LightSquared (Reston, VA, USA), a wholesale-only wireless broadband and satellite network provider, has closed on $586 million of debt, led by UBS AG and JP Morgan. LightSquared will use the proceeds of the financing for general corporate purposes, which include constructing its 4G-LTE network. Over the last seven months, the financially troubled company has raised more than $2 billion in debt and equity.
Just north of the US border lies the second largest country on earth. Canada’s population of 34 million is just over one tenth of the US population. In many ways, Canada is quite similar to the US. However, the mobile environment is quite different.
Canadians are still in the middle of the pack when it comes to mobile penetration. While the country was an early adopter of mobile technology, inexpensive land line phone services kept the growth of mobile at relatively modest levels throughout the 1990s. As of June 2010, Canadian wireless subscribers numbered 23.4 million.
Telecom Argentina (Buenos Aires), one of Argentina's top telephone companies, said on Tuesday its fourth-quarter net profit jumped 28 percent as the company's mobile phone and broadband sales expanded.
The company -- controlled by Telecom Italia -- reported a net profit of 512 million pesos ($124.7 million) for the last quarter of 2010, up from 399 million pesos a year earlier, according to a statement sent to the Buenos Aires Stock Exchange.
The figure came in a shade above the median forecast for a net profit of 500 million pesos, given in a Reuters poll of four analysts.
A new optimizer for mobile backhaul applications is said to double the amount of data standard networks can handle, allowing network operators to leverage existing networks for significant cost savings. The I-Gate 4000 from Dialogic Inc. (San Jose, CA USA) provides for voice- and data-stream optimization for 3G, 2G, and enterprise traffic, and is said to significantly improve the customer experience. The unit will be introduced at the upcoming Mobile World Congress In Barcelona.
IEEE (Piscataway, NJ USA) has announced that the final IEEE 1901 Broadband over Power Line (BPL) standard was finalized in December 2010 and is now available at its website. Sponsored by the IEEE Communications Society, this BPL standard is designed for use in a wide range of applications including smart energy, transportation and Local Area Networks (LANs) in both the home and the enterprise.
A Canadian regulatory ruling that effectively stops small Internet providers from offering unlimited downloading must be revised, Industry Minister Tony Celement said on the social networking site Twitter.
Consumer backlash against limits on Internet use have grown in the last week, after major Canadian carriers announced data caps around 25 gigabytes, down from previous typical ceilings of 250 gigabytes or more.
"True. CRTC must go back to the drawing board," Clement wrote late Wednesday when asked whether he would overturn the decision if the regulator does not back down.
The Indian Central Bureau of Investigation (CBI) has arrested former Telecoms Minister Andimuthu Raja over a massive graft scam, officials said, a huge blow for Prime Minister Manmohan Singh and efforts to pass bills in the parliamentary budget session. Raja belongs to a parliamentary ally of the ruling Congress party and his arrest may spark tension between coalition partners and galvanise an opposition that has blocked parliament since November to protest the scandal over mobile phone licences.
Vodafone (London) has named outgoing Philips Chief Executive Gerard Kleisterlee as its new chairman. Kleisterlee, who has spent his entire career at Philips, will take over from John Bond at Vodafone's annual general meeting later this year, 12 months after Bond endured a small rebellion over his role in the firm's strategy.
The largest and longest established telecoms event of the Middle East, GSM>3G Middle East Telco World Summit is back again for the 16th year in a row with brand new elements in the agenda and more interactive sessions than ever before. This year we are dedicating a whole day to LTE deployment scenarios and business models - as well as a whole stream discussing the enormous potential of the largest market of the Middle East - Iran.
ITU Telecom World 2011 is a forum for change. It's a place where the world's telecommunications leaders come together to map out and shape the future of the industry, to make the right decisions with significant impacts on our world. Geneva, CH http://world2011.itu.int/