NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Plant Automation Technology portal grants a dynamic and diverse feed of news items.

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Momentum Telecom, Inc., announces today that it has completed the merger with Philadelphia-based Alteva, Inc., effective December 21, 2015. "We are excited to invest in and grow upon Alteva's success and significantly expand the presence of Momentum Telecom in the Northeast. With the merger, customers will continue to experience the…

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Ukrainian major telecommunications operator Ukrtelecom has announced a $50 million loan deal with China Development Bank for upgrading telecommunications network in Ukraine. “At the first stage of the long-term partnership, Ukrtelecom expects to receive first export credit amounting 50 million U.S. dollars,” the Ukrainian company said in a statement on…

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Betting big on the booming smartphone demand in the country, Chinese handset maker vivo has set up a manufacturing and assembling facility in India with an investment of Rs 125 crore. Located at Greater Noida, the unit has a maximum production capacity of one million devices a month. "The unit…

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Arre, the digital media company floated by serial entrepreneur Ronnie Screwvala and former media executives B Saikumar and Ajay Chacko, has acquired Apalya Technologies a Hyderabad-based video delivery company, in an all-cash deal. According to sources close to the deal, Screwvala and partners have paid between Rs 20 crore and…

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Recent acquisitions made by the distributor include IRW Systems and Avenir Telecoms Chess Telecom has secured a £50 million investment from Barclays to support its future acquisitions. The distributor will plan to use the investment to refinance existing facilities and fund future acquisition activities alongside a new management incentive scheme.…

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Cloud, a technology once considered fringe, has now become the norm in terms of delivering IT services to end users. One of the most popular upcoming cloud technologies is cloud telecommunications. Although a number of cloud VoIP providers already exist, the market is just now entering a coming of age.…

Tuesday, Dec 22, 2015
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Ericsson and Russian teleocm major Mobile TeleSystems OJSC (MTS) have agreed to cooperate on 5G research and deployment in Russia. The Memorandum of Understanding (MOU) signed between the two companies covers spectrum studies of the next generation network and the building of a test system. The companies will focus initially…

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Swedish mobile telecom gear maker Ericsson said it had signed a patent license deal with Apple Inc over technology that helps smartphones and tablets connect to mobile networks, sending its shares up much as 8 percent. The deal ends a year-long dispute with Apple, one of the biggest legal battles…

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CommVault Systems that offers data management solutions to various Indian telecom operators such as Vodafone, is in advanced discussions with Mukesh Ambani-owned Reliance Jio Infocomm, and is banking high on fourth-generation (4G) high speed data networks in the country. "Our talks are on with Reliance Jio," Ramesh Mamgain, country manager…

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Robi Axiata Limited has signed a $99 million financing agreement with the International Finance Corporation (IFC) to expand its telecom network and build new telecommunication infrastructure networks. Supun Weerasinghe, managing director and CEO of Robi, and M Rehan Rashid, IFC’s senior country officer, signed the agreement on behalf of their…