Samsung to undertake a structural reorganization
Samsung has announced yet another dramatic reorganization, this time separating the corporation into just two units: Device Solutions, which handles semiconductors, and the SET Division, which includes the mobile, consumer and television businesses. The reorganization looks to be strategic, indicating a change in focusing on the highly successful semiconductor market. Consolidating the consumer electronics and mobile companies should assist to streamline the company’s overall operations and improve synergies across the many sectors.
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AT&T to upgrade US Coast Guard network
The Defense Information Systems Agency has selected AT&T to combine and enhance the US Coast Guard’s diverse data networks, awarding the company a $161 million, 11-year contract. AT&T will provide an IP-based Wide Area Network as well as ethernet, virtual private networking, private lines, fixed wireless, optical wavelength and commercial satellite connectivity to the Coast Guard. The contract was granted as part of the Enterprise Infrastructure Solutions (EIS) technology procurement program run by the General Service Administration.
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Sinch completes Pathwire takeover
The purchase of Pathwire by Sinch, a global supplier of cloud communications for mobile customers, has been finalized. On September 30, 2021, Sinch first announced that it had reached a deal to buy Pathwire. The transaction was financed through a combination of their own funding, equity and debt. Sinch paid the sellers a cash consideration of $925 million on the closing of the deal. Sinch will additionally grant the sellers a total of 51 million new Sinch shares, which will be issued and delivered in two tranches.
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Deutsche Telekom and partners to design the EuroQCI
Following the early results from research commissioned by the European Commission, Deutsche Telekom (DT) stated that it has defined the technical and security characteristics of the European Quantum Communication Infrastructure (EuroQCI). DT carried out research focussed on the deployment of a European quantum infrastructure with fiber-based terrestrial and satellite components. The company will create the network in collaboration with the AIT (Austrian Institute of Technology), Thales, Thales Alenia Space, and Telefonica Investigacion y Desarrollo, as well as academic associate partners and specialized enterprises.
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Ericsson to provide youth access to digital learning and skills
Ericsson has made a significant new commitment to empower one million children and young people by the year 2025 by providing them with digital learning, tools, content and development activities. Ericsson and its partners are dedicated to promoting digital inclusion as a prerequisite for achieving the United Nations’ Sustainable Development Goals (SDGs), so that an expanded audience may fully engage in the digital economy and society. Ericsson’s Connect To Learn project, which has benefited more than 200,000 children and young people in more than 25 countries across the world, will help to accomplish this objective.
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