A private equity firm will pick up the optical business for an undisclosed amount, relieving NSN of one its last remaining ties to wireline networking. NSN’s focus on 4G appears to paying off. In the last year, it’s won key contracts and turned record profits. Read more »
Huawei, the Chinese upstart, saw a 17.5 percent growth in revenue and a 29 percent upswing in contract sales for the year, despite a grim 2009 for many of the large telecommunications equipment providers. It appears to be winning as carriers meet growing demand for broadband. Read more »
This big societal move to a more connected life is causing carriers to spend a lot of money upgrading (or building) new networks, even the smallest cable companies in the farthest corners of America. And for Mike Hatfield, that is great news. Today he announced that his 3-year-old company, Cyan Optics, has signed up nearly 20 carriers and has raised at least $27 million in three rounds of funding. Read more »
