Chinese telecoms equipment maker Huawei has reported a 40 percent increase in sales for the six months to 30 June 2016 over the same period last year, to CNY245.5 billion ($US36.7b) with an operating margin of 12 percent.
The London Court of International Arbitration has ordered Indian company Tata Sons Limited to pay NTT Docomo $1.17 billion for its stake in their former jointly owned Indian telco, Tata Teleservices.
Hans Vestberg President and CEO and member of the Board of Directors of Ericsson
Ericsson's Board of Directors today announced that Hans Vestberg steps down as President and CEO and member of the Board of Directors of Ericsson with immediate effect. Jan Frykhammar, executive vice president and CFO, will assume the CEO position until a new CEO is in office.
US based CrowdStrike, a provider of cloud-based endpoint protection, threat intelligence and response services, has launched operations in Asia Pacific by opening an office in Australia and announcing Telstra as a customer.
Actility, which has developed an IoT network based on LoRaWAN low powered wide area network technology, has partnered with Foxconn Technology Group (Foxconn) to deliver a comprehensive suite of IoT solutions to the Chinese market, starting in Q3 of 2016.
The US Government's development finance institution, the Overseas Private Investment Corporation (OPIC), has commenced the initial disbursement of a $250 million loan to Apollo Towers Myanmar to fund the rollout of its mobile tower network. It is OPIC's first financing in Myanmar.
IDC Asia/Pacific has released as report assessing Asia/Pacific (excluding Japan) organizations' maturity and progress in their digital transformation initiatives, saying it shows Asia/Pacific organizations to be still at a nascent stage of digital transformation, with 45.4 percent of enterprises surveyed operating at the basic ad hoc level (ie digital resisters) and yet to establish basic digital transformation capabilities and adopt digital solutions systematically.
Cisco has launched a $10 million global cyber security scholarship to increase the talent pool, and has introduced new certifications. Cisco says research indicates there will be a global shortage of two million cyber security professionals by 2019.
NEC Corporation and its Indian subsidiary, NEC Technologies India Private Limited (NTI), have set up a center in India dedicated to the support of open source software (OSS).
'The OSS Technology Center aims to strengthen the organizational structure for supporting global enterprises in building systems based on OSS, to reinforce collaboration with international OSS vendors and to provide rapid technical support to users who construct systems operated globally using OSS,' NEC said.
Cisco has published the latest edition of the Cisco Visual Networking Index, forecasting global IP traffic to have a compound annual growth rate (CAGR) of 22 percent over the next five years as more than one billion new Internet users grow the global Internet community from three billion in 2015 to 4.1 billion by 2020.
