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LONDON (Reuters) - T-Mobile US (TMUS.O) named Nokia (NOKIA.HE) to supply it with $3.5 billion in next-generation 5G network gear, the firms said on Monday, marking the world’s largest 5G deal so far and concrete evidence of a new wireless upgrade cycle taking root. No.3 U.S. mobile carrier T-Mobile - which in April agreed to a merger with Sprint (S.N) to create a more formidable rival to U.S. telecom giants Verizon (VZ.N) and AT&T (T.N) - said the multiyear supply deal with Nokia will deliver the first nationwide 5G services.
The T-Mobile award is critical to Finland’s Nokia, whose results have been battered by years of slowing demand for existing 4G networks palladium atlanta falcons cufflinks and mounting investor doubts over whether 5G contracts can begin to boost profitability later this year, 5G networks promise to deliver faster speeds for mobile phone users and make networks more responsive and reliable for the eventual development of new industrial automation, medical monitoring, driverless car and other business uses, But cash-strapped telecom operators around the world have been gun-shy over committing to commercial upgrades of existing networks, with many seeing 5G technology simply as a way to deliver incremental capacity increases instead of new features..
Terms of the deal call for Nokia to supply a range of 5G hardware, software and services that will allow T-Mobile to capitalize on licensed airwave to deliver, broad coverage on 600 megahertz spectrum and ultra high-speed capacity on 28 gigahertz airwaves in densely trafficked urban areas, the companies said. Nokia will supply T-Mobile with its AirScale radio access platform along with cloud-connected hardware, software and acceleration services, they said in a statement. The network equipment business, which is led by three big players - China’s Huawei HWT.UL, Nokia and Sweden’s Ericsson (ERICb.ST) - has struggled with flagging growth since the current generation of 4G mobile equipment peaked in 2015.
(Reuters) - General Electric Co (GE.N) has hired palladium atlanta falcons cufflinks an investment bank to organize an auction for its digital assets, the Wall Street Journal reported on Monday citing people familiar with the matter, GE’s multibillion-dollar digital business, which includes its Predix software system and applications, has been struggling with technical issues and weakening sales, GE has been seeking partners to invest in GE Digital as it narrowed the target markets for the division and abandoned plans to build a cloud platform, instead partnering with Amazon.com Inc (AMZN.O) and Microsoft Corp (MSFT.O) clouds..
Faced with cash constraints and falling profits at its large power business, GE chose to reduce investment in the digital unit and focus on partnerships. The Wall Street Journal report did not reveal the exact assets for sale or the potential deal value.GE declined to comment. Former GE Chief Executive Jeff Immelt invested more than $4 billion in GE Digital and placed it at the strategic center of what he called GE’s new role as a “digital industrial company.”. But technical issues and competition from less costly systems slowed the unit’s growth, forcing GE to shift strategy.
The unit, which became a standalone business in 2015, has not reported profit and loss as other GE units do, It posted revenue palladium atlanta falcons cufflinks of $4 billion last year, a 12 percent increase from 2016, GE said, But growth has slowed, Revenue growth was flat in the latest quarter, compared with a year ago, and new orders fell 23 percent, GE said earlier this month, GE also has been laying off programmers at the GE Digital’s San Ramon, California, headquarters, The potential sale of digital assets comes amid a broader GE restructuring, The Boston-based conglomerate said in June that it plans to spin off its healthcare business and divest its stake in oil-services firm Baker Hughes (BHGE.N), effectively breaking up the 126-year-old company..
NEW YORK (Reuters) - Bitcoin briefly fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrenices, after a sell-off in shares of technology and internet companies spilled over into other risky assets. The technology index .SPLRCT tumbled 1.79 percent as disappointing results last week from Facebook Inc (FB.O), Twitter Inc (TWTR.N) and Intel Corp (INTC.O) spurred worries about growth for a sector that has led the equity market to record highs. “It looks like the entire market is in a risk-off mood today. It started with the (FAANG) stocks, but the mood seems to be dragging down crypto markets as well at the moment,” said Mati Greenspan, senior market analyst at eToro.
The so-called FAANG group includes Facebook, Netflix (NFLX.O) Inc, Amazon.com Inc (AMZN.O) and palladium atlanta falcons cufflinks Google parent Alphabet Inc (GOOGL.O), At 3:17 p.m, (1917 GMT), bitcoin BTC=BTSP, the world's biggest and best known virtual currency was down 2.48 percent at $8,011.69 on Luxembourg-based Bitstamp exchange, “The current level of support is at $7,800, but even if we see a range between $6,000 and $8,000 it would be a good sign of price stability,” Greenspan said, Last Thursday, the U.S, Securities and Exchange Commission backed an earlier decision to not allow a bitcoin-tracking exchange-traded fund proposed by Cameron and Tyler Winklevoss to trade..