Francisco Partners, a leading technology investment firm, has completed its investment in iconectiv, an independent subsidiary owned by Ericsson. As part of the investment, Francisco Partners invests US$200 million to acquire a 16.7 percent ownership in iconectiv. The partnership between Ericsson and Francisco Partners will enable iconectiv to accelerate growth and deliver shareholder value. Headquartered in the United States, iconectiv develops solutions that enable operators to interconnect networks. The company's solutions are used by more than 1,200 service providers, regulators,…
The Walt Disney Company has agreed to acquire majority ownership of BAMTech, LLC and will launch its ESPN-branded multi-sport video streaming service in early 2018, followed by a new Disney-branded direct-to-consumer streaming service in 2019. The company plans to end its distribution agreement with Netflix. Under terms of the transaction, Disney will pay $1.58 billion to acquire an additional 42 percent stake in BAMTech—a global leader in direct-to-consumer streaming technology and marketing services, data analytics, and commerce management—from MLBAM, the…
Ericsson has become a member of a consortium led by operator Zain Kuwait. The consortium will carry out a large digital transformation project for local utilities. The project will be completed by 2024 and as the sole technology partner, Ericsson will deploy a new smart metering solution. The Enterprise and Cloud Billing solution implemented by the consortium will make it easier for the Ministry of Electricity and Water to collect revenue and distribute energy consumption over time. It will also…

Asia Pacific OTT revenue to hit $24 billion by 2022

Written on Sunday, 06 August 2017 07:54
Asia Pacific OTT (over-the-top) revenues from TV episodes and movies on platforms such as Netflix will reach $24.41 billion by 2022, according to Digital TV Research, which is triple the $8.27 billion recorded in 2016. The total will increase by nearly $3 billion in 2017 alone, the report says. China will command half of the OTT revenues for the 22 countries covered in the Asia Pacific OTT TV and Video Forecasts report by 2022, increasing from just over a third…

ConsenSys Academy launches first global blockchain program

Written on Thursday, 03 August 2017 11:19
Global blockchain specialist firm ConsenSys is launching the first cohort of its ConsenSys Academy Developer Program on August 1st, 2017. The ConsenSys Academy Developer Program is a first-of-its-kind, end-to-end blockchain training program. It begins with Phase1, an immersive online module that will kick off with a welcome video from Joseph Lubin, the co-founder of Ethereum and founder of ConsenSys. High performing students will be invited to Phase2 of the program taking place in Dubai, the global hub for blockchain leadership…
The Nasdaq Stock Exchange in the US confirmed it has purchased a London-based regulatory technology firm called Sybenetix which uses artificial intelligence to catch rogue traders. Nasdaq said it will pay an undisclosed amount for the firm and said it intends to fund the purchase with cash. Nasdaq president and CEO, Adena Friedman, said in a release, “Nasdaq is investing in the technologies, talent and capabilities that solve the complex challenges our clients face.” Friedman added, “We believe behavioral science,…
Canadian telco TELUS and Nuage Networks from Nokia have joined forces to launch TELUS Network as a Service (NaaS), a new software-defined wide area network (SD-WAN) solution that enables businesses to virtually build, manage and cloud-optimize their networks quickly, easily and cost-effectively through a flexible self-serve platform. For Canadian businesses, establishing or expanding a network, or changing its configuration, can be a complex, expensive and time-consuming process. In fact, according to IDC Analyst Connection, 80 percent of Canadian organizations agree…
SAP is partnering with oil giant Saudi Aramco in creating a new solutions platform to enable Saudi Aramco to launch a digital business marketplace with thousands of Saudi Aramco buyers and suppliers in partnership with SAP Ariba. Saudi Aramco says the move forms part of its digital transformation strategy and will help it and its global subsidiaries to manage and simplify real-time collaboration between their buyers and suppliers. The deal will make it Saudi Arabia’s first company that will run…
Gulf Air recently revealed a cybersecurity step-change as part of an ongoing campaign to safeguard its operations and deliver industry-leading customer service. The national carrier of the Kingdom of Bahrain has reinforced its network perimeter to pre-empt and combat Distributed Denial-of-Service (DDoS) attacks, improve data centre and application-level security and further enhance data and access protection measures. A key component of Gulf Air’s DDoS strategy is the deployment of the F5 DDoS Hybrid Defender. Gulf Air was keen to select…
While 84 percent of global companies say that digital transformation is critical to their survival in the next five years, only three percent have completed company-wide transformation efforts, shows a new study from SAP. The study, supported by Oxford Economics, was released at SAP Leonardo Live, held July 11–12 in Frankfurt, Germany. Significantly, the results could spell possible peril for companies lagging in digital transformation: those that have embraced mass digital changes reported significantly higher levels of market share (85…
Huawei announced a partnership with digital money transfer service WorldRemit, making WorldRemit’s international money transfer service available to all partners of Huawei’s mobile money service platform across Africa. WorldRemit is a leading global provider of remittances, processing 74% of all international transfers to mobile money accounts coming from money transfer operators. The partnership, which was announced at the GSMA’s Mobile 360 conference in Dar es Salaam, Tanzania, enables Huawei to add a ready-made solution for remittances - a growing mobile…
Cybersecurity is once again under intense scrutiny and focus following a spate of recent hacking scandals and crises which have engulfed the ICT sector. The global ransomware attacks served only to show that many nations are still extremely vulnerable to cyber-attacks which can completely destabilize major organizations and institutions, such as the NHS in the UK, which is a high-profile victim of the recent ransomware attack. However, a survey conducted by the ITU on cybersecurity has once again unearthed some…
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