Finnish telecommunications colossus Nokia has announced the launch of a number of innovative services aimed at solving the challenges of urbanization which major cities all over the world currently face. The telecommunications vendor has introduced Internet of Things for Smart Cities and Sensing as a Service which showcase the benefits of IoT in building both economically and environmentally sustainable cities.
BlackBerry and Qualcomm Technologies announced a strategic collaboration to develop and produce cutting-edge automotive platforms for the next generation of connected vehicles.
Singapore-based Broadcom said it was cutting its offer price for mobile chip maker Qualcomm in the wake of the US firm's increased bid for Dutch rival NXP. Broadcom reduced its offer to $79 a share, which would still be the largest-ever deal in the tech sector if completed at an estimated value of nearly $117 billion.
Huawei held a ceremony to launch the Cairo OpenLab during the Cairo ICT 2017 conference. Huawei, together with industry alliance and partners in Northern Africa, aims to build ICT ecosystem in Northern Africa in response to industry digital transformation.
Huawei was chosen to build a data center for the Customs in Algeria following a contract signed between the Chinese colossus and the Public Finance Informatics Agency of the Ministry of Finance. This project will be financed by the Fund of Appropriation of ICT Development and Users (Faudtic) of the Ministry of Post, Telecommunications, Technologies and Digital Technology.
US chipmaker Qualcomm has penned a $12 billion megadeal with three leading Chinese mobile manufacturers. The announcement was made against the backdrop of a state visit to Beijing by US President Donald Trump.
Chinese smartphone vendor Huawei has reported the slowest growth in company’s revenue since 2013, according to Huawei rotating CEO Ken Hu who expects a revenue growth of 15% to CNY600 billion ($91.2 billion) for 2017 compared to 32% in 2016.
Nokia announced a major addition to its monetization portfolio that helps service providers improve the digital customer experience, implement innovative business models and unlock new revenue opportunities.
An important technology milestone based on the newly-approved NSA 5G NR (New Radio) standard has been achieved by a group of mobile communications companies. Ericsson and Qualcomm Technologies, in collaboration with AT&T, NTT DOCOMO, Orange, SK Telecom, Sprint, Telstra, T-Mobile US, Verizon, and Vodafone, showcased 3GPP-compliant 5G NR multi-vendor interoperability during live demonstrations held in both the Ericsson Lab in Kista, Sweden and the Qualcomm Research lab in New Jersey, USA.
Swedish telecom equipment provider Ericsson published its Q3 financial results on October 20. The company reported a 6 percent year-on-year drop in third quarter revenue which accounted for SEK47.8 billion ($5.9 billion) while the loss was SEK4.8 billion ($590 million), worse than last year’s, reaching $24.5 million.