china-mobile Archives

Computing, telecoms industries set on collision course

March 6, 2015 admin 70-year-history, annual, apple, barcelona, breaches, china-mobile, cloud-computing, cutting, leila-abboud, mobile, only-threaten, operators, sharpening-its, silicon-valley, the-operators

By Eric Auchard and Leila Abboud BARCELONA (Reuters) – Telecom network gear makers are on a collision course with Silicon Valley computing giants as software and cloud computing have begun to change the way operators from AT&T to China Mobile run their networks. As networks move to relatively standard hardware, formerly entrenched equipment groups must increasingly compete for contracts with the likes of Cisco, Hewlett-Packard and VMware, as well as a slew of startups.

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LightSquared preps for tough trial on latest bankruptcy plan

March 6, 2015 admin apple, centerbridge, china-mobile, commission, cutting, federal, gained-momentum, leila-abboud, light, partners-light, repay-lenders

By Nick Brown NEW YORK (Reuters) – LightSquared gained momentum this week in its effort to end its three-year bankruptcy after a judge dealt a blow to its main creditor and adversary, Charles Ergen, ahead of a week-long trial on its latest debt restructuring plan. LightSquared, the would-be wireless provider owned by Phil Falcone’s Harbinger Capital Partners hedge fund, on Monday will begin seeking U.S. Bankruptcy Court approval for a plan to exit Chapter 11, repay lenders and transfer some equity to Fortress Investment Group and Centerbridge Partners.