Australia's Telstra will sell its struggling New Zealand operations to mobile operator Vodafone in a $670 million deal, threatening Telecom New Zealand's dominance and potentially making it a future takeover target.
Under the sale, Vodafone New Zealand said it will acquire TelstraClear's (Wellington, New Zealand) fixed-line and Internet operations, which hold only 16% of New Zealand's broadband market but will now have the muscle to compete head-on with much larger Telecom.
As the global economy emerges from recession into a new period of growth, market data and analysis will become even more essential to companies seeking to compete on the global stage. According to a recent report by Global Information Inc., an information service company, telemedicine, teleradiology, and telemonitoring systems are poised for tremendous growth through the middle part of the decade.<?xml:namespace prefix = o />
Last week both Visa and MasterCard announced European mobile payments partnerships. On Monday, MasterCard announced that it has entered into a mobile payments partnership with Deutsche Telekom, while Visa announced on Friday that it had joined forces with Telefonica Digital to offer a similar service.
Worldwide IT spending is on pace to reach $3.6 trillion in 2012, a 3% increase from 2011 spending of $3.5 trillion, according to the latest outlook by Gartner, Inc.
Shares of Acme Packet Inc slid as much as 16% to their lowest in two years on Friday amid a broad selloff in the technology sector after the network gear maker forecast quarterly results that fell far short of expectations.
Rival Riverbed Technology Inc (San Francisco, Calif., USA) fell as much as 9%, while Juniper Networks Inc (Sunnyvale, Calif., USA) dropped as much as 4%.
Market research firm Infonetics Research released excerpts from its first quarter Femtocell Equipment market share and forecast report, which tracks femtocells by market segment, technology, and form factor. According to the report, following a 20% surge the previous quarter, global 2G and 3G femtocell revenue dipped 2.7% in 1Q12, even as femtocell unit shipments grew 14.0%
KPN is likely to pay less to shareholders and invest more in its telecoms networks after Mexican billionaire Carlos Slim took effective control, analysts said, in a strategy reversal intended to revive the Dutch company. America Movil, owned by Slim, acquired a 27.7% stake in KPN last week, becoming its biggest shareholder with effective control due to the low attendance rate at shareholders meetings.
According to a new report my Machina Research, machine-to-machine (M2M) communication in Smart Cities & Public Transport represents a sizeable opportunity for market players, and predicts the market will grow from 59 million connections in 2011 to 512 million in 2020.
This summer's Olympic Games in London will be the climax of several years of planning by various organizing committees, including LOCOG - the London Organizing Committee of the Olympic and Paralympic Games - the UK government-appointed organization tasked with preparing and staging the London 2012 Games.
Asked to predict future disruptive technologies and the next epicenter for innovation, technology executives worldwide believe that China and the United States will be at the forefront, with Cloud enabling both the next indispensable consumer technology and business transformation for enterprises.