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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Telecoms equipment maker Ericsson plans to lay off thousands of staff this summer and is considering large, additional cost cuts due to slowing markets, newspaper Svenska Dagbladet (SvD) reported on Tuesday citing anonymous sources. After quarterly profit and sales missed expectations in April, Ericsson said slower network spending in Europe…

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Nexstar Broadcasting Group Inc Aggregate value of station divestitures related to media general transaction approximates $545 million. Nexstar broadcasting enters into definitive agreement to divest five stations in five markets for $115 million.   Source : reuters.com

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Tribune broadcasting company blacks out dish customers in 33 markets; dish offers free over-the-air antennas to affected customers. Tribune rejected dish offer to extend contract, including retroactive "true-up" for new rates. Offering over air antennas at no cost so that customers in affected markets can watch tribune's local broadcast channels…

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U.S. telecommunications rivals Verizon Communications Inc and AT&T Inc are set to go through to the third and final round of bidding in the auction for Yahoo Inc's core internet assets, according to people familiar with the matter. After holding a board meeting to review second-round offers, Yahoo will start…

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America Movil said on Thursday that Mexico's telecommunications regulator had decided that its Mexican fixed-line company had not broken any rules by running an online TV news platform. Mexican regulators last year began a probe into whether America Movil's fixed-line unit Telmex violated the terms of its concession, which bars…

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Mondo TV SpA Executes license agreement with Discovery Corporate Services Limited for broadcasting in Middle East and North Africa of animated series. The license agreement is for the broadcasting on DKids Channel of GON, animated TV series produced by Daewon Media Co and distributed by Mondo TV.   Source :…

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A U.S. Senate panel disclosed Thursday it is investigating pay TV competition and customer service issues and will call executives from top cable and satellite providers to testify. The investigation comes as the U.S. cable and satellite TV industry ranks among the lowest in consumer surveys over billing and other…

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Hubei Radio & Television Information Network Co Ltd Says it will pay a cash dividend of 1 yuan (pre-tax) for every 10 shares to shareholders of record on June 14 for 2015. Says the company's shares will be traded ex-right and ex-dividend on June 15 and the dividend will be…

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Sky Network Ltd and Vodafone Group Plc have announced a deal under which Sky and Vodafone's New Zealand unit would merge. Under terms of the deal Sky would acquire all of the shares in Vodafone NZ for a total purchase price of NZ$3.437 billion through the issue of new Sky…

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London-based Telit Wednesday entered into a strategic alliance with WE Components India to develop new business opportunities in the Internet of Things (IoT) domain. As part of this alliance, WE Components becomes a Telit distributor and design development partner in India and will play a key role in developing new…