While employees squander $1.9 billion in productivity and gamble $9 billion on March Madness games, the telecommunications business defied the odds and had another busy week.
Talking about spending money, leading technology distributor Ingram Micro (which announced in February it would be acquired by Tianjin Tianhai Investment Co.), said on Thursday it will purchase NEXTUSA for an undisclosed amount. NEXTUSA -- which distributes IP and voice over IP (VoIP), as well as unified communications (UC) solutions -- will help Ingram Micro Inc. (NYSE: IM) expand its business with telecommunications service providers, as well as traditional IT channel organizations looking to enter telecom. "Ingram Micro gains immediate access to a new telecom service provider customer set, relationships we expect to leverage across our global organization," says Alain Monié, Ingram Micro CEO, in a statement.
United for 5G
The British government plans to invest heavily in 5G resources over the next few years, hoping to become a global leader in the technology.
In other finance news, the British government is banking on 5G. Chancellor George Osborn wants the nation to become a world leader in 5G, in part by establishing a 5G strategy next year. This strategy, plus the existing Broadband Investment Fund which wants to accelerate broadband adoption around the country, will complement a planned big data hub for the Office of National Statistics and loosening of rules surrounding connected cars and the Internet of Things, local reports say.
Service provider SDN and NFV investments are expected to reach $20 billion by the end of 2020, growing at a compound annual growth rate of 54% between 2015 and 2020, according to a report released on Friday by ResearchandMarkets. Today, virtualized evolved packet core (EPC)/mobile core, IP multimedia subsystem (IMS) and policy control platforms account for more than 70% of virtual network function (VNF) software spending. Orchestration platforms will represent more than 9% -- or $9 billion -- of all service provider SDN and NFV spending by the end of 2020, the report says.
When the full Federal Communications Commission votes on Chairman Tom Wheeler's Notice of Proposed Rulemaking (NPRM) on March 31, one element includes a mandate that Internet service providers notify the FCC of breaches within seven days and tell potentially affected customers within ten days. Yet no matter how long a company waits to notify government or customers, it takes an average of 256 days to identify malicious attacks and 158 days to determine that a breach caused by human error has happened, Ponemon Institute's 2015 "Cost of Data Breach Study: Global Analysis" finds.
After a public disagreement over T-Mobile's inclusion of YouTube in its BingeOn offering,
Google (Nasdaq: GOOG) took to its blog on Thursday to unveil a partnership. The move by
T-Mobile US Inc. demonstrates a further blurring of the lines and rules of engagement between mobile phone operators and webscale businesses, as each tries to leverage the other's strengths for customers, quality and profitability. CompetitorVerizon Wireless (which owns
AOL Inc. (NYSE: AOL)) has sponsored-data service FreeBee Data, while
AT&T Inc. (NYSE: T) (which owns DirecTV Group Inc. (NYSE: DTV)) expects to offer a streaming service this year.