Ericsson has announced the sale of its US subsidiary iconectiv to Koch Equity Development for $1 billion. This transaction, anticipated to complete in early 2025, underscores Ericsson’s strategy to streamline its core offerings. Iconectiv, renowned for number portability solutions, will continue expanding under its new ownership.
The UK’s Competition and Markets Authority (CMA) has initiated an investigation into Hewlett Packard Enterprise’s (HPE) proposed multi-billion-dollar acquisition of Juniper Networks. This initial phase of the probe, announced on Wednesday, aims to determine if the merger could lead to a significant reduction in competition within the UK market for goods or services.
In collaboration with the i2CAT Foundation, Vodafone is advancing an automated multi-vendor management system tailored for Open RAN. This initiative aims to streamline the integration of diverse hardware and software components from multiple vendors, a key feature of Open RAN technology.
Google Fiber (GFiber) is expanding its Nevada network to include the City of Las Vegas, following its initial foray into the state earlier this year. In February, Clark County approved a franchise agreement, facilitating GFiber’s network deployment in the region.
AT&T has finalized the sale of its cybersecurity division, marking a pivotal moment in the company’s strategic realignment. The division has been transitioned into a new independent entity known as LevelBlue, backed by majority owner WillJam Ventures. This move sees LevelBlue emerge as a standalone managed cybersecurity services business with a global presence spanning 10 countries and boasting a workforce exceeding 1000 employees.
Indonesian telecom operator Indosat Ooredoo Hutchison has unveiled impressive financial results for the first quarter of 2024, alongside highlighting strategic partnerships with global tech giants Nvidia, Cisco, and Mastercard. In Q1, Indosat recorded total revenue of $873 million, marking a robust 15.8% year-on-year increase. Earnings before interest, taxes, depreciation, and amortization (EBITDA) surged by 22.1%, with an EBITDA margin of 47.0%, while net profit soared by 39.4% to reach $82 million.
Virgin Media O2 (VMO2) has unveiled a groundbreaking service named ‘smart support’ aimed at automatically monitoring and resolving home network issues for broadband customers. Leveraging Cisco ThousandEyes technology, the innovative system will debut with 300,000 Virgin Media broadband users, with plans for a comprehensive rollout in the future.
Several major technology companies have joined forces to establish The AI-Enabled ICT Workforce Consortium, aimed at enhancing skills and knowledge among tech professionals facing potential disruption from artificial intelligence (AI). Notable participants include Cisco, Accenture, Eightfold, Google, IBM, Indeed, Intel, Microsoft, and SAP, supported by key industry and labor organizations.
GoTo’s Miradore Premium+ is a new subscription tier designed for growing businesses, offering enhanced MDM capabilities. CallTower introduces CT Text with MMS and SMS features in Cisco Webex. NGMN’s report underscores the necessity of industry-standard measures for tracking energy consumption in virtualized mobile networks. Casa Systems is selling its Axyom business to Lumine Group and its cable interests to Vecima Networks due to reduced capital spending.
The latest report from Cisco (NASDAQ: CSCO) reveals a stark reality: only a mere three percent of organizations worldwide possess the necessary level of readiness to combat modern cybersecurity risks effectively. Released today, the 2024 Cybersecurity Readiness Index underscores a notable decline from the previous year, where 15% of enterprises were classified as mature in their cybersecurity readiness.
