Tag

investment

Browsing

Two Japanese telecommunications providers, SoftBank and KDDI, have drawn up a plan to invest a total of $38 billion in fifth-generation wireless networks in Japan over the next 10 years. The country is seeking to close the gap between itself and its neighbors, China and South Korea, who have taken the lead in rolling out this ultra-fast technology. The 5G technology is expected to provide a large-scale boost to the country’s economy, benefiting a variety of industries, from Internet services to the automotive industry. Currently, 5G coverage across Japan remains very limited, mainly focused on Tokyo and other major population centers. Both operators plan to invest $19 billion each. For Japan’s 5G network, SoftBank plans to build 350,00 base stations nationwide, of which 50,000 are expected to be completed by March of 2022, and 200,000 more by 2025. Meanwhile, KDDI, which currently has less than 10,000 base stations,…

Australia to invest a record A$1.35bn in cybersecurity The Australian government has announced an AUS USD 1.35 billion program to combat the rise in cybersecurity threats that have intensified in recent months. This initiative, named the Cyber Enhanced Situational Awareness and Response (CESAR) package, will seek to identify more threats, fight foreign cybercriminals and build stronger partnerships within the industry. The nation’s largest ever investment in cybersecurity will supercharge the Australian Signals Directorate (ASD) and the Australian Cyber Security Centre. Prime Minister Scott Morrison said, “My government’s record investment in our nation’s cyber security will help ensure we have the tools and capabilities we need to fight back and keep Australians safe.” Read more at https://tinyurl.com/ya8q3xsl India has banned TikTok, WeChat, and other China-based apps The Indian government has banned 59 Chinese-made apps, including TikTok and WeChat, over concerns that “they are engaged in activities which are prejudicial to sovereignty…

Ujet raises $55 million to expand cloud-based customer support platform Ujet, a leading provider of cloud contact center software, has secured USD 55 million in Series C funding to expand its sales and marketing teams at home and internationally, as well as launch new products and features. The San Francisco-based company already claims to have several high-profile clients, including Google, Instacart, and PayPal’s iZettle. Ujet enables customers to contact support teams through voice, email and messaging, and integrates smartphone cameras so they can easily submit photos and videos documenting problems. With this funding, the company is now well-positioned to capitalize on the increased demand for cloud-based contact center technology. Read more at https://tinyurl.com/y8ayek29 UK security officials tell telcos to stock up on Huawei gear – report The National Cyber Security Centre (NCSC) has suggested that UK telecoms operators stockpile critical equipment to ensure the sustainability of telecoms infrastructure, as political…

Facebook, telcos to build a huge subsea cable for Africa and the Middle East Facebook, together with a group of telecom companies, including Vodafone, Orange, STC, China Mobile International, MTN GlobalConnect, Telecom Egypt, and WIOCC, will build a subsea cable system that is claimed to be one of the largest in the world. The project is called 2Africa and will cover 37,000 km of cables interconnecting Europe (eastward via Egypt), the Middle East (via Saudi Arabia), and 21 landings in 16 countries in Africa. The system is expected to go live in 2023/4, delivering more than the total combined capacity of all subsea cables serving Africa today, with a design capacity of up to 180 Tbps. Read more at https://tinyurl.com/yahgfe8g Workvivo raises $16 million to reinvent the intranet in the age of Slack and Zoom The Irish startup Workvivo, an employee communications platform, has raised USD 16 million in a Series A…

Google rolls out BeyondCorp for secure remote network access without a VPN Google has launched BeyondCorp Remote Access, a new security service designed to provide remote access to internal systems without using a virtual private network (VPN). This new cloud-native security product is based on a “zero-trust approach” and is founded on a system that Google originally built for internal use almost a decade ago. Google said that when the number of remote connections suddenly increases, the VPN architecture may not be able to handle the load. BeyondCorp Remote Access includes a database of every device authorized to connect, a security certificate installed on that device, and integration with a human resources database containing information about usernames and group memberships. Read more at https://tinyurl.com/ya4hhtsk Zoom adds encryption as it passes 300 million daily users Zoom Video Communications has launched an update of its virtual meetings software, adding encryption and new…

Spanish wireless infrastructure giant Cellnex Telecom has acquired the Portuguese telecommunications tower and site operator OMTEL, owned by Altice Europe and Belmont Infra Holding. This agreement is worth around EUR 800 million, and the acquisition includes the projected deployment of 400 new mobile cell sites in the next four years, adding to the 3,000 sites that OMTEL currently operates in Portugal. Cellnex said that to facilitate the upcoming 5G roll-out in Portugal, the company has been rapidly expanding, and its build-to-suit (BTS) program could involve constructing a further 350 sites for third parties by 2027. The estimated investment for this BTS plan is expected to be EUR 140 million. The Spanish towerco anticipates that this acquisition will increase the company’s sales backlog by EUR 2.5 billion to EUR 38.5 billion. Tobias Martinez, CEO of Cellnex, said, “With OMTEL, we are not only integrating one of the leading independent…

Theatro, a Dallas based SaaS company, has announced that it has secured a strategic investment from Cisco Investments and Honeywell Ventures for its voice-controlled mobile platform that connects hourly employees to each other and to essential enterprise information. The world’s first voice-driven Intelligent Assistant platform is being offered as a ”hardware-enabled” software as a service solution, and is designed to provide deskless employees a “heads up and hands-free” connection to their corporate systems and management teams. Chris Todd, President and CEO of Theatro, said, “We are proud to have Cisco Investments and Honeywell Ventures join us in our journey as investors. Companies across a wide variety of industries are recognizing the significant customer experience and productivity benefits of a connected and engaged workforce. Our collaborations with Cisco and Honeywell ensure that Theatro will remain at the cutting edge of both networking and mobile standards and help us bring these…

Nokia has signed an agreement with the European Investment Bank (EIB) for a loan of 500 million Euros (572 million US dollars) to accelerate the development of cutting edge 5G technology. This loan, supported by the European Fund for Strategic Investments (EFSI), will present opportunities for the Finnish telecom equipment manufacturer to invest in the research, development and innovation of the soon-to-be telecommunication standard technology, thereby expanding the market and displaying the potential of 5G in Europe. “We have to understand that China and the US have moved fast with the 5G. It is very important to have European companies going in for this competition,” commented the EIB vice president Alexander Stubb in the online Finnish newspaper Helsingin Sanomat. While the specific uses for the funds have not yet been identified, it is clear that Nokia’s end-to-end network will greatly benefit from this loan by ensuring the connectivity and reliability…

Cisco Vice President Rob Salvagano recently announced plans for Cisco to acquire the cloud-base mobile platform provider, July Systems. July Systems specializes in location services for global enterprises. They collect and generate data-based insights by tracking customer movements within locations such as stores, malls, airports, stadiums and hotels, similar to the methodology used for  compiling online browsing information. Headquartered in California, US and with a Global Development Center in Bangalore, India, July Systems has already collaborated with Cisco for several years on their Connected Mobile Experience (CMX). “We plan to add July Systems’ platform and business context capabilities to provide a unified solution on which our partners and customers can build and deliver a range of indoor location services for industries as diverse as healthcare, government, logistics, manufacturing, sports arenas, hotels, education and retail,” explains Salvagano. July Systems was founded in 2001 by Rajesh T.S. Reddy with funding of USD…

With JPY 518.2 billion of value at the end of March 2018, the production of telecommunication material and devices wend down 24% year-on-year. The reason can be found in the constant relocation of factories, but also in the decrease of investments for this industry. The CIAJ (Communication and Information Network Association of Japan) stated that both business and infrastructure, whether it is landline or wireless, related equipments showed signs of lack of interest by investors. One figure represents this fall down: the production and trade of mobile terminal equipment dropped 39% in those 12 months with JPY 171 billion.