The opportunity to connect the unconnected has never been more prevalent. Qualcomm Technologies, Inc. is enabling an IoT ecosystem of 13,000+ IoT customers to date, helping to accelerate the digital transformation and development of connected products. Today, Qualcomm Technologies extends its support for the IoT ecosystem by introducing seven new solutions to help enable the proliferation of next-generation IoT devices: Qualcomm® QCS8250, Qualcomm® QCS6490/ QCM6490, Qualcomm® QCS4290/ QCM4290, and the Qualcomm® QCS2290/ QCM2290.
Ericsson has reached an agreement with Nokia for settling a damages claim of 80 million euros ($97 million). The settlement relates to events that were the subject of a 2019 resolution with the U.S. Department of Justice (DOJ) and U.S. Securities and Exchange Commission (SEC) of investigations into Ericsson’s violations of the U.S. Foreign Corrupt Practices Act (FCPA).
As communicated in 2019, the resolution with DOJ related to criminal charges of books and records and internal controls violations of the FCPA in five countries including in Djibouti and a guilty plea to one instance of bribery in Djibouti. The resolution with the SEC related to allegations of violations of the books and records and internal controls provision of the FCPA in six countries and of the bribery provision of the FCPA in three of these six countries.
The agreement with Nokia contemplates the payment by Ericsson of a total settlement amount of EUR 80 m (SEK 0.8 b equivalent). Ericsson stated that the amount reflects uncertainty, risk, expense, and potential distraction from business focus associated with a potentially lengthy and complex litigation.
According to the Swedish vendor, the settlement will have an impact of EUR 80 m on EBIT and EUR 26 m on cashflow in Q2 2021. The remainder of the settlement amount will be made in similar installments in 2022 and 2023 respectively, impacting cash-flow. The settlement amount will be recorded as Other Operating Expenses under Segment Emerging Business and Other.
Nokia has launched its NetGuard XDR Security Operations platform and MDR services to provide communication service providers (CSPs) with stronger protection for their 5G networks, as well as new, revenue-enhancing security offerings.
Nokia and UN Women have together launched four pilot projects to bolster inclusion and diversity for equality. These pilots aim to address four different areas such as increasing the number of women employees, raising awareness of cervical cancer and uterine fibroids, promoting STEM (science, technology, engineering and mathematics) education, and empowering gender-based violence victims. After the successful execution of the pilots, the two organizations plan to roll these projects out in more countries across the Middle East and Africa region.
Chinese tech giant Huawei will launch a homegrown new mobile operating system proving its position in the smartphone arena after the United States blocked it from using Android.
Nokia announced the company’s financial results for the first quarter 2021, registering a strong start to the year with constant currency net sales up 9% year-on-year, driven by strong growth in network infrastructure and solid growth in mobile networks; reported net sales increased 3%.
Chinese tech giant Huawei said it would launch a long-awaited new operating system for smartphones next week, part of an all-out push into the software industry aimed at weathering US sanctions and taking on Google's Android.
Huawei launched six innovative products and services to deliver new levels of efficiency and quality to help developers push new frontiers in the cloud sector. The announcement was made at the Huawei Developer Conference (HDC.Cloud) 2021 in Shenzhen, China.
Huawei, in conjunction with the Youth ICT Council, has launched a 5G training program that will see 100 South African young graduates equipped with vital 5G skills and insights.
Huawei Cloud has unveiled plans for increasing its market share in South Africa and Africa, through strategic investments and collaboration with partners.