DIRS.INFO The most relevant business & tech news

☆ Goldman Sachs Asset Management closes $5.2 billion growth equity fund
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, Feb 7 (Reuters) - Goldman Sachs Asset Management said Tuesday it had closed a $5.2 billion direct private markets fund that invests in high-growth businesses. The West Street Global Growth Partners fund attracted $3.7 billion from institutional and high net worth investors, as well as commitments from Goldman Sachs Group Inc (GS.N) and its employees. Goldman Sachs Asset Management oversees more than $2 trillion in assets. Last year it closed a $9.7 billion private-equity fund, its largest since 2007, that seeks to invest in companies with an enterprise value of about $750 million to $2 billion. The latest fund is managed by its growth equity business division led by Darren Cohen in New York, Nishi Somaiya in London and Stephanie Hui in Hong Kong.

☆ Huawei turns to patents for a lifeline — including those in the U.S.
▼ + stars: | 2023-02-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

In 2022, Huawei announced it signed more than 20 new or extended licensing agreements for its patents. But the sheer number of patents filed meant Huawei ranked fourth last year by the number of patent grants in the U.S., IFI said. For Huawei, licensing its patents to other companies has the potential to claw back a bit of that revenue. Huawei did not break down specific figures, and only said it met its intellectual property revenue expectations for 2021. "I don't think they had a choice in terms of sort of boosting their licensing revenue."

Nanoco and Chicago-based litigation funding firm GLS Capital said in a release that the settlement, which includes a license agreement and the "transfer of certain patents," resolves litigation in the United States, Germany and China. Nanoco's quantum dots improve the backlighting of LED displays without the use of toxic heavy metals like cadmium. The Texas lawsuit said Samsung began incorporating Nanoco's technology into high-end QLED TVs launched in 2017. Third-party funding of lawsuits has becoming increasingly common in recent years, though details about specific investments are rarely publicized. The case is Nanoco Technologies Ltd v. Samsung Electronics Co, U.S. District Court for the Eastern District of Texas, No.

☆ Qualcomm revenue falls 12%, guidance implies more pain this quarter
▼ + stars: | 2023-02-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Here's how the company did:Earnings: $2.37 per share, adjusted, vs. $2.34 per share as expected by analysts, according to Refinitiv. $2.37 per share, adjusted, vs. $2.34 per share as expected by analysts, according to Refinitiv. Revenue: $9.46 billion, vs. $9.60 billion as expected by analysts, according to Refinitiv. Qualcomm's overall revenue decreased 12% year over year in the quarter, which ended Dec. 25, according to a statement. In the quarter Qualcomm and Renault Group announced an extension of their collaboration and said Qualcomm would invest in Ampere, the automaker's electric and software company.

☆ U.S. stops granting export licenses for China's Huawei, sources say
▼ + stars: | 2023-01-31 | by ( ) www.cnbc.com time to read: +1 min

The Biden administration has stopped approving licenses for U.S. companies to export most items to China's Huawei, according to three people familiar with the matter. Qualcomm in 2020 received permission to sell 4G smartphone chips to Huawei. Another person said the move was expected to reflect the Biden administration's tightening of policy on Huawei over the past year. Licenses for 4G chips that could not be used for 5G, which might have been approved earlier, were being denied, the person said. Toward the end of the Trump administration and early in the Biden administration, officials had still granted licenses for items specific to 4G applications.

☆ In West Bank, Blinken presses for two-state solution
▼ + stars: | 2023-01-31 | by ( Simon Lewis | ) www.reuters.com time to read: +5 min

Summary U.S. Secretary of State in West Bank after IsraelBlinken restates U.S. support for two-state solutionViolence surges in decades-old conflictRAMALLAH, West Bank Jan 31 (Reuters) - U.S. Secretary of State Antony Blinken shuttled from Israel to the Palestinians' West Bank on Tuesday, appealing for an end to resurgent violence and reaffirming Washington's backing for a two-state solution to the decades-long conflict. He took that message into a meeting with Palestinian President Mahmoud Abbas in Ramallah, warning all parties against any action that could threaten a two-state solution, with an independent Palestinian state alongside Israel. Netanyahu has reinforced troops in the West Bank and promised measures to strengthen settlements there, but has said Israel was not looking to escalate the situation. On Tuesday, Blinken met Israeli Defence Minister Yoav Gallant and discussed cooperation to stop Iran developing a nuclear weapon as well the situation in the West Bank. Hopes of achieving a two-state solution, with a Palestinian state based largely in the West Bank, have all but disappeared since the last round of U.S.-sponsored talks stalled in 2014.

REUTERS/Aly Song/File PhotoJan 30 (Reuters) - The Biden administration has stopped approving licenses for U.S. companies to export most items to China's Huawei, according to three people familiar with the matter. Qualcomm Inc (QCOM.O) in 2020 received permission to sell 4G smartphone chips to Huawei. Licenses for 4G chips that could not be used for 5g, which might have been approved earlier, were being denied, the person said. American officials placed Huawei on a trade blacklist in 2019 restricting most U.S. suppliers from shipping goods and technology to the company unless they were granted licenses. But U.S. officials granted licenses that allowed Huawei to receive some products.

☆ India is a true bright spot in the midst of a global downturn, top execs and policymakers say
▼ + stars: | 2023-01-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

But India does shine out among the world's biggest economies, with Europe hovering on the brink of potential recession and U.S. growth slowing. "It's for the whole digital India, and creating a digital society in India," Ekholm told CNBC. watch nowIndia, he continued, "will very shortly have the best digital infrastructure outside of China," driven by telecoms juggernauts Bharti Airtel and Jio, he added. Strong tailwinds"We are very optimistic and very positive on India," the chief executive of Tata Consultancy Services, Rajesh Gopinathan, told CNBC. As Anish Shah, chief executive of Mahindra Group, told CNBC: "India will get impacted.

☆ It’s Not Just You: 5G Is a Big Letdown
▼ + stars: | 2023-01-12 | by ( Joanna Stern | ) www.wsj.com time to read: 1 min

What a weekend! After a 5G-powered robot performed surgery on my foot, I took a 5G-powered self-driving car to my 5G-powered house where a 5G-powered drone delivered a guacamole-powered burrito. But you know what did happen this past weekend? I turned off Verizon 5G on my iPhone—and barely noticed a difference. The 4G LTE performance and coverage felt just about the same.

☆ India's 5G smartphone shipments to cross 4G shipments in 2023 - Counterpoint
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Dec 29 (Reuters) - India's 5G smartphone shipments will exceed that of 4G shipments by the end of next year, driven by the mass adoption of the high-speed network and the rise in sale of handsets in the lower-price bands, market research firm Counterpoint said on Thursday. Although India's overall smartphone shipments are estimated to see a yearly decline this year due to component supply issues and macroeconomic factors, 5G will continue to push smartphone demand in 2023 as well, Counterpoint added. 5G handset share in the lower-price band (less than 20,000 rupees or $241.55) is expected to surge to 30% in 2023 from 4% last year, Counterpoint said. India's telecom leader Reliance (RELI.NS) is working with Alphabet Inc's (GOOGL.O) Google to launch a budget 5G smartphone after it emerged as the biggest spender in India's $19 billion 5G spectrum auction in August. Cumulative 5G smartphone shipments will cross the 100-million mark in the second quarter of 2023 and surpass 4G smartphone shipments by the end of next year, according to Counterpoint.

☆ Mike Sievert of T-Mobile is the CNN Business CEO of the Year
▼ + stars: | 2022-12-26 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

T-Mobile’s solid performance on Wall Street was one big reason why CEO Mike Sievert is the CNN Business pick for CEO of the Year. CNN Business spoke to Sievert about how T-Mobile has continued to perform well in a super competitive business. T-Mobile CEO Mike Sievert talks to employees at a 2022 company event. That has led to higher expenses, but Sievert said T-Mobile is less worried about inflation than other consumer firms. Prepared for more competitionSievert, who has been with T-Mobile since 2012, took over as CEO in 2020 from long-time CEO John Legere.

☆ You got a new iPhone for the holidays. Here's the ultimate guide to getting the most out of it
▼ + stars: | 2022-12-25 | by ( Sofia Pitt | ) www.cnbc.com time to read: +16 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTiPhone 14 Sofia Pitt | CNBCYou may have gotten Apple's iPhone 14 as a gift for the holidays. How to customize your lock screenApple iPhone lock screen Source: AppleThere are some new cool lock screens on the iPhone 14. Use Dynamic Island on the iPhone 14 ProApple's new Dynamic Island feature on the iPhone 14 Pro Max. Instead of that blank notch that used to house the selfie camera and microphone, there's a new interactive pill display that has the ability to shape-shift on the iPhone 14 Pro and iPhone 14 Pro Max. How to turn off the always-on display on iPhone 14 ProAlways-on display toggled off on the iPhone 14 Pro Max.

☆ Australia blocks Telstra-TPG wireless internet deal, sparking legal fight
▼ + stars: | 2022-12-21 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

SYDNEY, Dec 21 (Reuters) - Australia's antitrust regulator blocked an asset transfer deal between Telstra and TPG, the country's No.1 and No.2 wireless internet firms, citing competition concerns, setting the scene for a legal battle over access to four million customers. In a deal announced in May, Telstra Group (TLS.AX) was to buy spectrum - airwaves which carry wireless internet - and transmission towers from TPG Telecom Ltd (TPG.AX), while TPG would keep selling 4G and 5G coverage using what would become Telstra's infrastructure. 3 wireless internet provider Optus, owned by Singapore Telecommunications (STEL.SI), opposed the deal saying it would build Telstra's market dominance. The decision sets up a second legal showdown between TPG and the ACCC in just over two years. "By knocking back this deal, the ACCC has helped ensure that our regional communities will continue to benefit from competition," said Optus CEO Kelly Bayer Rosmarin in a statement.

☆ Australia rejects Telstra, TPG's network-sharing deal; firms to appeal
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +2 min

Dec 21 (Reuters) - The Australian Competition & Consumer Commission (ACCC) on Wednesday rejected TPG Telecom's (TPG.AX) regional network-sharing agreement with Telstra Group (TLS.AX), and said the deal would significantly weaken overall competition in the country. TPG's shares tanked nearly 6% to a record low following the news, while Telstra slipped 0.1%. In February, the telecom giants signed a regional multi-operator core network agreement under which Telstra — the country's largest telecoms operator — would gain access to TPG's 4G and 5G spectrums. TPG and Telstra expressed disappointment with the competition regulator's decision, which the latter said it would appeal against, while rival telecoms firm Optus — owned by Singapore Telecommunications (STEL.SI) — welcomed it. ACCC noted the network-sharing arrangement is proposed at a time when all the three companies — TPG, Telstra and Optus — are competing in the roll-out of 5G infrastructure including in regional areas.

☆ Australia's competition watchdog rejects Telstra-TPG network sharing deal
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +1 min

Dec 21 (Reuters) - Australian Competition & Consumer Commission (ACCC) on Wednesday rejected TPG Telecom's (TPG.AX) network sharing agreement with Telstra Corp (TLS.AX), saying the deal would significantly weaken competition in the country. 2 internet service provider - said it was "disappointed" with the Australian competition regulator's decision and is preparing an application for a review of the decision. In February, the companies signed a regional multi-operator core network agreement under which Telstra, the country's largest telecoms operator, would gain access to TPG's 4G and 5G spectrums. The deal was expected to deliver between A$1.6 bln ($1.07 bln) and A$1.8 billion of revenue to Telstra over the initial 10-year term. Reporting by Navya Mittal in Bengaluru; Editing by Anil D'Silva and Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ Here's how the US government is developing 5G for underwater Navy sensors and bomb disposal on land
▼ + stars: | 2022-12-20 | by ( Clara Mcmichael | ) www.businessinsider.com time to read: +5 min

The US government is working to integrate 5G into technology that addresses environmental hazards. The Navy is working with an Energy Department subsidiary on 5G tech meant to detect marine life. This article is part of "How 5G Is Changing Everything," a series about transformational 5G tech across industries. The lab collaborates with other government agencies to weave the latest 5G technology into their operations and has worked on projects ranging from underwater sensors to land-based bomb-disposal robots. The Navy is particularly interested in working on 5G underwater, where it could enable faster data collection and analysis, more efficient environmental monitoring, and better communication with the Navy's underwater assets.

☆ Germany ups reliance on Huawei for 5G despite security fears -survey
▼ + stars: | 2022-12-16 | by ( Sarah Marsh | ) www.reuters.com time to read: +4 min

Many European countries have banned Chinese companies from all or part of their 5G networks on security grounds, amid intense diplomatic pressure from the United States. Germany, home to operators like Deutsche Telekom (DTEGn.DE) and O2 (O2Dn.DE), passed an IT security law two years ago setting high hurdles for makers of telecommunications equipment for the "critical components" of 5G networks. The German network agency referred Reuters to regulation that shows differentiated treatment for core and RAN components. The information security office did not reply to a request for comment on whether the high share of Chinese components could pose a security threat. A strategy paper by Germany's Greens-run economy ministry has recommended increased scrutiny of components from authoritarian states in critical infrastructure.

☆ Huawei licenses 5G patents to rival as U.S. sanctions force the Chinese giant to seek new revenue
▼ + stars: | 2022-12-09 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Chinese technology giant Huawei said Friday it will license its 5G technology to rival handset maker Oppo as it looks to unlock a new revenue stream after its smartphone business was crushed by U.S. sanctions. Huawei and Oppo, the fourth largest smartphone maker in the world, signed a "global patent cross-licensing agreement, which covers cellular standard essential patents, including 5G." Both nations view it as a critical technology. But the U.S. has expressed concerns that Huawei represents a national security threat and has pressured other nations to ban the Chinese firm from their 5G infrastructure. Huawei has repeatedly denied that it represents a national security threat.

☆ Southeast Asia's 5G outlook remains 'bleak' in short term despite tech giant partnership, report says
▼ + stars: | 2022-12-09 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

The Tech Mahindra-Axiata Group Berhad partnership may help accelerate 5G in Southeast Asia but the short-term outlook for the industry is "bleak," Fitch Solutions said in a country risk and industry research report. Last week, Indian IT and consulting giant Tech Mahindra and Malaysian telco conglomerate Axiata Group Berhad inked an agreement to jointly develop and commercialize 5G enterprise solutions in Malaysia, Sri Lanka, Bangladesh, Nepal and Cambodia. "We believe that this is a promising partnership as it combines the capabilities of Tech Mahindra's 5G enterprise solutions with Axiata's expertise in mobile connectivity, network infrastructure and product services," said Fitch Solutions. While 5G has many benefits, the report said it is still in a nascent stage for many Southeast Asian countries. 5G is the fifth generation of cellular networks and is up to 100 times faster than 4G.

☆ Israel targets 'smart' cities with new 5G mobile auction
▼ + stars: | 2022-12-07 | by ( Steven Scheer | ) www.reuters.com time to read: +1 min

JERUSALEM, Dec 7 (Reuters) - Israel urged mobile firms to expand the deployment of fifth-generation sites to allow for 'smart' stadiums and hospitals on Wednesday, as the country launched its second 5G tender. Communications Ministry director general Liran Avisar Ben Horin said in a statement that smart traffic lights using 5G would prevent congestion and accidents, while patients will be able to receive immediate medical care remotely. "I call on the cellular companies to deploy 5G sites all over the country to improve the quality of life of their customers and place Israel at the forefront of global innovation," she said. The ministry said it will allocate advanced frequencies to mobile operators in the ultra-fast 26 GHz range "to respond to the various needs of cellular communication in Israel." Israel allocated three 5G frequencies - 700 MHz, 2.6 GHz and 3.5 GHz - in an auction in 2019 which have since been deployed by mobile operators and are all marginally profitable.

☆ How an ‘electronic nose’ could help fight wildfires
▼ + stars: | 2022-11-14 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +5 min

Preventing even a fraction of wildfires from developing would have sweeping benefits. Climate change is making wildfires more intense, and the number of extreme wildfire events is projected to increase up to 14% by 2030. Existing early warning systems are based on visual detection of smoke, either through satellite imaging, cameras on the ground or human observers. Placed at the edge of the forest, these gateway sensors transmit the emergency signals to the internet over satellite and 4G. This detection time was phenomenal and showed how much potential the Dryad system has,” he adds.

☆ Orange launches first African 5G network in Botswana
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +2 min

JOHANNESBURG, Nov 11 (Reuters) - French telecoms group Orange (ORAN.PA) launched a new 5G network in Botswana on Friday in a first step towards rolling out the high-speed data offering to other markets in the Middle East and Africa, company executives said. Following the initial Botswana launch, Orange's 5G coverage will extend to 30% of the southern African nation's population, including those living in Gaborone and Francistown, the two largest cities. Instead, Orange is mainly focusing on 5G as a way of providing fast internet in Africa, where low population density makes rolling out fibre-optic infrastructure uneconomical. "For us the main use case is fixed wireless access, meaning internet at home," Nene Maiga, CEO of Orange Botswana, told journalists ahead of the launch. Orange's Middle East and Africa CEO Jerome Henrique said the company was targeting 5G rollouts in around half a dozen countries in 2023, most likely starting with Jordan.

☆ Mobile provider Veon's Q3 revenue rises 3.6% despite geopolitical challenges
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

Nov 3 (Reuters) - Amsterdam-listed telecoms operator Veon (VON.AS) on Thursday reported a 3.6% year-on-year rise in third-quarter revenue, as its 4G penetration and digital operator strategy continued to deliver growth despite macroeconomic and geopolitical challenges. "Growth in subscribers, higher 4G penetration, and an expanded portfolio of digital services are driving solid revenue performance across our countries", CEO Kaan Terzioglu said in a statement. It also further strengthened its liquidity position, with $3.3 billion in cash at the end of the quarter, the group said. Russia, Veon's largest market, reported a revenue decrease of 6.1% year-on-year in local currency in the quarter, impacted by a 58.5% decline in equipment revenue due to lower device sales. Reporting by Diana Mandiá in Gdansk; Editing by Muralikumar Anantharaman and Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.

Qualcomm shares fell 7% in extended trading on Wednesday after the chipmaker reported in-line fiscal fourth-quarter earnings but offered poor first-quarter guidance. Here's how the company did:Earnings: $3.13 per share, adjusted, vs. $3.13 per share as expected by analysts, according to Refinitiv. $3.13 per share, adjusted, vs. $3.13 per share as expected by analysts, according to Refinitiv. Revenue: $11.39 billion, adjusted, vs. $11.37 billion as expected by analysts, according to Refinitiv. With respect to guidance, Qualcomm called for fiscal first-quarter adjusted earnings of $2.25 to $2.45 per share on $9.2 billion to $10 billion in revenue.

☆ INDIA STOCKS Indian shares seen opening higher, Fed in focus
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +3 min

BENGALURU, Nov 1 (Reuters) - Indian shares may kick off November trading on a higher note on Tuesday, after rising for three straight sessions, tracking gains in broader Asia as investors turn focus to the U.S. Federal Reserve policy meeting this week. India's NSE stock futures, listed on the Singapore exchange , were 0.61% higher as of 0203 GMT. Investors this week will be looking for the outcome of the Fed policy meeting and the outlook on future rate hikes path. The Fed is widely expected to raise interest rates by 75 basis points on Wednesday at the conclusion of its two-day policy meeting. ($1 = 82.7910 Indian rupees)Reporting by Rama Venkat in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "4G"

25 mentions found