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Huawei to invest USD 600 mln in 5G research
2013-11-06 11:27:00| Telecompaper Headlines
(Telecompaper) Huawei will invest a minimum of USD 600 million in research and innovation for 5G technologies by 2018. The investment will cover a range of key enabling technologies, including the research of air-interface technology. Huawei predicts that the first 5G networks will be ready for commercial deployment starting in 2020 and will deliver peak data rates of over 10Gbps. To date, Huawei has participated in the EU's 5G research projects, worked on the establishment of the 5G Innovation Center (5GIC) in the UK, and participated in joint research programs with over twenty universities around the world. Huawei said it will be an active contributor in building 5G standards and ecosystems to drive a globally consistent standard across the industry.
T-Mobile USA adds over 1 mln new customers in Q3
2013-11-05 14:37:00| Telecompaper Headlines
(Telecompaper) T-Mobile USA has reported success with its new 'uncarrier' strategy, adding over 1 million new customers in the third quarter. The mobile operator added a net 1.023 million new customers in the three months, including 648,000 under its own postpaid brand, for a total of over 45 million at the end of September. Revenues increased by 7.4 percent quarter-over-quarter to USD 6.7 billion, primarily due to the inclusion of MetroPCS results for the full quarter and higher equipment revenues due to record smartphone sales. Service revenues increased 8.0 percent on the same basis to USD 5.1 billion, and smartphone sales surged to 5.6 million units thanks to the launch of the iPhone. Branded postpaid ARPU decreased by USD 1.40 compared to Q2 to USD 52.20, as the number of customers on the lower-price Value and Simple Choice plans rose to 61 percent from 50 percent in the previous quarter. Pro forma Adjusted EBITDA improved by 6.2 percent over the second quarter to USD 1.3 billion, reflecting lower promotional spend and cost controls. Cash capital expenditure reached USD 1.0 billion in the quarter, and T-Mobile maintained its full-year outlook for spending of USD 5.2-5.4 billion. It also still expects adjusted EBITDA of USD 5.2-5.4 billion for the full year. It will expand the MetroPCS brand to another 15 markets from November 21 and also continue to redeploy MetroPCS spectrum to reach 2x10 MHz for LTE in 40 of the top 50 markets by year-end.
UPDATE 2-Linn Energy to pay $600 mln more for Berry Petroleum
2013-11-04 22:07:10| Oil & Gas - Topix.net
U.S. oil and gas producer Linn Energy LLC raised its purchase price for Berry Petroleum Co by $600 million to $4.9 billion, the companies said.
UPDATE 2-Linn Energy to pay $600 mln more for Berry Petroleum
2013-11-04 18:59:58| Energy - Topix.net
U.S. oil and gas producer Linn Energy LLC raised its purchase price for Berry Petroleum Co by $600 million to $4.9 billion, the companies said.
NTT Com to acquire Virtela for USD 525 mln
2013-10-28 12:42:00| Telecompaper Headlines
(Telecompaper) Japan's NTT Communications has agreed to buy cloud networking services provider Virtela Technology Services for USD 525 million in cash. Together, NTT Com and Virtela will offer customers a single partner for the full lifecycle of enterprise network services, NTT said. Virtela's service activation and advanced management infrastructure will enhance NTT Com's broadband network services provided around the world. The acquisition expands NTT Com's services coverage from 160 to more than 190 countries. NTT Com will also upgrade its cloud-based network services with Virtela's network function virtualisation (NFV) technology to virtualise the functions of customer network equipment, such as firewalls and WAN accelerators.
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