After months of devastating setbacks, wireless network startup LightSquared is considering filing for bankruptcy, according to founder and hedge fund manager Philip Falcone on Wednesday.
Falcone, who’s Harbinger Capital Partners is majority owner of the wireless startup, said bankruptcy could help salvage LightSquared (Reston, Va., USA) by providing more time to deal with its many problems, reports Reuters.
British chip designer ARM Holdings said on Tuesday it was linking up with SIM card manufacturer's Gemalto and German technology firm Giesecke & Devrient to increase security for services running on smartphones and tablets. The companies said the joint venture would drive adoption of a common security standard in mobile devices, such as smartphones using Google's Android operating system.
On Monday, Deutsche Telekom’s IT subsidiary T-Systems announced the signing of a seven-year cloud contract, worth more than $213 million, with British American Tobacco.
The software revolution sparked by mobile apps and marketplaces is now spreading to business users, particularly small and medium-sized businesses (SMBs). Developers are creating an increasing number of sophisticated, cloud-based business applications that can be used to manage everything from email marketing and web conferencing, to project management and security.
Smart Cities are potentially the next sizeable economic opportunity, not only for operators, but also for city governments. Cities of all sizes, ranging up to eight million people, have been testing and deploying smart applications and services to increase efficiencies and improve the quality of life for residents and businesses. Small cell network technology can be deployed to build a sphere of wireless coverage encompassing entire segments of a city, including indoor facilities and other venues that often fall into coverage gaps or are just too costly for macro network deployment.
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.
The European Commission and European lawmakers and governments reached an agreement to reform mobile roaming fees, allowing consumers to pay less for calls, texts and mobile web services when travelling abroad, in a measure that could hit telecom industry profits.
The deal announced on Wednesday is expected to be approved by the European Parliament in May and would take effect in July.
On Tuesday, Vodafone Hungary announced it will move to an IP/Ethernet-based infrastructure and expand its geographic coverage in Hungary. The service provider chose Tellabs to modernize its current mobile backhaul network.
On Wednesday, market research firm Infonetics Research forecasted that the global small cell market will be worth $2.1 billion in 2016, with about 3 million small cells shipped.
Australia has blocked China's Huawei Technologies Co Ltd from tendering for contracts in the country's $38 billion National Broadband Network (NBN) due to cyber security concerns, Huawei said on Monday.