NTT Communications Corp said it will gain control of two U.S. cloud computing firms in takeover deals worth a combined 85.5 billion yen ($880 million), as Japanese firms ramp up efforts to improve overseas networks through acquisitions.
The unlisted long-distance and overseas calling unit of Nippon Telegraph and Telephone Corp (Tokyo, Japan) will buy Virtela Technology Services Inc (Greenwood Village, CO, USA), which provides communications services to corporations, and acquire an 80 percent stake in RagingWire Data Centers (Sacramento, CA, USA).
Programmable-chip maker Altera Corp forecast current-quarter revenue below Wall Street estimates, citing fewer orders for its telecom and wireless products, sending its shares down 5 percent after the bell.
Altera (San Jose, CA, USA), which also reported lower-than-expected sales for the quarter ended September 27, forecast current-quarter revenue to be down 3 percent to up 1 percent, compared with the third quarter.
That implies fourth-quarter revenue of between $432.5 million and $450.5 million.
Taiwanese smartphone maker HTC Corp has halted at least one of its four main manufacturing lines, accounting for at least a fifth of total capacity, and is outsourcing production as a sales slump puts pressure on its cash flow, according to sources with direct knowledge of the situation.
A Reuters reporter who visited an HTC (Taipei, Taiwan) factory at the company's former headquarters in Taoyuan, about an hour's drive from Taipei, saw loading docks shuttered and a sign on a locked lobby door that read: "Lobby is temporarily closed for use. Thank you for your cooperation."
M2M MVNO Wyless has agreed to acquire a majority stake in Brazilian M2M operator TM Data, expanding its footprint into what is widely regarded as one of the world’s fastest-growing M2M markets.
Wyless (Lawrence, MA, USA) did not disclose the financial terms of the deal but said it would establish the new brand of Wyless TM Data Brazil.
Telematics player Kore is now making its M2M services available over the network of UK network operator EE, allowing it to meet the needs of customers across a range of new geographical markets in Europe, Africa and the Middle East.
Kore (Alpharetta, GA, USA) first announced details of the partnership at the CTIA Wireless Show held in Las Vegas in May, saying the partnership would allow the companies to jointly explore M2M programs in a number of countries.
With the US wireless association CTIA changing venues and the timing of its shows, there was some trepidation about turnout for last week’s MobileCon event in San Jose, CA (USA), but returns beat expectations. Almost 1,000 people attended opening day keynote addresses, and an informal poll of over 80 exhibitors showed that they were satisfied with turnout at the SJ Convention Center. The M2M Zone of the expo was heavily trafficked, and some of the news items released at the show included:
Telekom Austria has ramped up its M2M activities with the launch of an application enablement platform for remote monitoring, automation and control.
Branded FLEXify, the cloud-based platform is intended to lower the cost and reduce the risk of launching M2M services and is to be offered in partnership with Austrian M2M specialist Microtronics Engineering (Ruprechtshofen, Austria).
M2M module maker Novatel Wireless has announced a major new contract with telematics player DigiCore under which its devices will be used to support vehicle usage and driver-behavior monitoring applications.
The deal will see DigiCore (Centurion, South Africa) include Novatel’s (San Diego, CA, USA) platform in its range of Ctrack-branded telematics services, initially to support insurance-based offerings.
The market for small-cell backhaul in outdoor settings is poised for rampant growth next year, according to a new study from Infonetics Research.
Operators are increasingly looking to small-cell technology to plug gaps in existing coverage and boost the capability of their networks.
Pressure on current investments is growing as consumers rush to adopt new smartphones and other devices that can be used to access high-speed internet services.
Mobile operators need to give up their habit of subsidizing mobile devices, according to a new study from ABI Research.
The report claims that operators are not reaping any return on the investments they are making to lure customers on to more expensive smartphone tariffs.
Indeed, according to ABI, the over-the-top providers are the ones that are benefiting from operators’ largesse as they take revenue share.