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IBM, Vodafone create JV to provide cloud, 5G and AI, ink deal worth USD 550 mln

2019-01-17 16:35:00| Telecompaper Headlines

(Telecompaper) IBM and Vodafone Business are creating a new venture that will provide companies across Europe and beyond with the open, flexible technologies they need to integrate multiple clouds and prepare for the next wave of digital transformation enabled by AI, 5G, edge and software defined networking (SDN). The new venture will be operational in the first half. Under the new venture, Vodafone Business customers will immediately have access to the full portfolio of IBM's cloud offerings, underpinned by IBM's deep industry expertise and open technologies.

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Pokemon Go creator Niantic raises USD 190 mln in new funding

2019-01-04 09:08:00| Telecompaper Headlines

(Telecompaper) Pokemon Go creator Niantic has closed a USD 190 million round of funding, according to filings with the US Securities and Exchange Commission. A total of 26 investors participated in the round.

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Windstream sells Earthlink consumer internet business for USD 330 mln

2019-01-02 08:38:00| Telecompaper Headlines

(Telecompaper) Windstream announced the sale of the EarthLink consumer internet business for USD 330 million cash to Trive Capital, a Dallas-based private equity firm. Windstream acquired the business in its merger with EarthLink in February 2017.

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Huawei revenues to rise 21% this year to USD 109 bln

2018-12-27 15:03:00| Telecompaper Headlines

(Telecompaper) Huawei rotating chairman Guo Ping expects the company's revenues to grow 21 percent to USD 109 billion this year. The chairman made the statement as part of the company's new year's address to employees. Smartphone shipments are forecast to pass 200 million units.

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Charter pays record USD 174 mln to settle slow broadband case in New York

2018-12-19 09:28:00| Telecompaper Headlines

(Telecompaper) Cable operator Charter has agreed to pay a record USD 174.2 million in order to settle a consumer fraud case in New York. Of the total, USD 62.5 million will go directly to customers as refunds. The Attorney General of New York believes the amount represents the largest-ever payout to consumers by an ISP in US history. This is the first settlement to result from the Attorney General's investigation of broadband service in New York. Charter earlier operated as Time Warner Cable and then as Charter brand Spectrum. 

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