In The Spotlight
Chinese electronics and software company Xiaomi has reportedly signed on bankers to support an expected initial public offering (IPO) which could value the company at $100 billion, Bloomberg said. Goldman Sachs and Morgan Stanely have been selected by Xiaomi, with Credit Suisse and Deutsche Bank playing a role, the report speculates.
Philippine telecom and digital services provider PLDT and its mobile unit Smart Communications announced a US$28.5 million partnership with global information and communications technology leader Huawei to transform the group's wireless service delivery platforms.
Japanese conglomerate SoftBank Group has moved swiftly to cool down speculation over reports claiming it is preparing to list its mobile unit on the stock exchange in Tokyo. Speculation has become so rife the company was forced to issue a statement concerning the potential IPO listing. In the statement released to the press, it reiterated that no decision has been formally made to officially proceed with the IPO listing of its mobile unit.
Continental, Ericsson, Nissan, NTT DOCOMO, OKI and Qualcomm Technologies, announced plans to carry out their first Cellular Vehicle-to-Everything (C-V2X) trials in Japan. The objective is to validate and demonstrate the benefits of C-V2X using direct communication technology defined by the 3rd Generation Partnership Project (3GPP) in their Release 14 specifications.
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.
The evolution to digital business strategies and an increased awareness of emerging cyber threats will boost global security spending by 8 percent in 2018 to reach $96.3 billion, research firm Gartner predicts. Yahoo’s recent shocking revelation that up to 3 billion user accounts were hacked in 2013 is a reminder to all organizations that security spending is a worthy investment.
NexNet Solutions, a leading telecommunications solutions and consulting firm in conjunction with its regional partner M800 Limited, has announced that its strategic alliance with Hong Kong based company aims to help and support operators to build their own OTT services and enable them to extended these services to B2B customers effectively.
Global demand for bandwidth continues to grow at a remarkable rate driven by the rise of capacity-dependent applications like live video, augmented and virtual reality, and 4K/8K video. International submarine cable systems are more important than ever, considering that the total carrying capacity of subsea cables is in the terabits per second, while satellites typically offer only 1000 megabits per second.