Telecom news

• Verizon drops $2.4bn to build presence in telematics segment

  01-08-2016 16:32
  
  Verizon is trying its best to prove the US telco market is still cash-rich as the country’s market leader broke out the cheque-book to acquire Fleetmatics for $2.4 billion.
  Share price in the Irish fleet management company increased by roughly 40%, as Verizon seemingly continues on its journey to diversify its business offering. The news comes only a month after Verizon announced it acquired Telogis for an undisclosed amount. Although the telco has been relatively slow to mobilize in the c
  
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• SK Telecom outlines IoT strategy and plays up IPTV performance

  01-08-2016 15:07
  
  SK Telecoms has outlined its IoT strategy focusing on energy, public services, manufacturing, autonomous vehicles and the connected home.
  Speaking during its quarterly earnings call, the Korean telco has big ambitions for the industry sub-sector, which it believes will be worth in the region of $12.6 billion by 2020. Energy, public services, manufacturing and autonomous vehicles will be the long-term objectives of the business, however the team has already launched a number of connected home ini
  
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• Global tablet market shrinks as Chinese vendors gain ground

  01-08-2016 13:19
  
  The global tablet market slowed down in Q2 2016, with Chinese vendors slowly gaining ground on leaders Apple and Samsung.
  Much like the smartphone market at present, Chinese device manufacturers are chipping away at market leaders Apple and Samsung in the tablet space. According to Strategy Analytics’ numbers, unit sales in the tablet market declined 8% year on year to 46.7 million; with Huawei and Lenovo the only two vendors in the market to grow their market share. While White Box, Apple
  
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• Quortus expands into new HQ to support growing global demand

  01-08-2016 13:00
  
  New location will cater for growing team and customer base at leading telecom software companyCamberley, UK 1st August 2016 - Quortus has today announced the relocation of its corporate headquarters and main engineering center to a state-of-the-art facility in Camberley, 50km south-west of London, UK. The new location will accommodate continuing growth of the Quortus development, support and commercial teams, as well as providing a presence close to London, the telecom research and development f
  
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• iQIYI, Tinder and YouTube charge up download rankings

  01-08-2016 12:29
  
  App Annie has released its monthly Index which shows the popularity of dating app Tinder is once again on the rise, YouTube is climbing the content ranks and online video platform iQIYI is fast catching category leaders.
  The App Annie Index highlights the top-performing games and apps for the iOS App Store and Google Play, states online video platform iQIYI has re-entered the top 10 for revenues over June, and has continued to demonstrate strong growth. Last month it announced it had surpassed 2
  
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• Ofcom targets simplified switching between UK operators

  01-08-2016 11:50
  
  Ofcom has opened a consultation period to determine the future of internet and mobile switching for customers in the UK.
  In what could be considered a retroactive approach to switching, regulations at present require all customers to discuss cancellation with their existing provider over the phone before being able to switch to another telco. With telcos exploring new digital channels for customer engagement, such as WebRTC and A2P messaging, conducting cancellation over the phone is something o
  
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• Uber launches own mapping technology to drive towards autonomous vehicles

  01-08-2016 11:03
  
  Uber has announced plans to ‘double-down’ its investments in digital mapping technologies to decrease its reliance on external sources and create a route into the autonomous vehicles sub-sector.
  The move comes after the team announced a $3.5 billion investment from Saudi Arabia’s Public Investment Fund, though possibly wouldn’t come as a surprise though who keep an eye on industry hires. Last year, the team hired Brian McClendon, a former Googler who was part responsible
  
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• The Telecoms.com Podcast: Money talks, buzzwords walk

  01-08-2016 10:34
  
  Download now or subscribe on iTunes here for the latest podcast every week: https://itunes.apple.com/gb/podcast/a-week-in-wireless-podcast/id1124414975?mt=2
  And in case you missed it, here’s another chance to check out last week’s edition of AWIW: A Pokémoan
  
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• Verizon agrees $2.4bn deal for Fleetmatics

  01-08-2016 02:00
  
  U.S. telco buys another fleet management firm just days after completing Telogis acquisition.
  
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• US telcos file fresh net neutrality appeal

  01-08-2016 02:00
  
  Lobby groups petition appeals court for full rehearing in latest challenge to Title II reclassification.
  
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• Uber China to merge with rival Didi Chuxing

  01-08-2016 02:00
  
  Combined business reportedly worth $35 billion.
  
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• Telecom Egypt to launch 4G services in about a year

  01-08-2016 02:00
  
  Board gives initial OK to acquisition of 4G licence, telco says it will need a year from obtaining licence to roll out services.
  
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• Nokia closes Gainspeed deal

  01-08-2016 02:00
  
  Finnish vendor finalises acquisition of U.S.-cable infrastructure firm in under two months.
  
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• Hutch confirms court appeal against O2 UK deal block

  01-08-2016 02:00
  
  Hong Kong telco's European division challenges European Commission's decision to stand in the way of its O2 UK acquisition.
  
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• Globe targets 95% mobile coverage by end of 2018

  01-08-2016 02:00
  
  Filipino operator submits three-year rollout plan to telco watchdog.
  
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• Brussels set to OK Vodafone, Liberty Global merger

  01-08-2016 02:00
  
  European Commission due to rule on Netherlands merger later this week, positive outcome looking likely.
  
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