Displaying items by tag: investment
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.
Alphabet Inc. has announced it will invest more than $1 billion to build a new campus in New York.
The parent company of Google plans to make the Hudson Square site its primary global business hub; with new office space in Lower Manhattan, and new property at 550 Washington Street.
The 1.7 million square-foot campus is set to double its staff numbers within a decade.
Earlier this year, the tech giant spent $2.4 billion buying New York City’s historic Chelsea Market, with plans to add a community space, winter garden and a public water taxi landing. It closely resides to their 111 Eighth Avenue headquarters, which they purchased in 2010.
“New York City continues to be a great source of diverse, world-class talent—that’s what brought Google to the city in 2000 and that’s what keeps us here,” Says Ruth Porat, SVP and CFO of Google and Alphabet, on a blog post.
"It's now home to more than 7,000 employees, speaking 50 languages, working on a broad range of teams including Search, Ads, Maps, YouTube, Cloud, Technical Infrastructure, Sales, Partnerships and Research."
Fellow tech titan Amazon Inc. is also set to invest $5 billion in real estate across two new headquarters for their HQ2 project. It hopes its Long Island City site will create a further 25,000 new jobs in New York and North Virginia.
Nokia and China Mobile Research Institute today launched the industry's first hybrid indoor radio solution with location services to meet 5G connectivity demands inside busy large buildings such as business campuses and shopping malls. The jointly developed 5G hybrid distributed indoor system is aimed at lowering operators' deployment costs.
TELUS Corporation today released its unaudited results for the third quarter of 2018. For the quarter, the operator consolidated operating revenue of $3.8 billion increased by 11 per cent over the same period a year ago.
This growth was driven by higher wireless network and equipment revenues, wireline services revenue growth and higher other operating income resulting from our share of the non-recurring equity income related to real estate joint ventures of $171 million arising from the sale of TELUS Garden. Excluding this equity income consolidated operating revenue increased by 5.8 per cent.
Earnings before interest, income taxes, depreciation and amortization (EBITDA) increased by 8.2 per cent to $1.3 billion due to higher revenue growth as referenced above and improved wireless equipment margins.
This growth was partly offset by incremental employee benefits expense due to recent business acquisitions and increased costs to support our growing customer base. Adjusted EBITDA was up 6.4 per cent when excluding the net gain from the sale of TELUS Garden, as well as restructuring and other costs, which included our committed donation of $118 million to the TELUS Friendly Future Foundation.
“TELUS reported strong operational and financial results for the third quarter, including robust customer growth across both the wireless and wireline segments of our business. This was buttressed by a continued excellent performance in wireless and wireline customer loyalty and lifetime revenue,” said Darren Entwistle, President and CEO. “Importantly, the TELUS team continues to achieve industry-leading postpaid wireless churn, and realized record third quarter high-speed Internet and TV retention levels. This performance was driven by our team’s relentless focus on providing exceptional customer experiences, and was anchored by the ongoing generational investments we are making in our leading broadband wireline and wireless networks, both of which are hallmarks of TELUS’ successful, long-term growth strategy.”
Mr. Entwistle added, “The efficacy of our broadband technology investments is reflected in TELUS, once again, being named as having the fastest mobile network in Canada by PCMag. This repeat acknowledgement builds on our outstanding record of achievement with respect to network excellence, having already earned the top spot in all major mobile networks reporting this year, including Ookla, J.D. Power and OpenSignal. These leading network rankings, each received consecutively for two or more years, reinforce the consistent superiority of TELUS’ broadband networks available to citizens across the country.
Mr. Entwistle further commented, “Our dividend increase announced today, on the back of our 41 per cent free cash flow growth, reflects the sixteenth increase since 2011, and is the fourth in our most recent three-year dividend growth program, targeting annual growth between seven and 10 per cent through 2019. This builds on our proven track record of providing investors with the industry’s best multi-year dividend growth program, which continues to generate significant value for our shareholders. Notably, TELUS has now returned $16 billion to shareholders, including $10.8 billion in dividends, representing $27 per share since 2004. We look forward to updating investors on the progression of this program at our 2019 annual general meeting.”
Doug French, Executive Vice-president and CFO said, “For the third quarter of 2018, TELUS delivered positive operational and financial results, reflecting the strength of our multiple product and valued service offerings, our commitment to customer service excellence and our network superiority. Our strategic capital investments are clearly paying off, as evidenced by our strong subscriber and loyalty results, and position us to maintain our network leadership as we progressively move towards the arrival of 5G.”
Mr. French added, “As we head into the seasonally important final quarter of 2018, we remain focused on executing against our strategy, amplifying our efforts on cost efficiency, focusing on margin accretive customer growth and investing to support our growth strategy. Today we are raising our full year 2018 assumption for restructuring and other costs, including an additional $50 million targeted towards further streamlining our business and enhancing our effectiveness in serving our growing customer base. This additional investment in restructuring, to be recorded in the fourth quarter of 2018, is expected to deliver annual cost savings of more than $50 million beginning next year. Meanwhile, our net debt to EBITDA leverage ratio continues to improve, putting us in good position for 2019.”
The Next Generation Mobile Networks (NGMN) Alliance - which drives and guides the development of all future mobile broadband technology with a focus on 5G - has published its three deliverables on 5G Extreme Requirements entitled “Operators’ views on fundamental trade-offs”, “RAN Solutions”, and “End-to-End considerations”, respectively.
Compiled by the Alliance’s 5G Extreme Requirements task force, the papers aim to highlight what implications and trade-offs related to the delivery of new 5G services are relevant for mobile network operators.
Ilaria Thibault, task force lead and Principal Researcher at Vodafone commented: “We are very excited to reveal the findings of the outcome of the Extreme Requirements task force, which was to really strike at the heart of what needs to be assessed before the world embarks on advanced 5G services.
This work quantifies and analyses the coverage impact of delivering new extreme 5G services (Ultra-reliable and Low-latency – URLLC) for the radio access network with a theoretical analysis, system-level simulations, and field trials. End-to-end deployment guidelines for meeting extreme requirements at a service level are also provided. Among these guidelines, techniques such as path redundancy and new transport-layer protocols are discussed to improve end-to-end latency and reliability.
For latency-critical services, interworking between the Non-3GPP processing delays and 3GPP processing delays has been assessed.”
CEO of the NGMN Alliance Peter Meissner added: “Our task force has highlighted several key challenges that are crucial to the future of 5G’s connectivity path - and how the industry needs to adequately deal with these. Consequently, this year’s NGMN Conference & Exhibition will see us run a special session where operators are set to share results from their 5G tests, trials and first user experience. Our aim is to uncover the new use cases of 5G and how they will be leveraged in the next few years.”
To support the accelerated build out of 5G in the United States, European telecommunications vendor Ericsson will increase its investment in the market. This series of strategic initiatives will allow Ericsson to operate even closer to its customers, meeting the growing demand for 5G globally and in the region.
The investments will fall into two categories: 1) increase research and development work done close to customers in the US and 2) increase flexibility to shorten the timeline for new product introduction and product delivery to customers. This will enable Ericsson to recruit new expertise from the US, complementing the company’s existing highly-skilled employees in the region.
Börje Ekholm, President and CEO of Ericsson, says: “The United States is our largest market, accounting for a quarter of Ericsson’s business over the last seven years. To serve the demand of these fast-moving service providers, we are strengthening our investment in the US to be even closer to our customers and meet their accelerated 5G deployment plans.”
Ericsson predicts that 5G subscriptions will reach the 150 million-mark, accounting for 48 percent of all mobile subscriptions in North America by the end of 2023.
Increase R&D in the US:
In late 2017, Ericsson opened the Austin ASIC Design Center in Austin, Texas, to focus on core microelectronics of 5G radio base stations to accelerate the path to 5G commercialization. The 1,400-square-meter facility (15,000-square-feet) will have 80 employees once fully staffed.
Ericsson will also open a new software development center with baseband focus in 2018, employing more than 200 software engineers once fully operational. This facility and its employees will further strengthen Ericsson’s 5G software development. Baseband provides intelligence to the radio access network. It is also the interface between the core network and radio units, processing and forwarding voice calls and internet data to end users.
Beginning in 2019, both of these facilities will introduce 5G products and software features into the Ericsson portfolio, and will be available for customers globally, including in the US.
Additionally, Ericsson will increase its investment in Artificial Intelligence (AI) and automation, employing around 100 specialists in North America by the end of 2018. This team will work on utilizing AI technologies to accelerate automation, examine product road maps and explore new business opportunities. They will focus on boosting the company’s current portfolio, strengthening customer engagements and promote innovation of new disruptive business opportunities.
New product introduction and manufacturing in the US:
To increase flexibility in bringing new products into the market, Ericsson will recruit a dedicated team to work specifically on introducing products for the US market, conducting production engineering, testing/integration and supply preparations on early prototypes. This will be done in close collaboration with US-based R&D resources.
To make 5G products available to customers as fast as possible, Ericsson will also begin manufacturing in the US in the fourth quarter of 2018. This will enable Ericsson to operate closer to customers -- providing volume production of next-generation radios and the fast introduction of new products into the US market. Initially, Ericsson will work with a production partner and the first radios for the US will be produced before the end of 2018.
AT&T and Nokia are teaming up to provide virtually seamless Internet of Things (IoT) connectivity around the world. The companies are using Nokia’s Worldwide IoT Network Grid (WING) to offer AT&T’s enterprise customers the benefits of Nokia’s global IoT ecosystem. These include core network, dedicated IoT operations, billing, security, data analytics, and more.
AT&T and Nokia will develop, test and launch the next generation of IoT services. They’ll cover a wide range of industries including transportation, health, manufacturing, retail, agriculture, utilities, consumer electronics and smart cities.
Commercial deployment starts later this year. WING’s core network assets are expected to be available in more than 20 countries across Europe, Asia, North America, South America, and the Middle East by the first quarter of 2020. The collaboration will help set the stage for the evolution to global 5G.
Together the companies can help enterprise customers:
- Bring more capabilities to more places with increased performance and flexibility, lower latency, and enhanced platform capabilities.
- Address specific business requirements through capabilities like 5G network slicing that allows a single network to be partitioned into multiple networks.
- Meet local regulatory requirements for IoT devices.
“Our work with Nokia WING will help clear away the complexity of large-scale IoT adoption so that our customers can unlock the potential of IoT worldwide,” said Chris Penrose, President, Internet of Things Solutions, AT&T. “Boosted by Nokia’s globally deployed ‘one-stop shop’ network technology, we can be more nimble and responsive to our customers’ needs.”
“This collaboration proves our commitment to the global IoT market, providing seamless connectivity across geographical borders and technologies,” said Sanjay Goel, President of Global Services at Nokia. “With AT&T’s leading position in IoT and proven experience meeting real customer needs, we have a winning combination to bolster our global IoT capabilities.”
AT&T offers global IoT solutions through a combination of owned and third party-provided capabilities that enable superior network performance in more than 200 countries and territories. Connected devices are deployed and controlled easily and quickly in multiple countries using a single, global SIM.
AT&T’s cloud-based Multi-Network Connect platform will simplify connectivity and platform capabilities for AT&T’s use of Nokia WING. Multi-Network Connect lets businesses manage IoT devices across multiple cellular and satellite networks, operators and regions through a single portal.
Nokia WING offers a fully integrated, global managed service for IoT connectivity enablement for mobile network operators, providing innovative features, optimizing investments and reducing time to market. Working with WING, AT&T will speed the delivery of IoT services on a global scale and drive emerging IoT applications.
Ooredoo announced that the company has reached another world-first milestone, with the delivery of the first live 5G home broadband devices.
The devices, which are currently being tested on Ooredoo’s 5G network before distribution, will work on both the Ooredoo 4G and 5G network and can achieve speeds of up to 2 Gbps, that’s 20 times the speeds of Ooredoo’s 100Mbps fibre.
With an Ooredoo 5G connection via the 5G home broadband device, Ooredoo customers will be able to download movies in seconds, seamlessly stream VR gaming experiences and video call like never before.
The company has announced that currently there are only a few 5G home broadband devices in the world, however Ooredoo is working to acquire more stock in the very near future. As commercial production increases alongside the 5G roll-out, Ooredoo will aim to ensure Qatar is the first country to enable this next-generation technology for its customers.
Talking about the milestone, Waleed Al Sayed, Ooredoo’s Chief Executive Officer, said: “Ooredoo is ecstatic to announce that last night, we became the first in the world to have a live commercial 5G home broadband device. This is another amazing world-first milestone for Ooredoo and Qatar and demonstrates that we are on track to offering 5G mega speeds for everyone in the very near future. I look forward to seeing how this technology will benefit all sectors in Qatar, from businesses, to education and beyond.”
Since the announcement of the first live 5G network in May 2018, Ooredoo has begun an intense 5G network roll-out plan across Qatar, with the aim to update 100 network stations to 5G, in the 3.5GHz spectrum band, within the next three months.
The current live 5G sites, which include West Bay and Katara, have demonstrated an impressive speed of 2.51 Gbps with an extremely high throughput and low latency. Thanks to these results, Ooredoo is working to find 5G compatible devices from across the world to test them on the network, including next-generation Internet of Things applications such as smart cars, VR, AR and drones.
European mobile operators have blasted the decision by the EU to place a price cap on intra-EU phone calls. The decision has been hailed by MEPs as a victory for Brussels, but critics of the decision have labelled it a populist stunt and a political smokescreen.
European operators said the decision was being used to deflect attention away from the failure by politicians in Brussels to agree on far more critical measures that are required to be implemented in order to facilitate the much-needed investment for 5G and other high-tech innovations.
Telecoms lobbying group ETNO said the European Commission had missed a ‘once in a decade’ opportunity. In a statement released to the press, ETNO said, “The main aim of the original proposal by the European Commission was to significantly improve the investment climate for rolling out new networks and to empower users of all communication service. This ‘once in a decade’ opportunity has been missed.”
This latest decision by the EC comes just twelve months after the ‘free roaming’ revolution which allowed Europeans to be charged the same amount to call, text, or use the internet when travelling in other EU nations as they would be at home.
In the latest measure, it has been disclosed that mobile or fixed-line phone calls from an EU home country to another bloc member will now be capped at 19 euro cents ($0.22) per minute and six cents per text message.
MEP, Pilar Del Castillo, who negotiated on behalf of the European Parliament, expressed his delight that the decision to put a price cap on calls was rubberstamped - and said companies should not be allowed to charge excessive fees to users when making calls to other EU member states.
He said, “We agree that companies cannot charge excessive fees to users when they call or send an SMS from their home country via mobiles or landlines to another EU Member State. The cap came after 12 hours of talks between the EU Bulgarian Presidency, the European Commission and the European Parliament and will now need signing off by the bloc's 28 member states.
But the limit, which was part of a wide-ranging telecoms package, comes as an increasing share of inter-EU communication takes place via mobile apps such as WhatsApp, iMessage or Skype.
The city of Dallas, Texas, has selected Ericsson to install and host an Advanced Traffic Management System (ATMS) based on Ericsson’s Connected Urban Transport solution. The city’s vision for the traffic system is an intuitive and easy-to-use interface that automates and facilitates system monitoring, management, maintenance, and performance monitoring across departments, as well as between cities and counties.
The Connected Urban Transport solution will give Dallas and adjacent cities the ability to aggregate and analyze diverse, real-time data from traffic sensors and cameras to dynamically control traffic lights, school flashers and message signs. The solution will allow Dallas to expand its knowledge about traffic issues and assist with operational decision-making to improve traffic flow.
“The smart way to becoming a Smart City is the intentional focus on making data actionable,” said William Finch, Chief Information Officer for the City of Dallas. “Ericsson’s solution offers a lot of potential through the modernization our traffic management technology. It is from this technology that we will derive more robust data that leads to greater business intelligence, which in turn enhances our application.”
The main features of the system include an ecosystem to share data and system services with other organizations in a controlled way – to increase collaboration and empowerment of other departments, travelers and transport service providers; and a dashboard to have one central overview, across agencies, of the status of all systems – for quick troubleshooting
The main features of the system also include key performance indicators (KPI’s), to monitor and track the city’s goals and suppliers’ performance – for performance and contract management; and automation, where one system can trigger or notify another system when thresholds are violated – for faster responses and reduced workload.
“The quality of a community’s transportation infrastructure is a major factor in business and industry investment decisions,” said Jeff Travers, Head of IoT, Ericsson. “The Dallas metroplex is one of the fastest growing areas in the country. Our Connect Urban Transport solution will enable the city to manage growing traffic and increase driver safety more efficiently and at lower cost.”
Implementation began at the end of 2017 and the system will be fully operational by 2020, according to Ericsson.