Annual revenues from smart-city communications networks will exceed $3.5 billion by 2020, says Navigant Research in a new study.
According to the market-research company, smart-city networks are likely to generate $2 billion in revenues this year, as growing interest in the potential of M2M technology spurs technology adoption, and sales look set to continue growing over the next eight years.
M2M hardware player u-blox says its new 4G LTE module has been certified for use on the network of US telecoms giant Verizon Wireless.
The Swiss company says certification opens the door to the development of M2M services and applications that will function on one of the country’s biggest 4G networks.
Customers will from now on be able to design the TOBY-L100 LTE module – as it is called – into devices operating on Verizon’s (New York City, NY, USA) LTE system.
App-based ride company Uber will start delivering on its promise of expanding its business into logistics on Tuesday when it launches a trial courier service, Uber Rush, in Manhattan.
"Better, faster, cheaper," is how Uber's (San Francisco, CA, USA) general manager in New York, Josh Mohrer, described the service in a tweet to Reuters. Customers will be able to watch the progress of their packages in its transportation application, much as they can track the progress of the cars they order up on the service.
Reliance Jio Infocomm has announced another network-sharing deal with Reliance Communications (RCOM) in a further sign of improving relations between India’s Ambani brothers.
The so-called Master Service Agreement will give Reliance Jio (Mumbai, India) access to RCOM’s (Mumbai, India) nationwide inter-city fiber network, which it hopes will help to speed up its deployment of a 4G network across India.
Reliance Jio said the agreement was based on “arm’s length pricing at prevailing market prices”.
The United States on Friday criticized proposals to build a European communication network to avoid emails and other data passing through the United States, warning that such rules could breach international trade laws.
In its annual review of telecommunications trade barriers, the office of the U.S. Trade Representative said impediments to cross-border data flows were a serious and growing concern.
The European Parliament voted to end mobile phone roaming fees by 2016 and barred telecoms operators from prioritizing some Internet traffic over others, moves that will cheer Europe's consumers and frustrate industry seeking new forms of revenue.
In a session in Brussels, lawmakers backed telecom reform legislation that will phase out roaming fees across the 28-country European Union by December 2015, bolster consumer protections on mobile and broadband contracts and seek to make the sale of mobile licenses more uniform across Europe.
Vodafone Group Plc said on Thursday it would add 150 shops and create 1,400 jobs across the United Kingdom during the next 12 months in a 100 million pound ($166.33 million) investment.
The British group said the expansion is part of the company's plans to invest 1 billion pounds ($1.66 billion) in the United Kingdom in 2014 where it serves 19 million customers.
Vodafone (Newbury, UK) last year in June said that it would increase its UK expenditure by more than 50 percent to nearly 1 billion pounds.
Several prominent tech entrepreneurs have come together to form a new M2M company that aims to steal the initiative from network operators entering the M2M market.
Calling itself Senaptic (Cambridge), the UK-based organization has developed its own wireless technology, known as ultra narrow band, which uses spectrum in the ISM band and is incorporated in Apella, a suite of M2M packages that Senaptic is offering to specific vertical markets, including utility companies and municipal authorities deploying so-called smart-city infrastructure.
Nest Labs Inc, the maker of smart thermostats that Google Inc acquired for $3.2 billion, called a halt to all sales of its smoke alarms on Thursday after it discovered a possible defect that could cause users to turn it off unintentionally.
Nest co-founder and Chief Executive Tony Faddell said that, under a unique set of circumstances the alarm's "Nest Wave" feature, which allows a user to switch off the device with a wave of the hand, could be inadvertently activated.
Illinois energy utility Commonwealth Edison (ComEd) says its smart grid program has beaten the targets set for job creation in 2013, supporting a total of 2,871 full-time positions.
The positions included nearly 1,000 full-time jobs at the utility and its contractors as well as more than 1,800 roles it says were created “indirectly”.