforehand.
In the statement AT&T says they are “surprised and disappointed” by the government’s actions, especially after AT&T met with the Department of Justice (DOJ), who gave no indication that an action was being considerate by the government.
On Monday, Orange Business Services (Paris, France) announced it will increase the capacity of its Latin American network by ten times due to growing demand from its multinational enterprise customers. According to the company, implementation will begin in October 2011, covering Brazil and Chile, followed by Argentina, Peru and Panama. The network, which now has a capacity of around 620 Mbps (megabits per second), will increase to 10 Gbps (Gigabits per second) in an expansion that has several phases, according to Orange.
The U.S. government filed to block AT&T's (Dallas, Texas, U.S.A.) $39 billion deal to buy T-Mobile USA because of anti-competition concerns, launching the biggest challenge to a takeover by the Obama administration.
A failed deal would be expensive for AT&T, which plans to fight the government's decision in court. It promised to pay a breakup fee worth an estimated $6 billion, including $3 billion in cash, spectrum and a roaming agreement for T-Mobile USA.
Google Inc's (Mountain View, Calif., U.S.A.) acquisition of Motorola Mobility Holdings Inc (Schaumburg, Ill., U.S.A.) will bring an unusual stable of tax and accounting benefits to the search-engine giant. The deal also underscores a trend by technology companies to snap up patents in a bid to stave off competitive threats and patent-infringement lawsuits. Google's patent portfolio is seen as one of the weakest in the industry.
Verizon Communications Inc. (New York) announced last week that it has acquired CloudSwitch, a provider of cloud software technology, in a deal that will simplify the move to the enterprise cloud and help to boost industry adoption, says the company Terms of the deal were not disclosed.
Verizon plans to combine CloudSwitch, a privately held company based in Burlington, Massachusetts, with its Terremark IT services subsidiary, which aims to enhance Verizon's hybrid-cloud and cloud-to-cloud capabilities, according to the service provider.