A journal for networking and telecoms
Coverage archive
Browse Converge Digest reporting from this month.
Reporting
Citing its second consecutive quarter of growth in France, Orange reported Q3 revenue of 10.274 billion euros, up 0.9% on a comparable basis compared to last year and in line with the first half (+1.1%). Adjusted EBITDA for the Group grew 2.1% in the third quarter of 2017 on a comparable basis, in line with […]
T-Mobile has recovered more than 80% of its original pre-storm outdoor signal in Puerto Rico. In a blog post, Neville Ray, T-Mobile’s CTO, said the carrier has done everything possible to restore service following Hurricane Maria. Damage was extensive to the backhaul network, the cell sites and of course to the electrical grid, which still […]
China Mobile marked the 20th anniversary since its debut as a publicly listed company with a first generatio, analogue mobile network. The company first began trading on the main board of the Hong Kong HKEX on 23 October 1997. As of 30 September 2017, China Mobile was serving 877,708,000 mobile lines, including 621,757,000 4G subscribers. […]
QTS Realty Trust has kicked off development a mega data center campus in Ashburn, Virginia. Phase 1 of its multi-tenant development, representing approximately four megawatts of critical sellable capacity, is expected to come online by mid-2018. This year, QTS acquired 52 acres of land in Ashburn, Virginia in two parcels for a total purchase price […]
Aerohive Networks introduce a software-defined, cloud networking platform that uses a network-function-virtualized (NFV) appliance to extend a corporate network to remote workers and branch offices. Any Aerohive access point can operate as a tunnel terminator for the Aerohive VPN solution. With this launch, Aerohive is now offering a cloud managed Virtual Gateway Appliance (VG-VA) that […]
Australia’s broadband network, NBN, confirmed plans to deploy G.fast beginning next year. G.fast becomes another access technology in NBN’s “multi-Technology toolkit.” G.fast technology will be supplied by the company’s three existing fixed-broadband suppliers Nokia, ADTRAN and Netcomm Wireless. G.fast can take broadband speeds past the current 100Mbps levels delivered by VDSL technology to deliver speeds […]
MACOM reached an agreement to sell the Compute business it acquired in its AppliedMicro acquisition earlier this year to Project Denver Holdings LLC , a new company backed by The Carlyle Group. Financial terms were not disclosed, but MACOM said it will hold a minority equity ownership interest in the new company. “After a thorough […]
Incumbent operator Tunisie Telecom (TT) is deploying ADTRAN’s sealed outside plant (OSP) DSLAMs, which feature unique Discrete Multi-Tone (DMT) capabilities to deliver next-generation copper-based broadband services to locations where laying fiber is cost-prohibitive and/or electrical power sources are unreliable or unavailable. In trials conducted with TT, ADTRAN said its 1148VX OSP DSLAM delivered broadband rates […]
A10 Networks reported Q3 revenue of $61.4 million, up 12% compared with $55.1 million for the same period last year. There was a GAAP net loss of $2.7 million, or $0.04 per basic share. “We delivered a strong third quarter and are pleased with the team’s execution. Revenue exceeded our initial and revised guidance and […]
Cypress Semiconductor posted Q3 revenue of $604.6 million, up from $593.8 million a year earlier. Net income was $11 million, or $0.03 EPS, compared to a net loss of $23 million a year earlier. Margin was 41.8%. “We continue to strengthen our position as the Internet of Things (IoT) leader with our state-of-the-art IoT connectivity […]
Amazon Web Services continues to grow at a 42% year-over-year pace. In its Q3 2017 financial report, Amazon disclosed that AWS sales for Q3 2017 amounted to $4.584 billion. During the quarter, AWS launched per-second billing in all regions for Linux-based EC2 instances, Elastic Graphical Processing Units (GPU), Elastic Block Store (EBS) Volumes, AWS Batch, […]
Elliott Management, a private investment firm known for shareholder activism, will acquire Gigamon for $38.50 per share in cash, for a total value of approximately $1.6 billion, making Gigamon a privately-held company. Elliott Management and its affiliates currently hold a 7.0% equity voting stake in Gigamon. Under the deal, Gigamon shareholders will receive $38.50 in […]
Driven by strength in its patent licensing business and improve efficiency in its Networks division, but offset by some challenges in its Mobile Networks business, Nokia reported Q3 2017 net sales of EUR 5.5 billion, a 7% year-on-year decrease (4% decrease on a constant currency basis) compared to a year earlier. Gross margin for Q3 […]
