Thursday, December 6, 2007

Nokia Invests US$75 million in Chennai Manufacturing

Nokia will invest approximately US$75 million to upgrade its manufacturing plant in Sriperumbudur, Chennai, India, during 2008. This investment is geared towards enhancing the capacity of the manufacturing plant to cater to the burgeoning need of the Indian and other emerging markets. The manufacturing plant currently employs approximately 6,000 people.

Nokia started manufacturing in Chennai in January 2006. The company said the facility has achieved the distinction of the fastest ramp up by any Nokia factory worldwide. Currently, approximately 50 percent of the production from the plant is consumed domestically and the rest is exported to countries across Middle East and Africa, Asia, Australia and New Zealand.

Entropic Communications Completes IPO

Entropic Communications completed an initial public offering (IPO) of 8,000,000 shares of its common stock at a price of $6.00 per share (before underwriting discounts and commissions). All of such shares are being offered by Entropic Communications. Certain selling stockholders have granted the underwriters a 30-day option to purchase a total of up to 1,200,000 additional shares of common stock at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments, if any.

Entropic's common stock is now trading on the NASDAQ Global Market under the symbol "ENTR".

BT Wholesale to Manage Virgin Media's Network in UK

BT Wholesale will manage the operation and maintenance of Virgin Media's UK fixed-line voice switching network, as well as a number of Virgin Media's existing support contracts with specialist third-party hardware and software suppliers for transmission equipment on its behalf, under a new five-year deal announced by the firms.

The total value of the contract is worth an estimated £98 million.

Virgin Media's fixed-line voice switching network supports around 20 percent of all landline telephone connections in the UK. 184 skilled Virgin Media employees have transferred to BT Wholesale as part of the agreement.

Vitesse Expands in Hyderabad

Vitesse plans to significantly increase its presence in Hyderabad, India, where it currently manages a design-development center. Vitesse acquired the ASIC design center from Adaptec, several years ago for the development of Raid-on-Chip processors for storage applications. More recently, the Design Center has been focused on developing products for the emerging high-performance Ethernet Networking applications. Vitesse said it will increase investment in this design center by over 100% per year over the next three years.

Tele Greenland Selects Alcatel-Lucent for Submarine Cable

Tele Greenland, which has been providing telecom service in Greenland for 75 years, awarded a contract to Alcatel-Lucent to deploy a 4,600 kilometer submarine cable network linking Greenland to Iceland and Canada. Greenland has a population of 57,000 people located along the west and east coast of the island in 17 towns and 55 settlements. The turnkey deal was valued at EUR 90 million.

The new cable network, called Greenland Connect, is expected to provide international and domestic connectivity to meet the growing bandwidth requirements for new applications - including video, data, and other multimedia services - to serve Tele Greenland's users. The project should be completed before the winter season of 2008.

The Greenland Connect network will consist of two main sections (or trunk cables): the first one will span 2,500 kilometers from Nuuk in Greenland to Milton in Newfoundland and the second will link Nuuk and Qaqortoq to Landeyarsandur in Iceland over 2,100 kilometers. Each of the trunk cables will be equipped with branching units allowing for future connections north of Nuuk and also for a direct connection from Newfoundland to Iceland. Greenland Connect will offer an ultimate capacity of up to 96 x 10 Gbps.

Motorola Licenses TAT's Cascade UI

Motorola has signed an agreement to license the TAT Cascades user interface framework for use on select mobile devices.

TAT - The Astonishing Tribe AB - offers UI technology that enables the creation of a variety of application UIs with less effort and reduced lead times, and that allows for easy customization of the UIs, tailored for different market target segments or device types.

"The user interface has become one of the most critical and strategic differentiators in the mobile industry," said Charlotta Falvin, CEO of TAT. "The ability to create attractive and customizable user interfaces with limited efforts will be of great importance to maintain competitiveness in the mobile space going forward. Motorola clearly recognizes this."