Displaying items by tag: agreement
US chipmaker Qualcomm has seen its shares prices soar on the New York Stock Exchange following the end to a long-running dispute between them and iPhone manufacturer Apple over patent license agreements.
The pair where set for another protracted legal battle in San Diego but managed to broker an agreement that satisfied both parties over royalty payments.
It has been reported that resolution deal between Apple and Qualcomm includes a six-year license agreement with the option to extend for two years, and a payment to Qualcomm from the US tech behemoth.
Qualcomm shares rocketed by 15.2% as news of the deal broke on Wall Street. Apple saw its share price rise by 0.7% although it was significantly less than that of Qualcomm. Dow member IBM saw its shares plummet by 4.6% after Q1 sales fell short of analyst projections.
The US economy has been under the microscope in recent weeks after some fiscal analysts had claimed it was slowing down. However, Wall Street stocks were mostly higher following better-than-expected Chinese economic data. China's first-quarter growth came in at above expectations at 6.4 percent following government stimulus measures, a report that eases concerns about slowing global growth.
US electronics behemoth Intel has made the decision to withdraw from the 5G smartphone modem business following the unlikely resolution agreement that was brokered between Qualcomm and Apple.
Apple and Qualcomm managed to settle the dispute between both parties over royalty payments and reached a deal ahead of fresh court case that was set to get underway in San Diego next week.
The modems that connect smartphones to telecommunications networks were at the heart of the battle between Apple and Qualcomm. Following the announcement the dispute had been resolved Intel wasted no time in exiting the 5G smartphone modem business.
Intel had clearly recognized and identified that there was an opportunity for them to capitalize on the dispute between Apple and Qualcomm, and then Apple had turned to Intel before reaching the agreement with Qualcomm.
The lawsuit was expected to be a protracted legal battle, but after the unlikely resolution it’s expected that Apple and Qualcomm will now become partners again before there fall out in 2017.
Intel issued a statement in which it indicated that it would complete an assessment of the opportunities for 4G and 5G modems in PCs, Internet of Things devices and other data-centric devices while pursuing investment opportunities in its 5G network infrastructure business.
CEO Bob Swan insisted that 5G will remain a key focus for the US electronics conglomerate and said its diverse portfolio of products will help them to become a major player in the 5G space.
Swan said, “5G continues to be a strategic priority across Intel, and our team has developed a valuable portfolio of wireless products and intellectual property. We are assessing our options to realize the value we have created, including the opportunities in a wide variety of data-centric platforms and devices in a 5G world."
The company also added that it would meet commitments to customers for its existing 4G smartphone modem product line, though it has no plans to launch 5G smartphone modem products, including those previously set to premiere in 2020
Currently under deployment, ultra-fast 5G wireless networks require terminals that are equipped with 5G models and specific network infrastructure.
Apple and US chipmaker Qualcomm will resume their long-running feud as a new court case between the two titans of American enterprise begins in San Diego next week.
The two companies have been embroiled in a bitter row over patent licensing practices for the best part of two years. Last month, a Californian jury ruled in favour of Qualcomm and awarded the company $31m after it found that Apple’s iPhone 7, 7 Plus, 8 and 8 Plus and X infringed two patents.
Apple has expressed its confidence that this new lawsuit in San Diego will rule in their favour as they seek damages of up to $27bn after accusing its one-time supplier of engaging in patent license practices that amounted to double-dipping.
Qualcomm on the other hand are claiming that the US technology behemoth forced some of it business partners to stop paying the company royalties and is seeking $15bn in damages.
The initial lawsuit was filed by Apple back in 2017, which forced the US chipmaker to counter-sue the iPhone maker and winning bans on the sale of some iPhone models in some markets for patent violations.
Qualcomm charges its customers for the chips themselves and also adds on patent licensing charges. It asks customers to sign an agreement before supplying any products.
Apple has termed this "no licence, no chips" policy a way of charging twice for the same thing. Along with its business partners, Apple is seeking an end to this practice and a refund of something in the region of US$9 billion.
This amount could be tripled if the jury comes to the conclusion that Apple's anti-trust allegations against Qualcomm are correct. Apple claims Qualcomm's practices kept rivals like Intel - from whom Apple is now sourcing chips - from competing in this sector for a long time.
Companies that are on contract with Apple, such as Foxconn, have paid the royalties to Qualcomm and been reimbursed by Apple. But Apple has pushed some of these firms to violate their contracts and deprive Qualcomm of about US$7 billion in royalties, the chip producer claims.
A victory for Apple will not mean much in terms of money but it would destroy a business model that Qualcomm has used with great success for many years.
A leading US consumer watchdog has voiced their concerns regarding the details of the proposed merger agreement between mobile operators T-Mobile US and Sprint.
The US government has confirmed that the proposed merger deal between telecommunication operators T-Mobile US and Sprint will undergo a forensic examination in an effort to determine whether or not the deal represents the best interests of consumers.
The European Union and Japan finalized common rules to protect personal information, and launched what they called the “world's largest areas of safe data flows”. Firms can transfer data now that the executive European Commission finds that Japanese law offers “a comparable level of protection of personal data,” the commission said.
“This adequacy decision creates the world's largest area of safe data flows,” EU justice commissioner Vera Jourova said, referring to an area of more than 600 million people. “Europeans' data will benefit from high privacy standards when their data is transferred to Japan,” the Czech commissioner said. “Our companies will also benefit from a privileged access to a 127 million consumers' market,” she added.
Jourova said the arrangement "will serve as an example for future partnerships" on data flows and set global standards.
The two sides cleared the final hurdle by agreeing on supplementary rules. These cover the protection of sensitive data, the exercise of individual rights and the conditions under which EU data can be further transferred from Japan to another third country.
Japan's independent data protection authority (PPC) and courts can enforce these rules covering Japanese firms that import data from EU.
Tokyo gave Brussels assurances that any use of personal data for law enforcement and national security purposes would be “limited to what is necessary and proportionate.” Access by public authorities for these reasons would be “subject to independent oversight and effective redress mechanisms,” the EU executive said.
The two sides agreed to a mechanism to investigate and resolve complaints from Europeans over data access that Japan's independent data protection authority will run and supervise. The decision complements the EU-Japan Economic Partnership Agreement, which takes effect in February to become the world's biggest trade deal.
US technology behemoth Apple has signed a new agreement with Samsung in relation to its streaming and content services in an effort to offset a decline in iPhone sales. The deal brokered between Apple and the South Korean conglomerate will enable the use of iTunes streaming services on Samsung smart TVs.
Chinese telecommunications vendor ZTE has announced that it has reached a deal with the US Commerce Department over the trade sanctions that threatened to put the powerful conglomerate out of business.
ZTE has vowed to clean up its act in light of the decision by the US after weeks of protracted talks between officials in Beijing and Washington. In April, the US Commerce Department prohibited the sale of crucial US components to ZTE for a period of seven years. It had found that the Chinese telecommunications colossus had failed to take the appropriate actions against its staff in relation to the trade violation it engaged in with Iran and North Korea.
ZTE chairman Yin Yimin said the company had to start holding the relevant people to account for the trade violations in 2016, and said the ban imposed in April highlighted the issues within its internal management systems.
In a statement released to Bloomberg, the chairman said, “We must deeply realize that this issue in essence mirrored problems in our compliance culture and management. We should hold relevant people accountable and avoid similar issues in the future."
It has been disclosed that part of the deal agreed between the US and ZTE will see the Chinese vendor pay a $1bn penalty, with another $400m in escrow to cover possible future violations. In addition to this, ZTE will also be forced to overhaul its entire board of directors and must hire outside legal compliance specialists who will in turn report directly to the Commerce Department for 10 years.
Once ZTE has executed these changes Washington will strike the company from a sanctions list. China's foreign ministry on Friday offered a muted response to the ZTE deal, but a spokeswoman added the following statement, "We also hope the US can provide a fair, equal and friendly atmosphere for Chinese enterprises' investments and operations there.”
Nokia and Australian telco Optus have signed a five-year agreement under which Nokia will manage and maintain key components of Optus' network infrastructure, operations and field maintenance. As part of the contract, Nokia and Optus will develop a Network Operations Centre (NOC), building on global best practices and leveraging local talent to deliver higher performance networks.
"We are pleased to work with Optus to help them use automation and other network management tools to further enhance the customer experience, operational capability and quality,” said Friedrich Trawoeger, head of Managed Services at Nokia. “This initiative is in keeping with Optus' vision to transform into a mobile-led, multimedia organization. We are leveraging the benefits of our unique Global Delivery Model, which brings together global expertise with local insights, to fully meet the needs of our customers."
Consumers are increasingly demanding faster networks and seamless connectivity, and operators need to keep pace with these demands without disrupting ongoing operations. To deliver on these growing needs while enhancing its services and ensuring operations efficiency, Optus will tap Nokia's Global Delivery Model to streamline its network operations. Nokia will also leverage its extensive global services expertise to help Optus bundle, standardize and automate its processes.
Optus will benefit from reduced operational complexity. Nokia will also work with Optus to review its network structure and operations periodically to ensure Optus' competitive advantage and ability to respond to customers' evolving needs.
Nokia will provide network operations and software services, and deploy robotics, artificial intelligence and extreme automation to help Optus standardize and scale its operations, while Nokia Field Services will manage all components of work associated with mobile base station equipment and facilities.
Italian operator Telecom Italia has announced that the Republic of San Marino will become the first country in Europe to have a 5G mobile network. Telecom Italia made the prediction following the disclosure of a memorandum of understanding (MOU) with government officials from San Marino.
In a statement issued to the press, Telecom Italia indicated that it plans to update mobile sites of its network with 4.5G in order to enable it to conduct trials on some features of 5G technology, such as evolved mast towers and carrier integration. The interim 3GPP standards for the revolutionary next-generation technology will be released in March 2018.
The Italian operator which is headquartered in Rome also disclosed its intentions to double the amount of existing mobile sites in San Marino, it also plans to install several dozen small cells in the innovative project which would make the microstate the first in Europe to have a 5G mobile network.
In a joint-statement in relation to the MOU between Telecom Italia and government representatives of San Marino, it said, “The particular geographical shape of this territory - and the distribution of its industries favor the use and development of innovative technologies. Thanks to this work, it will be possible to start the first testing of 5G technology on a national scale within the next year.”
San Marino is one of smallest countries in the world with a population of around 30,000 people. Some of the objectives of the project include a new mobile infrastructure with considerable transmission capacity that would be ten times that of 4G. The infrastructure would also be able to connect to large objects ahead of the 2020 deadline set by the EU.
According to Telecom Italia Mobile’s head of technology the scale of the project would see San Marino being established as the first 5G state in the world, which would place it ahead of technological superpowers such as South Korea and Japan. The race to deploy 5G continues to intensify between government bodies and operators.
Reports emerging from Italy suggest that the leading Italian operator has already begun installing 100 small cells in Turin as part of 5G network trials being led by the Italian government. However, it’s being suggested that it has more freedom to experiment in San Marino because there are fewer restrictions on the use of airwaves.
Earlier this month, a consortium of European operators including Telecom Italia expressed its desire to launch 5G services quickly. Industry analysts have predicted that the work currently underway in San Marino will be crucial to 5G in Europe.