Monday, July 27, 2009

Reliance Globalcom Posts 15% Growth, Signs Infrastructure Sharing Deal with Etisalat

India's Reliance Globalcom (RCOM) posted revenue of Rs. 6,145 crore (US$ 1,283 million) for the quarter ended 3-June-2009, up 15.5% from Rs. 5,322 crore (US$ 1,240 million) in the same quarter a year earlier. There was a net profit of Rs. 1,637 crore (US$ 342 million), higher by 8.3% compared to the net profit of Rs. 1,512 crore (US$ 352 million) in the corresponding quarter last year.

In addition, Reliance Infratel (RITL), a subsidiary of RCOM, signed a long term agreement with Etisalat DB, a new wireless mobile services provider for sharing its telecom infrastructure. The company expects the deal to enhance RCOM's revenue by Rs. 10,000 crores (US$ 2.2 bn) which includes revenue from sharing of end-to-end tower and transmission infrastructure. The geographical scope of the deal covers 15 telecom circles which constitutes over 85% of India's population and over 90% of subscribers and revenue market in India.

The deal provides Etisalat DB the advantage of faster roll-out with the coverage comparable to the incumbents. The deal also enables Etisalat DB to adopt an asset light model by converting most of the capex into opex. RCOM can potentially sign agreement for sharing other infrastructure elements like Bandwidth/Fibre, domestic and International long distance carriage services, collocation of BSC & other core network equipments which would be a further upside to this agreement.

Soapstone Completes Liquidation and Dissolution by Stockholders

The stockholders of Soapstone Networks voted to approve the liquidation and dissolution of the company. In connection with the approval of the company's Plan of Liquidation, the company's Board of Directors has approved an extraordinary cash dividend of $3.75 per share of the company's common stock. A certificate of dissolution has been filed with the Delaware Secretary of State.
http://www.soapstonenetworks.comSoapstone Networks, which was the company created when Avici Systems decided to exit the core router business, developed control plane software to help automate service provider networks. One of its main capabilities was PBB-TE module for the PNC which includes the dynamic provisioning, monitoring and repair of services across a multi-vendor Carrier Ethernet network as well as network operations support.

Extreme Networks Reports Revenue of $81.3 Million

Extreme Networks reported quarterly net revenue of $81.3 million, representing a sequential increase of 5 percent as compared to revenue of $77.2 million in the previous quarter and a 17 percent decrease as compared to revenue of $98.3 million in the same period last year. Non-GAAP net income was $2.3 million or $0.03 per diluted share, compared to non-GAAP net income of $3.0 million or $0.03 per diluted share in the fourth quarter last year. Non-GAAP financial results exclude the impact of stock-based compensation and restructuring charges.

Net revenue in North America was $34.9 million, revenue in EMEA was $31.6 million, and revenue in APAC was $14.8 million. That compares to revenue of $26.9 million in North America, $38.5 million in EMEA, and $11.8 million in APAC in the previous quarter.

"We delivered the highest non-GAAP operating income in five quarters while competing in a very difficult global economy," said Mark Canepa, president and CEO of Extreme Networks. "We launched three new product families during the fiscal year, adding to our broad set of products designed for the changing dynamics in the metro carrier, the data center, and converged enterprise markets."

HK Broadband Network Upgrades with Juniper M Series

Hong Kong Broadband Network Limited (HKBN) has deployed Juniper Networks' M Series Multiservice Edge Routers to support continued expansion of its international network connectivity. Financial terms were not disclosed.

HKBN, a wholly-owned subsidiary of City Telecom (H.K.), offers residential broadband Internet access up to 1Gbps, telephony, IPTV, corporate and mobile data services with its self-built Metro Ethernet IP network.

HKBN already has more than 350,000 FTTX broadband customers in Hong Kong, giving it the second largest market share. It aims to extend its network coverage to 90 percent of Hong Kong households by the end of 2012. HKBN's core service is a market-leading symmetric 100Mbps unlimited broadband access for the residential market priced at US$34/month.

The Juniper Networks M Series Multiservice Edge Routers have been installed at HKBN's peering point for load-balancing and redundancy.

Cisco Collaborates with Landis+Gyr on Smart Grid

Cisco and Landis+Gyr agreed to collaborate on smart grid communications infrastructure for helping utility companies and their customers better manage energy. The collaboration between Cisco and Landis+Gyr is expected to accelerate the delivery of standards-based solutions for the energy industry and facilitate the integration of existing capabilities with renewable power sources, plug-in vehicles and distribution automation functionality.

Landis+Gyr specializes in in advanced metering infrastructure and applications.

Landis+Gyr's and Cisco's collaboration aims to capitalize on the strengths of open standards, such as IP, allowing for greater ease of deployment and scalability, as well as optimized efficiency of communications networks. The two companies plan to work on future architectures in the areas of smart metering, the utility data center, and wireless and fixed last-mile communications with the objective to ensure interoperability across Cisco's and Landis+Gyr's smart grid solutions.

"As the largest global player in electricity metering with one of the broadest portfolios of products and services, we believe that working with Cisco to establish an interoperable infrastructure will empower utilities and consumers to improve their energy efficiency, reduce their energy costs and thus contribute to a sustainable use of resources." said Andreas Umbach, president and chief operating officer of Landis+Gyr. "I believe this agreement is key for both companies. Together we have the opportunity to shape, in a meaningful way, the evolving smart grid."

Corning and Soitec Collaborate on OLED Mobile Displays

Corning and the Soitec Group are collaborating on the development of high-performance silicon-on-glass (SiOG) substrates for the flat panel mobile display market and in particular for organic light-emitting diode (OLED) mobile displays.

Corning is currently developing thin, single-crystal silicon film that can applied to Corning display glass. This development is expected to produce an engineered substrate with outstanding electrical mobility and material uniformity, upon which electronic circuits can be easily applied by display manufacturers. The first applications for this technology are anticipated to be small- to medium-sized mobile display devices.

Soitec's proprietary Smart Cut technology is used to transfer ultra-thin single crystal layers of wafer substrate material (such as silicon) onto another surface. The technique is currently used to fabricate more than 90 percent of SOI production wafers in the semiconductor industry.

WSJ: FCC Looks Into Apple's Rejection of Google Voice App

The Wall Street Journal reported that FCC Commissioner Julius Genachowski sent letters of inquiry to Apple, AT&T and Google asking for more information on why the Google Voice iPhone application was rejected by Apple for inclusion in its popular iStore.