Tellabs is acquiring wireless infrastructure gear manufacturer WiChorus for €109 million to beef up 3G and 4G product portfolio and take advantage of growing smartphone sales. Tellabs said the acquisition would dent its profit in 2010 but add to earnings excluding special items from 2011.
French hi-tech firm Sagemcom has awarded a €40 million contract to France Telecom’s Enterprise business unit, Orange Business Services. The four-year deal includes hosting and third party application maintenance, user support, telephony services, and its data network.
Nokia Siemens Networks is transferring the provisioning of global IT application management services to Accenture, Tieto and Wipro. The transition will include the transfer of more than 170 employees which is expected to be completed by February 1, 2010.
Activist investor Carl Icahn has resigned
's board, stating he no longer felt the company needed his presence now it has handed over power to new CEO Carol Bartz.
Former US presidential candidate senator John McCain has introduced
a bill which would block the FCC'
s attempts to set
network neutrality rules for both fixed-line and mobile operators.
Jan Frykhammar, a senior VP and head of Ericsson's global services business unit, has been appointed CFO of the Swedish vendor. His new role is effective from November 1, replacing Hans Vestberg, who takes over as CEO from January 1.