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Smile raises USD 365 mln to expand 4G in Africa
2015-09-08 08:37:00| Telecompaper Headlines
(Telecompaper) Smile Telecoms has raised USD 365 million of debt and equity financing to expand its 4G networks in Africa. Smile Telecoms, which is the parent company of Smile Communications Nigeria, said the funding would be used to expand Smile's existing LTE networks, including the roll-out of voice services by year-end. It will also launch its broadband network in the Democratic Republic of Congo early in 2016, adding to its current coverage in the 800MHz band in Nigeria, Tanzania and Uganda. The funding comprised USD 50 million of equity, raised from the Public Investment Corporation on behalf of the Government Employees Pension Fund. The funding also includes a USD 315 million multi-tranche, multi-jurisdictional debt facility led by Africa Export-Import Bank with participation from the Development Bank of Southern Africa, Diamond Bank, Ecobank Nigeria, the PIC, the Industrial Development Corporation of South Africa and Standard Chartered Bank. Under the terms, the funding will be used to accelerate national network roll-out, including equipment and services provided by Alcatel-Lucent and Ericsson, a full MPLS network, a London Point of Presence and expanded international backhaul services, and to fund operational expenditure and working capital.
Toyota puts USD 50 mln into artificial intelligence
2015-09-07 09:43:00| Telecompaper Headlines
(Telecompaper) Toyota will be investing USD 50 million into artificial intelligence and establish labs in partnership with Stanford and MIT, Recode reported. The company said it has hired DARPA official Gill Pratt to lead the new five-year effort to boost its artificial intelligence and autonomous driving efforts. Toyota officials downplayed concerns that they were trailing behind Google and other carmakers in autonomous driving and said the company already has some key technologies in place after spending 20 years working in the field. The company said that Google is focused on completely replacing the driver, while Toyota is looking at ways to take the load off the driver while maintaining the fun of the experience. MIT artificial intelligence lab director Daniela Rus said added intelligence could allow a car to tell when you are having a bad day and put on your favourite song, tell you when you need to pick up milk at the store or remind you when you haven't called your parents. It could even take over the driving on a straight stretch of road so you can concentrate on talking to them.Rus will run the joint work with Toyota at MIT, while Fei-Fei Li, head of the Stanford Artificial Intelligence Laboratory, will head up joint work at her campus.
Tags: usd
intelligence
toyota
puts
Google gives EUR 1 mln, sets up donations site for refugees
2015-09-07 09:26:00| Telecompaper Headlines
(Telecompaper) Google.org said it is donating EUR 1 million to organisations providing front-line humanitarian relief to migrants and refugees in Europe, the Middle East and Northern Africa. The organisation, such as International Rescue Committee, Medecins Sans Frontieres, are providing essential assistance, including shelter, food and water, and medical care, to people in dire need. Google also said it was creating a public site to help people make their own donations, adding that it will be matching Googler donations as well.
BlackBerry to buy Good Technology for USD 425 mln
2015-09-07 07:58:00| Telecompaper Headlines
(Telecompaper) BlackBerry has entered into a definitive agreement to acquire Good Technology for USD 425 million in cash. Good will bring complementary capabilities and technologies to BlackBerry, including secure applications and containerisation to protect end user privacy. Good has expertise in multi-OS management with 64 percent of activations from iOS devices, followed by a broad Android and Windows customer base. The Good Dynamics platform provides app-level encryption, advanced data loss prevention and secure communication between applications. With Good, BlackBerry will expand its presence with global enterprise and government customers. BlackBerry expects the transaction to be completed toward the end of the company's 2016 fiscal third quarter and is subject to customary closing conditions.
Tags: good
buy
technology
usd
Intel puts USD 50 mln into quantum computing collaboration
2015-09-04 09:08:00| Telecompaper Headlines
(Telecompaper) Intel has announced a ten-year collaborative relationship with the Delft University of Technology and TNO, the Dutch Organisation for Applied Research, to accelerate advancements in quantum computing. Intel will be investing USD 50 million into the project and will provide significant engineering resources both on-site and at Intel, as well as technical support. Intel said Quantum computing holds the promise of solving complex problems that are today practically insurmountable, including intricate simulations such as large-scale financial analysis and more effective drug development. The company said it does not believe any one company or organisation will be able to unlock the path to advanced quantum computing alone. Instead, partnerships such as the one between the company and the QuTech institute in Delft, paired with industry collaboration will help realise the promise of the technology. Quantum computing is an area of research that Intel has been exploring because it has the potential to augment the capabilities of tomorrow's high performance computers.
Tags: usd
collaboration
computing
intel
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